Morgan Stanley Says Palantir Stock Can Keep Accelerating Revenue Growth. Load Up on PLTR Here.
Cash generation stayed solid as well. Net cash provided by operating activities increased 69% compared with the previous year, and adjusted free cash flow grew 53% to $791.4 million. Overall, Palantir closed the quarter holding $1.42 billion in cash while carrying just $45.86 million in short-term debt.Commercial revenue continued to narrow the difference with government revenue. In the United States, commercial revenue jumped 137% to $507 million, while government revenue advanced 66% to $570 million. The ...