$PLTR
Some stats from earnings that went under-looked in Palantir's Q3 earnings but are very, very, very bullish for Palantir's growth trajectory:
- Average revenue per client went up for the SECOND quarter in a row, now at $2.38M/client ✅
- Stock based compensation is now BELOW 20% of revenues ✅
- Adjusted free cash flow is now going to be $1B+ in FY 2024, up from the low end expectations of $800M ✅
- Adjusted operating margins went to 38%, accelerating for the 5th quarter in a row ✅
Whatever happens to the stock will be up to how the market wants to price Palantir, but fundamentally the BUSINESS itself is growing in a very healthy way with a prioritization on margins, efficiency, and fiscal responsibility.
$4.6B in cash now with no debt gives Palantir one of the best balance sheets in the market.
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