#1Q3 ©2023 Palantir Technologies Inc. Q Palantir Business Update оо 2023#2Disclaimer Safe Harbor Copyright © 2023 Palantir Technologies Inc. ("Palantir"). This presentation contains "forward-looking" statements within the meaning of the federal securities laws, and these statements involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding our financial outlook, product development, distribution, and pricing, expected benefits of and applications for our software platforms, business strategy and plans (including strategy and plans relating to our Artificial Intelligence Platform ("AIP"), sales and marketing efforts, sales force, partnerships, and customers), investments in our business, market trends and market size, expectations regarding any current or potential customers, partnerships, or other business relationships or initiatives, opportunities (including growth opportunities), our expectations regarding our existing and potential investments in, and commercial contracts with, various entities, our expectations regarding macroeconomic events, our expectations regarding potential eligibility or inclusion in market indices, our expectations regarding our share repurchase program, and positioning, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. In some cases, you can identify forward-looking statements by terminology such as "guidance," "expect," "anticipate," "should," "believe," "hope," "target," "project," "plan," "goals," "estimate," "potential," "predict," "may," "will," "might,” “could,” “intend,” “shall,” and variations of these terms or the negative of these terms and similar expressions. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to risks detailed in our filings with the Securities and Exchange Commission (the "SEC"). You can locate these reports on our investor relations website (investors.palantir.com) or on the SEC website (www.sec.gov). If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. Except as required by law, we assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations. We use the non-GAAP financial measures adjusted free cash flow and adjusted free cash flow margin; adjusted gross profit and adjusted gross margin; billings; adjusted operating income and adjusted operating margin; adjusted earnings (loss) per share ("EPS"), diluted; and adjusted expenses to help us evaluate our business, identify trends affecting our business, formulate business plans and financial projections, and make strategic decisions. Our definitions may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Further, these metrics have certain limitations in that they do not include the impact of certain expenses that are reflected in our consolidated statements of operations. Thus, these non-GAAP financial measures should be considered in addition to, not as a substitute for, or in isolation from, measures prepared in accordance with GAAP. We compensate for these limitations by providing reconciliations of these non-GAAP financial measures to the most comparable GAAP measures. We encourage investors and others to review our business, results of operations, and financial information in its entirety, not to rely on any single financial measure, and to view these non-GAAP financial measures in conjunction with the most directly comparable GAAP financial measures. This presentation may contain statistical data, estimates, and forecasts that are based on independent industry publications or other publicly available information, as well as other information based on our internal sources. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this presentation. This presentation may also contain links to publicly-available websites, data, or other information. We have not independently verified the accuracy or completeness of such websites, data, or information and accordingly we make no representations as to their accuracy or completeness nor do we undertake to update such data or information after the date of this presentation. The inclusion of external links does not constitute endorsement by Palantir of the linked websites or the data or information contained therein. This presentation may refer to various growth rates when discussing our business. These rates reflect year-over-year comparisons unless otherwise stated. Any non-Palantir logos or trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the platform and products of Palantir. The appearance of any US Department of Defense (DoD) visual information does not imply or constitute DoD endorsements. By attending or receiving this presentation you acknowledge that you will be solely responsible for your own assessment of the market and our market position and that you will conduct your own analysis and be solely responsible for forming your own view of such information, including the potential future performance of our business.#3Palantir stands with Israel. © 2023 Palantir Technologies Inc.#4Q3 Business Update Q3 2023 Highlights →> Fourth consecutive quarter of GAAP profitability; GAAP EPS of $0.03 → Third consecutive quarter of GAAP operating profitability; 7% margin, up 2,000 basis points Y/Y -> Revenue grew +17% Y/Y to $558 million -> US commercial revenue grew +33% Y/Y to $116 million -> US commercial customer count grew +37% Y/Y → Adjusted operating margin of 29%; fourth consecutive quarter of expanding adjusted operating margins → Cash from operations of $133 million; 24% margin → Adjusted free cash flow of $141 million; 25% margin © 2023 Palantir Technologies Inc. We define a customer as an organization from which we have recognized revenue during the trailing twelve months period. Adjusted operating margin excludes stock-based compensation expense and related employer payroll taxes. Adjusted free cash flow and adjusted free cash flow margin exclude employer payroll taxes related to stock-based compensation and purchases of property and equipment. Please see the appendix for reconciliations of these and other non-GAAP financial measures to the most directly comparable GAAP measures.#5Q3 Business Update Q3 2023 TTM Highlights $147 million GAAP Net Income $36 million GAAP Operating Income $403 million US Commercial Revenue +23% Y/Y US Commercial Revenue $502 million Adjusted Free Cash Flow 24% Adjusted Free Cash Flow Margin $538 million Adjusted Operating Income 25% Adjusted Operating Margin © 2023 Palantir Technologies Inc. Adjusted operating income excludes stock-based compensation and related employer payroll taxes. Please see the appendix for reconciliations of these and other non-GAAP financial measures to the most directly comparable GAAP measures. "TTM" refers to the trailing twelve months ending in the period indicated.#6Q3 Business Update Palantir is proud to support the Ministry of Digital Transformation of Ukraine as they accelerate Ukraine's digital reconstruction with AIP. We are working on a technology that will help the state save millions, make effective management decisions, and become a virtual assistant for the Government. Mykhailo Fedorov, Deputy Prime Minister for Innovation, Education, Science and Technology Development - Minister of Digital Transformation of Ukraine © 2023 Palantir Technologies Inc. Legend Find Yuzhnoukrainsk Voznesensk H24 Nova Odesa Bobrynets Dolynska M30 H23 Zhovti Vody P55 Novyi Buh H11 Kryvyi Rih P81 Mykolaiv 30 km Kherson Hola Prystan Nova Kakhovka M14 M14 Apostolov © Mapbox © OpenStreetMap Improve this map © Mapbox © OpenStreetMap Improve this map © Maxar AIP Hromadas 195 A Accidents 513 News # Hazardous Areas Hazardous Sqm Building Density # Educational Institution Hazardous Sqm Distance To School 6 349717.7357912 224512.6890355 5 349717.7357912 211.750585 No value No value 21473584.00749 5 No value 0 No value No value 0 5 No value 4406.894007 All data shown is notional.#7Q3 Business Update HOSPITAL OPERATIONS Palantir Master Class Digitally Transforming Care Team Allocation Staff input System input Talent profile Staff schedule preferences Volume prediction Cost data Other inputs Business rules (1) Nurse Leader edits Manual process and/or no data trail Digital Process with data trail © 2023 Palantir Technologies Inc. Note: Hospital beds data is based on hospital admissions Initial schedule Posted schedule Our software is used by 16% of hospital beds across the US, up from roughly 1% a year ago. ናና We've been able to scale this across our acute in-patient units at 9 facilities, and we're looking ahead to the future. We'll be at 180+ hospitals... that's 90,000 nurses strong. Whitney Staub-Juergens DNP-HSL, MSN, RN, CCRN-K, NE-BC, VP of Clinical Operations at HCA Healthcare Leader input Watch Whitney's Master Class on Transforming Healthcare Staffing with Strategic Scheduling Staffing adjustments Feedback Loop (3 Worked Outcomes schedule#8Q3 Business Update Palantir ranked #1 vendor in the 2023 AI, Data Science, and Machine Learning Wisdom of Crowds® Market Study published by Dresner Advisory Services. Read the report to see why Copyright 2023 - Dresner Advisory Services © 2023 Palantir Technologies Inc. August 31, 707% Dresner Advisory Services, LLC Al, Data Science, and Machine Learning Market Study#9Q3 Business Update AIPCON HIGHLIGHTS At AIPConⓇ, our customers unveiled their AIP workflows. Launched just five months ago, AIP is already used by nearly 300 organizations across sectors ranging from energy to finance, hospitality, and healthcare. ASSOCIATED MATERIALS® dish CAZ EATON INVESTMENTS cintra . CISCO fiserv. FOCUS BRANDS YAMATO INTUIT J.D. POWER KOMATSU HCA Cleveland Clinic Healthcare genpact Panasonic ENERGY KINDER MORGAN INC. MOLSON COORS © 2023 Palantir Technologies Inc. STRATEGIC LEGAL PRACTICES A PROFESSIONAL CORPORATION NAVISTAR® Hertz beverage company RENFROE SURFAIR Tampa TGH General Hospital. WesTrac CAT aramark MILLER*S ALE HOUSE AIP CONE HEALTH® ONE CPKC FUJITSU HENCE ד RBC sonnedix NYSE CONCORDANCE® HEALTHCARE SOLUTIONS AVISⓇ CardinalHealth™ SOMPOホールディングス UNITED WestRock ATD#10Q3 Business Update ናና AIPCON HIGHLIGHTS We've got patients' lives at stake, so the ability to have the tool show us exactly where it found the information ... is critically important. ናና We like to say that, 'We make what matters work.' Palantir is helping us. focus on what matters. ናና AIA It is important that in real-time we can send out help right away. So that we can not only make our operations more efficient, but it can save lives. Dr. Michael Schlosser, MD, MBA Brian Fifarek HCA+ SVP Care Transformation EATON Vice President Supply cintra Healthcare and Innovation Chain Digitalization © 2023 Palantir Technologies Inc. Jen Duthie Head of Innovation#11Q3 Business Update AIP BOOTCAMP AIP ↳ Bootcamp AIP BOOTCAMPS From 0 to Use Case in 5 days or less. Our new go-to-market approach for AIP We're on track to conduct AIP Bootcamps for more than 140 organizations by the end of November. These immersive, hands-on-keyboard sessions allow new and existing customers to build live alongside Palantir engineers, all working toward the common goal of deploying AI in operations. Outcomes 1/ Understand how to apply AI to mission-critical operations 2/ Develop initial use cases in AIP 3/ Onboard and train users for rollout © 2023 Palantir Technologies Inc.#12Q3 Business Update - BOOTCAMP TESTIMONIAL ናና AIP ➡Bootcamp I approached this engagement very critically [...] It's hard for someone to come in and build a product in one day, especially when we have been working with other entities for months and hadn't seen results. We worked with Palantir and got the results that we wanted in less than eight hours. We presented to our CEO the very next day. 7 Schedule an AIP Bootcamp today © 2023 Palantir Technologies Inc. Elliot Smith TRINITY INDUSTRIES, INC. Data Scientist#13Q3 Business Update GOVERNMENT WEB SERVICES Enabling frontline innovators to go further, faster. PALANTIR/SOFTWARE FOUNDATIONAL SOFTWARE OF TOMORROW. DELIVERED TODAY.TM EST. 2003 / PALO ALTO, CA HQ / DENVER, CO © COPYRIGHT ALL RIGHTS RESERVED By leveraging the technology built from our hard-earned experiences delivering to the government, our customers and partners can focus their attention on the next generation of development. Announcing Palantir Government WORLD-CLASS SOFTWARE FOR DATA ANALYTICS O & DATA-DRIVEN DECISION MAKING [✓] Web Services © 2023 Palantir Technologies Inc. Technical Annex PALANTIR TECHNOLOGIES INC. PALANTIR.COM#14Q3 Business Update FEDSTART FedStart transforms the usual 18 month, ~$2M accreditation process into something that can be done in as little as 6 weeks, and at a fraction of the cost. We're proud to welcome our 9 newest FedStart partners MANIFEST •III. Meaning © 2023 Palantir Technologies Inc. SPARTA SCIENCE CALYPSOAI Palantir ↳ FedStart ABACUS.AI NIH National Center for Advancing Translational Sciences drant || SPECTEROPS Primer#15Q3 Business Update FEDSTART At Palantir's Software for Government Summit, Mark Brunner shared how Primer Al is reshaping defense with Al solutions, overcoming access and accreditation challenges through Palantir's FedStart program. 66 Palantir's FedStart program gave us that one-stop shop and an economically viable platform to FedRAMP High. This is a game-changer initiative for a company like ours. Mark Brunner, President, Public Sector, Primer Al Watch his full keynote © 2023 Palantir Technologies Inc. Palantir ↳ FedStart#16Q3 Q Palantir ©2023 Palantir Technologies Inc. 2023 Financials оо OOOC#17Q3 Financials US commercial accelerated in Q3 2023 alongside AIP revolution +33% Y/Y US Commercial Revenue +13% Q/Q US Commercial Revenue +37% Y/Y US Commercial Customer Count +12% Q/Q US Commercial Customer Count 102 US Commercial Deals Closed +65% Q/Q US Commercial Deals Closed 10x 3-Year US Commercial Customer Count Growth $252M US Commercial TCV +55% Y/Y On a Dollar-Weighted Duration Basis © 2023 Palantir Technologies Inc. Total contract value ("TCV") is the total potential lifetime value of contracts entered into with, or awarded by, our customers at the time of contract execution. TCV presumes the exercise of all contract options available to our customers and no termination of contracts. However, the majority of our contracts are subject to termination provisions, including for convenience, and there can be no guarantee that contracts are not terminated or that contract options will be exercised. Dollar-weighted duration basis refers to the total value of contracts closed in the applicable period divided by the dollar-weighted average duration of those same contracts.#18Q3 Financials GAAP Net Income (Loss) We achieved GAAP profitability for the fourth consecutive quarter. Our Q3 2023 GAAP earnings per share was $0.03, up $0.09 Y/Y. $120.0M $60.0M © 2023 Palantir Technologies Inc. ($60.0M) ($120.0M) ($123.9M) $30.9M $16.8M $28.1M $71.5M Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023#19Q3 Financials GAAP Operating Income (Loss) We achieved GAAP operating profitability for the third $60.0M consecutive quarter. © 2023 Palantir Technologies Inc. $40.0M $20.0M $ ($17.8M) ($20.0M) ($40.0M) ($60.0M) ($62.2M) $10.1M $4.1M $40.0M Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023#20Q3 Financials US Commercial Revenue Growth US Government Revenue Growth $120M $100M $80M $60M $40M © 2023 Palantir Technologies Inc. $88M +33% $116M $250M Q3 2022 Q3 2023 $225M $200M $175M $150M +10% $209M $229M Q3 2022 Q3 2023#21Q3 Financials Commercial Revenue Growth $275M $250M +23% $225M $204M $200M $175M $150M $125M © 2023 Palantir Technologies Inc. Government Revenue Growth $325M $251M $300M Q3 2022 Q3 2023 +12% $274M $275M $250M $225M $200M $175M $308M Q3 2022 Q3 2023#22Q3 Financials Total revenue grew 17% Y/Y, driven by the continued acceleration of our US commercial business. Total Revenue Growth $550M © 2023 Palantir Technologies Inc. $500M $478M $450M $400M $350M $300M +17% $558M Q3 2022 Q3 2023#23Q3 Financials Average TTM Revenue per Top 20 Customers Billings $550M $54M $55M +8% $509M $500M +13% $50M $48M $45M $40M $35M $30M Q3 2022 Q3 2023 $450M $400M $350M $300M Q3 2022 © 2023 Palantir Technologies Inc. Average TTM revenue per customer is defined as (a) the Company's trailing twelve months of revenue as of each period divided by (b) the number of customers from which that period's revenue was derived. Average TTM revenue from our top twenty customers for each period presented is the average revenue recognized from the twenty customers with the greatest amount of revenue recognized in each respective period. Billings is defined as revenue plus the change in contract liabilities for the period presented. Please see the appendix for reconciliations of this and other non-GAAP financial measures to the most directly comparable GAAP measures. $550M Q3 2023#24Q3 Financials ADJ. GROSS MARGIN 82% 80% 81% 81% 82% Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 © 2023 Palantir Technologies Inc. Adjusted gross margin excludes stock-based compensation. Please see the appendix for reconciliations of this and other non-GAAP financial measures to the most directly comparable GAAP measures.#25Q3 Financials Q3 2023 adjusted operating income was $163M, representing a margin of 29% We continue to invest aggressively in AIP and the US while driving operating leverage at scale. • ADJUSTED OPERATING MARGIN $175M © 2023 Palantir Technologies Inc. $163M 29% $150M $135M $125M 25% $125M $114M 24% 22% $100M $81M $75M 17% $50M $25M Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023#26Q3 Financials Customer Count +34% Y/Y 500 400 300 200 100 337 +9% 367 +7% 391 +8% 421 +8% 453 Commercial Customer Count +45% Y/Y - 350 300 250 228 +14% 200 260 +8% 280 +8% 302 +9% 330 TTM ENDED SEP 30, 2022 TTM ENDED TTM ENDED TTM ENDED TTM ENDED TTM ENDED TTM ENDED TTM ENDED TTM ENDED TTM ENDED DEC 31, 2022 MAR 31, 2023 JUN 30, 2023 SEP 30, 2023 SEP 30, 2022 DEC 31, 2022 MAR 31, 2023 JUN 30, 2023 SEP 30, 2023 © 2023 Palantir Technologies Inc.#27Q3 Financials During Q3 2023, we closed 80 deals of at least $1 million. 29 of which were at least $5 million. 12 © 2023 Palantir Technologies Inc. The value of deals closed reflects the total contract value of contracts that have been entered into with, or awarded by, our government and commercial customers and includes existing contractual obligations and unexercised contract options available to those customers. of which were at least $10 million.#28Q3 Financials We ended Q3 2023 with $3.3B in cash, cash equivalents, and US treasury securities and no debt. Cash from Operations and Adjusted Free Cash Flow $150M $100M CASH FROM OPERATIONS $133M © 2023 Palantir Technologies Inc. ADJUSTED FREE CASH FLOW $47M $50M $37M $141M Q3 2022 Q3 2023 Q3 2022 Q3 2023#29Q3 Financials Q4 2023 For fourth quarter 2023, we expect: → Revenue of between $599 million - $603 million. → Adjusted income from operations of between $184 million - $188 million. → GAAP net income. © 2023 Palantir Technologies Inc. FY 2023 For full year 2023: → We are raising our revenue guidance to between ↑ $2.216 billion – $2.220 billion. We are raising our adjusted income from operations guidance to between $607 million - $611 million. – → We continue to expect GAAP net income in each quarter of this year.#30Q3 Q Palantir ©2023 Palantir Technologies Inc. 2023 Appendix оо OOOC#31Appendix Additional Metrics and Notes ($ MILLIONS) Total RPO Short-Term RPO Long-Term RPO Billings Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 $ 1,254 $ 973 $ 936 $ 968 $ 988 $ 555 $ 517 $ 529 $ 558 560 699 $ 456 $ 407 $ 410 428 $ 509 $ 387 $ 614 $ 603 Ś 550 Net dollar retention was 107% in Q3 2023, impacted primarily by the headwinds from our commercial business in continental Europe. Net dollar retention does not include revenue from new customers that we acquired in the past 12 months and is therefore not reflective of the recent acceleration in our US commercial business. © 2023 Palantir Technologies Inc. Net dollar retention is calculated as (a) revenue for the trailing twelve months as of each period attributable to the customers as counted for the prior trailing twelve months divided by (b) revenue for the prior trailing twelve months recognized from those same customers. Remaining performance obligations ("RPO") reflects the values of contracts that have been entered into with, or awarded by, our government and commercial customers and represents non-cancelable contracted revenue that has not yet been recognized, which includes deferred revenue and, in certain instances, amounts that will be invoiced. We have elected the practical expedient, as permitted under Accounting Standards Codification 606 - Revenue from Contracts with Customers, to not disclose remaining performance obligations for contracts with original terms of twelve months or less.#32Appendix Reconciliation of Cash Flow from Operating Activities to Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin Adjusted free cash flow margin is calculated as adjusted free cash flow divided by revenue ($ THOUSANDS) Cash Flow from Operating Activities Add: Cash Paid for Employer Payroll Taxes Related to Stock-Based Compensation Less: Cash Used to Purchase Property and Equipment Adjusted Free Cash Flow Adjusted Free Cash Flow Margin © 2023 Palantir Technologies Inc. Q3 2022 Q3 2023 TTM Q3 2023 $ 47,066 $ 133,443 $ 489,774 3,930 8,969 26,933 (14,436) (1,565) (15,172) $ 36,560 $ 140,847 $ 501,535 8% 25% 24%#33Appendix Reconciliation of Gross Profit to Adjusted Gross Profit & Adjusted Gross Margin Excluding Stock-Based Compensation Adjusted gross margin is calculated as adjusted gross profit divided by revenue ($ THOUSANDS) Gross Profit Add: Stock-Based Compensation Adjusted Gross Profit Adjusted Gross Margin © 2023 Palantir Technologies Inc. S Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 370,269 $ 404,313 $ 417,541 $ 426,418 $ 450,237 10,525 10,648 9,177 8,004 7,814 $ 380,794 $ 414,961 $ 426,718 $ 434,422 $ 458,051 80% 82% 81% 81% 82%#34Appendix Reconciliation of Income (Loss) from Operations to Adjusted Operating Income and Adjusted Operating Margin Excluding Stock-Based Compensation and Related Employer Payroll Taxes ($ THOUSANDS) Income (Loss) From Operations Add: Stock-Based Compensation Employer Payroll Taxes Related to Stock-Based Compensation Adjusted Operating Income Adjusted Operating Margin © 2023 Palantir Technologies Inc. Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 TTM Q3 2023 $ (62,191) $ (17,826) $ 4,115 $ 10,074 $ 39,983 $ 36,346 140,308 129,398 114,714 114,201 114,380 472,693 3,133 2,692 6,285 10,760 8,909 28,646 $ 81,250 $ 114,264 $ 125,114 $ 135,035 $ 163,272 $ 537,685 17% 22% 24% 25% 29% 25%#35Appendix Reconciliation of GAAP Net Earnings (Loss) Per Share, Diluted to Adjusted Earnings (Loss) Per Share, Diluted (AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Net Income (Loss) Attributable to Common Stockholders Add / (Less): Stock-Based Compensation Employer Payroll Taxes Related to Stock-Based Compensation Income Tax Effects and Adjustments [1] Adjusted Net Income Attributable to Common Stockholders Weighted-Average Shares Used in Computing GAAP Earnings (Loss) Per Share, Diluted Adjusted Weighted-Average Shares Used in Computing Adjusted Earnings Per Share, Diluted [2] Adjusted Earnings Per Share, Diluted [1] © 2023 Palantir Technologies Inc. [2] Income tax effect is based on an estimated long-term annual effective tax rate of 23.0% and 22.2% for the periods ended 2023 and 2022, respectively. The Company's estimated long-term annual effective tax rate excludes certain non-cash items, such as stock-based compensation, and is used in order to provide consistency across periods by eliminating the effects of certain items, such as changes in the tax valuation allowance. Includes an additional 69 million dilutive securities for the three months ended September 30, 2022 that were excluded from a GAAP perspective due to the Company's net loss position. Q3 2022 Q3 2023 $ (123,875) $ 71,505 140,308 114,380 3,133 8,909 (3,491) (39,775) 16,075 155,019 2,073,265 2,325,600 2,142,506 2,325,600 $ 0.01 Մ 0.07#36Appendix Reconciliation of Revenue to Billings ($ THOUSANDS) Revenue Change in Contract Liabilities Billings © 2023 Palantir Technologies Inc. Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 $ 477,880 $ 508,624 $ 525,186 $ 533,317 $ 558,159 30,807 (121,589) 88,614 69,952 (8,199) $ 508,687 $ 387,035 $ 613,800 $ 603,269 $ 549,960#37Appendix Reconciliation of Cost of Revenue and Total Operating Expenses to Adjusted Expenses ($ THOUSANDS) Total Expenses Less: Stock-Based Compensation Employer Payroll Taxes Related to Stock-Based Compensation Adjusted Expenses © 2023 Palantir Technologies Inc. Q3 2022 Q2 2023 Q3 2023 $ 540,071 $ 523,243 $ 518,176 140,308 114,201 114,380 3,133 10,760 8.909 $ 396,630 $ 398,282 $ 394,887