Palantir Files For IPO, Revealing It Has Never Been Profitable - 2020-08-25

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F46.png Palantir Files For IPO, Revealing It Has Never Been Profitable August 25, 2020, Elana Lyn Gross, Forbes

The company revealed that in its 17-year history, it has never been profitable and might never be, saying, "We expect our operating expenses to increase, and we may not become profitable in the future."

Palantir has two software platforms, one for government agencies and the other for businesses and says it is selective, noting in the filing it generally will not work with businesses or governments "whose positions or actions we consider inconsistent with our mission to support Western liberal democracy and its strategic allies."

Palantir said its software is used across 36 industries and in more than 150 countries, excluding China, and that its government work is "central to defense and intelligence operations in the United States and its allies abroad."

Wikipedia cite:
{{cite news | first = Elana Lyn | last = Gross | title = Palantir Files For IPO, Revealing It Has Never Been Profitable | url = https://www.forbes.com/sites/elanagross/2020/08/25/palantir-files-for-ipo-revealing-it-has-never-been-profitable/ | work = Forbes | date = August 25, 2020 | accessdate = August 26, 2020 }}