CLAIM #49427 · Palantir Technologies Inc. (PLTR) · 2022Q4 earnings call · Feb 13, 2023 · due Dec 31, 2023
“And as we look forward to 2023, the answer is yes there as well.”
Dave Glazer · CFO
In context
“y excited about this, excited about the interest and excited about bringing the fight to our adversaries. Ana Soro: Thanks, Alex. We received a few questions on SBC and dilution, including one from Christopher, who asks at what point is Palantir hoping to reduce SBC? Dave Glazer: Thanks, Christopher. We're laser-focused on SBC and we have been the last few years. If you go back to the quarter that we went public, Q3 of 2020, we had $849 million in that quarter of SBC. You go back to Q4 of 2022, just last quarter it was only $129 million. The last six quarters, we've been down sequentially each quarter with our SBC, and 2022 versus 2021 is down 27% year-over-year. Stepping back, the ultimate test around SBC is really like, are you GAAP profitable? And the answer now is yes. It's yes in Q4. And as we look forward to 2023, the answer is yes there as well. Equity overall, we want to make sure that we align our employees and our stockholders. And you sort of see that in the current results, which are all resulting in GAAP profitability. And so we plan to keep that alignment, to push on the top line, improve the margin and to stay GAAP profitable. Ana Soro: Thanks, Dave. This next question is for you, Ryan. Zachary asks, what are Palantir's primary goals for 2023? Ryan Taylor: Thanks, Zachary. We're planning to keep our heads down, keep doing what we've been doing, which means delivering to our customers on their critical missions with an eye towards long-term growth. And what that specifically means is continuing to focus on both top line and bottom line, our revenue growth, adjusted operating margins and delivering on GAAP profitability, as”
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SEC filings for PLTR ↗ · Claim quote is verbatim from the 2022Q4 earnings call.