Palantir Technologies Inc. (NASDAQ:PLTR) today announced financial results for the first quarter ended March 31, 2025.
“Our Rule of 40 score increased to 83% in the last quarter, once again breaking the metric. We are in the middle of a tectonic shift in the adoption of our software, particularly in the U.S. where our revenue soared 55% year-over-year, while our U.S. commercial revenue expanded 71% year-over-year in the first quarter to surpass a one-billion-dollar annual run rate,” said Alexander C. Karp, co-founder and chief executive officer of Palantir Technologies. “We are delivering the operating system for the modern enterprise in the era of AI. Consequently, we are raising our full-year guidance for total revenue growth to 36% and our guidance for U.S. commercial revenue growth to 68%.”
Q1 2025 Highlights
- U.S. revenue grew 55% year-over-year and 13% quarter-over-quarter to $628 million
- U.S. commercial revenue grew 71% year-over-year and 19% quarter-over-quarter to $255 million
- U.S. government revenue grew 45% year-over-year and 9% quarter-over-quarter to $373 million
- Revenue grew 39% year-over-year and 7% quarter-over-quarter to $884 million
- Closed 139 deals of at least $1 million, 51 deals of at least $5 million, and 31 deals of at least $10 million
- Booked our highest quarter of U.S. commercial total contract value (“TCV”) of $810 million, up 183% year-over-year
- U.S. commercial remaining deal value (“RDV”) of $2.32 billion, up 127% year-over-year and 30% quarter-over-quarter
Outlook
For Q2 2025, we expect:
- Revenue of between $934 – $938 million.
- Adjusted income from operations of between $401 – $405 million.
For full year 2025:
- We are raising our revenue guidance to between $3.890 – $3.902 billion.
- We are raising our U.S. commercial revenue guidance to in excess of $1.178 billion, representing a growth rate of at least 68%.
- We are raising our adjusted income from operations guidance to between $1.711 – $1.723 billion.
Explore RevTech News for the latest advancements in Revenue, Business & Marketing Operations with insightful updates from industry experts!
Source: https://finance.yahoo.com/news/palantir-reports-q1-2025-revenue-200500672.html