Palantir Results Presentation Deck
Business Update
Total remaining deal value grew
50% year-over-year to $3.6 billion.
$4B
$3B
$2B
Q3 2021 Highlights
$1B
$2.4B
Q3 2020
+50%
$3.6B
Q3 2021
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 $3.6 billion of total remaining deal value is the following activity during the nine months ended September 30, 2021: 1) $640.2 million of maximum potential revenue from
commercial contracts entered into with corresponding approved investment agreements, less 2) $22 million of revenue recognized from such commercial contracts, plus 3) $218 million of
maximum potential revenue from commercial contracts entered into in connection with contemplated investment agreements that are subject to negotiation, approval, and execution.
Copyright © 2021 Palantir Technologies Inc. and/or affiliates.
Commercial deal value grew
101% year-over-year to $2.2 billion.
Remaining performance obligation
increased 172% to $874 million
year-over-year.
Remaining performance obligations represent noncancelable 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 ("ASC") 606 - Revenue from Contracts with Customers - allowing
us to not disclose remaining performance obligations for contracts with original terms of twelve months or less.View entire presentation