Palantir Results Presentation Deck
02 Business Update
Q2 2023 Highlights
Third consecutive quarter of GAAP profitability; GAAP EPS of $0.01
Second consecutive quarter of GAAP operating profitability
→ GAAP operating margin of 2%, up 1,100 basis points Y/Y
Adjusted operating margin of 25%; third consecutive quarter of expanding margins
Cash from operations of $90 million; 17% margin
→ Adjusted free cash flow of $96 million; 18% margin
→ Revenue grew +13% Y/Y to $533 million
Surpassed trailing-twelve-month ("TTM") revenue of $2 billion
→ US commercial revenue grew +20% Y/Y to $103 million
→ US commercial customer count grew +35% Y/Y
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. Adjusted operating margin excludes stock-based compensation expense and related employer payroll taxes.
We define a customer as an organization from which we have recognized revenue during the trailing twelve months period. Please see the appendix for a reconciliation of these and other non-GAAP financial measures to the most directly comparable GAAP measures.
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