Palantir Technologies Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,625	462.19	209.83	-373.71	-520.38
Depreciation & Amortization	26.15	31.59	33.35	22.52	14.9
Loss (Gain) From Sale of Investments	21.23	19.31	13.16	272.11	73.31
Stock-Based Compensation	684.03	691.64	475.9	564.8	778.22
Other Operating Activities	-12	19.24	-26.3	-0.77	79.9
Change in Accounts Receivable	-450.43	-211.16	-106.16	-72.82	-35.24
Change in Accounts Payable	4.66	-18.84	-31.83	-29.86	57.77
Change in Unearned Revenue	238.69	22.36	79.51	-61.15	24.73
Change in Other Net Operating Assets	-2.88	137.55	64.72	-97.39	-139.36
Operating Cash Flow	2,134	1,154	712.18	223.74	333.85
Operating Cash Flow Growth	84.98%	62.02%	218.31%	-32.98%	-
Capital Expenditures	-33.88	-12.63	-15.11	-40.03	-12.63
Investment in Securities	-2,749	-322.41	-2,747	-72.18	-381.41
Other Investing Activities	-1	-5.62	51.07	66.78	-3.87
Investing Cash Flow	-2,784	-340.66	-2,711	-45.43	-397.91
Long-Term Debt Repaid	-	-	-	-	-200
Net Debt Issued (Repaid)	-	-	-	-	-200
Issuance of Common Stock	129.11	745.4	218.24	86.09	507.46
Repurchase of Common Stock	-156.1	-282.48	-	-	-
Other Financing Activities	0.09	0.44	0.6	-0.09	-0.71
Financing Cash Flow	-26.91	463.36	218.84	86	306.75
Foreign Exchange Rate Adjustments	7.48	-6.75	2.93	-3.89	-3.92
Net Cash Flow	-668.51	1,270	-1,777	260.42	238.77
Free Cash Flow	2,101	1,141	697.07	183.71	321.22
Free Cash Flow Growth	84.06%	63.72%	279.44%	-42.81%	-
Free Cash Flow Margin	46.94%	39.83%	31.33%	9.64%	20.83%
Free Cash Flow Per Share	0.82	0.47	0.30	0.09	0.17
Cash Income Tax Paid	-	16.18	13.52	2.9	4.13
Levered Free Cash Flow	1,261	924.91	661.58	299.77	474.38
Unlevered Free Cash Flow	1,261	924.91	661.58	299.77	476.65
Change in Working Capital	-209.96	-70.1	6.24	-261.22	-92.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.