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Planet Labs PBC (PL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Planet Labs PBC (PL) stock price & volume — 10-year historical chart
Planet Labs PBC (PL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Planet Labs PBC (PL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 4, 2026 | $0.03vs $0.04+28.2% | $94Mvs $90M+4.2% |
| Q2 2026 | Mar 19, 2026 | $0.48vs $0.05-916.7% | $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% |
Planet Labs PBC (PL) competitors in Satellite Data and Space Services — business model, growth, and fundamentals comparison
Planet Labs PBC (PL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Planet Labs PBC (PL) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 95.74M | 113.17M | 131.21M | 191.26M | 220.7M | 244.35M | 307.73M | 335.61M |
Revenue Growth % | - | 18.21% | 15.94% | 45.76% | 15.39% | 10.72% | 25.94% | 34.15% |
Cost of Goods Sold | 102.39M | 87.38M | 82.99M | 97.25M | 107.75M | 104.63M | 135.24M | 149.33M |
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% | 186.28M▲ 0% |
Gross Margin % | -6.95% | 22.78% | 36.75% | 49.15% | 51.18% | 57.18% | 56.05% | 55.51% |
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 | 293.47M |
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 | 176.38M |
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 | 117.09M |
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 | 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% | -107.19M▲ 0% |
Operating Margin % | -111.2% | -77.27% | -97.59% | -91.85% | -76.91% | -47.52% | -30.9% | -31.94% |
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 | -238.77M | -197.77M |
EBITDA Margin % | -30.15% | -22.3% | -63.22% | -69.2% | -55.33% | -28.85% | -77.59% | -58.93% |
EBITDA Growth % | - | 12.54% | -228.62% | -59.55% | 7.73% | 42.28% | -238.75% | -189.69% |
D&A (Non-Cash Add-back) | 77.6M | 62.2M | 45.1M | 43.33M | 47.64M | 45.64M | 0 | 20.53M |
EBIT | -116.64M | -116.58M | -126.24M | -161.12M | -139.69M | -102.71M | -238.77M | -261.48M |
Net Interest Income | -6.95M | -9.39M | -8.75M | 7.67M | 15.41M | 10.26M | 10.89M | 13.54M |
Interest Income | 0 | 53K | 21K | 7.67M | 15.41M | 10.26M | 14.33M | 17.6M |
Interest Expense | 6.95M | 9.45M | 8.77M | 0 | 0 | 0 | 3.44M | 4.06M |
Other Income/Expense | -17.12M | -38.59M | -6.96M | 14.56M | 30.05M | -4.61M | -147.13M | -261.18M |
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% | -368.37M▲ 0% |
Pretax Margin % | -129.09% | -111.37% | -102.9% | -84.24% | -63.3% | -49.41% | -78.71% | -109.76% |
Income Tax | 130K | 1.07M | 2.11M | 847K | 815K | 2.46M | 4.66M | 4.74M |
Effective Tax Rate % | -0.11% | -0.85% | -1.56% | -0.53% | -0.58% | -2.04% | -1.92% | -1.29% |
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% | -373.1M▲ 0% |
Net Margin % | -129.22% | -112.31% | -104.51% | -84.69% | -63.67% | -50.42% | -80.22% | -111.17% |
Net Income Growth % | - | -2.74% | -7.88% | -18.12% | 13.25% | 12.32% | -100.38% | -250.23% |
Net Income (Continuing) | -123.71M | -127.1M | -137.12M | -161.97M | -140.51M | -123.2M | -246.86M | -373.1M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 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% | -1.08▲ 0% |
EPS Growth % | - | -2.79% | 82.37% | -17.31% | 18.03% | 16% | -90.48% | -217.33% |
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 | 345.52M |
Basic Shares Outstanding | 43.13M | 43.13M | 262.18M | 267.13M | 279.59M | 292.12M | 307.8M | 345.52M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Planet Labs PBC (PL) balance sheet — assets, liabilities & shareholders' equity
| Metric | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 60.32M | 125.43M | 551.52M | 475.65M | 370.15M | 302.23M | 775.36M | 848.98M |
Cash & Short-Term Investments | 21.68M | 71.18M | 490.76M | 408.76M | 298.91M | 228.67M | 640.73M | 731.73M |
Cash Only | 21.68M | 71.18M | 490.76M | 181.89M | 83.87M | 124.65M | 230.08M | 368.99M |
Short-Term Investments | 0 | 0 | 0 | 226.87M | 215.04M | 104.03M | 410.65M | 362.75M |
Accounts Receivable | 27.73M | 47.11M | 44.37M | 38.95M | 43.32M | 55.83M | 83.53M | 61.6M |
Days Sales Outstanding | 105.71 | 151.94 | 123.44 | 74.34 | 71.65 | 83.4 | 99.07 | 66.1 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 6.12M | 9.34M |
Days Inventory Outstanding | - | - | - | - | - | - | 16.51 | 9.45 |
Other Current Assets | 3.11M | 1.41M | 1.68M | 27.94M | 27.92M | 17.72M | 44.98M | 46.3M |
Total Non-Current Assets | 302.67M | 273.88M | 269.92M | 277.07M | 331.85M | 331.57M | 370.32M | 402.45M |
Property, Plant & Equipment | 186.59M | 159.85M | 133.28M | 128.49M | 135.77M | 141.5M | 165.16M | 198.65M |
Fixed Asset Turnover | 0.51x | 0.71x | 0.98x | 1.49x | 1.63x | 1.73x | 1.86x | 2.00x |
Goodwill | 88.39M | 88.39M | 103.22M | 112.75M | 136.26M | 136.35M | 143.45M | 143.11M |
Intangible Assets | 21.99M | 17.67M | 24.96M | 26.25M | 47.42M | 27.45M | 26.63M | 25.16M |
Long-Term Investments | 8.07M | 8.07M | 5.74M | 5.66M | 0 | 0 | 0 | 5.53M |
Other Non-Current Assets | 4.86M | 5.5M | 8.46M | 9.58M | 12.4M | 26.27M | 35.08M | 35.53M |
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% | 1.25B▲ 0% |
Asset Turnover | 0.26x | 0.28x | 0.16x | 0.25x | 0.31x | 0.39x | 0.27x | 0.32x |
Asset Growth % | - | 10.01% | 105.72% | -8.37% | -6.74% | -9.72% | 80.77% | 251.98% |
Total Current Liabilities | 71.21M | 108.81M | 132.04M | 122.26M | 136.65M | 142.08M | 469.45M | 302.55M |
Accounts Payable | 2.12M | 1.45M | 2.85M | 6.9M | 2.6M | 2.6M | 10.61M | 9.04M |
Days Payables Outstanding | 7.54 | 6.04 | 12.54 | 25.9 | 8.81 | 9.08 | 28.64 | 20.87 |
Short-Term Debt | 10.8M | 8.24M | 0 | 0 | 0 | 0 | 7.3M | 0 |
Deferred Revenue (Current) | 35.69M | 57.57M | 64.23M | 51.9M | 72.33M | 82.28M | 220.57M | 745.12M |
Other Current Liabilities | 6.03M | 24.08M | 44.17M | 37.73M | 30.92M | 25.22M | 230.97M | 59.44M |
Current Ratio | 0.85x | 1.15x | 4.18x | 3.89x | 2.71x | 2.13x | 1.65x | 2.81x |
Quick Ratio | 0.85x | 1.15x | 4.18x | 3.89x | 2.71x | 2.13x | 1.64x | 2.78x |
Cash Conversion Cycle | - | - | - | - | - | - | 86.95 | 54.67 |
Total Non-Current Liabilities | 74.14M | 182.98M | 41.16M | 54.36M | 47.33M | 50.43M | 487.8M | 505.18M |
Long-Term Debt | 46.66M | 155.61M | 0 | 0 | 0 | 0 | 455.18M | 447.57M |
Capital Lease Obligations | 0 | -37.05M | 0 | 17.14M | 16.95M | 12.39M | 0 | 61.72M |
Deferred Tax Liabilities | 0 | 10.96M | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 27.48M | -9.68M | 37.58M | 34.34M | 25.09M | 26.86M | 5.09M | 4.29M |
Total Liabilities | 145.35M | 291.8M | 173.2M | 176.62M | 183.98M | 192.51M | 957.25M | 807.73M |
Total Debt | 57.46M | 163.86M | 0 | 22.03M | 24.93M | 21.61M | 462.48M | 488.04M |
Net Debt | 35.78M | 92.67M | -490.76M | -159.86M | -58.94M | -103.03M | 232.4M | 119.05M |
Debt / Equity | 0.26x | 1.52x | - | 0.04x | 0.05x | 0.05x | 2.45x | 1.10x |
Debt / EBITDA | - | - | - | - | - | - | - | -2.47x |
Net Debt / EBITDA | - | - | - | - | - | - | - | -0.60x |
Interest Coverage | -16.79x | -12.34x | -14.39x | - | - | - | -69.49x | -64.45x |
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% | 443.7M▲ 0% |
Equity Growth % | - | -50.6% | 502.96% | -11.13% | -10.08% | -14.81% | -57.3% | -90.25% |
Book Value per Share | 5.05 | 2.49 | 2.47 | 2.16 | 1.85 | 1.51 | 0.61 | 1.28 |
Total Shareholders' Equity | 217.64M | 107.51M | 648.25M | 576.1M | 518.02M | 441.29M | 188.43M | 443.7M |
Common Stock | 1K | 1K | 27K | 27K | 28K | 28K | 34K | 36K |
Retained Earnings | -512.8M | -639.9M | -777.03M | -939.3M | -1.08B | -1.2B | -1.45B | -1.59B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 1.49M | 1.77M | 2.1M | 2.27M | 1.59M | -1.1M | 6.36M | 4.92M |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Planet Labs PBC (PL) cash flow — operating, investing & free cash flow history
| Metric | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | -33.69M | -4.03M | -42.21M | -73.93M | -50.71M | -14.37M | 134.36M | 132.46M |
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% | 1981.01% |
Net Income | -123.71M | -127.1M | -137.12M | -161.97M | -140.51M | -123.2M | -246.86M | -373.1M |
Depreciation & Amortization | 77.63M | 62.21M | 45.04M | 43.33M | 47.64M | 45.64M | 41.83M | 41.93M |
Stock-Based Compensation | 5.07M | 14.01M | 41.96M | 75.54M | 57.13M | 48.48M | 54.99M | 58.91M |
Deferred Taxes | 12.18M | 150K | -1.39M | -456K | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 1.19M | 32.8M | -232K | -6.5M | -18.77M | 17.63M | 163.09M | 277.87M |
Working Capital Changes | -6.04M | 13.9M | 9.54M | -23.88M | 3.8M | -2.93M | 121.31M | 126.84M |
Change in Receivables | 8.96M | -19.93M | 3.26M | 6.31M | -2.66M | -11.98M | -30.23M | 13.43M |
Change in Inventory | 12.94M | 2.62M | 0 | 0 | 0 | 0 | -609K | -731K |
Change in Payables | 3.07M | 11.03M | 16.07M | -2.99M | -25.01M | -13.34M | 13.8M | 26.8M |
Cash from Investing | -27.17M | -30.8M | -25.15M | -242.26M | -33.59M | 57.91M | -393.12M | -364.44M |
Capital Expenditures | -24.1M | -30.13M | -14.93M | -12.76M | -37.99M | -44.3M | -76.71M | -85.91M |
CapEx % of Revenue | 25.17% | 26.62% | 11.38% | 6.67% | 17.21% | 18.13% | 24.93% | 25.6% |
Acquisitions | -2.46M | 0 | -9.62M | -3.82M | -7.54M | -1.07M | -5.4M | -6.17M |
Investments | - | - | - | - | - | - | - | - |
Other Investing | -614K | -674K | -598K | -557K | -5.81M | 182.12M | 27M | 49.39M |
Cash from Financing | 8.73M | 83.94M | 489.18M | 7.86M | -1.6M | -15.54M | 357.05M | 460.82M |
Debt Issued (Net) | -1.54M | 83.4M | -66.95M | 0 | 0 | 0 | 406.27M | 406.27M |
Equity Issued (Net) | 59.9M | 86.53M | -5.6M | -6.34M | -8.97M | 5.92M | 35.35M | 126.8M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | -5.6M | -6.34M | -8.97M | 0 | 0 | 94.75M |
Other Financing | -49.64M | -85.99M | 561.73M | 14.2M | 7.37M | -21.46M | -84.57M | -72.24M |
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% | 229.99M▲ 0% |
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% | 47.16M▲ 0% |
FCF Margin % | -60.36% | -30.18% | -43.55% | -45.33% | -42.19% | -24.01% | 18.73% | 14.05% |
FCF Growth % | - | 40.9% | -67.31% | -51.72% | -7.41% | 36.99% | 198.26% | 203.09% |
FCF per Share | -1.34 | -0.79 | -0.22 | -0.32 | -0.33 | -0.20 | 0.19 | 0.14 |
FCF Conversion (FCF/Net Income) | 0.27x | 0.03x | 0.31x | 0.46x | 0.36x | 0.12x | -0.54x | -0.13x |
Interest Paid | 0 | 6.55M | 6.75M | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 1.08M | 884K | 3.1M | 0 | 1.8M | 0 | 0 |
Planet Labs PBC (PL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -78.18% | -36.29% | -26.46% | -25.68% | -25.68% | -78.4% | -105.29% |
Return on Invested Capital (ROIC) | -28.92% | -53.7% | -45.93% | -29.09% | -21.85% | -18.79% | -19.89% |
Gross Margin | 22.78% | 36.75% | 49.15% | 51.18% | 57.18% | 56.05% | 55.51% |
Net Margin | -112.31% | -104.51% | -84.69% | -63.67% | -50.42% | -80.22% | -111.17% |
Debt / Equity | 1.52x | - | 0.04x | 0.05x | 0.05x | 2.45x | 1.10x |
Interest Coverage | -12.34x | -14.39x | - | - | - | -69.49x | -64.45x |
FCF Conversion | 0.03x | 0.31x | 0.46x | 0.36x | 0.12x | -0.54x | -0.13x |
Revenue Growth | 18.21% | 15.94% | 45.76% | 15.39% | 10.72% | 25.94% | 34.15% |
Planet Labs PBC (PL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jun 5, 2026·SEC
Jun 4, 2026·SEC
May 4, 2026·SEC
Planet Labs PBC (PL) stock FAQ — growth, dividends, profitability & financials explained
Planet Labs PBC (PL) reported $335.6M in revenue for fiscal year 2026. This represents a 251% 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 $373.1M for fiscal year 2026.
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 $47.2M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.