Palantir posted revenue of $341 million in the first quarter of 2021, up 49% year over year, according to the company’s press release. The company’s GAAP diluted net loss per share was $0.07 while adjusted EPS was $0.04.
Palantir’s commercial revenue in the US grew 72% year over year, while government revenue was up 83% year over year in the first quarter.
The company generated $117 million cash flow from operations, up to $404 million from the same period last year.
Adjusted free cash flow was $151 million, a gain of $441 million from the same period last year.
Palantir expects revenues to climb to $360 million in Q2, a 43% year over year jump.
The company expects an operating margin of 23% in Q2.
FY21-FY25 revenue is expected to grow 30% or more.
Palantir expects free cash flow exceeding $150 million in FY21.
Palantir stock is currently gaining. PLTR: NYSE is up 6.28%.
