PLTR Q4 2023 Earnings — Income Statement Breakdown
For its Q4 2023 period (ending 2023-12-31), PLTR reported revenue of $608M, gross profit of $500M (82.1% gross margin), operating income of $66M, and net income of $93M (15.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PLTR was profitable; revenue grew 9.0% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +9.0% | +30.6% | +2.5 pp |
Consensus estimate data is not available for this report.
PLTR Q4 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $608M | 100% |
| Cost of Revenue | −$109M | 17.9% |
| Gross Profit | $500M | 82.1% |
| Research & Development | −$109M | 18.0% |
| Selling, General & Administrative | −$325M | 53.4% |
| Operating Income | $66M | 10.8% |
| Interest Expense | −$136,000 | 0.0% |
| Other Income, net | $41M | 6.7% |
| Income Tax Expense | −$9M | 1.5% |
| Net Income | $93M | 15.4% |
Source: original SEC filing (filed 2024-02-05). Accession 0001321655-24-000010. Data normalized by EarningsFyi.