Palantir Technologies Inc. Class A Common Stock (PLTR)

Gross profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Gross profit (ttm)	US$ in thousands	2,146,242	2,017,602	1,894,448	1,793,907	1,698,509	1,618,541	1,562,909	1,497,322	1,438,313	1,373,386	1,287,316	1,202,485	1,108,769	943,453
Revenue (ttm)	US$ in thousands	2,646,338	2,478,981	2,334,164	2,225,012	2,125,286	2,045,007	1,984,700	1,905,871	1,830,114	1,744,380	1,647,012	1,541,889	1,431,113	1,328,333
Gross profit margin		81.10%	81.39%	81.16%	80.62%	79.92%	79.15%	78.75%	78.56%	78.59%	78.73%	78.16%	77.99%	77.48%	71.03%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,146,242K ÷ $2,646,338K
= 81.10%

The gross profit margin of Palantir Technologies Inc. Class A Common Stock has shown a generally increasing trend over the past quarters, indicating an improvement in the company's ability to generate profits from its core operations. The margin has consistently been above 70%, reflecting strong profitability in the company's sales after accounting for the cost of goods sold.

The gradual improvement in the gross profit margin can suggest efficient cost management, pricing strategies, or economies of scale within the business. The company's ability to maintain a high gross profit margin over time may indicate its competitive advantage and proficiency in delivering products or services at a cost that allows for healthy profitability. Overall, the consistent and relatively high gross profit margins are positive indicators of Palantir Technologies Inc.'s financial performance and operational efficiency.