PLTR Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), PLTR reported revenue of $726M, gross profit of $579M (79.8% gross margin), operating income of $113M, and net income of $144M (19.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PLTR was profitable; revenue grew 30.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +30.0% | +100.7% | +7.0 pp |
| Quarter over quarter | +7.0% | +7.0% | +0.0 pp |
Consensus estimate data is not available for this report.
PLTR Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $726M | 100% |
| Cost of Revenue | −$147M | 20.2% |
| Gross Profit | $579M | 79.8% |
| Research & Development | −$118M | 16.2% |
| Selling, General & Administrative | −$348M | 48.0% |
| Operating Income | $113M | 15.6% |
| Other Income, net | $44M | 6.1% |
| Income Tax Expense | −$8M | 1.1% |
| Net Income | $144M | 19.8% |
Source: original SEC filing (filed 2024-11-04). Accession 0001321655-24-000207. Data normalized by EarningsFyi.