#1Q2 Palantir Business Update O Ⓒ2022 Palantir Technologies Inc. 2022 оо#2Disclaimer Safe Harbor Ⓒ2022 Palantir Technologies Inc. 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 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 recent and potential investments in, and commercial contracts with, various entities, our expectations regarding macroeconomic events, 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; 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 U.S. 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.#3Q2 Business Update Q2 2022 Highlights → Revenue grew to $473 million in Q2 2022 → Customer count increased to 304, up from 169 a year ago → Our US business generated more than $1 billion in revenue on a TTM basis, 42% growth over the prior TTM → Our US commercial revenue grew 120% year-over-year We define a customer as an organization from which we have recognized revenue during the trailing twelve months ("TTM") period. Ⓒ2022 Palantir Technologies Inc.#4Q2 Business Update When it has to work, there is only Palantir. The A350 production ramp crisis Combatting the rise of ISIS external operations across Europe ● Powering emergency non-combatant evacuation operations from Afghanistan EDER Supporting mission outcomes for Ukraine and powering refugee relief Helped to identify $200 billion Russian money laundering operation 100 ● Powering Public Safety Power Shutoff program to mitigate wildfire risks Assisted FAA with minimizing air travel disruptions and maximizing passenger safety Driving UK PPE, hospital operations, and vaccinations across the NHS ● Powering the US vaccines program from clinical trials to jabs in arms JUTOM Ⓒ2022 Palantir Technologies Inc. • Supported risk management of multi- trillion-dollar mortgage portfolios through the Global Financial Crisis ● Autonomously remediated log4j vulnerabilities across 200+ environments with Apollo#5Q2 Business Update Palantir Healthcare - across commercial and government sectors - generated $153 million in revenue in the first half 2022, up from $42 million in the first half 2020, and representing a growth rate of 267%. → Pharmaceutical → Biotechnology → Insurers → Providers → Regulatory agencies → Research organizations For the purposes of this slide, Palantir Healthcare includes healthcare-related government and commercial customers, excluding strategic investment customers. Ⓒ2022 Palantir Technologies Inc. 42 C HITACH mm#6Q2 Business Update TAM Expansion 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Gotham 2022 [Redacted] 2021 EdgeAl, MetaConstellation, Titan 2020 JADC2 2019 Al-enabled mission command 2018 Readiness, logistics and back office functions 2017 Operations. (intelligence + operations) 2016 Law enforcement, justice cyber, and fraud 100 2015 Defense intelligence and J2 2014 All sources within intelligence community 2013 HUMINT within intelligence community I Foundry 2022 Edge Stream, Pipeline Builder 2021 OpsPl 2020 Simulation, Digital twins, Low-code/No-code, HyperAuto 2019 SSDI, ML, Modeling 2018 Analytics 2017 Data Platform Ⓒ2022 Palantir Technologies Inc. Apollo 2022 Control Center, Software Supply Chain, Observability & Monitoring, Cloud Portability, etc. 2021 Bringing customers' SaaS to any environment 2020 Bringing Palantir SaaS to any environment#7Q2 Business Update New products released since public listing. Apollo for customers' SaaS Fleet Map ● Edge Al 36521 ‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒ ++++ SHPLO X II 21 2 LINDA ‒‒‒‒ HyperAuto MetaConstellation Certain notional data in this document is Copyright © 2022 SAP SE or an SAP affiliate company. All rights reserved. Copyright © 2022 Palantir Technologies Inc. and / or affiliates. All rights reserved. The information in this document is proprietary and provided for informational purposes only and shall not create a warranty of any kind. Any data contained herein is notional. Cosmos 11111111 ● Pipeline Builder PHOT 80. OPIS DATA TEAMS OPERATIONS TEAMS Titan ANDURIL Ⓒ2022 Palantir Technologies Inc. ANALYTICS TEAMS#8ptime-keeper 1.23.1 Apollo is enabling SaaS companies to rapidly deploy into Sovereign clouds, DoD IL-5/6/TS Clouds, and into customer VPCs and premises to expand market access. Overview Events Libraries Monitors Security Activity CNTICALC a wa Q2 Business Update Medu Sed DETTE VARE 100 v L CVE-2021-3999 Q seal worl I compon when the of the buyer can the band who pay and formed with verity of indium, an automatic red will be applied for 30 days All data shown in product screenshots herein is notional and for illustration purposes only. & IRONMENTS QARCH SETTING Welcome to Apoli Recent My installations My inbox of alerts ‒‒‒ II ‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒‒ ‒‒‒‒‒‒‒‒ 1.901.0 ■ 1.000.0 ‒‒‒‒‒‒ ‒‒‒‒‒ PROD B www-100 BERGE time-keeper 1.23.1 Overview Events Libraries Monitors Security Activity I. II.... MT sche 20 OND UND 20 2122 2132 2133 15674 16 BADA 234 3123 3173 338 20 140 338 time-keeper 1.23.1 Overview Lbrain Moon Security Activity Environments ‒‒‒‒‒‒ → State Ⓒ2022 Palantir Technologies Inc. ▬▬▬▬▬▬▬▬▬▬ J son 3 i#9Q2 Business Update Nexus Peering – built more than a decade ago - is now enabling every DoD Program to use distributed data synchronization and data fabric. Ⓒ2022 Palantir Technologies Inc.#10Q2 Business Update Your future, built on Foundry. What AWS was in the last decade, Foundry will be in the next. Application Application Application Application Application Native multi-tenancy Versioned Pipelines XR? Application SDDI Application OPIS Application -‒‒‒‒‒‒‒‒‒‒‒‒‒‒ Application Native multi-tenancy Application Application Artifacts Ⓒ2022 Palantir Technologies Inc. Application#11Q2 Business Update Usage-Based Pricing Enabling IT to buy Foundry with a clear, transparent model that scales in predictable ways relative to usage and value → Enabling GSI partners to more successfully drive joint sales and deliver projects All data shown in product screenshots herein is notional and for illustration purposes only. < 90 +3 Resource Management Acme Corp All usage Investigate and understand resource consumption Usage accounts Group similar projects, objects or links for analysis/reporting Usage reports Download usage data by month/ quarter Export data 1, Download resource channel usage data in CSV format Queues Set limits on usage to control usage and costs All usage How much did I spend in total? How much did I spend over time? Jan 1 What drove data integration costs? CPU compute CPU and memory usage for individual jobs GPU compute GPU and memory usage for deploying machine leaming models Data integration Ontology Total spend ($) by usage categories Interactive compute Queries that are evaluated in real-time, usually as part of an interactive user session Catalog storage A general-purpose data store for datasets, branches and previous transactions Postgres storage A storage system that provides faster or more flexible queries What drove ontology costs? CPU compute CPU and memory usage for individual jobs Catalog storage A general-purpose data store for datasets, branches and previous transactions Highbury storage A storage system that provides improved ontology performance Ⓒ2022 Palantir Technologies Inc. Group by: Jan 31 Usage categories Usage accounts No 20.5% 20.5% Analyze data integration costs 20.596 الى 20.5% 20.5% 20.5% Analyze using currency 20.5% Total: $3,000,000 20.5% Data integration Ontology $950,000 $300,000 $750,000 $C SC Analyze ontology costs $1,000,000 $C so#12Q2 Business Update Investing in our growing developer community. → Making Foundry documentation and APIs publicly available → Enabling developers to explore Foundry for themselves → Supporting content creators across YouTube, Medium, Stack Overflow, and others All data shown in product screenshots herein is notional and for illustration purposes only. Palantir/ Documentation Documentation Getting started Platform overview APPLICATION BUILDING Overview What is an operational application? Connecting analytics to operations APPLICATIONS Workshop Overview Getting started Come concepto Layouts Widerts Variables Events Actions Overview Use Actions in Workshop Pemason issues Widget Button Group Functions Overview Use Functions in Workshop Scenarios Getting started Use an Action within Workshop o Tip The below section assumes familiarity with building Workshop modules. Please see this page for a Win Workshop, Actions can be exposed to users through a number of different sicgets, including Button Groups and the Create Action panel. The example below begins with a Flight inbox module and describes how to trigger Actions via a Button Group from within this Workshop module API Reference Deen Action in the Ant on Action wh Workshop CUTTING-EDGE FOUNDATIONAL SOFTWARE OF TOMORROW DELIVERED TODAY." EST. 2000/ PALO ALTO CA DENVER, CO 9 Home Foundry Palantir Developers 2.2K subscribers Videos Build with Palantir Developers Palantir 4Developers *20:06/0:53 Foundry Reference Project ►PLAY ALL Foundry Reference Project | Overview Palantir Code Repositories 8.5K views • 2 months ago сс Code Repositories Palantir ↳ Developers Playlists 4:57 Code Repositories | How to Write Incremental Data... Palantir Developers 1.2K views 1 month ago DE ►PLAY ALL Community Foundry Reference Project | Structure Palantir Developers 2.2K views 2 months ago сс D 8:20 Code Repositories | How to Unit Test PySpark in Palanti... Palantir Developers 1.6K views 2 months ago Channels Build with Palantir Developers 5,721 views 2 months ago Fondy Find us on Stack Overflow: https://stackoverflow.com/questions/t... About Welcome to the Palantir Developers channel. Subscribe to hear from engineers at Palantir, and catch the latest updates and tutorials to help you build and create more impact within Palantir Foundry. Foundry Reference Project | Data Pipeline Palantir Developers 1.6K views 2 months ago сс Code Repositories | How to Create a Python Library in... Palantir Developers 1.1K views 2 months ago Q 5:33 9 10:04 Foundry Reference Project | Ontology Palantir Developers 2K views 2 months ago сс Code Repositories | How to Consume a Library in Palant... Palantir Developers 1.1K views 2 months ago COPYRIGHT s PALANTER TECHNOLOGIES Ⓒ2022 Palantir Technologies Inc. ALL RIGHTS RESERVED. Palantir Developers 1.2K views 1 month ago Expectations In Foundry SUBSCRIBE Foundry Reference Project | Apps PLANTIROOM 11:17 Code Repositories | How to Use Data Expectations in... Palantir Developers 849 views 2 months ago#13Q2 Palantir Financials O Ⓒ2022 Palantir Technologies Inc. 2022 OO#14Q2 Financials US business generated TTM revenue of $1.04B for the period ended June 30, 2022, eclipsing the $1B threshold for the first time. Ⓒ2022 Palantir Technologies Inc. Total US Revenue Growth $300M $250M $200M $150M $100M $50M $200M Q2 2021 +45% $290M Q2 2022#15Q2 Financials Total Government Revenue Growth $300M $250M $200M $150M $100M $50M $232M Q2 2021 +13% $263M Q2 2022 Total Commercial Revenue Growth $250M $200M $150M $100M $50M $144M Q2 2021 +46% $210M Ⓒ2022 Palantir Technologies Inc. Q2 2022#16Q2 Financials We ended Q2 2022 with net dollar retention of 119% 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. For the purpose of the foregoing definition of net dollar retention, "customers as counted for the prior trailing twelve months" refers to applicable organizations from which we have recognized revenue during the trailing twelve months ended June 30, 2021. Ⓒ2022 Palantir Technologies Inc. Q2 revenue grew by 26% year-over-year to $473M $500M $400M $300M $200M $100M $376M Q2 2021 +26% $473M Q2 2022#17Q2 Financials Our total customer count grew 80% year-over-year. Ⓒ2022 Palantir Technologies Inc. We added 27 net new customers in Q2 2022, with total customers up 10% quarter-over-quarter 350 300 250 200 150 100 50 169 +20% TRAILING TWELVE MONTHS ENDED JUN 30, 2021 203 +80% 277 +17% TRAILING TWELVE MONTHS ENDED SEP 30, 2021 237 +17% TRAILING TWELVE MONTHS ENDED DEC 31, 2021 +10% TRAILING TWELVE MONTHS ENDED MAR 31, 2022 304 TRAILING TWELVE MONTHS ENDED JUN 30, 2022#18Q2 Financials Commercial Customer Count 250 200 150 100 50 79 TRAILING TWELVE MONTHS ENDED JUN 30, 2021 115 TRAILING TWELVE MONTHS ENDED SEP 30, 2021 147 TRAILING TWELVE MONTHS ENDED DEC 31, 2021 184 TRAILING TWELVE MONTHS ENDED MAR 31, 2022 203 TRAILING TWELVE MONTHS ENDED JUN 30, 2022 Average Revenue per Top 20 Customers $50M $45M $40M $35M : Average 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 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. $39M TRAILING TWELVE MONTHS ENDED JUNE 30, 2021 +17% Ⓒ2022 Palantir Technologies Inc. $46M TRAILING TWELVE MONTHS ENDED JUNE 30, 2022#19Q2 Financials Deals Closed 250 200 150 100 50 140 Q2 2021 +67% 234 Q2 2022 Billings $400M $300M $200M $100M Billings is defined as revenue plus the change in contract liabilities for the period presented. Please see the appendix for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures. $379M Q2 2021 +5% $396M Q2 2022 Ⓒ2022 Palantir Technologies Inc.#20Q2 Financials We ended Q2 2022 with $3.5B in total remaining deal value, up 4% year-over-year $3.5B $3.4B $3.3B : $3.4B Q2 2021 +4% $3.5B Q2 2022 Remaining performance obligations grew 79% year-over-year to $1.2B $1.25B $1B $750M $500M $250M $672M Q2 2021 +79% $1.2B Ⓒ2022 Palantir Technologies Inc. Q2 2022 Total remaining deal value is the total remaining value of contracts that have been awarded by our government and commercial customers and includes existing contractual obligations and unexercised contract options available to those customers. Total remaining deal value presumes the exercise of all contract options 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. Included in the $3.5 billion f total remaining deal value is the following activity as of June 30, 2022: 1) $755 million of maximum potential revenue from commercial contracts with corresponding approved investment agreements, less 2) $71 million f revenue recognized from such commercial contracts during the six months ended June 30, 2022, plus 3) $68 million of maximum potential revenue from commercial contracts entered into in connection with potential investment agreements that are subject to negotiation, approval, and execution. Remaining performance obligations represent 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 - allowing us to not disclose remaining performance obligations for contracts with original terms of twelve months or less.#21Q2 Financials Adjusted Gross Margins Adjusted Gross Margin 82% Q2 2021 82% Q3 2021 83% Q4 2021 81% Q1 2022 Adjusted gross margin excludes stock-based compensation. Adjusted gross margin is a non-GAAP financial measure. Please see the appendix for the reconciliation of this non-GAAP financial measure to the most directly comparable GAAP measure. 81% Q2 2022 Ⓒ2022 Palantir Technologies Inc.#22Q2 Financials We are continuing to invest in our business to position the company and our customers to win. Adjusted operating margin excludes stock-based compensation and related employer payroll taxes. Please see the appendix for reconciliations of this and other non-GAAP financial measures to the most directly comparable GAAP measures. Ⓒ2022 Palantir Technologies Inc. Q2 2022 adjusted operating income was $108M, representing a margin of 23% • Adjusted Operating Margin $125M $100M $75M $50M $25M $117M 31% Q2 2021 $108M 23% Q2 2022#23Q2 Financials We ended the second quarter of 2022 with $2.4B in cash and no debt. In July 2022, we closed a $450M delayed draw term loan, for a total undrawn credit facility of $950M, including our revolving credit facility, to add additional dry powder to our war chest. Adjusted free cash flow excludes employer payroll taxes related to stock-based compensation and purchases of property and equipment. Please see the appendix for a reconciliation of this non-GAAP financial measure to the most directly comparable GAAP measure. Ⓒ2022 Palantir Technologies Inc. Q2 2022 Adjusted Free Cash Flow and Cash from Operations $75M $50M $25M $61M ADJUSTED FREE CASH FLOW $62M CASH FROM OPERATIONS#24Q2 Financials Total US Revenue Growth $1.25B $1B $750M $500M $250M $737M +42% TRAILING TWELVE MONTHS ENDED JUNE 30, 2021 $1.04B TRAILING TWELVE MONTHS ENDED JUNE 30, 2022 TTM Revenue CAGR of 41% Since the Start of 2019 $2B $1.5B $1B $500M $743M +41% TRAILING TWELVE MONTHS ENDED DEC 31, 2019 Ⓒ2022 Palantir Technologies Inc. $1.7B TRAILING TWELVE MONTHS ENDED JUNE 30, 2022#25Q2 Business Update Guidance → Q3 2022 We expect revenue of between $474-$475M and adjusted income from operations of $54-$55 million → FY 2022 We now expect revenue of between $1.9-$1.902B and adjusted income from operations of $341-$343 million We are presently not guiding beyond FY 2022. Ⓒ2022 Palantir Technologies Inc.#26Q2 Palantir Appendix A O Ⓒ2022 Palantir Technologies Inc. 2022 оо#27Appendix A Commercial Commercial revenue growth year-over-year • Q2 2021 ● Q3 2021 28% 37% • Q4 2021 37% 47% Ⓒ2022 Palantir Technologies Inc. • Q1 2022 54% • Q2 2022 46% Commercial Customer Count 250 200 150 100 50 79 TRAILING TWELVE MONTHS ENDED JUN 30, 2021 115 TRAILING TWELVE MONTHS ENDED SEP 30, 2021 147 TRAILING TWELVE MONTHS ENDED DEC 31, 2021 184 TRAILING TWELVE MONTHS ENDED MAR 31, 2022 203 TRAILING TWELVE MONTHS ENDED JUN 30, 2022#28Appendix A US Commercial US Commercial revenue growth year-over-year • Q2 2021 ● Q3 2021 • Q4 2021 • Q1 2022 • Q2 2022 90% 103% 132% 136% 120% US Commercial Customer Count 125 100 75 50 25 34 TRAILING TWELVE MONTHS ENDED JUN 30, 2021 Ⓒ2022 Palantir Technologies Inc. 59 TRAILING TWELVE MONTHS ENDED SEP 30, 2021 80 TRAILING TWELVE MONTHS ENDED DEC 31, 2021 103 TRAILING TWELVE MONTHS ENDED MAR 31, 2022 119 TRAILING TWELVE MONTHS ENDED JUN 30, 2022 US Commercial (%) of Overall Revenue 20% 15% 10% 5% 10% TRAILING TWELVE MONTHS ENDED JUNE 30, 2021 17% TRAILING TWELVE MONTHS ENDED JUNE 30, 2022#29Appendix A Government Government revenue growth year-over-year • Q2 2021 • Q3 2021 66% 34% • Q4 2021 26% • Q1 2022 16% TTM revenue per customer is defined as (a) the Company's trailing twelve months of revenue for the respective segment as of each period end divided by (b) the number of customers in the respective segment from which that period's revenue was derived. Ⓒ2022 Palantir Technologies Inc. • Q2 2022 13% Government TTM Revenue per Customer $10M $10M $5M $3M TRAILING TWELVE MONTHS ENDED JUN 30, 2019 $5M TRAILING TWELVE MONTHS ENDED JUN 30, 2020 $9M TRAILING TWELVE MONTHS ENDED JUN 30, 2021 TRAILING TWELVE MONTHS ENDED JUN 30, 2022#30Q2 Palantir Appendix B O Ⓒ2022 Palantir Technologies Inc. 2022 оо#31Appendix B Reconciliation of Cash Flow from Operating Activities to Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin Adjusted free cash flow margin is calculated as adjusted free cash flow divided by revenue ($ 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 $ $ Q2 2021 22,750 27,770 (697) 49,823 13% Ⓒ2022 Palantir Technologies Inc. Q2 2022 $ 62,431 $ 3,933 (5,458) 60,906 13%#32Appendix B Reconciliation of Gross Profit to Adjusted Gross Profit and 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 Q2 2021 $ 284,716 24,029 $ 308,745 82% Q3 2021 $ 305,342 14,860 $ 320,202 82% Q4 2021 $ 345,304 13,680 $ 358,984 83% Q1 2022 $ 351,954 11,677 $363,631 81% Ⓒ2022 Palantir Technologies Inc. Q2 2022 $ 370,786 11,211 $ 381,997 81%#33Appendix B Reconciliation of Loss from Operations to Adjusted Operating Income and Adjusted Operating Margin Excluding Stock-Based Compensation and Related Employer Payroll Taxes ($ THOUSANDS) Loss from Operations Add: Stock-Based Compensation Employer Payroll Taxes Related to Stock-Based Compensation Adjusted Operating Income Adjusted Operating Margin Q2 2021 $ (146,148) $ 232,742 30,133 116,727 31% Ⓒ2022 Palantir Technologies Inc. Q2 2022 $ (41,745) 145,769 3,825 $ 107,849 23%#34Appendix B Reconciliation of GAAP Net Loss Per Share, Diluted to Adjusted Earnings (Loss) Per Share, Diluted (AMOUNTS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) GAAP Net Loss Add / (Less): Stock-Based Compensation Employer Payroll Taxes Related to Stock-Based Compensation Income Tax Effects and Adjustments [1] Adjusted Net Income (Loss) Attributable to Common Stockholders, Diluted Weighted-Average Shares Used in Computing GAAP Net Loss Per Share, Diluted Adjusted Weighted-Average Shares Used in Computing Adjusted Earnings (Loss) Per Share, Diluted [2] Adjusted Earnings (Loss) Per Share, Diluted [1] Income tax effect is based on an estimated long-term annual effective tax rate of 22.2% for the periods ended 2022 and 2021. 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. [2] There were no additional dilutive securities included for the three months ended June 30, 2022 and an additional 125 million dilutive securities for the six months ended June 30, 2022 that were excluded from a GAAP perspective due to the Company's net loss position. There was an additional 416 million and 465 million dilutive securities for the three and six months ended June 30, 2021, respectively, that were excluded from a GAAP perspective due to the Company's net loss position. $ $ $ Q2 2021 (138,580) 232,742 30,133 (26,340) 97,955 1,894,606 2,310,731 0.04 Ⓒ2022 Palantir Technologies Inc. $ $ $ Q2 2022 (179,329) 145,769 3,825 8,615 (21,120) 2,054,799 2,054,799 (0.01)#35Appendix B Reconciliation of Revenue to Billings ($ THOUSANDS) Revenue Change in Contract Liabilities Billings Q2 2021 $ 375,642 3,063 $ 378,705 Ⓒ2022 Palantir Technologies Inc. Q2 2022 $ 473,010 (76,927) $ 396,083#36Appendix B 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 Q1 2022 $ 485,796 149,323 7,506 $ 328,967 Ⓒ2022 Palantir Technologies Inc. $ $ Q2 2022 514,755 145,769 3,825 365,161