In this video, I will be going over Palantir's (PLTR -2.63%) Q2 earnings and explain why they weren't such a disaster.

  • Palantir added 27 new clients this quarter, 19 commercial and eight governmental. Commercial clients currently account for only 44% of revenue. 
  • These results were obtained by 42 salespeople, less than 1.5% of the company. 
  • Net dollar retention (NDR) decreased from 125% to 119%. While this might look bad at first, the underlying numbers tell a different story, especially on the commercial side of things. 
  • Commercial revenue grew 46% year over year (YOY), whereas government revenue increased just 13% YOY. With these numbers, we can understand that commercial NDR is higher than the overall 119% given above. This is a good sign. 
  • The company has $2.4 billion in cash and no debt. 

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*Stock prices used were the closing prices of Aug. 12, 2022. The video was published on Aug. 14, 2022.