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EX - 99.1 2 d51038dex991.htm EX - 99.1 Palantir Expects 40 % Revenue Growth in FY 2021 ; Q3 US Commercial Revenue up 103 % Y / Y 11/9/2021 DENVER ( BUSINESS WIRE ) — Palantir Technologies Inc. ( NYSE : PLTR ) today announced financial results for the third quarter ended September 30 , 2021 . Q3 2021 Highlights ● Total revenue grew 36 % year - over - year to $ 392 million Added 34 net new customers in Q3 Commercial customer count grew 46 % quarter - over - quarter US commercial revenue grew 103 % year - over - year Cash flow from operations of $ 101 million , representing a 26 % margin Adjusted free cash flow of $ 119 million , representing a 30 % margin Closed 54 deals of $ 1 million or more , of which : 33 deals are $ 5 million or more 18 deals are $ 10 million or more Total remaining deal value grew 50 % year - over - year to $ 3.6 billion GAAP net loss per share , diluted of $ ( 0.05 ) Adjusted earnings per share , diluted of $ 0.04 Q1 - Q3 2021 Highlights Total revenue grew 44 % year - over - year to $ 1.1 billion Commercial customer count increased 135 % since December 31 , 2020 Cash flow from operations of $ 240 million , representing a 22 % margin Adjusted free cash flow of $ 320 million , representing a 29 % margin Q3 2021 Financial Summary ( Amounts in thousands , except percentages and per share amounts ) Revenue Year - over - year growth Loss from Operations Adjusted Income from Operations Cash Flow from Operations Adjusted Free Cash Flow Net Loss Adjusted Net Income Adjusted EBITDA GAAP Net Loss Per Share , Diluted Adjusted Earnings Per Share , Diluted $ 392,146 Third Quarter 2021 Amount Amount $ ( 91,941 ) 36 % $ 116,109 $ 100,793 $ 119,133 $ ( 102,137 ) A A $ 82,079 $ 119,167 $ ( 0.05 ) 0.04 $ Margin ( 23 ) % 30 % 26 % 30 % Exhibit 99.1 30 %