Over the past 12 months, Palantir Technologies reported a net profit of $2.28 billion and revenue of $5.2 billion, with profits nearly tripling compared to the previous year. However, its stock price has fallen 40% from a high of $207.52 to approximately $124. The company is set to report its second-quarter earnings after the market closes on August 3, at which time these figures and market expectations will be put to the test.