Palantir Results Presentation Deck

O) Q4 2020 BUSINESS UPDATE .000 Ⓒ2021 PALANTIR TECHNOLOGIES INC. A5 Other Definitions Total deal value is the remaining deal value of contracts that have been awarded by our government and commercial customers and includes existing contractual obligations and unexercised contract options available to those customers. Total deal value presumes the exercise of all contract options and no termination of contracts; however, the majority of our contracts are subject to termination for convenience provisions and there can be no guarantee that contracts are not terminated or that contract options will be exercised. Deal value growth on a constant duration basis represents the growth of total deal value divided by dollar-weighted average contract duration year-over-year. Dollar-weighted average contract duration represents the length of time we expect to generate revenue on average, including existing contractual obligations and assumes that our customers will exercise all of the contractual options available to them and is subject to change as we enter into new contracts or if customers terminate for convenience. Dollar-weighted contract duration is calculated on a dollar-weighted basis to account for smaller deals. Remaining performance obligations represent noncancelable contracted revenue that has not yet been recognized, which includes deferred revenue and, in certain instances, amounts that will be invoiced. We have elected the practical expedient, as permitted under Accounting Standards Codification ("ASC") 606 - Revenue from Contracts with Customers - allowing us to not disclose remaining performance obligations for contracts with original terms of twelve months or less. Annual contract value represents the total value of contracts closed in the period divided by the dollar-weighted average contract duration of those same contracts.

View entire presentation