UPDATE: RBC Capital Downgrades Palantir Technologies Inc. (PLTR) to Underperform, 'Limited Russia-Ukraine Benefits; Weak Backlog'

Palantir Reports Revenue Growth of 31% for Q1 2022, US Commercial Revenue up 136% Y/Y in Q1 2022

May 9, 2022 7:00 AM EDT

DENVER--(BUSINESS WIRE)-- Palantir Technologies Inc. (NYSE: PLTR) today announced financial results for the first quarter ended March 31, 2022.

Q1 2022 Highlights

Total revenue grew 31% year-over-year to $446 million Commercial revenue grew 54% year-over-year US commercial revenue grew 136% year-over-year Government revenue grew 16% year-over-year Customer count grew 86% year-over-year Loss from operations of $(39) million, representing a margin of (9)%, up 2,400 basis points year-over-year and 500 basis points sequentially Adjusted income from operations of $117 million, representing a margin of 26% Cash from operations of $35... More