Palantir Reports Revenue Growth of 31% for Q1 2022, US Commercial Revenue up 136% Y/Y in Q1 2022

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[{"type":"text","content":" DENVER--(BUSINESS WIRE)--\nPalantir Technologies Inc. (NYSE:PLTR) today announced financial results for the first quarter ended March 31, 2022.\n\nQ1 2022 Highlights\n\n\nTotal revenue grew 31% year-over-year to $446 million\n\n\nCommercial revenue grew 54% year-over-year\n\n\nUS commercial revenue grew 136% year-over-year\n\n\n\n\nGovernment revenue grew 16% year-over-year\n\n\nCustomer count grew 86% year-over-year\n\n\nLoss from operations of $(39) million, representing a margin of (9)%, up 2,400 basis points year-over-year and 500 basis points sequentially\n\n\nAdjusted income from operations of $117 million, representing a margin of 26%\n\n\nCash from operations of $35 million, representing an 8% margin\n\n\nAdjusted free cash flow of $30 million, representing a 7% margin\n\n\nGAAP net loss per share, diluted of $(0.05)\n\n\nAdjusted earnings per share, diluted of $0.02\n\n\nQ1 2022 Financial Summary\n\n\n\n(Amounts in thousands, except percentages and per share amounts)\n\n\n\n\nFirst Quarter\n\n\n\n\n\n\nAmount\n\n\n\n\n\nRevenue\n\n\n\n\n$\n\n\n\n446,357\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\n\n31\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\nMargin\n\n\n\n\n\nLoss from Operations\n\n\n\n\n$\n\n\n\n(39,439\n\n\n\n)\n\n\n\n\n(9\n\n\n\n)%\n\n\n\n\n\nAdjusted Income from Operations\n\n\n\n\n$\n\n\n\n117,390\n\n\n\n \n\n\n\n\n26\n\n\n\n%\n\n\n\n\n\nCash Flow from Operations\n\n\n\n\n$\n\n\n\n35,477\n\n\n\n \n\n\n\n\n8\n\n\n\n%\n\n\n\n\n\nAdjusted Free Cash Flow\n\n\n\n\n$\n\n\n\n29,786\n\n\n\n \n\n\n\n\n7\n\n\n\n%\n\n\n\n\n\nNet Loss\n\n\n\n\n$\n\n\n\n(101,379\n\n\n\n)\n\n\n\n\n \n\n\n\n\n\nAdjusted Net Income\n\n\n\n\n$\n\n\n\n44,713\n\n\n\n \n\n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n\n$\n\n\n\n121,702\n\n\n\n \n\n\n\n\n27\n\n\n\n%\n\n\n\n\n\nGAAP Net Loss Per Share, Diluted\n\n\n\n\n$\n\n\n\n(0.05\n\n\n\n)\n\n\n\n\n \n\n\n\n\n\nAdjusted Earnings Per Share, Diluted\n\n\n\n\n$\n\n\n\n0.02\n\n\n\n \n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n \n\n\nOutlook\n\nFor Q2 2022:\n\n\nWe are guiding to a base case of $470 million in revenue. There is a wide range of potential upside to our guidance, including those driven by our role in responding to developing geopolitical events.\n\n\nWe expect adjusted operating margin of 20%.\n\n\nFor full year 2022, we continue...

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