The company has begun planning an initial public offering but hasn’t turned an annual profit in its 14-year history. It is trying to win more corporate customers, after years of flailing attempts, although some potential clients view Palantir as flippant toward business and are wary of its work for governments and intelligence agencies. It missed sales targets last year after hoped-for contracts fell through.
Source: Palantir Has a $20 Billion Valuation and a Bigger Problem: It Keeps Losing Money – WSJ