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Duhck | 6 months ago

Yes, but...

They also have one of the most profitable business models the world has ever seen. Their RPE (revenue per employee) is roughly $1mm and growing at a 50% YoY rate...

They heavily use technology as leverage for insane margin growth. 90% rule of 40 as well.

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elliotto|6 months ago

Yeah turns out leeching off the surveillance state makes heaps of money. Great business model

jesterson|6 months ago

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throwforfeds|6 months ago

> Their RPE (revenue per employee) is roughly $1mm and growing at a 50% YoY rate...

Meanwhile OnlyFans is at something like $30mm per employee, which is wild.

Jolter|6 months ago

I’m pretty sure that is not an apples-to-apples comparison. Most of the people producing value for OnlyFans are not employed at (or contractors for) OnlyFans. I’m sure other gig platforms also do really well ”per employee”. A comparison between them and Palantir makes little sense to me.

eCa|6 months ago

> Meanwhile OnlyFans is at something like $30mm per employee

Revenue 2023: $1.30 billion[1]

Employees: ~1000

So they are at Palantir levels, which still is wild.

[1] https://en.wikipedia.org/wiki/OnlyFans

anon191928|6 months ago

$1MM is nothing if you compare that to Valve or Hyperliquid.

so yeah not the top of chain

cowpig|6 months ago

How much of their revenue is from government contracts?

Is their profitable business model based on the fact that they're good at enabling & profiting from authoritarianism and corruption?

Temporary_31337|6 months ago

Have you looked at companies such as Jane's? Overall bigger market cap and RPE orders of magintude higher - don't fall for hype like everyone else, or at least check the numbers before saying 'most profitable', they are not even close.

oinfoalgo|6 months ago

They also are one of the most overvalued companies of all time right now.

The business model was completely stagnating before LLMs.

They are cashing in on the rush for large firms to wrangle data for LLMs but the entire concept of large firms and FDE has obvious scaling issues.

insane_dreamer|6 months ago

Yeah basically like Deloitte or BCG but with better, well paid engineers (instead of trying to outsource everything overseas to save $)

qaq|6 months ago

and yet they made a monstorus 214 mil in Q1 and Accenture Plc: $2.2 billion