PLTR Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), PLTR reported revenue of $678M, gross profit of $550M (81.0% gross margin), operating income of $105M, and net income of $134M (19.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PLTR was profitable; revenue grew 6.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +6.9% | +27.1% | +3.1 pp |
Consensus estimate data is not available for this report.
PLTR Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $678M | 100% |
| Cost of Revenue | −$129M | 19.0% |
| Gross Profit | $550M | 81.0% |
| Research & Development | −$109M | 16.0% |
| Selling, General & Administrative | −$335M | 49.5% |
| Operating Income | $105M | 15.5% |
| Other Income, net | $35M | 5.2% |
| Income Tax Expense | −$5M | 0.8% |
| Net Income | $134M | 19.8% |
Source: original SEC filing (filed 2024-08-05). Accession 0001321655-24-000133. Data normalized by EarningsFyi.