Q1 2021 Financial highlights:

Total revenue grew 49% year-over-year to $341 million
US commercial revenue grew 72% year-over-year
US government revenue grew 83% year-over-year
Cash flow from operations of $117 million, up $404 million year-over-year, and representing a 34% margin
Adjusted free cash flow of $151 million, up $441 million year-over-year, and representing a 44% margin
GAAP net loss per share, diluted of $(0.07)
Adjusted earnings per share, diluted of $0.04

Company Overview

Palantir Technologies Inc (NYSE:PLTR) is a big data solutions company based in Denver, Colorado that aims to streamline how we use data. Palantir currently has three products Gotham, Apollo and Foundry, each with a different intended user from anti-terrorist analysts to hedge funds to companies such as Airbus or Fiat Chrysler. Palantir software is currently being used in M&A, COVID-19 response, anti-money laundering, defense, intelligence and supply chain. The company was founded by Stephen Cohen, Nathan Dale Gettings, Joseph Lonsdale, Alexander C. Karp, and Peter Andreas Thiel in 2003.

Although the majority of analysts are currently proposing investors either hold or sell, big data will be a large part in the development of tech in the years to come hense the opportunity for growth.

Below are figures highlighting the financial position of Palantir and current analyst coverage.

Sources

https://www.wsj.com/market-data/quotes/pltr

https://investors.palantir.com/files/Palantir%20Q1%202021%20Business%20Update.pdf

Bloomberg