Palantir Revenue By Country – U.S., U.K., France, etc.

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Palantir Technologies operates globally, with a presence in over 50 countries. Its software platforms are used by a wide range of clients, including government agencies, defense organizations, healthcare institutions, financial services, and manufacturing companies.

Palantir has offices and clients across North America, Europe, Asia, and other regions, enabling them to provide data solutions on a global scale.

This article looks at Palantir’s revenue breakdown by country. Palantir derives its revenue primarily from the United States. Apart from the U.S., it also generates significant sales in Europe. Let’s look at the details!

Investors interested in Palantir’s specific statistics may find more resources on these pages: Palantir revenue breakdown by segment, Palantir profit breakdown by segment, and Palantir debt.

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Definitions

To help readers understand the content better, the following terms and glossaries have been provided.

Revenue By Geography: Palantir defines its revenue by geography as sales based on the customer’s headquarters or agency location at the time of sale, according to the latest annual report.

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How Does Palantir Expand Its Global Reach?

Palantir Technologies expands its global operations through several strategic approaches:

1. Partnerships and Collaborations: Palantir forms strategic partnerships with various organizations, such as Rio Tinto in the mining industry, to integrate its platforms and enhance operational efficiency. These collaborations help Palantir enter new markets and sectors.

2. Product Innovation: Palantir continuously innovates its product offerings, such as the Artificial Intelligence Platform (AIP), to meet the evolving needs of its clients. This focus on cutting-edge technology attracts new customers and retains existing ones.

3. Bootcamps and Pilots: Palantir conducts bootcamps and pilot programs to demonstrate the capabilities of its platforms to potential clients. These initiatives help clients understand the value of Palantir’s solutions and encourage adoption.

4. Focus on Key Markets: Palantir targets specific markets, such as the U.S. commercial sector, where it has seen significant growth. By concentrating on these key markets, Palantir can tailor its strategies to meet local demands and drive expansion.

5. Customer Success: Palantir embeds its engineers deeply into a prospective customer’s business to integrate and optimize its platforms. This hands-on approach ensures that clients achieve desired outcomes, leading to positive word-of-mouth and further expansion.

6. Training and Education: Palantir provides extensive training and support to its clients to ensure they can fully utilize the software’s capabilities. This includes on-site training, webinars, and online resources, which help build a loyal customer base.

7. Scalable Infrastructure: Palantir’s platforms are designed to be scalable, allowing them to support small businesses to large enterprises and government agencies. This flexibility helps Palantir cater to a wide range of clients globally.

These strategies collectively help Palantir expand its global operations and establish a strong presence in the international market.

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Revenue From The U.S., U.K., France, etc.

palantir-revenue-by-country

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Palantir derives its revenue primarily from the United States Of America, the United Kingdom, France, etc. This section explains how Palantir defines its revenue by country: Palantir revenue by country.

Palantir generates the majority of its revenue from the United States, as shown in the chart above. In fiscal year 2023, Palantir earned $1.4 billion in revenue from the U.S., the largest among all countries. Similarly, in fiscal year 2022 and 2021, Palantir generated the highest revenue from the U.S. than any other countries, amounting to $1.2 billion and $0.9 billion, respectively.

Palantir’s second highest revenue source was from the United Kingdom, as shown in the chart above. However, Palantir’s revenue from the U.K. was significantly smaller than the U.S.

In fiscal year 2023, the company made just $235 million in revenue from the U.K., a far lower figure versus the $1.4 billion provided by the United States. In fiscal year 2022 and 2021, Palantir’s revenue from the U.K. reached $221 million and $173 million, respectively.

In France, Palantir made just $86 million in fiscal year 2021. In subsequent years, Palantir has ceased providing a separate revenue breakdown for France.

For the rest of the countries, Palantir generated substantial revenue, amounting to $612 million in fiscal year 2023.

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Percentage Of Revenue From The U.S., U.K., France, etc.

palantir-revenue-by-country-in-percentage

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Palantir derives its revenue primarily from the United States Of America, the United Kingdom, France, etc. This section explains how Palantir defines its revenue by country: Palantir revenue by country.

Palantir’s revenue from the U.S. has accounted for over 60% of the total. The revenue contribution from the U.S. increased to 62% in fiscal year 2023, up from 40% five years ago.

On the other hand, Palantir’s revenue from the U.K. made up only 10.6% of the total in fiscal year 2023. This ratio was down from 16.2% in 2019. In other words, the revenue contribution from the U.K. has been decreasing.

Palantir’s revenue contribution from France has experienced a similar decline. For example, the ratio was 10.3% in 2019. It was down to only 5.6% as of 2021. For your information, Palantir has ceased providing a separate revenue breakdown for France since 2022.

For the rest of the countries, the revenue contribution reached 27.5% in fiscal year 2023. This ratio has remained relatively stable in the last several years.

In short, the only country that has experience a significant increase in revenue contribution is the United States.

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Growth Rates Of Revenue From The U.S., U.K., France, etc.

palantir-growth-rates-of-revenue-by-country

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Palantir derives its revenue primarily from the United States Of America, the United Kingdom, France, etc. This section explains how Palantir defines its revenue by country: Palantir revenue by country.

From the revenue growth chart above, we can see that over the last several years, Palantir’s revenue from the U.S. has grown at significantly higher rates compared to other countries.

For example, between 2021 and 2023, Palantir’s revenue from the U.S. grew at an average annual rate of 35%, significantly higher than the U.K.’s average annual growth rate of 22%.

Conversely, Palantir’s revenue from France decreased by 12.3% in fiscal year 2021 compared to the previous year, making France the only country to experience a significant revenue decline.

Although Palantir’s revenue from the U.K. grew 31% and 27% in fiscal year 2021 and 2022, respectively, it grew just 6.5% in 2023, a significantly lower rate than the previous two years. Similarly, Palantir’s revenue growth in the U.S. also has significantly slowed recently, as shown in the chart above. For example, Palantir’s revenue in the U.S. grew just 18.7% in fiscal year 2023, the lowest rate ever measured since 2020.

For the Rest Of World region, Palantir’s revenue growth has averaged 27% annually between 2021 and 2023.

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Conclusion

To recap, Palantir gets the majority of its revenue from the United States of America, amounting to $1.4 billion or 62% of the total in fiscal year 2023.

The U.K. was Palantir’s second highest stream of revenue after the U.S., with revenue reaching $235 million in 2023 or 10.6% of the total.

Among all countries, Palantir’s revenue from the U.S. has grown at the highest rates, averaging around 35% annually between 2021 and 2023.

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References and Credits

1. All financial figures presented in this article were obtained and referenced from Palantir’s annual reports which are available in PLTR Financial Reports.

2. Pexels Images.

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