PLTR Q3 2023 Earnings — Income Statement Breakdown
For its Q3 2023 period (ending 2023-09-30), PLTR reported revenue of $558M, gross profit of $450M (80.7% gross margin), operating income of $40M, and net income of $72M (12.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PLTR was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
PLTR Q3 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $558M | 100% |
| Cost of Revenue | −$108M | 19.3% |
| Gross Profit | $450M | 80.7% |
| Research & Development | −$106M | 18.9% |
| Selling, General & Administrative | −$305M | 54.6% |
| Operating Income | $40M | 7.2% |
| Interest Expense | −$742,000 | 0.1% |
| Other Income, net | $41M | 7.3% |
| Income Tax Expense | −$7M | 1.2% |
| Net Income | $72M | 12.8% |
Source: original SEC filing (filed 2023-11-02). Accession 0001321655-23-000115. Data normalized by EarningsFyi.