Palantir Technologies Inc. (PLTR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 899.16M | 777.29M | 507.66M | 538.25M | 310.26M | 460.33M | 419.77M | 144.19M | 129.58M | 301.17M | 133.44M | 90.19M | 187.38M | 78.76M | 47.07M | 62.43M | 35.48M | 93.43M | 100.79M | 22.75M |
| Operating CF Margin % | 55.08% | 55.25% | 42.98% | 53.63% | 35.1% | 55.63% | 57.86% | 21.26% | 20.43% | 49.51% | 23.91% | 16.91% | 35.68% | 15.49% | 9.85% | 13.2% | 7.95% | 21.58% | 25.7% | 6.06% |
| Operating CF Growth % | 189.81% | 68.86% | 20.94% | 273.3% | 139.44% | 52.85% | 214.57% | 59.87% | -30.85% | 282.38% | 183.52% | 44.47% | 428.16% | -15.7% | -53.3% | 174.42% | -69.65% | 610.87% | 293.87% | - |
| Net Income | 876.4M | 608.68M | 476.75M | 328.57M | 217.72M | 76.94M | 149.34M | 135.57M | 106.07M | 96.91M | 73.44M | 27.87M | 19.15M | 33.49M | -123.88M | -179.33M | -101.38M | -156.19M | -102.14M | -138.58M |
| Depreciation & Amortization | 6.76M | 7.02M | 5.97M | 6.53M | 6.62M | 7.01M | 8.09M | 8.06M | 8.44M | 7.97M | 8.66M | 8.4M | 8.32M | 7.37M | 5.94M | 4.89M | 4.31M | 3.84M | 3.06M | 4.76M |
| Stock-Based Compensation | 201.59M | 196.41M | 172.32M | 159.97M | 155.34M | 281.8M | 142.43M | 141.76M | 125.65M | 132.61M | 114.38M | 114.2M | 114.71M | 129.4M | 140.31M | 145.77M | 149.32M | 166.91M | 184.84M | 232.74M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -143K | -17K | -11K | -3K | 0 | 2.5M | -4.01M |
| Other Non-Cash Items | -53.96M | 13.76M | -12.86M | 3.73M | -3.09M | -9.57M | 37.48M | -1.13M | 6.04M | -19.13M | 2.62M | -9.26M | 5.08M | -18.41M | 75.53M | 146.14M | 70.23M | 119.44M | 18.74M | 7.75M |
| Working Capital Changes | -131.63M | -48.56M | -134.52M | 39.44M | -66.32M | 104.16M | 82.44M | -140.07M | -116.62M | 82.8M | -65.66M | -51.02M | 40.11M | -72.95M | -50.83M | -55.04M | -87.01M | -40.57M | -6.2M | -79.91M |
| Change in Receivables | -360.97M | -27.45M | -259.48M | -28.54M | -134.96M | 100.54M | -13.39M | -176.43M | -121.88M | 53.59M | -46.09M | -116.37M | 2.71M | 77.07M | -78.85M | -9.87M | -65.87M | -19.82M | 68.47M | -88.36M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 80.79M | -85.92M | 42.38M | 25.81M | 22.39M | -26.55M | -45.66M | 48.67M | 4.7M | 555K | 6.67M | 864K | -39.92M | -14.69M | 4.82M | 27.42M | -47.4M | 56.61M | -13.43M | 14.54M |
| Cash from Investing | -26.72M | -957.83M | 181.57M | -617.01M | -1.39B | 640.19M | -320.73M | -148.88M | -511.25M | -569.23M | -196.26M | -391.1M | -1.55B | 73.08M | -27.34M | 5.3M | -96.47M | -181.87M | -214.63M | -697K |
| Capital Expenditures | -7.4M | -13.27M | -6.79M | -7.63M | -6.18M | -3.11M | -3.98M | -2.88M | -2.66M | -4.86M | -1.56M | -3.93M | -4.75M | -4.92M | -14.44M | -5.46M | -15.21M | -5.84M | -5.38M | -697K |
| CapEx % of Revenue | 0.45% | 0.94% | 0.58% | 0.76% | 0.7% | 0.38% | 0.55% | 0.42% | 0.42% | 0.8% | 0.28% | 0.74% | 0.91% | 0.97% | 3.02% | 1.15% | 3.41% | 1.35% | 1.37% | 0.19% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -944.56M | -3.92M | -40M | -30M | -1.61M | 0 | -4M | 0 | 0 | 0 | 0 | 0 | 66.78M | 0 | 0 | 0 | -3.02M | -3M | 0 |
| Cash from Financing | 3.4M | -10.9M | 6.43M | 6.45M | -28.9M | 238.66M | 151.43M | -1.98M | 75.25M | 51.23M | 50.94M | 90.68M | 25.98M | 14.16M | 23.99M | 20.61M | 27.24M | 32.47M | 99.34M | -31.41M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 4.9M | -10.93M | 9.42M | 10.02M | 48.59M | 456.59M | 151.44M | -17.7M | -9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -19.2M | -19.2M | -18.6M | -18M | -18.6M | -18.9M | -17.7M | -9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.5M | 30K | -2.99M | -3.57M | -77.48M | -217.93M | -11K | 15.72M | 84.25M | 51.23M | 50.94M | 90.68M | 25.98M | 14.16M | 23.99M | 20.61M | 27.24M | 32.47M | 99.34M | -31.41M |
| Net Change in Cash | 873.43M | -201.63M | 693.59M | -64.77M | -1.1B | 1.33B | 256.38M | -7.59M | -310.44M | -211.78M | -12.14M | -214.75M | -1.34B | 174.59M | 37.58M | 82.73M | -34.48M | -56.26M | -16.64M | -8.66M |
| Free Cash Flow | 891.76M | 764.02M | 501.87M | 531.62M | 304.08M | 457.22M | 415.79M | 141.31M | 126.92M | 296.31M | 131.88M | 86.26M | 182.62M | 73.84M | 32.63M | 56.97M | 20.26M | 87.58M | 95.42M | 22.05M |
| FCF Margin % | 54.62% | 54.31% | 42.49% | 52.97% | 34.4% | 55.25% | 57.31% | 20.84% | 20.01% | 48.71% | 23.63% | 16.17% | 34.77% | 14.52% | 6.83% | 12.04% | 4.54% | 20.23% | 24.33% | 5.87% |
| FCF Growth % | 193.27% | 67.1% | 20.7% | 276.21% | 139.59% | 54.3% | 215.28% | 63.82% | -30.5% | 301.26% | 304.16% | 51.4% | 801.3% | -15.69% | -65.8% | 158.35% | -82.56% | 479.99% | 278.28% | - |
| FCF per Share | 0.35 | 0.30 | 0.20 | 0.21 | 0.12 | 0.18 | 0.17 | 0.06 | 0.05 | 0.13 | 0.06 | 0.04 | 0.08 | 0.03 | 0.02 | 0.03 | 0.01 | 0.04 | 0.05 | 0.01 |
| FCF Conversion (FCF/Net Income) | 1.03x | 1.28x | 1.07x | 1.65x | 1.45x | 5.83x | 2.92x | 1.08x | 1.23x | 3.22x | 1.87x | 3.21x | 11.15x | 2.55x | -0.38x | -0.35x | -0.35x | -0.60x | -0.99x | -0.16x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3K | 2K | 0 | 393K | 719K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.99M | 1.64M | -106K | 715K | 659K | 543K | 163K | 2.55M |