Palantir Technologies Inc. builds and deploys software platforms for integrating data, decisions, and operations at scale. Founded in 2003, the company initially developed software for the U.S. intelligence community to support counterterrorism efforts. Palantir has since expanded to serve commercial clients across various industries facing similar data integration challenges. The company offers four primary software platforms: Gotham, Foundry, Apollo, and AIP (Artificial Intelligence Platform). Gotham focuses on government applications, while Foundry serves as a central operating system for commercial clients. Apollo ensures continuous software delivery and updates, and AIP integrates AI capabilities with existing platforms. Palantir's platforms enable users of varying technical skills to collaborate, from data engineers and scientists to business users and senior leaders. Data security and privacy are prioritized through fine-grained access controls and metadata propagation.

• Employees: 3,735 (as of December 31, 2023)
• Geographic Footprint: Operates in various countries, with 35% of employees outside the U.S.
• Headquarters: Denver, Colorado
• Founded: 2003
• Number of locations/facilities: Leased properties in Denver, Palo Alto, New York City, Washington D.C., and London, plus other global offices.
• Revenue: $2.2 billion (FY2023)
• Key Subsidiaries/Brands: Palantir USG, Inc., Palantir Japan (majority-owned)

• CEO: Alexander C. Karp
• CFO: David Glazer
• Board Chair: Peter Thiel
• Other Key Executives: Stephen Cohen (President), Heather Planishek (Chief Accounting Officer), Lauren Friedman Stat

Alexander Karp is a co-founder and has been instrumental to the company's growth. Other key leaders' tenures and specific backgrounds are not detailed in the 10-K.

• Annual Revenue: $2.2 billion (FY2023)
• Net Income: $217.4 million (FY2023)
• Total Assets: $4.5 billion (FY2023)
• Key Financial Highlights: 17% YoY revenue growth, 81% gross margin, positive cash flow from operations.

Palantir offers four main software platforms:

• Gotham: Designed for government agencies, focusing on identifying patterns and facilitating responses to threats.
• Foundry: A central operating system for commercial organizations, enabling data integration and analysis.
• Apollo: Facilitates continuous software delivery and updates across various environments.
• AIP: Integrates AI capabilities, including large language models, with existing Palantir platforms.

Palantir operates in two main segments:

• Government: Serving U.S. and non-U.S. government agencies (55% of FY2023 revenue).
• Commercial: Serving non-government industries (45% of FY2023 revenue).

Palantir's strategy focuses on expanding its customer base in both government and commercial sectors, particularly targeting large-scale, complex data integration challenges. The company prioritizes long-term customer relationships and invests in pilot deployments to demonstrate platform value. Key initiatives include developing industry-specific operating systems and expanding access to its platforms through strategic partnerships with cloud providers and system integrators. Palantir also emphasizes rapid innovation and prioritizes customer outcomes over short-term financial results.

Palantir operates in the rapidly evolving data integration and analytics software market. The company faces competition from internal software development efforts of potential customers, as well as from large enterprise software companies, government contractors, system integrators, and emerging companies. Key competitive factors include platform capabilities, data security, ease of adoption, product innovation, pricing, customer experience, and brand reputation.

• Sustaining Profitability: Despite recent profitability, Palantir has a history of losses and faces challenges in maintaining profitability due to increasing operating expenses and the long and unpredictable sales cycle.
• Revenue Growth: Maintaining revenue growth is subject to macroeconomic factors, competition, and customer renewals.
• Customer Concentration: A limited number of customers account for a significant portion of revenue, posing a risk if these relationships are impaired.
• Security Breaches: Palantir's platforms handle sensitive data, making them potential targets for cyberattacks, which could harm reputation and lead to liabilities.
• Competition: The company faces intense competition from established and emerging players in the data integration and analytics market.