Palantir Technologies reported robust Q3 2024 financial results, with revenue increasing 30% year-over-year to $725.5 million. Net income surged to $149.3 million, up from $73.4 million in Q3 2023, while income from operations reached $113.1 million. The company maintained a strong gross margin of 80% and generated $693.5 million in operating cash flow for the first nine months of 2024.Government revenue grew 33% to $408.3 million, while commercial revenue rose 27% to $317.2 million compared to Q3 2023. U.S. commercial revenue showed particularly strong momentum, increasing 54% to $179.2 million. The company's customer base expanded to 629 customers by Q3 2024, up from 453 in the prior year period, with average revenue from top 20 customers reaching $60.1 million.Looking ahead, Palantir continues to invest in artificial intelligence capabilities, including its AIP platform, while maintaining strong cash position with $4.6 billion in cash and marketable securities. The company's Share Repurchase Program has approximately $954.4 million remaining authorization as of September 30, 2024, demonstrating confidence in its financial outlook and commitment to delivering shareholder value.

Palantir Technologies reported robust Q3 2024 financial results, with revenue increasing 30% year-over-year to $725.5 million. Net income surged to $149.3 million, up from $73.4 million in Q3 2023, while income from operations reached $113.1 million. The company maintained a strong gross margin of 80% and generated $693.5 million in operating cash flow for the first nine months of 2024.Government revenue grew 33% to $408.3 million, while commercial revenue rose 27% to $317.2 million compared to Q3 2023. U.S. commercial revenue showed particularly strong momentum, increasing 54% to $179.2 million. The company's customer base expanded to 629 customers by Q3 2024, up from 453 in the prior year period, with average revenue from top 20 customers reaching $60.1 million.Looking ahead, Palantir continues to invest in artificial intelligence capabilities, including its AIP platform, while maintaining strong cash position with $4.6 billion in cash and marketable securities. The company's Share Repurchase Program has approximately $954.4 million remaining authorization as of September 30, 2024, demonstrating confidence in its financial outlook and commitment to delivering shareholder value.