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Over the five‐year period, Palantir’s revenue and gross profit have shown robust growth, reflecting continued market adoption and expansion. Revenue increased from approximately 1,093 million USD in 2020 to nearly 2,866 million USD in 2024, marking significant year-over-year gains. Notably, the growth rate exceeded 40% from 2020 to 2021 and rebounded with almost 29% from 2023 to 2024, indicating strong scalability. Simultaneously, the gross profit trend followed a similar pattern, rising from 740 million USD in 2020 to about 2,300 million USD in 2024, suggesting effective management of cost of goods sold despite rapid top-line expansion. The company’s operating income and net income experienced a dramatic turnaround after initial losses. While 2020 to 2022 were marked by considerable operating losses—with operating income shifting from -1,174 million USD in 2020 to a reduced loss of -161 million USD in 2022—the subsequent recovery was striking, as operating income turned positive at 120 million USD in 2023 and further improved to 310 million USD in 2024. Net income followed a similar trajectory, moving from losses around -1,166 million USD in 2020 to positive earnings of 210 million USD in 2023 and 462 million USD in 2024, representing over a 100% swing year-over-year once profitability was achieved. Overall, these metrics indicate that Palantir has overcome early operational challenges, leveraged its growing revenue base, and achieved a sustainable profitability turnaround, positioning it well within the competitive technology and data analytics sector.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.