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Planet Labs PBC (PL) Financials

Planet Labs PBC logo
$18.12 -0.23 (-1.25%)
As of 09/4/2026 03:58 PM Eastern
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Annual Income Statements for Planet Labs PBC

Annual Income Statements for Planet Labs PBC

This table shows Planet Labs PBC's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -124 -127 -137 -162 -141 -123 -247
Consolidated Net Income / (Loss)		 -124 -127 -137 -162 -141 -123 -247
Net Income / (Loss) Continuing Operations		 -124 -127 -137 -162 -141 -123 -247
Total Pre-Tax Income 		-124 -126 -135 -161 -140 -121 -242
Total Operating Income		 -106 -87 -128 -176 -170 -116 -95
Total Gross Profit		 -6.66 26 48 94 113 140 172
Total Revenue		 96 113 131 191 221 244 308
Operating Revenue		 96 113 131 191 221 244 308
Total Cost of Revenue		 102 87 83 97 108 105 135
Operating Cost of Revenue		 102 87 83 97 108 105 135
Total Operating Expenses		 100 113 176 270 283 256 268
Selling, General & Admin Expense		 27 32 57 81 80 77 88
Marketing Expense		 35 37 53 78 86 78 73
Research & Development Expense		 38 44 67 111 116 101 107
Total Other Income / (Expense), net		 -17 -39 -6.96 15 30 -4.61 -147
Interest Expense		 18 8.77 10 - 0.00 0.83 3.44
Interest & Investment Income		 - 0.05 0.02 7.67 15 10 14
Other Income / (Expense), net		 1.35 -30 3.48 6.88 15 -14 -158
Income Tax Expense		 0.13 1.07 2.11 0.85 0.82 2.46 4.66
Basic Earnings per Share		 ($2.89) ($2.87) ($1.72) ($0.61) ($0.50) ($0.42) ($0.80)
Weighted Average Basic Shares Outstanding		 42.86M 44.21M 79.61M 267.13M 279.59M 292.12M 307.80M
Diluted Earnings per Share		 ($2.89) ($2.87) ($1.72) ($0.61) ($0.50) ($0.42) ($0.80)
Weighted Average Diluted Shares Outstanding		 42.86M 44.21M 79.61M 267.13M 279.59M 292.12M 307.80M
Weighted Average Basic & Diluted Shares Outstanding		 - - 267.90M 274.97M 290.62M 302.25M 346.15M

Quarterly Income Statements for Planet Labs PBC

This table shows Planet Labs PBC's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139 -9.35
Consolidated Net Income / (Loss)		 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139 -9.35
Net Income / (Loss) Continuing Operations		 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139 -9.35
Total Pre-Tax Income 		-31 -29 -38 -20 -34 -12 -22 -58 -150 -138 -8.62
Total Operating Income		 -34 -35 -40 -23 -19 -23 -18 -18 -36 -35 -14
Total Gross Profit		 32 32 32 38 38 37 42 47 47 50 66
Total Revenue		 59 60 61 61 62 66 73 81 87 94 116
Operating Revenue		 59 60 61 61 62 66 73 81 87 94 116
Total Cost of Revenue		 26 29 29 24 23 30 31 35 40 44 50
Operating Cost of Revenue		 26 29 29 24 23 30 31 35 40 44 50
Total Operating Expenses		 66 66 72 60 58 59 60 65 83 85 79
Selling, General & Admin Expense		 18 19 21 18 19 20 18 19 31 29 22
Marketing Expense		 20 21 24 17 16 16 18 19 20 23 21
Research & Development Expense		 28 26 27 25 23 23 24 27 32 33 35
Total Other Income / (Expense), net		 3.40 5.72 1.81 2.55 -15 11 -4.14 -40 -114 -103 4.89
Interest Expense		 - - - 0.28 - 0.50 0.32 1.02 - 1.45 1.44
Interest & Investment Income		 3.66 3.11 2.77 2.41 1.97 1.88 2.17 4.41 5.86 5.15 6.43
Other Income / (Expense), net		 -0.26 2.61 -0.97 0.42 -17 9.69 -5.99 -43 -117 -107 -0.11
Income Tax Expense		 -0.43 0.44 0.90 0.03 1.12 0.93 0.50 0.78 2.45 1.01 0.73
Basic Earnings per Share		 ($0.10) ($0.10) ($0.13) ($0.07) ($0.12) ($0.04) ($0.07) ($0.19) ($0.50) ($0.40) ($0.03)
Weighted Average Basic Shares Outstanding		 279.59M 288.27M 290.36M 293.34M 292.12M 300.27M 304.13M 309.25M 307.80M 345.52M 359.59M
Diluted Earnings per Share		 ($0.10) ($0.10) ($0.13) ($0.07) ($0.12) ($0.04) ($0.07) ($0.19) ($0.50) ($0.40) ($0.03)
Weighted Average Diluted Shares Outstanding		 279.59M 288.27M 290.36M 293.34M 292.12M 300.27M 304.13M 309.25M 307.80M 345.52M 359.59M
Weighted Average Basic & Diluted Shares Outstanding		 290.62M 290.77M 293.48M 296.71M 302.25M 303.43M 307.92M 313.66M 346.15M 356.40M 363.85M

Annual Cash Flow Statements for Planet Labs PBC

This table details how cash moves in and out of Planet Labs PBC's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Net Change in Cash & Equivalents		 -52 49 420 -309 -86 28 106
Net Cash From Operating Activities		 -34 -4.03 -42 -74 -51 -14 134
Net Cash From Continuing Operating Activities		 -34 -4.03 -42 -74 -51 -14 134
Net Income / (Loss) Continuing Operations		 -124 -127 -137 -162 -141 -123 -247
Consolidated Net Income / (Loss)		 -124 -127 -137 -162 -141 -123 -247
Depreciation Expense		 78 62 45 43 48 46 42
Non-Cash Adjustments To Reconcile Net Income		 17 43 39 69 43 64 216
Changes in Operating Assets and Liabilities, net		 -6.04 15 8.19 -24 -1.26 -0.42 123
Net Cash From Investing Activities		 -27 -31 -25 -242 -34 58 -393
Net Cash From Continuing Investing Activities		 -27 -31 -25 -242 -34 58 -393
Purchase of Property, Plant & Equipment		 -24 -30 -15 -13 -42 -50 -81
Acquisitions		 -2.46 0.00 -9.62 -3.82 -7.54 -5.85 -6.85
Purchase of Investments		 - 0.00 0.00 -280 -189 -140 -428
Sale and/or Maturity of Investments		 - 0.00 0.00 55 207 254 123
Other Investing Activities, net		 -0.61 -0.67 -0.60 -0.56 -1.39 -0.30 0.00
Net Cash From Financing Activities		 8.73 84 489 7.86 -1.60 -16 357
Net Cash From Continuing Financing Activities		 8.73 84 489 7.86 -1.60 -16 357
Repayment of Debt		 -51 -2.59 -67 -0.50 -0.02 -0.74 -5.73
Issuance of Debt		 50 86 - - 0.00 0.00 449
Issuance of Common Equity		 - - - 0.00 0.00 1.55 2.80
Other Financing Activities, net		 0.26 0.54 556 8.36 -1.58 -16 -89
Effect of Exchange Rate Changes		 - -0.31 -1.55 -0.40 0.02 -0.20 7.26

Quarterly Cash Flow Statements for Planet Labs PBC

This table details how cash moves in and out of Planet Labs PBC's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
Net Change in Cash & Equivalents		 -18 24 41 -17 -20 16 47 257 -214 140 48
Net Cash From Operating Activities		 -6.84 -4.30 -7.86 4.08 -6.30 17 68 29 21 15 53
Net Cash From Continuing Operating Activities		 -6.84 -4.30 -7.86 4.08 -6.30 17 68 29 21 15 53
Net Income / (Loss) Continuing Operations		 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139 -9.35
Consolidated Net Income / (Loss)		 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139 -9.35
Depreciation Expense		 12 13 13 10 9.27 11 11 9.91 10 11 11
Non-Cash Adjustments To Reconcile Net Income		 13 12 12 12 28 2.16 19 57 138 123 17
Changes in Operating Assets and Liabilities, net		 -1.17 0.35 5.50 2.41 -8.67 17 61 21 25 20 34
Net Cash From Investing Activities		 -9.55 30 51 -11 -13 1.74 -19 -171 -204 30 -117
Net Cash From Continuing Investing Activities		 -9.55 30 51 -11 -13 1.74 -19 -171 -204 30 -117
Purchase of Property, Plant & Equipment		 -10 -11 -17 -8.86 -13 -9.34 -21 -28 -23 -18 -29
Acquisitions		 - -5.09 -0.27 -0.27 -0.23 -0.62 -0.27 -0.26 -5.70 -0.27 -0.26
Purchase of Investments		 -23 -28 -54 -24 -35 0.00 -22 -185 -221 -33 -175
Sale and/or Maturity of Investments		 24 75 122 22 35 12 25 42 45 82 87
Other Investing Activities, net		 -0.45 -0.30 - - - 0.00 - - - 0.00 -0.35
Net Cash From Financing Activities		 -1.24 -2.38 -2.73 -10 -0.23 -9.16 -1.00 398 -31 95 114
Net Cash From Continuing Financing Activities		 -1.24 -2.38 -2.73 -10 -0.23 -9.16 -1.00 398 -31 95 114
Issuance of Common Equity		 - 0.00 - 0.38 0.47 0.35 0.82 0.69 0.95 1.33 124
Other Financing Activities, net		 -1.24 -2.00 -3.47 -10 -0.57 -7.12 -1.68 -48 -32 94 -7.86
Effect of Exchange Rate Changes		 0.08 -0.28 0.24 0.11 -0.28 5.68 -0.01 0.85 0.73 -1.02 -1.30

Annual Balance Sheets for Planet Labs PBC

This table presents Planet Labs PBC's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025 2026
Period end date 12/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Total Assets		 0.09 399 821 753 702 634 1,146
Total Current Assets		 0.00 125 552 476 370 302 775
Cash & Equivalents		 0.00 71 491 182 84 118 229
Restricted Cash		 - - - 0.53 8.36 6.60 0.64
Short-Term Investments		 - - 0.00 227 215 104 411
Accounts Receivable		 - 47 44 39 43 56 84
Inventories, net		 - - - - - 0.00 6.12
Prepaid Expenses		 0.00 7.13 16 27 20 18 45
Plant, Property, & Equipment, net		 0.00 160 133 108 113 122 151
Total Noncurrent Assets		 0.09 114 137 169 218 210 220
Goodwill		 - 88 103 113 136 136 143
Intangible Assets		 - 18 25 26 47 46 48
Other Noncurrent Operating Assets		 0.09 7.97 8.46 30 25 22 23
Other Noncurrent Nonoperating Assets		 - - - - 9.97 5.35 5.47
Total Liabilities & Shareholders' Equity		 0.09 399 821 753 702 634 1,146
Total Liabilities		 0.06 292 173 177 184 193 957
Total Current Liabilities		 0.06 109 132 122 137 142 469
Accounts Payable		 0.01 1.45 2.85 6.90 2.60 2.60 11
Accrued Expenses		 0.05 30 49 46 45 43 56
Current Deferred Revenue		 - 58 64 52 72 82 221
Other Current Liabilities		 - 11 16 17 17 15 182
Total Noncurrent Liabilities		 0.00 183 41 54 47 50 488
Long-Term Debt		 - 156 - - - 0.00 447
Noncurrent Deferred Revenue		 - 18 4.38 2.88 5.29 11 28
Other Noncurrent Operating Liabilities		 0.00 9.26 37 51 42 39 13
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.02 108 648 576 518 441 188
Total Preferred & Common Equity		 0.02 108 648 576 518 441 188
Total Common Equity		 0.02 107 648 576 518 441 188
Common Stock		 0.03 746 1,423 1,513 1,596 1,645 1,632
Retained Earnings		 -0.00 -640 -777 -939 -1,080 -1,203 -1,450
Accumulated Other Comprehensive Income / (Loss)		 - 1.77 2.10 2.27 1.59 -1.10 6.36

Quarterly Balance Sheets for Planet Labs PBC

This table presents Planet Labs PBC's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027 Q2 2027
Period end date 4/30/2023 7/31/2023 10/31/2023 4/30/2024 7/31/2024 10/31/2024 4/30/2025 7/31/2025 10/31/2025 4/30/2026 7/31/2026
Total Assets		 723 720 714 675 658 631 658 696 1,106 1,251 1,431
Total Current Assets		 435 428 388 346 327 302 325 355 754 849 999
Cash & Equivalents		 141 119 102 107 148 139 133 181 443 368 415
Restricted Cash		 - - 7.88 8.80 8.80 6.53 6.61 6.32 0.91 0.90 1.89
Short-Term Investments		 235 249 213 168 101 103 93 90 234 363 450
Accounts Receivable		 39 40 45 39 44 39 75 52 46 62 60
Inventories, net		 - - - - - - - - - 9.34 8.85
Prepaid Expenses		 19 20 20 23 25 14 17 26 30 46 63
Plant, Property, & Equipment, net		 118 120 114 111 113 117 122 131 145 159 176
Total Noncurrent Assets		 171 172 212 217 218 212 211 210 207 243 256
Goodwill		 113 113 136 137 137 137 138 139 139 143 143
Intangible Assets		 26 28 41 47 48 47 48 47 47 46 50
Other Noncurrent Operating Assets		 26 26 24 23 24 23 20 18 16 47 56
Other Noncurrent Nonoperating Assets		 5.66 5.71 10 9.56 9.54 4.44 5.53 5.53 5.37 6.61 6.61
Total Liabilities & Shareholders' Equity		 723 720 714 675 658 631 658 696 1,106 1,251 1,431
Total Liabilities		 164 181 180 174 185 166 214 261 757 808 867
Total Current Liabilities		 112 116 131 126 140 129 155 203 189 303 351
Accounts Payable		 15 3.83 4.59 3.13 2.39 3.57 4.10 11 3.45 9.04 10
Accrued Expenses		 34 38 42 43 57 44 29 32 29 59 56
Current Deferred Revenue		 45 57 67 64 65 66 108 148 146 231 281
Other Current Liabilities		 18 18 17 16 16 15 13 12 11 4.29 3.62
Total Noncurrent Liabilities		 52 65 49 48 45 37 59 57 568 505 515
Long-Term Debt		 - - - - - - - - 446 448 448
Noncurrent Deferred Revenue		 2.47 18 7.76 13 12 11 30 25 48 16 17
Other Noncurrent Operating Liabilities		 50 46 41 35 33 26 29 32 73 41 50
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 559 540 534 500 473 465 445 436 350 444 564
Total Preferred & Common Equity		 559 540 534 500 473 465 445 436 350 444 564
Total Common Equity		 559 540 534 500 473 465 445 436 350 444 564
Common Stock		 1,531 1,550 1,584 1,609 1,620 1,631 1,657 1,670 1,643 2,028 2,159
Retained Earnings		 -974 -1,012 -1,050 -1,109 -1,148 -1,168 -1,216 -1,238 -1,297 -1,589 -1,598
Accumulated Other Comprehensive Income / (Loss)		 1.68 1.34 -0.24 0.55 1.25 1.35 3.69 3.85 4.46 4.92 3.37

Annual Metrics And Ratios for Planet Labs PBC

This table displays calculated financial ratios and metrics derived from Planet Labs PBC's official financial filings.

Metric 2020 2021 2022 2023 2024 2025 2026
Period end date 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
DEI Shares Outstanding		 - - - - - - 313,664,721.00
DEI Adjusted Shares Outstanding		 - - - - - - 313,664,721.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -0.79
Growth Metrics		 - - - - - - -
Profitability Metrics		 - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -75 -61 -90 -123 -119 -81 -67
Return On Investment Capital (ROIC_SIMPLE)		 - - - -21.35% -22.94% -18.42% -10.48%
Earnings before Interest and Taxes (EBIT)		 -105 -117 -125 -169 -155 -131 -253
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -26 -52 -77 -125 -107 -85 -211
Valuation Ratios		 - - - - - - -
Leverage & Solvency		 - - - - - - -
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -261 -47 -132 -153 -88 152
Efficiency Ratios		 - - - - - - -
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.02 200 157 167 201 207 -11
Increase / (Decrease) in Invested Capital		 0.00 200 -43 9.33 34 6.49 -218
Book Value per Share		 $0.00 $2.43 $15.03 $2.12 $1.80 $1.49 $0.60
Tangible Book Value per Share		 $0.00 $0.03 $12.06 $1.61 $1.16 $0.87 ($0.01)
Total Capital		 0.02 271 648 576 518 441 635
Total Debt		 0.00 164 0.00 0.00 0.00 0.00 447
Total Long-Term Debt		 0.00 156 0.00 0.00 0.00 0.00 447
Net Debt		 0.00 93 -491 -409 -307 -229 -194
Capital Expenditures (CapEx)		 24 30 15 13 42 50 81
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.06 -46 -71 -56 -74 -69 -335
Debt-free Net Working Capital (DFNWC)		 -0.06 25 419 353 234 160 306
Net Working Capital (NWC)		 -0.06 17 419 353 234 160 306
Net Nonoperating Expense (NNE)		 49 66 47 39 22 42 180
Net Nonoperating Obligations (NNO)		 0.00 93 -491 -409 -317 -234 -199
Total Depreciation and Amortization (D&A)		 79 65 48 43 48 46 42
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.72) ($0.61) ($0.50) ($0.42) ($0.80)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 79.61M 267.13M 279.59M 292.12M 307.80M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.72) ($0.61) ($0.50) ($0.42) ($0.80)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 79.61M 267.13M 279.59M 292.12M 307.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 267.90M 274.97M 290.62M 302.25M 346.15M
Normalized Net Operating Profit after Tax (NOPAT)		 -75 -61 -90 -123 -119 -81 -67
Debt Service Ratios		 - - - - - - -
Payout Ratios		 - - - - - - -

Quarterly Metrics And Ratios for Planet Labs PBC

This table displays calculated financial ratios and metrics derived from Planet Labs PBC's official financial filings.

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026 4/30/2026 7/31/2026
DEI Shares Outstanding		 - - - - - - - - 313,664,721.00 346,149,027.00 356,402,526.00
DEI Adjusted Shares Outstanding		 - - - - - - - - 313,664,721.00 346,149,027.00 356,402,526.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - -0.49 -0.40 -0.03
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.09% 14.68% 13.64% 10.63% 4.59% 9.64% 20.12% 32.62% - 42.08% 58.14%
EBITDA Growth		 29.39% 33.60% 5.64% 55.03% -18.52% 86.73% 50.20% -329.67% - -6,409.19% 78.80%
EBIT Growth		 17.24% 17.30% 1.59% 45.32% -5.40% 57.49% 40.14% -178.44% - -981.91% 43.16%
NOPAT Growth		 20.55% 22.65% 8.56% 52.76% 42.90% 34.13% 54.62% 18.88% - -53.21% 24.78%
Net Income Growth		 20.49% 14.95% -1.82% 47.16% -16.85% 56.89% 41.57% -194.73% - -999.71% 58.60%
EPS Growth		 28.57% 23.08% 7.14% 46.15% -20.00% 60.00% 46.15% -171.43% - -900.00% 57.14%
Operating Cash Flow Growth		 53.85% 85.96% -181.88% 117.82% 7.93% 503.68% 962.48% 601.50% - -10.99% -21.88%
Free Cash Flow Firm Growth		 -47.14% 15.21% -66.13% 58.94% 65.27% 69.58% 160.52% 423.16% - 281.05% -89.76%
Invested Capital Growth		 20.36% 16.26% 23.75% 5.44% 3.23% 0.10% -25.89% -46.95% - -25.97% -8.94%
Revenue Q/Q Growth		 6.27% 2.70% 1.08% 0.28% 0.47% 7.65% 10.75% 10.72% - 8.44% 23.26%
EBITDA Q/Q Growth		 17.83% 16.46% -45.30% 54.91% -116.55% 90.65% -445.36% -280.26% - 8.98% 97.83%
EBIT Q/Q Growth		 16.83% 6.49% -26.86% 44.58% -60.32% 62.29% -78.64% -154.65% - 7.74% 90.38%
NOPAT Q/Q Growth		 29.13% -1.93% -14.48% 42.88% 14.34% -17.58% 21.13% -2.12% - 3.09% 61.28%
Net Income Q/Q Growth		 20.83% 2.64% -32.00% 48.07% -75.06% 64.08% -78.90% -161.97% - 8.91% 93.27%
EPS Q/Q Growth		 23.08% 0.00% -30.00% 46.15% -71.43% 66.67% -75.00% -171.43% - 20.00% 92.50%
Operating Cash Flow Q/Q Growth		 70.10% 37.15% -82.87% 151.87% -254.44% 375.55% 290.72% -57.81% - -25.23% 242.93%
Free Cash Flow Firm Q/Q Growth		 11.39% 8.04% -26.54% 60.17% 25.05% 19.47% 351.77% 112.67% - -84.86% -85.75%
Invested Capital Q/Q Growth		 0.14% 2.79% -0.42% 2.87% -1.96% -0.33% -26.27% -26.36% - 1,504.59% -9.31%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 55.19% 52.42% 52.89% 61.24% 62.08% 55.24% 57.60% 57.33% - 53.53% 56.55%
EBITDA Margin		 -38.35% -31.20% -44.85% -20.16% -43.46% -3.78% -18.59% -63.86% - -138.48% -2.44%
Operating Margin		 -57.63% -57.20% -64.78% -36.90% -31.46% -34.36% -24.47% -22.57% - -37.06% -11.64%
EBIT Margin		 -58.07% -52.88% -66.36% -36.68% -58.52% -20.50% -33.07% -76.05% - -150.36% -11.73%
Profit (Net Income) Margin		 -51.12% -48.47% -63.29% -32.78% -57.11% -19.06% -30.79% -72.84% - -147.50% -8.06%
Tax Burden Percent		 98.59% 101.53% 102.37% 100.12% 103.22% 107.93% 102.25% 101.34% - 100.73% 108.50%
Interest Burden Percent		 89.29% 90.28% 93.17% 89.26% 94.55% 86.13% 91.05% 94.51% - 97.38% 63.32%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Return on Invested Capital (ROIC)		 -48.44% -47.65% -57.54% -30.31% -26.38% -29.15% -25.13% -27.58% - -48.43% -21.18%
ROIC Less NNEP Spread (ROIC-NNEP)		 -46.70% -46.14% -54.12% -28.86% -18.54% -30.39% -21.50% -8.69% - -5.16% -21.21%
Return on Net Nonoperating Assets (RNNOA)		 31.01% 29.43% 34.27% 16.95% 10.65% 17.11% 13.03% 5.24% - 3.07% 15.04%
Return on Equity (ROE)		 -17.43% -18.22% -23.28% -13.36% -15.72% -12.03% -12.10% -22.35% - -45.36% -6.14%
Cash Return on Invested Capital (CROIC)		 -83.13% -73.25% -79.97% -49.71% -43.02% -35.46% -2.62% 27.41% - -11.90% -40.07%
Operating Return on Assets (OROA)		 -17.62% -17.28% -22.70% -13.19% -21.41% -7.69% -12.81% -24.74% - -52.85% -4.17%
Return on Assets (ROA)		 -15.51% -15.84% -21.65% -11.78% -20.89% -7.15% -11.93% -23.69% - -51.84% -2.87%
Return on Common Equity (ROCE)		 -17.43% -18.22% -23.28% -13.36% -15.72% -12.03% -12.10% -22.35% - -45.36% -6.14%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -27.05% -28.75% -25.43% 0.00% -23.95% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -24 -24 -28 -16 -14 -16 -13 -13 -25 -24 -9.46
NOPAT Margin		 -40.34% -40.04% -45.35% -25.83% -22.02% -24.05% -17.13% -15.80% - -25.94% -8.15%
Net Nonoperating Expense Percent (NNEP)		 -1.75% -1.51% -3.42% -1.45% -7.84% 1.24% -3.64% -18.89% - -43.27% 0.03%
Return On Investment Capital (ROIC_SIMPLE)		 -4.58% -4.84% - - -3.07% -3.58% -2.89% -1.61% -3.97% -2.74% -0.93%
Cost of Revenue to Revenue		 44.81% 47.58% 47.11% 38.76% 37.92% 44.76% 42.40% 42.67% - 46.47% 43.45%
SG&A Expenses to Revenue		 30.41% 31.73% 34.22% 29.57% 30.78% 30.16% 25.21% 23.15% - 30.89% 19.38%
R&D to Revenue		 48.27% 42.34% 44.60% 41.16% 37.29% 34.82% 32.92% 33.63% - 35.50% 30.29%
Operating Expenses to Revenue		 112.82% 109.62% 117.67% 98.14% 93.55% 89.60% 82.07% 79.90% - 90.59% 68.19%
Earnings before Interest and Taxes (EBIT)		 -34 -32 -41 -22 -36 -14 -24 -62 -153 -142 -14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -23 -19 -27 -12 -27 -2.50 -14 -52 -143 -130 -2.83
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.25 0.98 1.56 1.40 4.10 2.24 4.35 11.85 - 28.84 12.93
Price to Tangible Book Value (P/TBV)		 1.94 1.56 2.56 2.32 7.00 3.84 7.59 25.25 - 50.29 19.67
Price to Revenue (P/Rev)		 2.95 2.15 3.13 2.68 7.41 3.97 7.23 14.66 - 38.13 19.30
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.71 1.00 2.34 1.89 7.63 3.69 10.63 34.86 - 81.82 49.61
Enterprise Value to Revenue (EV/Rev)		 1.55 0.91 2.04 1.65 6.47 3.04 6.17 13.84 - 37.28 18.19
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 104.79 19.52 36.40 - 94.47 58.49
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 88.15 - 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.28 - 1.01 0.79
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.28 - 1.01 0.79
Financial Leverage		 -0.66 -0.64 -0.63 -0.59 -0.57 -0.56 -0.61 -0.60 - -0.60 -0.71
Leverage Ratio		 1.33 1.32 1.36 1.35 1.39 1.41 1.49 2.13 - 2.15 2.13
Compound Leverage Factor		 1.19 1.19 1.27 1.20 1.32 1.21 1.36 2.02 - 2.09 1.35
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 56.07% - 50.22% 44.27%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 56.07% - 50.22% 44.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 43.93% - 49.78% 55.73%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.69 - -1.32 -1.36
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.44 - 0.84 1.27
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.69 - -1.32 -1.36
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -8.13 - -5.97 -6.23
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.23 - 3.79 5.83
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -8.13 - -5.97 -6.23
Altman Z-Score		 0.52 -0.04 0.45 0.34 3.48 0.83 2.40 2.33 - 8.15 4.27
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.71 2.74 2.34 2.34 2.13 2.10 1.75 4.00 - 2.81 2.84
Quick Ratio		 2.50 2.49 2.10 2.18 1.96 1.95 1.59 3.84 - 2.62 2.63
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -58 -53 -67 -27 -20 -16 41 86 193 29 4.16
Operating Cash Flow to CapEx		 -67.98% -37.84% -47.28% 45.99% -49.26% 185.64% 315.43% 103.29% - 85.98% 181.74%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 84.72 - 20.21 2.89
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 28.03 - 10.68 36.80
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.89 - -1.74 16.55
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.30 0.33 0.34 0.36 0.37 0.38 0.39 0.33 - 0.35 0.36
Accounts Receivable Turnover		 5.37 5.89 5.60 5.75 4.93 4.42 5.49 6.63 - 4.93 6.79
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Fixed Asset Turnover		 1.99 1.99 2.02 2.09 2.08 2.14 2.15 2.16 - 2.38 2.46
Accounts Payable Turnover		 22.68 12.59 36.44 26.38 40.20 29.20 16.05 33.84 - 22.73 15.75
Days Sales Outstanding (DSO)		 68.03 62.00 65.24 63.44 74.05 82.57 66.44 55.04 - 74.10 53.79
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00
Days Payable Outstanding (DPO)		 16.09 29.00 10.02 13.83 9.08 12.50 22.75 10.79 - 16.06 23.17
Cash Conversion Cycle (CCC)		 51.94 33.00 55.22 49.60 64.98 70.07 43.70 44.25 - 58.05 30.63
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 201 206 206 211 207 207 152 112 -11 153 139
Invested Capital Turnover		 1.20 1.19 1.27 1.17 1.20 1.21 1.47 1.75 - 1.87 2.60
Increase / (Decrease) in Invested Capital		 34 29 39 11 6.49 0.20 -53 -99 -218 -54 -14
Enterprise Value (EV)		 343 207 480 400 1,581 762 1,619 3,910 - 12,513 6,880
Market Capitalization		 650 491 739 649 1,810 994 1,896 4,142 - 12,797 7,299
Book Value per Share		 $1.80 $1.72 $1.63 $1.58 $1.49 $1.47 $1.44 $1.14 $0.60 $1.28 $1.58
Tangible Book Value per Share		 $1.16 $1.09 $0.99 $0.95 $0.87 $0.86 $0.82 $0.53 ($0.01) $0.74 $1.04
Total Capital		 518 500 473 465 441 445 436 796 635 891 1,013
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 446 447 448 448
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 446 447 448 448
Net Debt		 -307 -284 -258 -249 -229 -233 -278 -232 -194 -284 -419
Capital Expenditures (CapEx)		 10 11 17 8.86 13 9.34 21 28 23 18 29
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -74 -65 -71 -76 -69 -62 -126 -113 -335 -185 -220
Debt-free Net Working Capital (DFNWC)		 234 220 187 173 160 170 152 566 306 546 648
Net Working Capital (NWC)		 234 220 187 173 160 170 152 566 306 546 648
Net Nonoperating Expense (NNE)		 6.34 5.09 11 4.26 22 -3.31 10 46 127 114 -0.10
Net Nonoperating Obligations (NNO)		 -317 -294 -268 -253 -234 -238 -283 -237 -199 -291 -426
Total Depreciation and Amortization (D&A)		 12 13 13 10 9.27 11 11 9.91 10 11 11
Debt-free, Cash-free Net Working Capital to Revenue		 -33.42% -28.37% -30.17% -31.55% -28.04% -24.96% -47.96% -39.89% - -55.21% -58.10%
Debt-free Net Working Capital to Revenue		 105.80% 96.12% 79.34% 71.39% 65.54% 68.06% 57.90% 200.23% - 162.82% 171.18%
Net Working Capital to Revenue		 105.80% 96.12% 79.34% 71.39% 65.54% 68.06% 57.90% 200.23% - 162.82% 171.18%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.10) ($0.10) ($0.13) ($0.07) ($0.12) ($0.04) ($0.07) ($0.19) ($0.50) ($0.40) ($0.03)
Adjusted Weighted Average Basic Shares Outstanding		 279.59M 288.27M 290.36M 293.34M 292.12M 300.27M 304.13M 309.25M 307.80M 345.52M 359.59M
Adjusted Diluted Earnings per Share		 ($0.10) ($0.10) ($0.13) ($0.07) ($0.12) ($0.04) ($0.07) ($0.19) ($0.50) ($0.40) ($0.03)
Adjusted Weighted Average Diluted Shares Outstanding		 279.59M 288.27M 290.36M 293.34M 292.12M 300.27M 304.13M 309.25M 307.80M 345.52M 359.59M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 290.62M 290.77M 293.48M 296.71M 302.25M 303.43M 307.92M 313.66M 346.15M 356.40M 363.85M
Normalized Net Operating Profit after Tax (NOPAT)		 -24 -24 -28 -16 -14 -16 -13 -13 -25 -24 -9.46
Normalized NOPAT Margin		 -40.34% -40.04% -45.35% -25.83% -22.02% -24.05% -17.13% -15.80% - -25.94% -8.15%
Pre Tax Income Margin		 -51.85% -47.73% -61.83% -32.74% -55.33% -17.66% -30.11% -71.87% - -146.43% -7.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -60.58 - -97.90 -9.46
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -12.59 - -16.89 -6.57
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -87.72 - -110.32 -29.71
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -39.73 - -29.31 -26.82
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Planet Labs PBC (NYSE:PL) showed a mixed but improving financial profile in the latest quarter, with revenue growth, stronger operating cash flow, and a very large cash balance offset by continuing net losses and a still-heavy operating cost structure.

  • Revenue increased to $94.2 million in Q1 2027, up from $86.8 million in Q4 2026 and $66.3 million in Q1 2026, showing solid top-line momentum.
  • Gross profit improved to $50.4 million, with gross margin holding near 53%, indicating the company is still generating healthy gross profitability on each dollar of sales.
  • Operating cash flow was positive at $15.4 million in Q1 2027, after $20.6 million in Q4 2026 and $67.8 million in Q2 2026, suggesting the core business can generate cash despite accounting losses.
  • Planet Labs ended Q1 2027 with $731.7 million in cash, restricted cash, and short-term investments, providing a substantial liquidity cushion.
  • Deferred revenue remains significant at $246.9 million total current and noncurrent deferred revenue, which can support future recognized revenue.
  • Operating losses narrowed dramatically from earlier periods: Q1 2027 operating loss was -$34.9 million versus -$60.0 million in Q1 2026, reflecting better operating leverage.
  • The company’s balance sheet still shows meaningful long-term debt of $447.6 million, which is manageable relative to liquidity but remains a key risk factor.
  • Share count has come down over time, with weighted average diluted shares at 345.5 million in Q1 2027 versus 356.4 million a year earlier, though dilution is still a consideration for investors.
  • Net income remained deeply negative at -$138.9 million in Q1 2027, so the company is still far from GAAP profitability.
  • Other expense was unusually large at -$106.7 million in Q1 2027, which pushed pre-tax losses wider and highlights earnings volatility.

Over the last several years, Planet Labs has clearly moved in the right direction on revenue growth and cash generation, while also building a much stronger cash position. However, the company is still operating at a substantial loss, and the road to sustained profitability depends on keeping revenue growth ahead of operating expenses.

From an investor’s perspective, the key takeaway is that Planet Labs looks financially more stable than it did two years ago, but it remains an execution story rather than a profitability story. The large cash reserve reduces near-term balance-sheet risk, but GAAP losses and other non-operating expenses remain the biggest watch items.

09/07/26 12:38 AM ETAI Generated. May Contain Errors.

Planet Labs PBC Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Planet Labs PBC's financial year ends in January. Their financial year 2026 ended on January 31, 2026.

Planet Labs PBC's net income appears to be on an upward trend, with a most recent value of -$246.86 million in 2026, rising from -$123.71 million in 2020. The previous period was -$123.20 million in 2025. View Planet Labs PBC's forecast to see where analysts expect Planet Labs PBC to go next.

Planet Labs PBC's total operating income in 2026 was -$95.07 million, based on the following breakdown:
  • Total Gross Profit: $172.49 million
  • Total Operating Expenses: $267.56 million

Over the last 6 years, Planet Labs PBC's total revenue changed from $95.74 million in 2020 to $307.73 million in 2026, a change of 221.4%.

Planet Labs PBC's total liabilities were at $957.26 million at the end of 2026, a 397.2% increase from 2025, and a 1,540,133.3% increase since 2020.

In the past 6 years, Planet Labs PBC's cash and equivalents has ranged from $0.00 in 2020 to $490.76 million in 2022, and is currently $229.44 million as of their latest financial filing in 2026.

Over the last 6 years, Planet Labs PBC's book value per share changed from 0.00 in 2020 to 0.60 in 2026, a change of 100,016.7%.


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Financial statements for NYSE:PL last updated on 9/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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