Palantir Technologies Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,095	462.19	209.83	-373.71	-520.38	-1,166
Depreciation & Amortization	26.13	31.59	33.35	22.52	14.9	13.87
Loss (Gain) From Sale of Investments	-1.71	19.31	13.16	272.11	73.31	-
Stock-Based Compensation	769.43	691.64	475.9	564.8	778.22	1,271
Other Operating Activities	-14.47	19.24	-26.3	-0.77	79.9	18.94
Change in Accounts Receivable	-322.44	-211.16	-106.16	-72.82	-35.24	-108.48
Change in Accounts Payable	21.88	-18.84	-31.83	-29.86	57.77	-34.68
Change in Unearned Revenue	50.17	22.36	79.51	-61.15	24.73	-30.91
Change in Other Net Operating Assets	193.14	137.55	64.72	-97.39	-139.36	-259.67
Operating Cash Flow	1,818	1,154	712.18	223.74	333.85	-296.61
Operating Cash Flow Growth	82.72%	62.02%	218.31%	-32.98%	-	-
Capital Expenditures	-23.72	-12.63	-15.11	-40.03	-12.63	-12.24
Investment in Securities	-1,155	-322.41	-2,747	-72.18	-381.41	-
Other Investing Activities	-6.62	-5.62	51.07	66.78	-3.87	-2.68
Investing Cash Flow	-1,186	-340.66	-2,711	-45.43	-397.91	-14.92
Long-Term Debt Issued	-	-	-	-	-	199.37
Long-Term Debt Repaid	-	-	-	-	-200	-400
Net Debt Issued (Repaid)	-	-	-	-	-200	-200.63
Issuance of Common Stock	596.03	745.4	218.24	86.09	507.46	1,241
Repurchase of Common Stock	-373.78	-282.48	-	-	-	-
Other Financing Activities	0.41	0.44	0.6	-0.09	-0.71	-4.27
Financing Cash Flow	222.65	463.36	218.84	86	306.75	1,036
Foreign Exchange Rate Adjustments	1.74	-6.75	2.93	-3.89	-3.92	1.26
Net Cash Flow	856.37	1,270	-1,777	260.42	238.77	726.18
Free Cash Flow	1,794	1,141	697.07	183.71	321.22	-308.84
Free Cash Flow Growth	82.98%	63.72%	279.44%	-42.81%	-	-
Free Cash Flow Margin	46.04%	39.83%	31.33%	9.64%	20.83%	-28.27%
Free Cash Flow Per Share	0.70	0.47	0.30	0.09	0.17	-0.32
Cash Interest Paid	-	-	-	-	-	11.43
Cash Income Tax Paid	16.18	16.18	13.52	2.9	4.13	14.28
Levered Free Cash Flow	1,180	924.91	661.58	299.77	474.38	264.99
Unlevered Free Cash Flow	1,180	924.91	661.58	299.77	476.65	273.83
Change in Working Capital	-57.24	-70.1	6.24	-261.22	-92.1	-433.73

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