Palantir Results Presentation Deck
Q1 Business Update
Q1 2023 Highlights
→ Second consecutive quarter of GAAP net income profitability; GAAP EPS of $0.01
→ We achieved GAAP operating profitability for the first time in our company's history
→ GAAP operating margin of 1%, up 1,000 basis points Y/Y; Adjusted operating margin of 24%
→ Cash from operations of $187 million; 36% margin
→ Adjusted free cash flow of $189 million; 36% margin
→ Revenue grew +18% Y/Y to $525 million
→ US revenue grew +23% Y/Y to $337 million
→ US commercial revenue grew +26% Y/Y and +39% Q/Q to $107 million
→ US commercial customer count grew +50% Y/Y
Adjusted operating margin excludes stock-based compensation and related employer payroll taxes.
Adjusted free cash flow excludes employer payroll taxes related to stock-based compensation and purchases of property and equipment.
Please see the appendix for a reconciliation of these and other non-GAAP financial measures to the most directly comparable GAAP measures.
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