Key Takeaways from Palantir’s Q3 2024 Earnings 🦾

What we’re showing

This graphic highlights key takeaways from Palantir’s most recent Q3 2024 earnings report.

What does Palantir do?

Palantir offers a variety of data analytics platforms to clients in the public and private sectors. This includes:

• AIP (Artificial Intelligence Platform): Integrates AI with clients’ existing data infrastructure
• Foundry: Data analysis platform for commercial sector
• Gotham: Data analysis platform for government and defense sector
• Apollo: Continuous deployment software that automates updates across complex systems

Unstoppable revenue growth

The biggest story (aside from the 20% jump in stock price) is Palantir’s accelerating revenue growth. Over the past six quarters, revenue has risen from +13% in Q2 2023 to +30% in Q3 2024.

The company’s U.S. results were even more impressive, with quarterly revenue climbing +44% year over year. 

It is the speed with which institutions in the U.S., in particular, have adopted our platforms and artificial intelligence capabilities more broadly that has been, and we believe will continue to be, the driver of our growth.

• Alex Karp, CEO