Palantir Technologies Inc. Class A Common Stock (PLTR)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,793,910	1,497,320	1,202,480	740,126
Revenue	US$ in thousands	2,225,010	1,905,870	1,541,890	1,092,670
Gross profit margin		80.62%	78.56%	77.99%	67.74%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,793,910K ÷ $2,225,010K
= 80.62%

Palantir Technologies Inc.'s gross profit margin has shown a consistent upward trend over the past four years, indicating improving efficiency in generating profits from its core business operations. The company's gross profit margin increased from 67.74% in 2020 to 80.62% in 2023, reflecting a strong performance in managing its production costs and maximizing revenue generation. This upward trajectory suggests that Palantir has been successful in optimizing its pricing strategies, managing input costs, and possibly enhancing its product mix to generate higher profit margins. Overall, the increasing trend in gross profit margin signifies the company's ability to maintain profitability and create value for its shareholders.