Filing Flows › Palantir Technologies (PLTR) › Q1 2025
Palantir Technologies (PLTR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Palantir Technologies (PLTR) reported revenue of $884M for the first quarter 2025 (Q1 2025), +39% from a year earlier and +7% from the quarter before. Operating margin was 19.9%, net earnings $214M (24.2% of revenue).
Palantir Technologies, Q1 2025: revenue $884M (+39% year over year), operating margin 19.9%, net earnings $214M, operating cash flow $310M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $884M | +7% | +39% |
| Gross profit | $711M | +9% | +37% |
| Operating profit | $176M | 16× | +118% |
| Net earnings | $214M | +171% | +103% |
| Operating cash flow | $310M | -33% | +139% |
| Free cash flow | $304M | -33% | +140% |
What changed
Revenue was $883.9M in Q1 2025, up 39% year over year and up 7% from the previous quarter.
Gross margin was 80.4%, down 1.2 points from a year earlier. Operating profit was $176.0M, a 19.9% margin (up 7.2 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 13% margin then. Operating expenses grew 22% against revenue growth of 39%. The fastest-growing cost line was Research & development (+23%). Net earnings were $214.0M, up 103% year over year. The effective tax rate was 2.5%. Non-operating items added $47.3M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $310.3M (up 139% year over year), 143% of net earnings. Non-cash charges added back $6.6M of depreciation and amortization and $155.3M of share-based compensation. Working capital and other items used $69.4M. Capital expenditures of $6.2M left free cash flow of $304.1M.
Questions
What was Palantir Technologies' revenue in the first quarter 2025?
Palantir Technologies (PLTR) reported revenue of $884M for the first quarter 2025 (Q1 2025), +39% from a year earlier and +7% from the quarter before.
Was Palantir Technologies profitable in the first quarter 2025?
Operating profit was $176M (19.9% of revenue) and net earnings $214M.