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Planet Labs PBC(PL)Earnings, Financials & Key Ratios
PL•NYSE
$37.13
$10.85B mkt cap·Price updated May 6, 2026
AboutPlanet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, and local government bodies. The company was incorporated in 2010 and is headquartered in San Francisco, California.Show more
- Revenue$308M+25.9%
- EBITDA-$95M-34.9%
- Net Income-$247M-100.4%
- EPS (Diluted)-0.80-90.5%
- Gross Margin56.05%-2.0%
- EBITDA Margin-30.9%-7.1%
- Operating Margin-30.9%+35.0%
- Net Margin-80.22%-59.1%
- ROE-78.4%-205.3%
- ROIC-18.79%+14.0%
- Debt/Equity2.45+4911.3%
- Interest Coverage-27.67
PL Key Insights
Planet Labs PBC (PL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 18.7% free cash flow margin
- ✓Momentum leader: RS Rating 98 (top 2%)
- ✓Strong 5Y sales CAGR of 22.1%
✗Weaknesses
- ✗High debt to equity ratio of 2.5x
- ✗Weak Piotroski F-Score: 2/9
- ✗Expensive at 60.7x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PL Price & Volume
Planet Labs PBC (PL) stock price & volume — 10-year historical chart
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PL Growth Metrics
Planet Labs PBC (PL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years22.15%
3 Years17.18%
TTM25.94%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-100.38%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-87.91%
Return on Capital
10 Years-26.56%
5 Years-23.88%
3 Years-22.21%
Last Year-16.28%
PL Recent Earnings
Planet Labs PBC (PL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Mar 19, 2026EPS
$0.48
Est $0.04
-1100.0%
Revenue
$87M
Est $78M
+11.0%
Q4 2025
Dec 10, 2025EPS
$0.19
Est $0.03
-467.3%
Revenue
$81M
Est $72M
+12.6%
Q4 2025
Sep 8, 2025EPS
$0.03
Est $0.03
+0.0%
Revenue
$73M
Est $72M
+1.6%
Q3 2025
Jun 4, 2025EPS
$0.04
Est $0.05
+20.0%
Revenue
$66M
Est $62M
+6.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 19, 2026 | $0.48vs $0.04-1100.0% | $87Mvs $78M+11.0% |
| Q4 2025 | Dec 10, 2025 | $0.19vs $0.03-467.3% | $81Mvs $72M+12.6% |
| Q4 2025 | Sep 8, 2025 | $0.03vs $0.03+0.0% | $73Mvs $72M+1.6% |
| Q3 2025 | Jun 4, 2025 | $0.04vs $0.05+20.0% | $66Mvs $62M+6.4% |
Based on last 12 quarters of dataView full earnings history →
PL Peer Comparison
Planet Labs PBC (PL) competitors in Satellite Data and Space Services — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BKSY | 1.1B | 35.96 | -17.21 | 4.39% | -65.93% | -74.06% | 0.16 | |
 SATL | 938.54M | 7.00 | -38.87 | 37.58% | -19.41% | -91.73% | 1.05 | |
 SPIR | 541.04B | 16.46 | 10.22 | -35.22% | -349.6% | -88.38% | 0.08 | |
 ASTS | 18.69B | 63.87 | -47.66 | 15.05% | -482.16% | -21.06% | 0.01 | |
 MNTS | 2.87M | 4.74 | -0.12 | -31.56% | -34.45% | |||
 LHX | 56.53B | 302.65 | 35.48 | 2.53% | 7.71% | 8.87% | 4.74% | 0.53 |
 NOC | 79.34B | 558.60 | 19.21 | 2.24% | 10.8% | 28.05% | 4.17% | 1.18 |
 RKLB | 45.35B | 78.76 | -212.86 | 37.96% | -32.94% | -19.23% | 0.15 |
Compare PL vs Peers
Planet Labs PBC (PL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PL Income Statement
Planet Labs PBC (PL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 95.74M | 113.17M | 131.21M | 191.26M | 220.7M | 244.35M | 307.73M |
| Revenue Growth % | - | 18.21% | 15.94% | 45.76% | 15.39% | 10.72% | 25.94% |
| Cost of Goods Sold | 102.39M | 87.38M | 82.99M | 97.25M | 107.75M | 104.63M | 135.24M |
| COGS % of Revenue | 106.95% | 77.22% | 63.25% | 50.85% | 48.82% | 42.82% | 43.95% |
| Gross Profit | -6.66M▲ 0% | 25.79M▲ 487.3% | 48.22M▲ 87.0% | 94.01M▲ 94.9% | 112.95M▲ 20.1% | 139.72M▲ 23.7% | 172.49M▲ 23.4% |
| Gross Margin % | -6.95% | 22.78% | 36.75% | 49.15% | 51.18% | 57.18% | 56.05% |
| Gross Profit Growth % | - | 487.34% | 87.02% | 94.95% | 20.15% | 23.71% | 23.45% |
| Operating Expenses | 99.8M | 113.23M | 176.27M | 269.68M | 282.7M | 255.85M | 267.56M |
| OpEx % of Revenue | 104.25% | 100.05% | 134.35% | 141.01% | 128.09% | 104.7% | 86.95% |
| Selling, General & Admin | 61.93M | 69.4M | 109.59M | 158.77M | 166.36M | 154.84M | 160.81M |
| SG&A % of Revenue | 64.69% | 61.33% | 83.52% | 83.01% | 75.38% | 63.37% | 52.26% |
| Research & Development | 37.87M | 43.83M | 66.68M | 110.92M | 116.34M | 101.01M | 106.75M |
| R&D % of Revenue | 39.56% | 38.73% | 50.82% | 57.99% | 52.71% | 41.34% | 34.69% |
| Other Operating Expenses | 0 | 239K | 0 | 330K | 0 | 0 | 0 |
| Operating Income | -106.46M▲ 0% | -87.44M▲ 17.9% | -128.05M▼ 46.4% | -175.68M▼ 37.2% | -169.75M▲ 3.4% | -116.12M▲ 31.6% | -95.07M▲ 18.1% |
| Operating Margin % | -111.2% | -77.27% | -97.59% | -91.85% | -76.91% | -47.52% | -30.9% |
| Operating Income Growth % | - | 17.86% | -46.44% | -37.19% | 3.37% | 31.59% | 18.13% |
| EBITDA | -28.86M | -25.24M | -82.95M | -132.34M | -122.11M | -70.48M | -95.07M |
| EBITDA Margin % | -30.15% | -22.3% | -63.22% | -69.2% | -55.33% | -28.85% | -30.9% |
| EBITDA Growth % | - | 12.54% | -228.62% | -59.55% | 7.73% | 42.28% | -34.88% |
| D&A (Non-Cash Add-back) | 77.6M | 62.2M | 45.1M | 43.33M | 47.64M | 45.64M | 0 |
| EBIT | -116.64M | -116.58M | -126.24M | -161.12M | -139.69M | -102.71M | -95.07M |
| Net Interest Income | -6.95M | -9.39M | -8.75M | 7.67M | 15.41M | 10.26M | 10.89M |
| Interest Income | 0 | 53K | 21K | 7.67M | 15.41M | 10.26M | 14.33M |
| Interest Expense | 6.95M | 9.45M | 8.77M | 0 | 0 | 0 | 3.44M |
| Other Income/Expense | -17.12M | -38.59M | -6.96M | 14.56M | 30.05M | -4.61M | -147.13M |
| Pretax Income | -123.58M▲ 0% | -126.03M▼ 2.0% | -135.01M▼ 7.1% | -161.12M▼ 19.3% | -139.69M▲ 13.3% | -120.74M▲ 13.6% | -242.21M▼ 100.6% |
| Pretax Margin % | -129.09% | -111.37% | -102.9% | -84.24% | -63.3% | -49.41% | -78.71% |
| Income Tax | 130K | 1.07M | 2.11M | 847K | 815K | 2.46M | 4.66M |
| Effective Tax Rate % | -0.11% | -0.85% | -1.56% | -0.53% | -0.58% | -2.04% | -1.92% |
| Net Income | -123.71M▲ 0% | -127.1M▼ 2.7% | -137.12M▼ 7.9% | -161.97M▼ 18.1% | -140.51M▲ 13.2% | -123.2M▲ 12.3% | -246.86M▼ 100.4% |
| Net Margin % | -129.22% | -112.31% | -104.51% | -84.69% | -63.67% | -50.42% | -80.22% |
| Net Income Growth % | - | -2.74% | -7.88% | -18.12% | 13.25% | 12.32% | -100.38% |
| Net Income (Continuing) | -123.71M | -127.1M | -137.12M | -161.97M | -140.51M | -123.2M | -246.86M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.87▲ 0% | -2.95▼ 2.8% | -0.52▲ 82.4% | -0.61▼ 17.3% | -0.50▲ 18.0% | -0.42▲ 16.0% | -0.80▼ 90.5% |
| EPS Growth % | - | -2.79% | 82.37% | -17.31% | 18.03% | 16% | -90.48% |
| EPS (Basic) | -2.87 | -2.95 | -0.52 | -0.61 | -0.50 | -0.42 | -0.80 |
| Diluted Shares Outstanding | 43.13M | 43.13M | 262.18M | 267.13M | 279.59M | 292.12M | 307.8M |
| Basic Shares Outstanding | 43.13M | 43.13M | 262.18M | 267.13M | 279.59M | 292.12M | 307.8M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
PL Balance Sheet
Planet Labs PBC (PL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 60.32M | 125.43M | 551.52M | 475.65M | 370.15M | 302.23M | 775.36M |
| Cash & Short-Term Investments | 21.68M | 71.18M | 490.76M | 408.76M | 298.91M | 228.67M | 640.73M |
| Cash Only | 21.68M | 71.18M | 490.76M | 181.89M | 83.87M | 124.65M | 230.08M |
| Short-Term Investments | 0 | 0 | 0 | 226.87M | 215.04M | 104.03M | 410.65M |
| Accounts Receivable | 27.73M | 47.11M | 44.37M | 38.95M | 43.32M | 55.83M | 83.53M |
| Days Sales Outstanding | 105.71 | 151.94 | 123.44 | 74.34 | 71.65 | 83.4 | 99.07 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 6.12M |
| Days Inventory Outstanding | - | - | - | - | - | - | 16.51 |
| Other Current Assets | 3.11M | 1.41M | 1.68M | 27.94M | 27.92M | 17.72M | 44.98M |
| Total Non-Current Assets | 302.67M | 273.88M | 269.92M | 277.07M | 331.85M | 331.57M | 370.32M |
| Property, Plant & Equipment | 186.59M | 159.85M | 133.28M | 128.49M | 135.77M | 141.5M | 165.16M |
| Fixed Asset Turnover | 0.51x | 0.71x | 0.98x | 1.49x | 1.63x | 1.73x | 1.86x |
| Goodwill | 88.39M | 88.39M | 103.22M | 112.75M | 136.26M | 136.35M | 143.45M |
| Intangible Assets | 21.99M | 17.67M | 24.96M | 26.25M | 47.42M | 27.45M | 26.63M |
| Long-Term Investments | 8.07M | 8.07M | 5.74M | 5.66M | 0 | 0 | 0 |
| Other Non-Current Assets | 4.86M | 5.5M | 8.46M | 9.58M | 12.4M | 26.27M | 35.08M |
| Total Assets | 362.99M▲ 0% | 399.31M▲ 10.0% | 821.44M▲ 105.7% | 752.72M▼ 8.4% | 702M▼ 6.7% | 633.8M▼ 9.7% | 1.15B▲ 80.8% |
| Asset Turnover | 0.26x | 0.28x | 0.16x | 0.25x | 0.31x | 0.39x | 0.27x |
| Asset Growth % | - | 10.01% | 105.72% | -8.37% | -6.74% | -9.72% | 80.77% |
| Total Current Liabilities | 71.21M | 108.81M | 132.04M | 122.26M | 136.65M | 142.08M | 469.45M |
| Accounts Payable | 2.12M | 1.45M | 2.85M | 6.9M | 2.6M | 2.6M | 10.61M |
| Days Payables Outstanding | 7.54 | 6.04 | 12.54 | 25.9 | 8.81 | 9.08 | 28.64 |
| Short-Term Debt | 10.8M | 8.24M | 0 | 0 | 0 | 0 | 7.3M |
| Deferred Revenue (Current) | 35.69M | 57.57M | 64.23M | 51.9M | 72.33M | 82.28M | 220.57M |
| Other Current Liabilities | 6.03M | 24.08M | 44.17M | 37.73M | 30.92M | 25.22M | 241.59M |
| Current Ratio | 0.85x | 1.15x | 4.18x | 3.89x | 2.71x | 2.13x | 1.65x |
| Quick Ratio | 0.85x | 1.15x | 4.18x | 3.89x | 2.71x | 2.13x | 1.64x |
| Cash Conversion Cycle | - | - | - | - | - | - | 86.95 |
| Total Non-Current Liabilities | 74.14M | 182.98M | 41.16M | 54.36M | 47.33M | 50.43M | 487.8M |
| Long-Term Debt | 46.66M | 155.61M | 0 | 0 | 0 | 0 | 455.18M |
| Capital Lease Obligations | 0 | -37.05M | 0 | 17.14M | 16.95M | 12.39M | 0 |
| Deferred Tax Liabilities | 0 | 10.96M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 27.48M | -9.68M | 37.58M | 34.34M | 25.09M | 26.86M | 32.62M |
| Total Liabilities | 145.35M | 291.8M | 173.2M | 176.62M | 183.98M | 192.51M | 957.25M |
| Total Debt | 57.46M | 163.86M | 0 | 22.03M | 24.93M | 21.61M | 462.48M |
| Net Debt | 35.78M | 92.67M | -490.76M | -159.86M | -58.94M | -103.03M | 232.4M |
| Debt / Equity | 0.26x | 1.52x | - | 0.04x | 0.05x | 0.05x | 2.45x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | -15.33x | -9.26x | -14.60x | - | - | - | -27.67x |
| Total Equity | 217.64M▲ 0% | 107.51M▼ 50.6% | 648.25M▲ 503.0% | 576.1M▼ 11.1% | 518.02M▼ 10.1% | 441.29M▼ 14.8% | 188.43M▼ 57.3% |
| Equity Growth % | - | -50.6% | 502.96% | -11.13% | -10.08% | -14.81% | -57.3% |
| Book Value per Share | 5.05 | 2.49 | 2.47 | 2.16 | 1.85 | 1.51 | 0.61 |
| Total Shareholders' Equity | 217.64M | 107.51M | 648.25M | 576.1M | 518.02M | 441.29M | 188.43M |
| Common Stock | 1K | 1K | 27K | 27K | 28K | 28K | 34K |
| Retained Earnings | -512.8M | -639.9M | -777.03M | -939.3M | -1.08B | -1.2B | -1.45B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.49M | 1.77M | 2.1M | 2.27M | 1.59M | -1.1M | 6.36M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PL Cash Flow Statement
Planet Labs PBC (PL) cash flow — operating, investing & free cash flow history
| Line item | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -33.69M | -4.03M | -42.21M | -73.93M | -50.71M | -14.37M | 134.36M |
| Operating CF Margin % | -35.19% | -3.56% | -32.17% | -38.66% | -22.98% | -5.88% | 43.66% |
| Operating CF Growth % | - | 88.05% | -948.2% | -75.15% | 31.41% | 71.66% | 1034.76% |
| Net Income | -123.71M | -127.1M | -137.12M | -161.97M | -140.51M | -123.2M | -246.86M |
| Depreciation & Amortization | 77.63M | 62.21M | 45.04M | 43.33M | 47.64M | 45.64M | 41.83M |
| Stock-Based Compensation | 5.07M | 14.01M | 41.96M | 75.54M | 57.13M | 48.48M | 54.99M |
| Deferred Taxes | 12.18M | 150K | -1.39M | -456K | 0 | 0 | 0 |
| Other Non-Cash Items | 1.19M | 32.8M | -232K | -6.5M | -18.77M | 17.63M | 284.4M |
| Working Capital Changes | -6.04M | 13.9M | 9.54M | -23.88M | 3.8M | -2.93M | 0 |
| Change in Receivables | 8.96M | -19.93M | 3.26M | 6.31M | -2.66M | -11.98M | -30.23M |
| Change in Inventory | 12.94M | 2.62M | 0 | 0 | 0 | 0 | -609K |
| Change in Payables | 3.07M | 11.03M | 16.07M | -2.99M | -25.01M | -13.34M | 13.8M |
| Cash from Investing | -27.17M | -30.8M | -25.15M | -242.26M | -33.59M | 57.91M | -393.12M |
| Capital Expenditures | -24.1M | -30.13M | -14.93M | -12.76M | -37.99M | -44.3M | -76.71M |
| CapEx % of Revenue | 25.17% | 26.62% | 11.38% | 6.67% | 17.21% | 18.13% | 24.93% |
| Acquisitions | -2.46M | 0 | -9.62M | -3.82M | -7.54M | -1.07M | -5.4M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | -614K | -674K | -598K | -557K | -5.81M | 182.12M | 27M |
| Cash from Financing | 8.73M | 83.94M | 489.18M | 7.86M | -1.6M | -15.54M | 357.05M |
| Debt Issued (Net) | -1.54M | 83.4M | -66.95M | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -5.6M | -6.34M | -8.97M | 0 | 0 |
| Other Financing | -49.64M | -85.99M | 561.73M | 14.2M | 7.37M | -21.46M | 357.05M |
| Net Change in Cash | -52.17M▲ 0% | 48.8M▲ 193.5% | 420.27M▲ 761.2% | -308.74M▼ 173.5% | -85.88M▲ 72.2% | 27.8M▲ 132.4% | 105.56M▲ 279.8% |
| Free Cash Flow | -57.79M▲ 0% | -34.15M▲ 40.9% | -57.14M▼ 67.3% | -86.69M▼ 51.7% | -93.12M▼ 7.4% | -58.67M▲ 37.0% | 57.65M▲ 198.3% |
| FCF Margin % | -60.36% | -30.18% | -43.55% | -45.33% | -42.19% | -24.01% | 18.73% |
| FCF Growth % | - | 40.9% | -67.31% | -51.72% | -7.41% | 36.99% | 198.26% |
| FCF per Share | -1.34 | -0.79 | -0.22 | -0.32 | -0.33 | -0.20 | 0.19 |
| FCF Conversion (FCF/Net Income) | 0.27x | 0.03x | 0.31x | 0.46x | 0.36x | 0.12x | -0.54x |
| Interest Paid | 0 | 6.55M | 6.75M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 1.08M | 884K | 3.1M | 0 | 1.8M | 0 |
PL Key Ratios
Planet Labs PBC (PL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -56.84% | -78.18% | -36.29% | -26.46% | -25.68% | -25.68% | -78.4% |
| Return on Invested Capital (ROIC) | -31.51% | -28.92% | -53.7% | -45.93% | -29.09% | -21.85% | -18.79% |
| Gross Margin | -6.95% | 22.78% | 36.75% | 49.15% | 51.18% | 57.18% | 56.05% |
| Net Margin | -129.22% | -112.31% | -104.51% | -84.69% | -63.67% | -50.42% | -80.22% |
| Debt / Equity | 0.26x | 1.52x | - | 0.04x | 0.05x | 0.05x | 2.45x |
| Interest Coverage | -15.33x | -9.26x | -14.60x | - | - | - | -27.67x |
| FCF Conversion | 0.27x | 0.03x | 0.31x | 0.46x | 0.36x | 0.12x | -0.54x |
| Revenue Growth | - | 18.21% | 15.94% | 45.76% | 15.39% | 10.72% | 25.94% |
PL SEC Filings & Documents
Planet Labs PBC (PL) SEC filings — annual & quarterly reports (10-K, 10-Q)
PL Frequently Asked Questions
Planet Labs PBC (PL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Planet Labs PBC (PL) reported $307.7M in revenue for fiscal year 2026. This represents a 221% increase from $95.7M in 2020.
Planet Labs PBC (PL) grew revenue by 25.9% over the past year. This is strong growth.
Planet Labs PBC (PL) reported a net loss of $246.9M for fiscal year 2026.
Dividend & Returns
Planet Labs PBC (PL) has a return on equity (ROE) of -78.4%. Negative ROE indicates the company is unprofitable.
Planet Labs PBC (PL) generated $56.4M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More PL
Planet Labs PBC (PL) financial analysis — history, returns, DCA and operating performance tools
Full PL Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates