Palantir reports Q1 revenue up 85% YoY to $1.63B, vs. $1.54B est., US government revenue up 84% to $687M, and US commercial revenue up 133% to $595M (Jaspreet Singh/Reuters)
Palantir reported a significant increase in Q1 revenue, reaching $1.63 billion, which marks an 85% year-over-year growth and surpasses the estimated $1.54 billion. The company saw strong growth in both U.S. government and commercial segments, with revenues of $687 million and $595 million respectively. U.S. government revenue rose 84% YoY, while U.S. commercial revenue surged 133% over the same period.
- ▪Palantir's Q1 revenue reached $1.63 billion, up 85% year-over-year.
- ▪The reported revenue exceeded the estimated $1.54 billion.
- ▪U.S. government revenue increased 84% YoY to $687 million.
- ▪U.S. commercial revenue grew 133% YoY to $595 million.
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