Published On: Tue, Aug 25th, 2020

Palantir and a good income mystery

As we write to we on Friday afternoon, a Palantir S-1 has nonetheless to drop, though TechCrunch did mangle some news regarding a imminent filing and only how large a association indeed is. Please pardon a retard quote, though here’s a reporting:

In screenshots of a breeze S-1 matter antiquated yesterday (August 20), Palantir is listed as generating revenues of roughly $742 million in 2019 (Palantir’s mercantile year is a calendar year). That income was adult from $595 million in 2018, a benefit of roughly 25%. […] Palantir lists a net detriment of roughly $580 million for 2019, that is roughly matching to a detriment in 2018. The association listed a net detriment commission of 97% for 2018, improving to a detriment of 78% for final year.

A few records from this. First, those waste are prosaic icky. Palantir was founded in 2003 or 2004 depending on who we read, that means that it’s an aged company. And it was using an effective -100% net domain in 2018? Yowza.

Second, what a flocking frack is that income number? Did we design to see Palantir come in with revenues of reduction than $1 billion? If we did, good done. After a torrent of articles over a years deliberating only how large Palantir had become, we was expecting a bit some-more (more here for context). Here are dual examples:

  • Reporting from TechCrunch that Palantir approaching “more than $1 billion in contracts” in 2014
  • Reporting from Bloomberg that Palantir had “booked deals totaling $1.7 billion in 2015”

Notably, Palantir’s genuine income result, or one really tighten to it, done it into Business Insider this April. The stating creates a company’s S-1 reduction of a consummate and some-more of a denouement. But, hey, we’re still blissful to have a filing.

The Exchange will have a full relapse of Palantir’s numbers Monday morning, though we consider what Palantir coverage over a years shows is that when companies decrease to share specific income total that are clear, only assume that what they do share is misleading. (ARR is fine, trailing income is fine, “contract” metrics are useless.)

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