Operating

Increase (Decrease) in Prepaid Expense and Other Assets

Palantir Technologies Inc. Increase (Decrease) in Prepaid Expense and Other Assets decreased by 2898.9% to -$49.06M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 20.5%, from -$40.73M to -$49.06M. Over 2 years (FY 2021 to FY 2025), Increase (Decrease) in Prepaid Expense and Other Assets shows a downward trend with a 117.6% CAGR.

Analysis

StatementCash Flow Statement
SectionOperating
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ1 2018
Last reportedQ1 2026May 5, 2026

How to read this metric

An increase represents a cash outflow for future benefits, while a decrease represents the realization of previously paid expenses, effectively freeing up cash flow.

Detailed definition

This tracks changes in prepayments for goods or services that will be consumed in future periods. An increase in these a...

Peer comparison

Standard working capital metric; peers will show similar fluctuations based on their procurement and service contract cycles.

Metric ID: operating_increase_decrease_in_prepaid_deferred_expense__313362

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value-$22.52M$20.64M$3.10M$4.32M$30.50M$20.31M-$1.25M$161.00K$1.17M$2.88M-$22.92M$18.29M-$27.37M-$40.73M$48.04M-$57.65M-$1.64M-$49.06M
QoQ Change+191.6%-85.0%+39.3%+606.0%-33.4%-106.2%+112.9%+624.2%+147.0%-896.0%+179.8%-249.7%-48.8%+217.9%-220.0%+97.2%<-999%
YoY Change+235.4%+554.9%-129.0%-99.5%-85.8%<-999%>999%<-999%-77.7%-415.2%+94.0%-20.5%
Range-$57.65M$48.04M
CAGR+20.1%
Avg YoY Growth-104.7%
Median YoY Growth-81.7%

Frequently Asked Questions

What is Palantir Technologies Inc.'s increase (decrease) in prepaid expense and other assets?
Palantir Technologies Inc. (PLTR) reported increase (decrease) in prepaid expense and other assets of -$49.06M in Q1 2026.
How has Palantir Technologies Inc.'s increase (decrease) in prepaid expense and other assets changed year-over-year?
Palantir Technologies Inc.'s increase (decrease) in prepaid expense and other assets decreased by 20.5% year-over-year, from -$40.73M to -$49.06M.
What is the long-term trend for Palantir Technologies Inc.'s increase (decrease) in prepaid expense and other assets?
Over 2 years (2021 to 2025), Palantir Technologies Inc.'s increase (decrease) in prepaid expense and other assets has grown at a 117.6% compound annual growth rate (CAGR), from $10.97M to -$51.98M.
What does increase (decrease) in prepaid expense and other assets mean?
The net change in cash spent on expenses paid in advance.