Palantir Technologies Inc.
Q3 2022 Earnings Call
Nov 07, 2022, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning. Welcome to Palantir's third-quarter 2022 earnings call. We'll be discussing the results announced in our press release issued prior to the market open and posted on our Investor Relations website. During the call, we will make statements regarding our business that may be considered forward looking within applicable securities laws, including statements regarding our third quarter and fiscal 2022 results, management's expectations for our future financial and operational performance, and other statements regarding our plans, prospects, and expectations.
These statements are not promises or guarantees and are subject to risks and uncertainties which could cause them to differ materially from actual results. Information concerning those risks is available in our earnings press release distributed prior to market open today and in our SEC filings. We undertake no obligation to update forward-looking statements except as required by law. Further, during the course of today's call, we will refer to certain adjusted financial measures.
These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, GAAP measures. Additional information about these non-GAAP measures, including reconciliation of non-GAAP to comparable GAAP measures, is included in our press release and investor presentation provided today. Our press release, investor presentation, and SEC filings are available on our Investor Relations website at investors.palantir.com. Over the course of the call, we will refer to various growth rates when discussing our business.
These rates reflect year-over-year comparisons unless otherwise stated. Joining me on today's call are Alex Karp, chief executive officer; Shyam Sankar, chief operating officer; Dave Glazer, chief financial officer; Ryan Taylor, chief business affairs and legal officer; and Kevin Kawasaki, global head of business development. To begin today's call, we'll open with a few highlights from FoundryCon, where you'll hear from Alex, as well as representatives from Jacobs, Tyson Foods, Lilium, Apache, Swiss Re, and Space Systems Command.[Commercial break]
I'll now turn the call over to Ryan.
Ryan Taylor -- Head of Investor Relations
We generated 478 million in revenue this past quarter and 37 million in adjusted free cash flow, marking our eighth consecutive quarter of positive adjusted free cash flow. Despite significant geopolitical and macroeconomic uncertainty, our government business surpassed the 1 billion revenue mark on a trailing 12-month basis, and our U.S. commercial business grew for the ninth quarter in a row, raising 53% year over year. The number of customers using our software, including leading commercial and government enterprises in the U.S.