Palantir released its earnings report on Monday, reporting quarterly profit of $1.13 billion and revenue that surged 96% year-over-year to $2.31 billion, beating Wall Street expectations of $2.18 billion. Growth was driven primarily by the company's U.S. commercial business, where revenue jumped 148% to $984 million, surpassing government business for the first time. U.S. government business revenue came in at $953 million, up 96% year-over-year.