Palantir Technologies Inc - Ordinary Shares - Class A

Exceptional Revenue Growth: Palantir reported Q4 2024 revenue of $828 million, reflecting a 36% year-over-year growth and exceeding guidance by over 900 basis points. Full-year revenue reached $2.87 billion, up 29% year-over-year. This strong performance was attributed to remarkable growth in the U.S. business, particularly in commercial sectors where revenue grew 64% year-over-year.

Strong U.S. Commercial Performance: The company’s U.S. commercial segment saw unprecedented demand, achieving a 54% year-over-year growth rate. The number of U.S. commercial customers grew by 73% to 382, indicating robust expansion and a strong pipeline of future revenue.

Guidance and Outlook: For FY 2025, Palantir projects total revenue between $3.741 billion and $3.757 billion, with a midpoint growth rate of 31%. Q1 2025 revenue is expected to be between $858 million and $862 million. The outlook suggests continued strong performance driven by the AI revolution, especially within the U.S. market.