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	1,635	467.92	217.38	-371.09	-520.38
Depreciation & Amortization	26.15	31.59	33.35	22.52	14.9
Stock-Based Compensation	684.03	691.64	475.9	564.8	778.22
Other Adjustments	-0.39	32.82	-20.69	268.73	153.22
Change in Receivables	-450.43	-211.16	-106.16	-72.82	-35.24
Changes in Accounts Payable	4.66	96.79	21.06	-29.86	57.77
Changes in Accrued Expenses	-	-	-	5.53	15.25
Changes in Unearned Revenue	238.69	76.8	143.86	-110.63	-80.21
Changes in Other Operating Activities	-2.88	-32.53	-52.53	-53.44	-49.66
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
Purchases of Investments	-7,775	-5,402	-5,636	-124.5	-331.32
Proceeds from Sale of Investments	5,026	5,074	2,889	52.32	0.85
Payments for Business Acquisitions	-	-	-	-	-50.94
Other Investing Activities	-1	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 Long-Term Debt Issued (Repaid)	-	-	-	-	-200
Issuance of Common Stock	129.11	745.4	218.24	86.09	507.46
Repurchase of Common Stock	-74.99	-64.2	-	-	-
Net Common Stock Issued (Repurchased)	54.12	681.2	218.24	86.09	507.46
Other Financing Activities	-81.03	-217.84	0.6	-0.09	-0.71
Financing Cash Flow	-26.91	463.36	218.84	86	306.75
Effect of Exchange Rate Changes on Cash and Cash Equivalents	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%	-
FCF 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
Levered Free Cash Flow	1,858	622.2	340.46	-579.61	-774.97
Unlevered Free Cash Flow	1,627	456.93	240.62	-371.6	-492.47

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.