PLTR Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), PLTR reported revenue of $634M, gross profit of $518M (81.7% gross margin), operating income of $81M, and net income of $106M (16.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PLTR was profitable; revenue grew 4.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +4.3% | +13.0% | +1.3 pp |
Consensus estimate data is not available for this report.
PLTR Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $634M | 100% |
| Cost of Revenue | −$116M | 18.3% |
| Gross Profit | $518M | 81.7% |
| Research & Development | −$110M | 17.3% |
| Selling, General & Administrative | −$327M | 51.6% |
| Operating Income | $81M | 12.8% |
| Other Income, net | $30M | 4.7% |
| Income Tax Expense | −$5M | 0.7% |
| Net Income | $106M | 16.6% |
Source: original SEC filing (filed 2024-05-06). Accession 0001321655-24-000069. Data normalized by EarningsFyi.