Palantir reported fourth-quarter revenue of $1.4bn ($1.3bn expected), up 70% year-over-year and 19% quarter-over-quarter. Performance was driven by its US commercial and government businesses.
Underlying operating profit more than doubled to $798mn, driven by the revenue growth and lower operating costs.
Underlying free cash flow rose 53% to $791mn, helped by the improved profitability. Net cash, including lease liabilities, improved from $5.0bn to $6.9bn.
For the current quarter, Palantir expects revenue of around $1.5bn, with underlying operating profit of around $872mn. For the full year, revenue is expected to be around $7.2bn, with underlying operating profits of around $4.1bn, well ahead of consensus forecasts of $6.6bn and $3.4bn respectively.
The shares rose 7.0% in pre-market trading.
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Palantir key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
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