Palantir Reports Revenue Growth of 26% Y/Y for Q2 2022, US Commercial Revenue Up 120% Y/Y in Q2 2022

About this update from Palantir Technologies Inc.

[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nPalantir Technologies Inc. (NYSE:PLTR) today announced financial results for the second quarter ended June 30, 2022.\n\nQ2 2022 Highlights\n\n\nRevenue grew 26% year-over-year to $473 million\n\n\nUS revenue grew 45% year-over-year to $290 million\n\n\nCommercial revenue grew 46% year-over-year\n\n\nUS commercial revenue grew 120% year-over-year\n\n\n\n\nUS government revenue grew 27% year-over-year\n\n\nUS commercial customer count increased 250% year-over-year, from 34 customers in Q2 2021 to 119 customers in Q2 2022\n\n\nTotal contract value (“TCV”) closed of $792 million, including US TCV closed of $588 million\n\n\nLoss from operations of $(42) million, representing a margin of (9)%, up 3,000 basis points year-over-year\n\n\nAdjusted income from operations of $108 million, representing a margin of 23%\n\n\nCash from operations of $62 million, representing a 13% margin\n\n\nAdjusted free cash flow of $61 million, representing a 13% margin\n\n\nQ2 2022 TTM Highlights\n\n\nUS revenue of $1.04 billion on a trailing-twelve-months (“TTM”) basis\n\n\nCash from operations of $292 million, representing a 17% margin\n\n\nAdjusted free cash flow of $314 million, representing an 18% margin\n\n\nQ2 2022 Financial Summary\n\n\n\n(Amounts in thousands, except percentages and per share amounts)\n\n\n\nSecond Quarter\n\n\n\n\n\nAmount\n\n\n\n\n\nRevenue\n\n\n\n$\n\n\n\n473,010\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nYear-over-year growth\n\n\n\n \n\n\n\n26\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\nAmount\n\n\n\n \n\n\n\nMargin\n\n\n\n\n\nLoss from Operations\n\n\n\n$\n\n\n\n(41,745\n\n\n\n)\n\n\n\n \n\n\n\n(9\n\n\n\n)%\n\n\n\n\n\nAdjusted Income from Operations\n\n\n\n$\n\n\n\n107,849\n\n\n\n \n\n\n\n \n\n\n\n23\n\n\n\n%\n\n\n\n\n\nCash from Operations\n\n\n\n$\n\n\n\n62,431\n\n\n\n \n\n\n\n \n\n\n\n13\n\n\n\n%\n\n\n\n\n\nAdjusted Free Cash Flow\n\n\n\n$\n\n\n\n60,906\n\n\n\n \n\n\n\n \n\n\n\n13\n\n\n\n%\n\n\n\n\n\nNet Loss\n\n\n\n$\n\n\n\n(179,329\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted Net Income\n\n\n\n$\n\n\n\n(21,120\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n$\n\n\n\n112,744\n\n\n\n \n\n\n\n \n\n\n\n24\n\n\n\n%\n\n\n\n\n\nGAAP Net Loss Per Share, Diluted\n\n\n\n$\n\n\n\n(0.09\n\n\n\n)\n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted Loss Per Share, Di...

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