Michael Burry
· Cassandra Unchained
· February 19, 2026 at 00:08
· ⏱ 1 min read
| Read on Substack ↗
Summary
=== SUMMARY ===
•Palantir's Accounts Receivable (AR) is persistently growing faster than its revenue, a significant accounting red flag for a subscription-based business.
•This trend suggests potential issues with revenue quality, such as aggressive revenue recognition or the use of extended payment terms as sales concessions, indicating that booked sales are not converting to cash efficiently.
Summary
The author notes that Palantir has filed its 10-K and suggests that the document contains interesting information or "stories."
•Palantir recently filed its 10-K.
•The author implies the filing contains noteworthy details.