Palantir Results (PLTR) Q4 2021

Palantir Technologies CEO Alex Karp arrives at the “Tech for Good” summit in Paris, France, May 15, 2019.

Charles Platiau | Reuters

Shares of Palantir fell as much as 10% in premarket trading on Thursday after the company reported mixed fourth-quarter results.

Here are the key numbers:

  • Earnings per share (EPS): 2 cents, adjusted vs 4 cents estimated, according to a Refinitiv survey of analysts
  • Income: $433 million vs $418 million estimated, according to Refinitiv

Palantir said it expects $443 million in first-quarter revenue, while analysts expected around $439 million, according to Refinitiv. It continues to expect annual revenue growth of 30% or more through 2025.

It reported a net loss of $156.19 million in the quarter, higher than the net loss of $148.34 million recorded in the fourth quarter of 2020.

The software company, known for its work with government agencies, said it grew government revenue 26% year-over-year and added 34 net new customers in the fourth quarter.

It also said it closed 64 deals during the quarter of $1 million or more, including 27 of at least $5 million and 19 of at least $10 million.

Palantir expanded its business operations throughout 2021, growing business revenue 34% year-over-year to $645 million. US trade revenue alone grew 102% year-over-year, while growing US trade customers 4.7x to 80 customers.

Government revenues increased by 47% to $897 million in 2021.

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