CLAIM #49358 · Palantir Technologies Inc. (PLTR) · 2021Q4 earnings call · Feb 17, 2022 · due Feb 17, 2024
“There's essentially -- there's the -- how are we comping people, and there will be a normalization that will get us into a range where you would see in a software company within the next 18 months, latest 2 years.”
Alex Karp · CEO
In context
“ion. And so now there's a process of normalization. You're just going to see that in going forward on these calls just like how do you normalize, how do you provide data that people are going to look at, how do you provide data that people can understand that they're used to seeing, while simultaneously staying true to what our mission is. It's like our primary clients are the people we're serving. We're in full align with them. And that's why we survive even with the nascent sales force. You can get things to double, which is in sync. So then you get to stock-based comp, which is like, okay, so -- and there's 2 parts of it. Of course, IRI people kind of don't want me to do any kind of forward-looking math, but if you're smart enough to invest in talent, you're smart enough to figure out. There's essentially -- there's the -- how are we comping people, and there will be a normalization that will get us into a range where you would see in a software company within the next 18 months, latest 2 years. But there's essentially -- and that's going to take a little time. It is going to happen, because it's also very much linked to another question, which is how do you actually run the company so it's profitable someday on a GAAP basis, not stripping out comp. And that was also within eyesight. And those are our goals for Palantir because same reason we have no debt. The same reason we have $2.3 billion on our balance sheet. This is a company built for bad times. Bad times means strong finances internally. And that means at some point, you have to be GAAP profitable. You can't be GAAP profitable if you're diluting people or -- correctly your stock based comp is totally -- is not in conformity with other companies. So you're seeing a normalization. This will change. It will change in the rel”
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SEC filings for PLTR ↗ · Claim quote is verbatim from the 2021Q4 earnings call.