PLTR Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-12-31), PLTR reported revenue of $828M, gross profit of $653M (78.9% gross margin), operating income of $11M, and net income of $79M (9.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
PLTR was profitable; revenue grew 36.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +36.0% | −15.4% | −5.8 pp |
| Quarter over quarter | +14.1% | −45.0% | −10.2 pp |
Consensus estimate data is not available for this report.
PLTR Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $828M | 100% |
| Cost of Revenue | −$175M | 21.1% |
| Gross Profit | $653M | 78.9% |
| Research & Development | −$172M | 20.7% |
| Selling, General & Administrative | −$470M | 56.8% |
| Operating Income | $11M | 1.3% |
| Other Income, net | $69M | 8.4% |
| Income Tax Expense | −$4M | 0.4% |
| Net Income | $79M | 9.5% |
Source: original SEC filing (filed 2025-02-03). Accession 0001321655-25-000007. Data normalized by EarningsFyi.