Days Sales Outstanding

Accounts Receivable Analysis  ·  SIC Division 7

Three Firms With Unbroken DSO Growth, 2020–2025

Of 68 publicly-traded SIC Division 7 companies analyzed, only three recorded a higher Days Sales Outstanding (DSO) in every successive year from 2020 through 2024. 2025 data shown where available.

This analysis was inspired by a post on Michael Burry's blog, Cassandra Unchained, which originally highlighted Palantir's rising DSO trend. We extended the analysis across all 68 SIC Division 7 companies in our dataset to identify whether the pattern was unique to Palantir.

Palantir Technologies
65.3
2025 DSO (days)
▲ +30.7 days since 2020
Match Group
33.9
2025 DSO (days)
▲ +14.6 days since 2020
Dayforce, Inc.*
51.1
2025 DSO (days, est.)
▲ +11.8 days since 2020

Days Sales Outstanding — Annual, 2020–2025

10 20 30 40 50 60 70 80 2020 2021 2022 2023 2024 2025 Days Sales Outstanding Palantir Technologies Match Group Dayforce, Inc.*
Palantir Technologies  SIC 7372 Match Group  SIC 7389 Dayforce, Inc.*  SIC 7372

Source: Calcbench  ·  Export date 2026-02-19  ·  Annual calendar-year periods.
* Dayforce went private 2/6/2026. 2025 value estimated from TTM revenue and Q3 2025 ending receivables balance. Dashed line and open circle indicate estimated data point.

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