Palantir Technologies Inc. Class A Common Stock (PLTR)

Pretax margin

		Dec 31, 2024	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	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	489,173	514,882	437,701	326,985	237,091	168,693	-34,055	-240,839	-361,027	-522,058	-499,978	-467,478	-488,494	-521,248	-1,282,411	-1,247,682	-1,179,027	-1,178,528	-454,500	-477,665
Revenue (ttm)	US$ in thousands	2,865,507	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	1,204,580	1,092,673	999,940	901,115	825,546
Pretax margin		17.07%	19.46%	17.66%	14.01%	10.66%	7.94%	-1.67%	-12.13%	-18.94%	-28.53%	-28.66%	-28.38%	-31.68%	-36.42%	-96.54%	-103.58%	-107.90%	-117.86%	-50.44%	-57.86%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $489,173K ÷ $2,865,507K
= 17.07%

Palantir Technologies Inc. Class A Common Stock has shown a significant improvement in its pretax margin over the past few quarters. The company experienced negative pretax margins in fiscal year 2020 and the first half of fiscal year 2021, with the margin reaching as low as -117.86% in September 30, 2020. However, starting from March 31, 2023, the trend reversed, and the pretax margin turned positive, showing a steady increase quarter over quarter.

The pretax margin, which was at -12.13% in March 31, 2023, improved to 19.46% in September 30, 2024, indicating a strong performance in generating profits before taxes. This positive trend suggests that Palantir Technologies Inc. has been effectively managing its costs and expenses while increasing its revenues, leading to improved profitability. Continued monitoring of the pretax margin will be essential to assess the company's ongoing financial health and operational efficiency.