Palantir(NYSE:PLTR) 
Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sector...
Website: http://www.palantir.com
Founded: 2003
IPO Price: $10 (Sep 30, 2020)
Full Time Employees: 3,838 (Dec 2022)
Founder: Peter Thiel, Stephen Cohen, Joe Lonsdale, and Alex Karp
CEO: Alex Karp
Sector: Technology
Industry: Software-Infrastructure
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At a glance:
- Revenue Growth Moderating but Still Positive: Palantir has continued to grow revenue, with growth rates generally slowing from earlier highs as the business scales and comps get tougher.
- Profitability and Margins Improving: The company has shown meaningful progress on profitability, supported by operating leverage and expense discipline, with expanding operating margin versus prior periods.
- Commercial Momentum Increasing (Especially U.S.): Commercial customer growth and deal activity—particularly in the U.S.—has been a key focus area, helping diversify the business beyond government contracts.
- Government Segment Remains a Core Anchor: Government revenue continues to be an important and relatively stable base, though growth can be lumpy depending on contract timing and renewal/expansion cycles.
- Cash Generation Strengthening and Balance Sheet Solid: Palantir has improved cash flow generation over time and maintains a strong liquidity position with substantial cash and limited debt, supporting ongoing investment.
Bull Thesis:
- Strong AIP Adoption and AI Moat: Palantir's Artificial Intelligence Platform (AIP) is seeing rapid adoption across commercial and government clients, demonstrating its unique ability to integrate and operationalize AI for complex enterprise problems. This creates a significant competitive moat, as its technology is deeply embedded and difficult to replicate, offering a durable competitive advantage.
- Accelerating Commercial Growth and Diversification: The company continues to demonstrate robust growth in its commercial segment, successfully expanding beyond its traditional government client base. This diversification reduces reliance on government contracts and opens up a much larger total addressable market, indicating broader market acceptance and scalability of its platforms.
- Sustainable Profitability and Free Cash Flow Generation: Palantir has achieved consistent GAAP profitability and continues to generate strong positive free cash flow. This financial discipline indicates a maturing business model and a clear path to sustainable, profitable growth, reassuring investors about its long-term financial health and operational efficiency.
- Deeply Embedded Platforms and High Switching Costs: Palantir's platforms (Gotham, Foundry, AIP) are designed for deep integration into clients' core operations, making them incredibly sticky. Once implemented, the high switching costs and the critical nature of the data infrastructure create a durable revenue stream and strong customer retention, leading to predictable recurring revenue.
Bear Thesis:
- Premium Valuation Concerns: Despite recent growth and profitability, Palantir's stock trades at a significant premium compared to many enterprise software peers, particularly on a price-to-sales or price-to-earnings basis. This high valuation leaves little room for error and could be vulnerable to market corrections or slower-than-expected growth, posing a risk to investors.
- High Share-Based Compensation and Dilution: While the company reports positive free cash flow, a substantial portion of its compensation structure involves share-based compensation. This leads to ongoing shareholder dilution, which can offset some of the benefits of profitability and impact per-share earnings growth, potentially eroding shareholder value over time.
- Customer Concentration Risk: A significant portion of Palantir's revenue, particularly in the government sector, still comes from a relatively small number of large contracts. While diversifying, this concentration poses a risk, as the loss or non-renewal of a major client could materially impact revenue and growth projections, creating volatility.
- Increasing Competition in Enterprise AI: The rapidly evolving enterprise AI market is attracting significant competition from established tech giants (e.g., Microsoft, Google, AWS) and specialized AI startups. Palantir will need to continuously innovate and prove its unique value proposition to maintain its competitive edge and market share against well-funded rivals.
Main Competitors:
- Databricks (Lakehouse Platform (Delta Lake, MLflow, Apache Spark)), Databricks offers a unified data and AI platform (the 'Lakehouse') that combines the best aspects of data lakes and data warehouses. It competes with Palantir Foundry by providing comprehensive tools for data ingestion, processing, analytics, machine learning model development, and deployment, often appealing to organizations that prefer a more open, modular, and developer-centric approach to building their data and AI infrastructure.
- Amazon Web Services (AWS) ($AMZN) (S3, Redshift, Glue, SageMaker, QuickSight, Lake Formation), AWS, as a leading cloud provider, offers a vast suite of modular data, analytics, and AI/ML services. Organizations can use these services (e.g., S3 for storage, Redshift for data warehousing, Glue for ETL, SageMaker for ML, QuickSight for BI) to build custom data platforms and AI solutions that directly compete with Palantir's integrated offerings. While Palantir often runs on AWS infrastructure, AWS's native services provide an alternative 'build-your-own' path.
- C3.ai ($AI) (C3 AI Platform, C3 AI Applications), C3.ai provides an enterprise AI application development and operating platform, along with pre-built AI applications, primarily targeting industrial and complex enterprise use cases. It competes with Palantir Foundry by offering a platform for rapidly developing, deploying, and operating AI solutions at scale, often for similar high-value, data-intensive problems in sectors like energy, manufacturing, and defense.
- Snowflake ($SNOW) (Data Cloud (Data Warehouse, Data Lake, Data Exchange)), Snowflake offers a cloud-native data platform that provides data warehousing, data lakes, data engineering, and secure data sharing capabilities. It competes with Palantir by providing a robust foundation for data storage, processing, and analytics, which can be used by enterprises to manage their operational and analytical data, often serving as the core data infrastructure that Palantir's Foundry might otherwise provide or integrate with. Snowflake's growing ecosystem of partners and data applications also encroaches on Palantir's territory.
Moat:
Palantir's primary moat lies in its highly integrated, end-to-end data operating system approach, particularly its ability to handle complex, disparate data sources and provide actionable intelligence for mission-critical operations, especially in government and highly regulated industries. Its proprietary ontology layer (Apollo) and focus on operational AI are key differentiators. The competitive landscape is fierce, with cloud providers (like AWS, Azure, GCP) offering modular services for 'build-your-own' solutions, specialized data/AI platforms (like Databricks, Snowflake, C3.ai) providing best-of-breed components, and traditional system integrators building custom solutions. Palantir's challenge is to consistently demonstrate that its integrated platform delivers superior value, faster time-to-insight, and lower total cost of ownership compared to assembling solutions from various vendors or building them in-house, while leveraging its strong government ties and unique security clearances as significant barriers to entry in that sector.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 1,181,092,000 | 1,003,697,000 | 883,855,000 | 827,519,000 | 725,516,000 | 678,134,000 | 634,338,000 | 608,350,000 | 558,159,000 | 533,317,000 | 525,186,000 | 508,624,000 | 477,880,000 | 473,010,000 | 446,357,000 | 432,867,000 | 392,146,000 | 375,642,000 | 341,234,000 | 322,091,000 | 289,366,000 |
yoy | 62.79% | 48.01% | 39.34% | 36.03% | 29.98% | 27.15% | 20.78% | 19.61% | 16.80% | 12.75% | 17.66% | 17.50% | 21.86% | 25.92% | 30.81% | 34.39% | 35.52% | ||||
qoq | 17.67% | 13.56% | 6.81% | 14.06% | 6.99% | 6.90% | 4.27% | 8.99% | 4.66% | 1.55% | 3.26% | 6.43% | 1.03% | 5.97% | 3.12% | 10.38% | 4.39% | 10.08% | 5.94% | 11.31% | |
cost of revenue | 207,307,000 | 192,934,000 | 172,970,000 | 174,533,000 | 146,639,000 | 128,562,000 | 116,256,000 | 108,639,000 | 107,922,000 | 106,899,000 | 107,645,000 | 104,311,000 | 107,611,000 | 102,224,000 | 94,403,000 | 87,563,000 | 86,804,000 | 90,926,000 | 74,111,000 | 70,503,000 | 149,340,000 |
gross profit | 973,785,000 | 810,763,000 | 710,885,000 | 652,986,000 | 578,877,000 | 549,572,000 | 518,082,000 | 499,711,000 | 450,237,000 | 426,418,000 | 417,541,000 | 404,313,000 | 370,269,000 | 370,786,000 | 351,954,000 | 345,304,000 | 305,342,000 | 284,716,000 | 267,123,000 | 251,588,000 | 140,026,000 |
yoy | 68.22% | 47.53% | 37.21% | 30.67% | 28.57% | 28.88% | 24.08% | 23.60% | 21.60% | 15.00% | 18.64% | 17.09% | 21.26% | 30.23% | 31.76% | 37.25% | 118.06% | ||||
qoq | 20.11% | 14.05% | 8.87% | 12.80% | 5.33% | 6.08% | 3.68% | 10.99% | 5.59% | 2.13% | 3.27% | 9.19% | -0.14% | 5.35% | 1.93% | 13.09% | 7.24% | 6.59% | 6.17% | 79.67% | |
gross margin % | 82.45% | 80.78% | 80.43% | 78.91% | 79.79% | 81.04% | 81.67% | 82.14% | 80.66% | 79.96% | 79.50% | 79.49% | 77.48% | 78.39% | 78.85% | 79.77% | 77.86% | 75.79% | 78.28% | 78.11% | 48.39% |
operating expenses: | |||||||||||||||||||||
sales and marketing | 274,636,000 | 243,788,000 | 236,309,000 | 288,295,000 | 209,474,000 | 196,809,000 | 193,177,000 | 197,363,000 | 176,373,000 | 184,163,000 | 187,093,000 | 190,233,000 | 182,918,000 | 168,875,000 | 160,485,000 | 162,593,000 | 153,443,000 | 162,379,000 | 136,097,000 | 147,619,000 | 334,911,000 |
research and development | 144,191,000 | 135,043,000 | 134,889,000 | 171,502,000 | 117,555,000 | 108,781,000 | 110,040,000 | 109,283,000 | 105,708,000 | 99,533,000 | 90,100,000 | 82,044,000 | 100,863,000 | 88,171,000 | 88,601,000 | 84,176,000 | 94,316,000 | 110,524,000 | 98,471,000 | 94,130,000 | 313,915,000 |
general and administrative | 161,702,000 | 162,615,000 | 163,639,000 | 182,146,000 | 138,708,000 | 138,643,000 | 133,984,000 | 127,271,000 | 128,173,000 | 132,648,000 | 136,233,000 | 149,862,000 | 148,679,000 | 155,485,000 | 142,307,000 | 157,478,000 | 149,524,000 | 157,961,000 | 146,569,000 | 166,411,000 | 338,977,000 |
total operating expenses | 580,529,000 | 541,446,000 | 534,837,000 | 641,943,000 | 465,737,000 | 444,233,000 | 437,201,000 | 433,917,000 | 410,254,000 | 416,344,000 | 413,426,000 | 422,139,000 | 432,460,000 | 412,531,000 | 391,393,000 | 404,247,000 | 397,283,000 | 430,864,000 | 381,137,000 | 408,160,000 | 987,803,000 |
income from operations | 393,256,000 | 269,317,000 | 176,048,000 | 11,043,000 | 113,140,000 | 105,339,000 | 80,881,000 | 65,794,000 | 39,983,000 | 10,074,000 | 4,115,000 | -17,826,000 | -62,191,000 | -41,745,000 | -39,439,000 | -58,943,000 | -91,941,000 | -146,148,000 | -114,014,000 | -156,572,000 | -847,777,000 |
yoy | 247.58% | 155.67% | 117.66% | -83.22% | 182.97% | 945.65% | 1865.52% | -469.09% | -164.29% | -124.13% | -110.43% | -69.76% | -32.36% | -71.44% | -65.41% | -62.35% | -89.16% | ||||
qoq | 46.02% | 52.98% | 1494.20% | -90.24% | 7.41% | 30.24% | 22.93% | 64.55% | 296.89% | 144.81% | -123.08% | -71.34% | 48.98% | 5.85% | -33.09% | -35.89% | -37.09% | 28.18% | -27.18% | -81.53% | |
operating margin % | 33.30% | 26.83% | 19.92% | 1.33% | 15.59% | 15.53% | 12.75% | 10.82% | 7.16% | 1.89% | 0.78% | -3.50% | -13.01% | -8.83% | -8.84% | -13.62% | -23.45% | -38.91% | -33.41% | -48.61% | -292.98% |
interest income | 59,762,000 | 56,255,000 | 50,441,000 | 54,727,000 | 52,120,000 | 46,593,000 | 43,352,000 | 44,545,000 | 36,864,000 | 30,310,000 | 20,853,000 | 12,750,000 | 5,540,000 | 1,472,000 | 547,000 | 480,000 | 379,000 | 372,000 | 376,000 | 368,000 | 494,000 |
other income | 27,483,000 | 6,596,000 | -3,173,000 | 14,768,000 | -8,110,000 | -11,173,000 | -13,507,000 | -3,956,000 | 3,864,000 | -9,024,000 | -2,861,000 | 44,637,000 | -65,046,000 | -135,798,000 | -59,870,000 | -64,118,000 | -8,528,000 | 2,125,000 | -4,894,000 | 2,082,000 | -3,293,000 |
income before provision for income taxes | 480,501,000 | 332,168,000 | 223,316,000 | 80,538,000 | 157,150,000 | 140,759,000 | 110,726,000 | 106,247,000 | 79,969,000 | 30,043,000 | 20,832,000 | 37,849,000 | -122,779,000 | -176,741,000 | -99,356,000 | -123,182,000 | -100,699,000 | -144,241,000 | -120,372,000 | -155,936,000 | -861,862,000 |
provision for income taxes | 3,753,000 | 3,596,000 | 5,599,000 | 3,602,000 | 7,809,000 | 5,189,000 | 4,655,000 | 9,334,000 | 6,530,000 | 2,171,000 | 1,681,000 | 4,360,000 | 1,096,000 | 2,588,000 | 2,023,000 | 33,006,000 | 1,438,000 | -5,661,000 | 3,102,000 | -7,593,000 | -8,543,000 |
net income | 476,748,000 | 328,572,000 | 217,717,000 | 76,936,000 | 149,341,000 | 135,570,000 | 106,071,000 | 96,913,000 | 73,439,000 | 27,872,000 | 19,151,000 | 33,489,000 | -123,875,000 | -179,329,000 | -101,379,000 | -156,188,000 | -102,137,000 | -138,580,000 | -123,474,000 | -148,343,000 | -853,319,000 |
yoy | 219.23% | 142.36% | 105.26% | -20.61% | 103.35% | 386.40% | 453.87% | 189.39% | -159.28% | -115.54% | -118.89% | -121.44% | 21.28% | 29.40% | -17.89% | 5.29% | -88.03% | ||||
qoq | 45.10% | 50.92% | 182.98% | -48.48% | 10.16% | 27.81% | 9.45% | 31.96% | 163.49% | 45.54% | -42.81% | -127.03% | -30.92% | 76.89% | -35.09% | 52.92% | -26.30% | 12.23% | -16.76% | -82.62% | |
net income margin % | 40.37% | 32.74% | 24.63% | 9.30% | 20.58% | 19.99% | 16.72% | 15.93% | 13.16% | 5.23% | 3.65% | 6.58% | -25.92% | -37.91% | -22.71% | -36.08% | -26.05% | -36.89% | -36.18% | -46.06% | -294.89% |
less: net income attributable to noncontrolling interests | 1,149,000 | 1,845,000 | 3,686,000 | -2,073,000 | 5,816,000 | 1,444,000 | 541,000 | 3,522,000 | 1,934,000 | -255,000 | 2,349,000 | ||||||||||
net income attributable to common stockholders | 475,599,000 | 326,727,000 | 214,031,000 | 79,009,000 | 143,525,000 | 134,126,000 | 105,530,000 | 93,391,000 | 71,505,000 | 28,127,000 | 16,802,000 | ||||||||||
earnings per share attributable to common stockholders, basic | 0.2 | 0.14 | |||||||||||||||||||
earnings per share attributable to common stockholders, diluted | 0.18 | 0.13 | |||||||||||||||||||
weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, basic | 2,377,167 | 2,365,196 | |||||||||||||||||||
weighted-average shares of common stock outstanding used in computing earnings per share attributable to common stockholders, diluted | 2,571,057 | 2,562,912 | |||||||||||||||||||
net income per share | 0.09 | 0.04 | 0.06 | 0.06 | 0.05 | 0.05 | 0.03 | 0.01 | 0.01 | 0.02 | -0.06 | -0.09 | -0.05 | -0.08 | -0.05 | -0.07 | -0.07 | 0.24 | -0.94 | ||
net earnings per share attributable to common stockholders, diluted | 0.08 | 0.03 | 0.06 | 0.06 | 0.04 | 0.04 | 0.03 | 0.01 | 0.01 | ||||||||||||
weighted-average shares of common stock outstanding used in computing net earnings per share attributable to common stockholders, basic | 2,348,679 | 2,250,163 | 2,250,032 | 2,231,592 | 2,213,545 | 2,147,446 | 2,162,530 | 2,131,224 | 2,107,780 | ||||||||||||
weighted-average shares of common stock outstanding used in computing net earnings per share attributable to common stockholders, diluted | 2,552,818 | 2,450,818 | 2,459,589 | 2,414,696 | 2,400,107 | 2,297,927 | 2,325,600 | 2,278,155 | 2,217,439 | ||||||||||||
interest expense | -136,000 | -742,000 | -1,317,000 | -1,275,000 | -1,712,000 | -1,082,000 | -670,000 | -594,000 | -601,000 | -609,000 | -590,000 | -1,840,000 | -1,814,000 | -2,085,000 | |||||||
weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, basic | 2,063,793 | 2,073,265 | 2,054,799 | 2,036,307 | 1,923,617 | 1,964,395 | 1,894,606 | 1,821,158 | 977,721,736 | 905,462,010 | |||||||||||
weighted-average shares of common stock outstanding used in computing net loss per share attributable to common stockholders, diluted | 2,063,793 | 2,073,265 | 2,054,799 | 2,036,307 | 1,923,617 | 1,964,395 | 1,894,606 | 1,821,158 | 979,330,067 | 905,462,010 | |||||||||||
change in fair value of warrants | -9,201,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 |
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assets | |||||||||||||||||||||
current assets: | |||||||||||||||||||||
cash and cash equivalents | 1,615,967,000 | 929,547,000 | 993,464,000 | 2,098,524,000 | 768,710,000 | 512,659,000 | 520,388,000 | 831,047,000 | 1,040,310,000 | 1,055,923,000 | 1,264,738,000 | 2,598,540,000 | 2,411,290,000 | 2,358,393,000 | 2,269,411,000 | 2,290,674,000 | 2,335,068,000 | 2,341,156,000 | 2,339,437,000 | 2,011,323,000 | 1,800,190,000 |
marketable securities | 4,821,850,000 | 5,070,875,000 | 4,437,225,000 | 3,131,463,000 | 3,795,949,000 | 3,485,800,000 | 3,347,512,000 | 2,843,132,000 | 2,243,264,000 | 2,047,329,000 | 1,639,797,000 | 35,135,000 | 57,342,000 | 99,210,000 | 252,563,000 | 234,153,000 | 148,077,000 | ||||
accounts receivable | 1,005,910,000 | 747,484,000 | 725,205,000 | 575,048,000 | 668,110,000 | 659,339,000 | 486,986,000 | 364,784,000 | 430,269,000 | 375,756,000 | 254,041,000 | 258,346,000 | 343,264,000 | 265,826,000 | 256,554,000 | 190,923,000 | 174,405,000 | 242,998,000 | 151,400,000 | 156,932,000 | 162,269,000 |
prepaid expenses and other current assets | 142,429,000 | 142,487,000 | 126,705,000 | 129,254,000 | 119,193,000 | 115,712,000 | 81,178,000 | 99,655,000 | 95,554,000 | 97,906,000 | 85,625,000 | 133,312,000 | 114,157,000 | 150,885,000 | 115,042,000 | 110,872,000 | 112,624,000 | 41,648,000 | 61,755,000 | 51,889,000 | 388,165,000 |
total current assets | 7,586,156,000 | 6,890,393,000 | 6,282,599,000 | 5,934,289,000 | 5,351,962,000 | 4,773,510,000 | 4,436,064,000 | 4,138,618,000 | 3,809,397,000 | 3,576,914,000 | 3,256,147,000 | 3,041,577,000 | 2,946,610,000 | 2,902,439,000 | 2,927,374,000 | 2,863,250,000 | 2,811,490,000 | 2,662,552,000 | 2,589,698,000 | 2,257,429,000 | 2,394,424,000 |
property and equipment | 45,706,000 | 43,523,000 | 39,669,000 | 39,638,000 | 40,345,000 | 43,483,000 | 46,906,000 | 47,758,000 | 50,133,000 | 54,097,000 | 63,115,000 | 69,170,000 | 57,822,000 | 47,644,000 | 41,866,000 | 31,304,000 | 28,778,000 | 24,824,000 | 27,378,000 | 29,541,000 | 29,369,000 |
operating lease right-of-use assets | 204,315,000 | 203,474,000 | 209,348,000 | 200,740,000 | 211,570,000 | 213,453,000 | 173,707,000 | 182,863,000 | 190,191,000 | 199,661,000 | 210,019,000 | 200,240,000 | 199,359,000 | 211,410,000 | 224,888,000 | 216,898,000 | 220,846,000 | 209,243,000 | 213,331,000 | 217,075,000 | |
other assets | 277,783,000 | 228,298,000 | 205,301,000 | 166,217,000 | 164,220,000 | 161,434,000 | 150,402,000 | 153,186,000 | 143,696,000 | 149,592,000 | 141,762,000 | 137,701,000 | 94,142,000 | 92,198,000 | 95,829,000 | 96,386,000 | 116,422,000 | 117,135,000 | 111,845,000 | 106,921,000 | 93,576,000 |
total assets | 8,113,960,000 | 7,365,688,000 | 6,736,917,000 | 6,340,884,000 | 5,768,097,000 | 5,191,880,000 | 4,807,079,000 | 4,522,425,000 | 4,193,417,000 | 3,980,264,000 | 3,683,138,000 | 3,461,239,000 | 3,318,835,000 | 3,282,338,000 | 3,319,179,000 | 3,247,450,000 | 3,224,327,000 | 3,075,668,000 | 3,014,185,000 | 2,690,504,000 | 2,603,712,000 |
liabilities and equity | |||||||||||||||||||||
current liabilities: | |||||||||||||||||||||
accounts payable | 67,503,000 | 10,774,000 | 2,330,000 | 103,000 | 27,021,000 | 67,345,000 | 35,634,000 | 12,122,000 | 9,475,000 | 4,613,000 | 4,530,000 | 44,788,000 | 59,507,000 | 56,798,000 | 27,454,000 | 74,907,000 | 17,654,000 | 30,914,000 | 17,234,000 | 16,358,000 | 22,221,000 |
accrued liabilities | 381,737,000 | 393,623,000 | 371,061,000 | 427,046,000 | 265,244,000 | 195,489,000 | 206,034,000 | 222,991,000 | 174,753,000 | 184,617,000 | 174,525,000 | 172,715,000 | 164,697,000 | 187,568,000 | 150,176,000 | 155,806,000 | 179,467,000 | 166,252,000 | 181,603,000 | 158,546,000 | 466,999,000 |
deferred revenue | 316,722,000 | 376,784,000 | 318,556,000 | 259,624,000 | 236,608,000 | 278,441,000 | 237,195,000 | 246,901,000 | 223,507,000 | 260,335,000 | 229,551,000 | 183,350,000 | 189,771,000 | 219,441,000 | 218,521,000 | 227,816,000 | 208,100,000 | 194,511,000 | 186,498,000 | 189,520,000 | 172,066,000 |
customer deposits | 368,170,000 | 262,994,000 | 231,077,000 | 265,252,000 | 366,946,000 | 221,519,000 | 217,634,000 | 209,828,000 | 228,986,000 | 183,964,000 | 139,741,000 | 141,989,000 | 234,142,000 | 161,026,000 | 232,908,000 | 161,605,000 | 232,707,000 | 257,747,000 | 250,181,000 | 210,320,000 | 280,901,000 |
operating lease liabilities | 46,271,000 | 45,465,000 | 44,419,000 | 43,993,000 | 47,637,000 | 44,125,000 | 54,056,000 | 54,176,000 | 52,204,000 | 51,855,000 | 53,066,000 | 45,099,000 | 40,233,000 | 40,909,000 | 40,045,000 | 39,927,000 | 43,581,000 | 33,162,000 | 32,110,000 | 29,079,000 | |
total current liabilities | 1,180,403,000 | 1,089,640,000 | 967,443,000 | 996,018,000 | 943,456,000 | 806,919,000 | 750,553,000 | 746,018,000 | 688,925,000 | 685,384,000 | 601,413,000 | 587,941,000 | 688,350,000 | 665,742,000 | 669,104,000 | 660,061,000 | 681,509,000 | 682,586,000 | 667,626,000 | 603,823,000 | 942,187,000 |
deferred revenue, noncurrent | 43,901,000 | 44,638,000 | 36,372,000 | 39,885,000 | 7,825,000 | 15,649,000 | 20,722,000 | 28,047,000 | 34,880,000 | 50,408,000 | 54,400,000 | 9,965,000 | 31,383,000 | 34,143,000 | 33,244,000 | 40,217,000 | 26,723,000 | 40,518,000 | 44,998,000 | 50,525,000 | 67,064,000 |
customer deposits, noncurrent | 1,570,000 | 1,491,000 | 1,463,000 | 1,663,000 | 3,681,000 | 1,527,000 | 1,651,000 | 1,477,000 | 2,234,000 | 3,099,000 | 4,162,000 | 3,936,000 | 5,533,000 | 15,412,000 | 22,276,000 | 33,699,000 | 42,734,000 | 62,732,000 | 70,768,000 | 81,513,000 | 102,231,000 |
operating lease liabilities, noncurrent | 189,165,000 | 192,347,000 | 200,177,000 | 195,226,000 | 207,278,000 | 214,334,000 | 163,013,000 | 175,216,000 | 184,067,000 | 194,134,000 | 206,422,000 | 204,305,000 | 204,903,000 | 216,059,000 | 227,617,000 | 220,146,000 | 219,646,000 | 216,630,000 | 222,429,000 | 229,800,000 | |
other noncurrent liabilities | 10,652,000 | 12,008,000 | 12,489,000 | 13,685,000 | 14,495,000 | 15,645,000 | 9,968,000 | 10,702,000 | 11,414,000 | 12,101,000 | 13,548,000 | 12,655,000 | 2,051,000 | 2,158,000 | 2,192,000 | 2,297,000 | 5,659,000 | 4,239,000 | 4,236,000 | 4,316,000 | 42,724,000 |
total liabilities | 1,425,691,000 | 1,340,124,000 | 1,217,944,000 | 1,246,477,000 | 1,176,735,000 | 1,054,074,000 | 945,907,000 | 961,460,000 | 921,520,000 | 945,126,000 | 879,945,000 | 818,802,000 | 932,220,000 | 933,514,000 | 954,433,000 | 956,420,000 | 976,271,000 | 1,006,705,000 | 1,208,242,000 | 1,167,954,000 | 1,351,959,000 |
commitments and contingencies | |||||||||||||||||||||
palantir's stockholders’ equity: | |||||||||||||||||||||
common stock | 2,383,000 | 2,372,000 | 2,360,000 | 2,339,000 | 2,270,000 | 2,238,000 | 2,227,000 | 2,200,000 | 2,174,000 | 2,149,000 | 2,117,000 | 2,099,000 | 2,080,000 | 2,063,000 | 2,046,000 | 2,027,000 | 1,991,000 | 1,937,000 | 1,860,000 | 1,792,000 | 1,727,000 |
additional paid-in capital | 10,747,603,000 | 10,568,473,000 | 10,398,181,000 | 10,193,970,000 | 9,757,380,000 | 9,463,178,000 | 9,322,803,000 | 9,122,173,000 | 8,938,050,000 | 8,773,043,000 | 8,568,570,000 | 8,427,998,000 | 8,284,686,000 | 8,119,876,000 | 7,953,856,000 | 7,777,085,000 | 7,577,305,000 | 7,294,369,000 | 6,892,046,000 | 6,488,857,000 | 6,065,869,000 |
accumulated other comprehensive income | 11,537,000 | 4,721,000 | -2,994,000 | -5,611,000 | 4,925,000 | -4,935,000 | -5,720,000 | 801,000 | 65,000 | 865,000 | 1,168,000 | ||||||||||
accumulated deficit | -4,171,066,000 | -4,646,665,000 | -4,973,392,000 | -5,187,423,000 | -5,266,432,000 | -5,409,957,000 | -5,544,083,000 | -5,649,613,000 | -5,743,004,000 | -5,814,509,000 | -5,842,636,000 | -5,859,438,000 | -5,890,316,000 | -5,766,441,000 | -5,587,112,000 | -5,485,733,000 | -5,329,545,000 | -5,227,408,000 | -5,088,828,000 | -4,965,354,000 | -4,817,011,000 |
total stockholders’ equity | 6,590,457,000 | 5,928,901,000 | 5,424,155,000 | 5,003,275,000 | 4,498,143,000 | 4,050,524,000 | 3,775,227,000 | 3,475,561,000 | 3,190,015,000 | 2,955,474,000 | 2,723,733,000 | 2,565,326,000 | 2,386,615,000 | 2,348,824,000 | 2,364,746,000 | 2,291,030,000 | 2,248,056,000 | 2,068,963,000 | 1,805,943,000 | 1,522,550,000 | 1,251,753,000 |
noncontrolling interests | 97,812,000 | 96,663,000 | 94,818,000 | 91,132,000 | 93,219,000 | 87,282,000 | 85,945,000 | 85,404,000 | 81,882,000 | 79,664,000 | 79,460,000 | 77,111,000 | |||||||||
total equity | 6,688,269,000 | 6,025,564,000 | 5,518,973,000 | 5,094,407,000 | 4,591,362,000 | 4,137,806,000 | 3,861,172,000 | 3,560,965,000 | 3,271,897,000 | 3,035,138,000 | 2,803,193,000 | 2,642,437,000 | |||||||||
total liabilities and equity | 8,113,960,000 | 7,365,688,000 | 6,736,917,000 | 6,340,884,000 | 5,768,097,000 | 5,191,880,000 | 4,807,079,000 | 4,522,425,000 | 4,193,417,000 | 3,980,264,000 | 3,683,138,000 | 3,461,239,000 | 3,318,835,000 | 3,282,338,000 | 3,319,179,000 | 3,247,450,000 | 3,224,327,000 | 3,075,668,000 | 3,014,185,000 | ||
stockholders’ equity: | |||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||
accumulated other comprehensive loss | -7,205,000 | -5,209,000 | -4,318,000 | -5,333,000 | -9,835,000 | -6,674,000 | -4,044,000 | -2,349,000 | -1,695,000 | -2,745,000 | |||||||||||
restricted cash | 11,946,000 | 16,244,000 | 20,557,000 | 28,125,000 | 33,804,000 | 36,628,000 | 41,316,000 | 36,750,000 | 37,106,000 | 37,285,000 | 43,800,000 | ||||||||||
restricted cash, noncurrent | 12,095,000 | 12,551,000 | 20,902,000 | 28,647,000 | 29,222,000 | 39,612,000 | 46,791,000 | 61,914,000 | 71,933,000 | 79,538,000 | 86,343,000 | ||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||
debt, noncurrent | 198,185,000 | 197,977,000 | 197,753,000 | ||||||||||||||||||
preferred stock, 0.001 par value: 2,000,000 shares authorized and 0 shares issued and outstanding as of december 31, 2021 and 2020 | |||||||||||||||||||||
preferred stock, par value 0.001: 2,000,000 shares authorized and 0 issued and outstanding as of september 30, 2021 and december 31, 2020 | |||||||||||||||||||||
preferred stock, par value 0.001: 2,000,000 shares authorized and 0 issued and outstanding as of june 30, 2021 and december 31, 2020 | |||||||||||||||||||||
preferred stock, par value 0.001: 2,000,000 shares authorized and 0 issued and outstanding as of march 31, 2021 and december 31, 2020 | |||||||||||||||||||||
liabilities, redeemable convertible and convertible preferred stock, and stockholders’ equity | |||||||||||||||||||||
redeemable convertible preferred stock | |||||||||||||||||||||
convertible preferred stock, 0.001 par value: 0 and 877,442,966 shares authorized as of december 31, 2020 and 2019, respectively; 0 and 742,839,990 shares issued and outstanding as of december 31, 2020 and 2019, respectively | |||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||
preferred stock, 0.001 par value: 2,000,000,000 and 0 shares authorized, issued and outstanding as of december 31, 2020 and 2019 | |||||||||||||||||||||
treasury stock | |||||||||||||||||||||
total liabilities, redeemable convertible and convertible preferred stock, and stockholders’ equity | 2,690,504,000 | 2,603,712,000 | |||||||||||||||||||
convertible preferred stock, 0.001 par value: 0 and 877,442,966 shares authorized as of september 30, 2020 and december 31, 2019, respectively; 0 and 742,839,990 shares issued and outstanding as of september 30, 2020 and december 31, 2019, respectively; aggregate liquidation preference of 0 and 2,102,556 as of september 30, 2020 and december 31, 2019, respectively | |||||||||||||||||||||
preferred stock, par value 0.001: 2,000,000,000 and 0 shares authorized as of september 30, 2020 and december 31, 2019, respectively; 0 shares issued and outstanding as of september 30, 2020 and december 31, 2019 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||
net income | 476,748,000 | 328,572,000 | 217,717,000 | 76,936,000 | 149,341,000 | 135,570,000 | 106,071,000 | 96,913,000 | 73,439,000 | 27,872,000 | 19,151,000 | |||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||
depreciation and amortization | 5,975,000 | 6,530,000 | 6,622,000 | 7,006,000 | 8,087,000 | 8,056,000 | 8,438,000 | 7,972,000 | 8,663,000 | 8,399,000 | 8,320,000 | 7,373,000 | 5,942,000 | 4,895,000 | 4,312,000 | 3,840,000 | 3,058,000 | 4,762,000 | 3,237,000 | 3,563,000 |
stock-based compensation | 172,318,000 | 159,971,000 | 155,339,000 | 281,798,000 | 142,425,000 | 141,764,000 | 125,651,000 | 132,608,000 | 114,380,000 | 114,201,000 | 114,714,000 | 129,398,000 | 140,308,000 | 145,769,000 | 149,323,000 | 166,907,000 | 184,835,000 | 232,742,000 | 193,731,000 | 241,788,000 |
unrealized and realized loss from marketable securities | 5,457,000 | -11,140,000 | 10,688,000 | -6,715,000 | 5,979,000 | 7,688,000 | 12,354,000 | 1,350,000 | 732,000 | 2,570,000 | 8,508,000 | 11,388,000 | 59,379,000 | 138,498,000 | 62,843,000 | |||||
noncash consideration | -7,612,000 | -7,128,000 | -17,313,000 | -17,732,000 | -8,305,000 | -14,577,000 | -11,907,000 | -11,757,000 | -14,686,000 | |||||||||||
other operating activities | -10,700,000 | 23,002,000 | 3,531,000 | 5,680,000 | 30,203,000 | -4,314,000 | -6,774,000 | -16,121,000 | 4,489,000 | -6,475,000 | -11,342,000 | 4,333,000 | 6,022,000 | -927,000 | -2,751,000 | -354,000 | 2,516,000 | -211,000 | 771,000 | |
changes in operating assets and liabilities: | ||||||||||||||||||||
accounts receivable | -259,476,000 | -28,542,000 | -134,959,000 | 100,542,000 | -13,388,000 | -176,427,000 | -121,884,000 | 53,593,000 | -46,089,000 | -113,035,000 | -628,000 | 77,072,000 | -78,852,000 | -9,872,000 | -65,867,000 | -19,825,000 | 68,471,000 | -88,363,000 | 4,480,000 | 4,247,000 |
prepaid expenses and other assets | 57,650,000 | -48,037,000 | 40,730,000 | |||||||||||||||||
accounts payable and accrued liabilities | 42,380,000 | 25,807,000 | 22,395,000 | |||||||||||||||||
contract liabilities | 39,488,000 | 101,906,000 | 18,760,000 | |||||||||||||||||
other liabilities | -14,564,000 | -11,690,000 | -13,247,000 | |||||||||||||||||
net cash from operating activities | 507,664,000 | 539,251,000 | 310,263,000 | 460,327,000 | 419,772,000 | 144,187,000 | 129,579,000 | 301,172,000 | 133,443,000 | 90,192,000 | 187,376,000 | 78,763,000 | 47,066,000 | 62,431,000 | 35,477,000 | 93,427,000 | 100,793,000 | 22,750,000 | 116,881,000 | -18,288,000 |
capital expenditures | -6,792,000 | -7,634,000 | -6,184,000 | -3,106,000 | -3,985,000 | -2,879,000 | -2,664,000 | -4,860,000 | -1,565,000 | -3,934,000 | -4,755,000 | -4,918,000 | -14,436,000 | -5,458,000 | -15,215,000 | -5,844,000 | -5,378,000 | -697,000 | -708,000 | -4,761,000 |
free cash flows | 500,872,000 | 531,617,000 | 304,079,000 | 457,221,000 | 415,787,000 | 141,308,000 | 126,915,000 | 296,312,000 | 131,878,000 | 86,258,000 | 182,621,000 | 73,845,000 | 32,630,000 | 56,973,000 | 20,262,000 | 87,583,000 | 95,415,000 | 22,053,000 | 116,173,000 | -23,049,000 |
investing activities | ||||||||||||||||||||
purchases of property and equipment | -6,792,000 | -7,634,000 | -6,184,000 | -3,106,000 | -3,985,000 | -2,879,000 | -2,664,000 | -4,860,000 | -1,565,000 | -3,934,000 | -4,755,000 | -4,918,000 | -14,436,000 | -5,458,000 | -15,215,000 | -5,844,000 | -5,378,000 | -697,000 | -708,000 | -4,761,000 |
purchases of marketable securities | -3,515,282,000 | -871,511,000 | -1,704,720,000 | -1,977,214,000 | -1,634,584,000 | -523,788,000 | -1,260,327,000 | -844,736,000 | -1,854,731,000 | -626,572,000 | -2,310,367,000 | 0 | -35,000,000 | 0 | -89,500,000 | -153,000,000 | ||||
proceeds from sales and redemption of marketable securities | 3,707,565,000 | 302,135,000 | 350,627,000 | 2,622,129,000 | 1,317,843,000 | 381,789,000 | 751,746,000 | 280,370,000 | 1,660,032,000 | 239,407,000 | 709,459,000 | |||||||||
purchases of privately-held securities | -2,924,000 | |||||||||||||||||||
other investing activities | -30,000,000 | -1,615,000 | 0 | -20,000 | ||||||||||||||||
net cash from investing activities | 181,567,000 | -617,010,000 | -1,390,277,000 | 640,194,000 | -320,726,000 | -148,878,000 | -511,245,000 | -569,226,000 | -196,264,000 | -391,099,000 | -1,554,591,000 | 73,081,000 | -27,344,000 | 5,304,000 | -96,468,000 | -181,873,000 | -214,634,000 | -697,000 | -708,000 | -4,945,000 |
financing activities | ||||||||||||||||||||
proceeds from the exercise of common stock options | 25,638,000 | 28,617,000 | 66,584,000 | 475,189,000 | 170,337,000 | 16,030,000 | 83,840,000 | 51,409,000 | 50,556,000 | 90,349,000 | 25,924,000 | 13,981,000 | 24,567,000 | 20,316,000 | 27,225,000 | 32,772,000 | 97,995,000 | 167,828,000 | 208,860,000 | 219,356,000 |
repurchases of common stock | -19,195,000 | -18,596,000 | -17,998,000 | -18,598,000 | -18,899,000 | -17,699,000 | -9,000,000 | |||||||||||||
taxes paid related to net share settlement of equity awards | 0 | -3,544,000 | -77,573,000 | |||||||||||||||||
other financing activities | -8,000 | -27,000 | 90,000 | 353,000 | -11,000 | -306,000 | 408,000 | -177,000 | 384,000 | 335,000 | 59,000 | 176,000 | -576,000 | 291,000 | 16,000 | -307,000 | 1,343,000 | 762,000 | -2,506,000 | -247,000 |
net cash from financing activities | 6,435,000 | 6,450,000 | -28,897,000 | 238,664,000 | 151,427,000 | -1,975,000 | 75,248,000 | 51,232,000 | 50,940,000 | 90,684,000 | 25,983,000 | 14,157,000 | 23,991,000 | 20,607,000 | 27,241,000 | 32,465,000 | 99,338,000 | -31,410,000 | 206,354,000 | 219,109,000 |
effect of foreign exchange on cash, cash equivalents, and restricted cash | -2,074,000 | 7,538,000 | 3,980,000 | -7,705,000 | 5,908,000 | -924,000 | -4,024,000 | 5,043,000 | -258,000 | -4,531,000 | 2,676,000 | 8,585,000 | -6,129,000 | -5,614,000 | -727,000 | -280,000 | -2,142,000 | 701,000 | -2,197,000 | 1,937,000 |
net decrease in cash, cash equivalents, and restricted cash | 693,592,000 | -63,771,000 | -1,104,931,000 | -310,442,000 | -214,754,000 | -1,338,556,000 | ||||||||||||||
cash, cash equivalents, and restricted cash - beginning of period | 0 | 0 | 2,119,936,000 | 0 | 0 | 0 | 850,107,000 | 0 | 0 | 0 | 2,627,335,000 | 0 | 0 | 0 | 2,366,914,000 | 0 | 0 | 0 | 2,128,146,000 | |
cash, cash equivalents, and restricted cash - end of period | 693,592,000 | -63,771,000 | 1,015,005,000 | 1,331,480,000 | 256,381,000 | -7,590,000 | 539,665,000 | -211,779,000 | -12,139,000 | -214,754,000 | 1,288,779,000 | 174,586,000 | 37,584,000 | 82,728,000 | 2,332,437,000 | -56,261,000 | -16,645,000 | -8,656,000 | 2,448,476,000 | |
noncash operating lease expense | 9,198,000 | 9,602,000 | 10,073,000 | 12,366,000 | 12,209,000 | 12,086,000 | 11,888,000 | 10,836,000 | ||||||||||||
changes in operating assets and liabilities, net of effect of acquisitions: | ||||||||||||||||||||
prepaid expenses and other current assets | 26,749,000 | -16,773,000 | -22,173,000 | 19,399,000 | -6,122,000 | -1,166,000 | -882,000 | 1,973,000 | -20,217,000 | 30,571,000 | -32,031,000 | -4,320,000 | -3,057,000 | -20,642,000 | 22,523,000 | -9,753,000 | -2,131,000 | |||
other assets | 625,000 | -1,515,000 | 2,046,000 | 3,525,000 | 1,301,000 | 5,426,000 | 1,066,000 | -4,551,000 | -4,457,000 | 2,403,000 | 5,196,000 | 2,891,000 | 4,810,000 | 1,367,000 | -4,657,000 | -4,865,000 | -14,798,000 | |||
accounts payable | -26,551,000 | -45,662,000 | 29,563,000 | 23,809,000 | 555,000 | 6,670,000 | 864,000 | -39,921,000 | -14,694,000 | 4,820,000 | 27,419,000 | -47,404,000 | 56,609,000 | -13,431,000 | 14,538,000 | 51,000 | -5,309,000 | |||
accrued liabilities | 73,485,000 | 72,697,000 | -11,443,000 | -19,105,000 | 50,343,000 | -11,228,000 | 9,509,000 | 4,271,000 | 6,355,000 | -29,678,000 | 34,184,000 | -5,334,000 | -5,115,000 | 11,290,000 | -35,418,000 | 44,488,000 | 4,871,000 | |||
deferred revenue, current and noncurrent | 49,473,000 | -48,580,000 | 36,265,000 | -14,802,000 | 15,048,000 | -51,404,000 | 27,195,000 | 88,673,000 | -16,242,000 | -33,231,000 | 4,654,000 | -16,335,000 | 28,513,000 | -102,000 | 8,273,000 | -11,952,000 | 32,000 | |||
customer deposits, current and noncurrent | -105,017,000 | 147,651,000 | 3,853,000 | 7,953,000 | -19,925,000 | 44,128,000 | 42,256,000 | -2,112,000 | -93,734,000 | 63,577,000 | -79,136,000 | 59,822,000 | -88,717,000 | -44,895,000 | 7,843,000 | 20,825,000 | -90,711,000 | |||
operating lease liabilities, current and noncurrent | -13,761,000 | -11,427,000 | -8,296,000 | -15,482,000 | -11,863,000 | -12,164,000 | -15,067,000 | -10,536,000 | -7,153,000 | -10,106,000 | -6,943,000 | -10,388,000 | -9,370,000 | -6,991,000 | -8,663,000 | -7,132,000 | ||||
other noncurrent liabilities | -1,389,000 | -563,000 | 6,539,000 | -33,000 | -126,000 | 167,000 | -3,000 | 20,000 | 122,000 | -81,000 | -39,000 | -75,000 | -4,419,000 | -3,566,000 | ||||||
net increase in cash, cash equivalents, and restricted cash | -211,779,000 | 174,586,000 | 37,584,000 | 82,728,000 | -34,477,000 | -56,261,000 | -16,645,000 | -8,656,000 | 320,330,000 | 197,813,000 | ||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||
cash paid for income taxes | 4,992,000 | -106,000 | 715,000 | 659,000 | 163,000 | 2,547,000 | 878,000 | |||||||||||||
noncash investing and financing activities | ||||||||||||||||||||
accrued taxes related to net share settlement of equity awards | ||||||||||||||||||||
proceeds from sales of alternative investments | 0 | 0 | 0 | 51,072,000 | ||||||||||||||||
deferred income taxes | -143,000 | -17,000 | -11,000 | -3,000 | ||||||||||||||||
gain from step acquisition | ||||||||||||||||||||
business combinations, net of cash acquired | ||||||||||||||||||||
purchases of alternative investments | 0 | |||||||||||||||||||
principal payments on borrowings | 0 | 0 | 0 | |||||||||||||||||
cash paid for interest | 0 | 3,000 | 2,000 | 393,000 | 719,000 | 1,662,000 | ||||||||||||||
net loss | 33,489,000 | -123,875,000 | -179,329,000 | -101,379,000 | -156,188,000 | -102,137,000 | -138,580,000 | -123,474,000 | -148,343,000 | |||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||
non-cash operating lease expense | 10,179,000 | 9,884,000 | 10,104,000 | 10,142,000 | 10,404,000 | 8,982,000 | 7,958,000 | 6,477,000 | ||||||||||||
proceeds from the issuance of common stock, net of issuance costs | 0 | |||||||||||||||||||
proceeds from issuance of debt, net of borrowing costs | ||||||||||||||||||||
proceeds from sales of marketable securities | 17,473,000 | 10,762,000 | 8,247,000 | |||||||||||||||||
proceeds from redemption of marketable securities | ||||||||||||||||||||
impairment of assets held for sale | ||||||||||||||||||||
purchases of equity method investments | ||||||||||||||||||||
return of capital from equity method investment | ||||||||||||||||||||
proceeds from issuance of debt, net of issuance costs | 0 | |||||||||||||||||||
repurchase of common stock | 0 | |||||||||||||||||||
proceeds from the sale of redeemable convertible preferred stock | ||||||||||||||||||||
redemption of redeemable convertible preferred stock | ||||||||||||||||||||
repurchase of convertible preferred stock | ||||||||||||||||||||
unrealized loss from marketable securities | ||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||
supplemental disclosures of non-cash investing and financing information: | ||||||||||||||||||||
conversion of redeemable convertible and convertible preferred stock to common stock | ||||||||||||||||||||
receivable from the exercise of common stock options included in prepaid expenses and other current assets | ||||||||||||||||||||
conversion of convertible preferred stock warrants to common stock warrants | ||||||||||||||||||||
cashless net exercise of warrants for convertible preferred stock | ||||||||||||||||||||
change in fair value of warrants | 0 | |||||||||||||||||||
proceeds from the sale of assets held for sale | ||||||||||||||||||||
common stock issuance costs included in accounts payable and accrued liabilities | ||||||||||||||||||||
impairment of assets | 0 | |||||||||||||||||||
operating lease liability, current and noncurrent | ||||||||||||||||||||
deferred rent | ||||||||||||||||||||
purchase of assets held for sale | ||||||||||||||||||||
purchase of equity method investment | -434,000 | |||||||||||||||||||
cash, cash equivalents, and restricted cash—beginning of period | ||||||||||||||||||||
cash, cash equivalents, and restricted cash—end of period | ||||||||||||||||||||
amortization of debt issuance costs | ||||||||||||||||||||
loss from equity method investments |