Palantir Results Presentation Deck

Financial Update We ended Q1 2022 with $3.5B in total remaining deal value, up 26% year-over-year. $4B $3B $2B $1B $2.8B Q1 2021 +26% $3.5B Q1 2022 Remaining performance obligations grew 86% year-over-year to $1.2B. $1.25B $1B $750M $500M $250M $626M Q1 2021 +86% $1.2B Ⓒ2022 Palantir Technologies Inc. Q1 2022 Total remaining deal value is the total remaining 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 remaining deal value presumes the exercise of all contract options and no termination of contracts; however, the majority of our contracts are subject to termination provisions, including for convenience, and there can be no guarantee that contracts are not terminated or that contract options will be exercised. Included in the $3.5 billion of total remaining deal value is the following activity during the three months ended March 31, 2022: 1) $755 million of maximum potential revenue from commercial contracts entered into with corresponding approved investment agreements, less 2) $39 million of revenue recognized from such commercial contracts, plus 3) $68 million of maximum potential revenue from commercial contracts entered into in connection with potential investment agreements that are subject to negotiation, approval, and execution. Remaining performance obligations represent non-cancelable 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 606 - Revenue from Contracts with Customers - allowing us to not disclose remaining performance obligations for contracts with original terms of twelve months or less.

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