Jason M. LemkinCEO, SaaStr · Co-Founder of SaaStr AI, SaaStr Fund, Adobe Sign

Magical Transformation: How Palantir Went from Atrocious to Astonishing in SaaS

14 Jul 2024 · 0 min

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This content was created by Jason M. Lemkin. This content was uploaded by Jason M. Lemkin. This is a YouTube video titled "Magical Transformation: How Palantir Went from Atrocious to Astonishing in SaaS" created on July 14, 2024, featuring Jason M. Lemkin discussing Palantir's financial transformation before their IPO and the current state of SaaS metrics.

Questions this video answers

About 20% gross margins.

About 70% gross margins.

Palantir ran that playbook. Their metrics were atrocious. Before the IPO, they weren't even SaaS. They had, like, 20% gross margins. Forget our profits. Then, magically, their margins were in the 70 the year before the IPO, and they've done pretty well. Is there anything else positive that we should discuss in this week in SaaS? Again, we started off with some. With some tough news. And look, it was a terrible week, but there's more good news out there than bad. Multiples are down. That's not fun. But again, let me pull up our list.