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Planet Labs PBC (PL) Financials

Planet Labs PBC logo
$28.21 +0.00 (+0.01%)
Closing price 03:59 PM Eastern
Extended Trading
$28.40 +0.19 (+0.68%)
As of 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 10/31/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 -38 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139
Consolidated Net Income / (Loss)		 -38 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139
Net Income / (Loss) Continuing Operations		 -38 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139
Total Pre-Tax Income 		-38 -31 -29 -38 -20 -34 -12 -22 -58 -150 -138
Total Operating Income		 -48 -34 -35 -40 -23 -19 -23 -18 -18 -36 -35
Total Gross Profit		 26 32 32 32 38 38 37 42 47 47 50
Total Revenue		 55 59 60 61 61 62 66 73 81 87 94
Operating Revenue		 55 59 60 61 61 62 66 73 81 87 94
Total Cost of Revenue		 29 26 29 29 24 23 30 31 35 40 44
Operating Cost of Revenue		 29 26 29 29 24 23 30 31 35 40 44
Total Operating Expenses		 74 66 66 72 60 58 59 60 65 83 85
Selling, General & Admin Expense		 20 18 19 21 18 19 20 18 19 31 29
Marketing Expense		 21 20 21 24 17 16 16 18 19 20 23
Research & Development Expense		 33 28 26 27 25 23 23 24 27 32 33
Total Other Income / (Expense), net		 10 3.40 5.72 1.81 2.55 -15 11 -4.14 -40 -114 -103
Interest Expense		 - - - - 0.28 - 0.50 - 1.02 - 1.45
Interest & Investment Income		 3.45 3.66 3.11 2.77 2.41 1.97 1.88 2.17 4.41 5.86 5.15
Other Income / (Expense), net		 6.76 -0.26 2.61 -0.97 0.42 -17 9.69 -6.31 -43 -117 -107
Income Tax Expense		 0.36 -0.43 0.44 0.90 0.03 1.12 0.93 0.50 0.78 2.45 1.01
Basic Earnings per Share		 ($0.13) ($0.10) ($0.10) ($0.13) ($0.07) ($0.12) ($0.04) ($0.07) ($0.19) ($0.50) ($0.40)
Weighted Average Basic Shares Outstanding		 284.20M 279.59M 288.27M 290.36M 293.34M 292.12M 300.27M 304.13M 309.25M 307.80M 345.52M
Diluted Earnings per Share		 ($0.13) ($0.10) ($0.10) ($0.13) ($0.07) ($0.12) ($0.04) ($0.07) ($0.19) ($0.50) ($0.40)
Weighted Average Diluted Shares Outstanding		 284.20M 279.59M 288.27M 290.36M 293.34M 292.12M 300.27M 304.13M 309.25M 307.80M 345.52M
Weighted Average Basic & Diluted Shares Outstanding		 287.63M 290.62M 290.77M 293.48M 296.71M 302.25M 303.43M 307.92M 313.66M 346.15M 356.40M

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 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 10/31/2023 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
Net Change in Cash & Equivalents		 -4.77 -18 24 41 -17 -20 16 47 257 -214 140
Net Cash From Operating Activities		 -23 -6.84 -4.30 -7.86 4.08 -6.30 17 68 29 21 15
Net Cash From Continuing Operating Activities		 -23 -6.84 -4.30 -7.86 4.08 -6.30 17 68 29 21 15
Net Income / (Loss) Continuing Operations		 -38 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139
Consolidated Net Income / (Loss)		 -38 -30 -29 -39 -20 -35 -13 -23 -59 -152 -139
Depreciation Expense		 14 12 13 13 10 9.27 11 11 9.91 10 11
Non-Cash Adjustments To Reconcile Net Income		 5.77 13 12 12 12 28 2.16 19 57 138 123
Changes in Operating Assets and Liabilities, net		 -4.26 -1.17 0.35 5.50 2.41 -8.67 17 61 21 25 20
Net Cash From Investing Activities		 20 -9.55 30 51 -11 -13 1.74 -19 -171 -204 30
Net Cash From Continuing Investing Activities		 20 -9.55 30 51 -11 -13 1.74 -19 -171 -204 30
Purchase of Property, Plant & Equipment		 -8.65 -10 -11 -17 -8.86 -13 -9.34 -21 -28 -23 -18
Acquisitions		 -7.54 - -5.09 -0.27 -0.27 -0.23 -0.62 -0.27 -0.26 -5.70 -0.27
Purchase of Investments		 -38 -23 -28 -54 -24 -35 0.00 -22 -185 -221 -33
Sale and/or Maturity of Investments		 75 24 75 122 22 35 12 25 42 45 82
Other Investing Activities, net		 -0.30 -0.45 -0.30 - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 -1.95 -1.24 -2.38 -2.73 -10 -0.23 -9.16 -1.00 398 -31 95
Net Cash From Continuing Financing Activities		 -1.95 -1.24 -2.38 -2.73 -10 -0.23 -9.16 -1.00 398 -31 95
Repayment of Debt		 - - -0.38 0.04 -0.27 -0.13 -2.38 -0.14 -3.07 -0.14 -0.14
Issuance of Debt		 - - - - - - 0.00 - - - 0.00
Issuance of Common Equity		 - - 0.00 - 0.38 0.47 0.35 0.82 0.69 0.95 1.33
Other Financing Activities, net		 -1.95 -1.24 -2.00 -3.47 -10 -0.57 -7.12 -1.68 -48 -32 94
Effect of Exchange Rate Changes		 -0.22 0.08 -0.28 0.24 0.11 -0.28 5.68 -0.01 0.85 0.73 -1.02

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 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027
Period end date 10/31/2022 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
Total Assets		 747 723 720 714 675 658 631 658 696 1,106 1,251
Total Current Assets		 481 435 428 388 346 327 302 325 355 754 849
Cash & Equivalents		 199 141 119 102 107 148 139 133 181 443 368
Restricted Cash		 - - - 7.88 8.80 8.80 6.53 6.61 6.32 0.91 0.90
Short-Term Investments		 226 235 249 213 168 101 103 93 90 234 363
Accounts Receivable		 29 39 40 45 39 44 39 75 52 46 62
Inventories, net		 - - - - - - - - - - 9.34
Prepaid Expenses		 26 19 20 20 23 25 14 17 26 30 46
Plant, Property, & Equipment, net		 115 118 120 114 111 113 117 122 131 145 159
Total Noncurrent Assets		 151 171 172 212 217 218 212 211 210 207 243
Goodwill		 103 113 113 136 137 137 137 138 139 139 143
Intangible Assets		 24 26 28 41 47 48 47 48 47 47 46
Other Noncurrent Operating Assets		 24 26 26 24 23 24 23 20 18 16 47
Other Noncurrent Nonoperating Assets		 - 5.66 5.71 10 9.56 9.54 4.44 5.53 5.53 5.37 6.61
Total Liabilities & Shareholders' Equity		 747 723 720 714 675 658 631 658 696 1,106 1,251
Total Liabilities		 153 164 181 180 174 185 166 214 261 757 808
Total Current Liabilities		 110 112 116 131 126 140 129 155 203 189 303
Accounts Payable		 2.56 15 3.83 4.59 3.13 2.39 3.57 4.10 11 3.45 9.04
Accrued Expenses		 43 34 38 42 43 57 44 29 32 29 59
Current Deferred Revenue		 48 45 57 67 64 65 66 108 148 146 231
Other Current Liabilities		 17 18 18 17 16 16 15 13 12 11 4.29
Total Noncurrent Liabilities		 43 52 65 49 48 45 37 59 57 568 505
Long-Term Debt		 - - - - - - - - - 446 448
Noncurrent Deferred Revenue		 0.00 2.47 18 7.76 13 12 11 30 25 48 16
Other Noncurrent Operating Liabilities		 43 50 46 41 35 33 26 29 32 73 41
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		 594 559 540 534 500 473 465 445 436 350 444
Total Preferred & Common Equity		 594 559 540 534 500 473 465 445 436 350 444
Total Common Equity		 594 559 540 534 500 473 465 445 436 350 444
Common Stock		 1,495 1,531 1,550 1,584 1,609 1,620 1,631 1,657 1,670 1,643 2,028
Retained Earnings		 -901 -974 -1,012 -1,050 -1,109 -1,148 -1,168 -1,216 -1,238 -1,297 -1,589
Accumulated Other Comprehensive Income / (Loss)		 0.94 1.68 1.34 -0.24 0.55 1.25 1.35 3.69 3.85 4.46 4.92

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 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027
Period end date 10/31/2023 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
DEI Shares Outstanding		 - - - - - - - - - 313,664,721.00 346,149,027.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 313,664,721.00 346,149,027.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.49 -0.40
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.42% 11.09% 14.68% 13.64% 10.63% 4.59% 9.64% 20.12% 32.62% - 42.08%
EBITDA Growth		 13.80% 29.39% 33.60% 5.64% 55.03% -18.52% 86.73% 50.20% -329.67% - -6,409.19%
EBIT Growth		 3.65% 17.24% 17.30% 1.59% 45.32% -5.40% 57.49% 40.14% -178.44% - -981.91%
NOPAT Growth		 -12.26% 20.55% 22.65% 8.56% 52.76% 42.90% 34.13% 54.62% 18.88% - -53.21%
Net Income Growth		 5.55% 20.49% 14.95% -1.82% 47.16% -16.85% 56.89% 41.57% -194.73% - -999.71%
EPS Growth		 13.33% 28.57% 23.08% 7.14% 46.15% -20.00% 60.00% 46.15% -171.43% - -900.00%
Operating Cash Flow Growth		 24.56% 53.85% 85.96% -181.88% 117.82% 7.93% 503.68% 962.48% 601.50% - -10.99%
Free Cash Flow Firm Growth		 67.23% -47.14% 15.21% -66.13% 58.94% 65.27% 69.58% 160.52% 423.16% - 281.05%
Invested Capital Growth		 18.73% 20.36% 16.26% 23.75% 5.44% 3.23% 0.10% -25.89% -46.95% - -25.97%
Revenue Q/Q Growth		 3.01% 6.27% 2.70% 1.08% 0.28% 0.47% 7.65% 10.75% 10.72% - 8.44%
EBITDA Q/Q Growth		 5.39% 17.83% 16.46% -45.30% 54.91% -116.55% 90.65% -445.36% -280.26% - 8.98%
EBIT Q/Q Growth		 0.25% 16.83% 6.49% -26.86% 44.58% -60.32% 62.29% -78.64% -154.65% - 7.74%
NOPAT Q/Q Growth		 -10.58% 29.13% -1.93% -14.48% 42.88% 14.34% -17.58% 21.13% -2.12% - 3.09%
Net Income Q/Q Growth		 -0.08% 20.83% 2.64% -32.00% 48.07% -75.06% 64.08% -78.90% -161.97% - 8.91%
EPS Q/Q Growth		 7.14% 23.08% 0.00% -30.00% 46.15% -71.43% 66.67% -75.00% -171.43% - 20.00%
Operating Cash Flow Q/Q Growth		 -338.30% 70.10% 37.15% -82.87% 151.87% -254.44% 375.55% 290.72% -57.81% - -25.23%
Free Cash Flow Firm Q/Q Growth		 -61.13% 11.39% 8.04% -26.54% 60.17% 25.05% 19.47% 351.77% 112.67% - -84.86%
Invested Capital Q/Q Growth		 20.73% 0.14% 2.79% -0.42% 2.87% -1.96% -0.33% -26.27% -26.36% - 1,504.59%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 47.00% 55.19% 52.42% 52.89% 61.24% 62.08% 55.24% 57.60% 57.33% - 53.53%
EBITDA Margin		 -49.60% -38.35% -31.20% -44.85% -20.16% -43.46% -3.78% -18.59% -63.86% - -138.48%
Operating Margin		 -86.42% -57.63% -57.20% -64.78% -36.90% -31.46% -34.36% -24.47% -22.57% - -37.06%
EBIT Margin		 -74.20% -58.07% -52.88% -66.36% -36.68% -58.52% -20.50% -33.07% -76.05% - -150.36%
Profit (Net Income) Margin		 -68.62% -51.12% -48.47% -63.29% -32.78% -57.11% -19.06% -30.79% -72.84% - -147.50%
Tax Burden Percent		 100.94% 98.59% 101.53% 102.37% 100.12% 103.22% 107.93% 102.25% 101.34% - 100.73%
Interest Burden Percent		 91.62% 89.29% 90.28% 93.17% 89.26% 94.55% 86.13% 91.05% 94.51% - 97.38%
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)		 -70.36% -48.44% -47.65% -57.54% -30.31% -26.38% -29.15% -25.13% -27.58% - -48.43%
ROIC Less NNEP Spread (ROIC-NNEP)		 -69.17% -46.70% -46.14% -54.12% -28.86% -18.54% -30.39% -21.50% -8.69% - -5.16%
Return on Net Nonoperating Assets (RNNOA)		 46.52% 31.01% 29.43% 34.27% 16.95% 10.65% 17.11% 13.03% 5.24% - 3.07%
Return on Equity (ROE)		 -23.84% -17.43% -18.22% -23.28% -13.36% -15.72% -12.03% -12.10% -22.35% - -45.36%
Cash Return on Invested Capital (CROIC)		 -84.78% -83.13% -73.25% -79.97% -49.71% -43.02% -35.46% -2.62% 27.41% - -11.90%
Operating Return on Assets (OROA)		 -21.82% -17.62% -17.28% -22.70% -13.19% -21.41% -7.69% -12.81% -24.74% - -52.85%
Return on Assets (ROA)		 -20.18% -15.51% -15.84% -21.65% -11.78% -20.89% -7.15% -11.93% -23.69% - -51.84%
Return on Common Equity (ROCE)		 -23.84% -17.43% -18.22% -23.28% -13.36% -15.72% -12.03% -12.10% -22.35% - -45.36%
Return on Equity Simple (ROE_SIMPLE)		 -27.79% 0.00% -27.05% -28.75% -25.43% 0.00% -23.95% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -34 -24 -24 -28 -16 -14 -16 -13 -13 -25 -24
NOPAT Margin		 -60.49% -40.34% -40.04% -45.35% -25.83% -22.02% -24.05% -17.13% -15.80% - -25.94%
Net Nonoperating Expense Percent (NNEP)		 -1.19% -1.75% -1.51% -3.42% -1.45% -7.84% 1.24% -3.64% -18.89% - -43.27%
Return On Investment Capital (ROIC_SIMPLE)		 - -4.58% -4.84% - - -3.07% -3.58% -2.89% -1.61% -3.97% -2.74%
Cost of Revenue to Revenue		 53.00% 44.81% 47.58% 47.11% 38.76% 37.92% 44.76% 42.40% 42.67% - 46.47%
SG&A Expenses to Revenue		 36.32% 30.41% 31.73% 34.22% 29.57% 30.78% 30.16% 25.21% 23.15% - 30.89%
R&D to Revenue		 59.59% 48.27% 42.34% 44.60% 41.16% 37.29% 34.82% 32.92% 33.63% - 35.50%
Operating Expenses to Revenue		 133.42% 112.82% 109.62% 117.67% 98.14% 93.55% 89.60% 82.07% 79.90% - 90.59%
Earnings before Interest and Taxes (EBIT)		 -41 -34 -32 -41 -22 -36 -14 -24 -62 -153 -142
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -27 -23 -19 -27 -12 -27 -2.50 -14 -52 -143 -130
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.16 1.25 0.98 1.56 1.40 4.10 2.24 4.35 11.85 - 28.84
Price to Tangible Book Value (P/TBV)		 1.73 1.94 1.56 2.56 2.32 7.00 3.84 7.59 25.25 - 50.29
Price to Revenue (P/Rev)		 2.87 2.95 2.15 3.13 2.68 7.41 3.97 7.23 14.66 - 38.13
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)		 1.47 1.71 1.00 2.34 1.89 7.63 3.69 10.63 34.86 - 81.82
Enterprise Value to Revenue (EV/Rev)		 1.37 1.55 0.91 2.04 1.65 6.47 3.04 6.17 13.84 - 37.28
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 0.00 104.79 19.52 36.40 - 94.47
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 88.15 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.28 - 1.01
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.28 - 1.01
Financial Leverage		 -0.67 -0.66 -0.64 -0.63 -0.59 -0.57 -0.56 -0.61 -0.60 - -0.60
Leverage Ratio		 1.30 1.33 1.32 1.36 1.35 1.39 1.41 1.49 2.13 - 2.15
Compound Leverage Factor		 1.19 1.19 1.19 1.27 1.20 1.32 1.21 1.36 2.02 - 2.09
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 56.07% - 50.22%
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% 0.00% 56.07% - 50.22%
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% 100.00% 43.93% - 49.78%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.69 - -1.32
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.44 - 0.84
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.69 - -1.32
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -8.13 - -5.97
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.23 - 3.79
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -8.13 - -5.97
Altman Z-Score		 0.54 0.52 -0.04 0.45 0.34 3.48 0.83 2.40 2.33 - 8.15
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		 2.96 2.71 2.74 2.34 2.34 2.13 2.10 1.75 4.00 - 2.81
Quick Ratio		 2.75 2.50 2.49 2.10 2.18 1.96 1.95 1.59 3.84 - 2.62
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -65 -58 -53 -67 -27 -20 -16 41 86 193 29
Operating Cash Flow to CapEx		 -264.55% -67.98% -37.84% -47.28% 45.99% -49.26% 185.64% 315.43% 103.29% - 85.98%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 84.72 - 20.21
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 28.03 - 10.68
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.89 - -1.74
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.29 0.30 0.33 0.34 0.36 0.37 0.38 0.39 0.33 - 0.35
Accounts Receivable Turnover		 5.79 5.37 5.89 5.60 5.75 4.93 4.42 5.49 6.63 - 4.93
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		 1.87 1.99 1.99 2.02 2.09 2.08 2.14 2.15 2.16 - 2.38
Accounts Payable Turnover		 29.47 22.68 12.59 36.44 26.38 40.20 29.20 16.05 33.84 - 22.73
Days Sales Outstanding (DSO)		 63.00 68.03 62.00 65.24 63.44 74.05 82.57 66.44 55.04 - 74.10
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)		 12.39 16.09 29.00 10.02 13.83 9.08 12.50 22.75 10.79 - 16.06
Cash Conversion Cycle (CCC)		 50.61 51.94 33.00 55.22 49.60 64.98 70.07 43.70 44.25 - 58.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 201 201 206 206 211 207 207 152 112 -11 153
Invested Capital Turnover		 1.16 1.20 1.19 1.27 1.17 1.20 1.21 1.47 1.75 - 1.87
Increase / (Decrease) in Invested Capital		 32 34 29 39 11 6.49 0.20 -53 -99 -218 -54
Enterprise Value (EV)		 294 343 207 480 400 1,581 762 1,619 3,910 - 12,513
Market Capitalization		 617 650 491 739 649 1,810 994 1,896 4,142 - 12,797
Book Value per Share		 $1.87 $1.80 $1.72 $1.63 $1.58 $1.49 $1.47 $1.44 $1.14 $0.60 $1.28
Tangible Book Value per Share		 $1.25 $1.16 $1.09 $0.99 $0.95 $0.87 $0.86 $0.82 $0.53 ($0.01) $0.74
Total Capital		 534 518 500 473 465 441 445 436 796 635 891
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 446 447 448
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 446 447 448
Net Debt		 -323 -307 -284 -258 -249 -229 -233 -278 -232 -194 -284
Capital Expenditures (CapEx)		 8.65 10 11 17 8.86 13 9.34 21 28 23 18
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -66 -74 -65 -71 -76 -69 -62 -126 -113 -335 -185
Debt-free Net Working Capital (DFNWC)		 256 234 220 187 173 160 170 152 566 306 546
Net Working Capital (NWC)		 256 234 220 187 173 160 170 152 566 306 546
Net Nonoperating Expense (NNE)		 4.50 6.34 5.09 11 4.26 22 -3.31 10 46 127 114
Net Nonoperating Obligations (NNO)		 -333 -317 -294 -268 -253 -234 -238 -283 -237 -199 -291
Total Depreciation and Amortization (D&A)		 14 12 13 13 10 9.27 11 11 9.91 10 11
Debt-free, Cash-free Net Working Capital to Revenue		 -30.90% -33.42% -28.37% -30.17% -31.55% -28.04% -24.96% -47.96% -39.89% - -55.21%
Debt-free Net Working Capital to Revenue		 119.35% 105.80% 96.12% 79.34% 71.39% 65.54% 68.06% 57.90% 200.23% - 162.82%
Net Working Capital to Revenue		 119.35% 105.80% 96.12% 79.34% 71.39% 65.54% 68.06% 57.90% 200.23% - 162.82%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.13) ($0.10) ($0.10) ($0.13) ($0.07) ($0.12) ($0.04) ($0.07) ($0.19) ($0.50) ($0.40)
Adjusted Weighted Average Basic Shares Outstanding		 284.20M 279.59M 288.27M 290.36M 293.34M 292.12M 300.27M 304.13M 309.25M 307.80M 345.52M
Adjusted Diluted Earnings per Share		 ($0.13) ($0.10) ($0.10) ($0.13) ($0.07) ($0.12) ($0.04) ($0.07) ($0.19) ($0.50) ($0.40)
Adjusted Weighted Average Diluted Shares Outstanding		 284.20M 279.59M 288.27M 290.36M 293.34M 292.12M 300.27M 304.13M 309.25M 307.80M 345.52M
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		 287.63M 290.62M 290.77M 293.48M 296.71M 302.25M 303.43M 307.92M 313.66M 346.15M 356.40M
Normalized Net Operating Profit after Tax (NOPAT)		 -34 -24 -24 -28 -16 -14 -16 -13 -13 -25 -24
Normalized NOPAT Margin		 -60.49% -40.34% -40.04% -45.35% -25.83% -22.02% -24.05% -17.13% -15.80% - -25.94%
Pre Tax Income Margin		 -67.98% -51.85% -47.73% -61.83% -32.74% -55.33% -17.66% -30.11% -71.87% - -146.43%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -60.58 - -97.90
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -12.59 - -16.89
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -87.72 - -110.32
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -39.73 - -29.31
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) has shown a clear pattern across the last four years: steady topline growth but ongoing profitability challenges, with cash flow fluctuating as the company finances its growth. The following bullets highlight the most impactful trends based on quarterly statements provided.

  • Revenue growth – notable expansion from 2024 to 2026: Operating revenue rose from about $58.9 million in Q4 2024 to $86.8 million in Q4 2026, a meaningful year-over-year uplift that signals ongoing demand and scaling of satellite data services.
  • Rising gross profit confirms improving unit economics but margins remain variable: Total gross profit grew from roughly $32.5 million in Q4 2024 to $47.0 million in Q4 2026, while the gross margin has oscillated in the mid-50% range (higher in some periods, dipping in others such as Q4 2026).
  • Operating cash flow turns positive in several quarters: Net cash from continuing operating activities was positive in multiple periods, including about $67.8 million in Q2 2026, $28.6 million in Q3 2026, and $20.6 million in Q4 2026, indicating improved cash generation from core operations at times.
  • Financing activity provided a significant one-time cash boost in some quarters: In Q3 2026, net cash from financing activities was a sizable inflow (approximately $398 million), helping to support investing and working capital needs during that period.
  • Liquidity and balance sheet mix show substantial cash and investments at points: Cash & equivalents and short-term investments fluctuated meaningfully by quarter (for example, Q3 2026 shows strong cash and liquidity levels), contributing to a cushion that supports ongoing capex and growth initiatives.
  • Liability and equity posture remains leveraged but with positive equity buffers historically: Total liabilities have grown alongside total assets, with Total equity generally in the several hundred million range in recent periods, indicating a financing approach that leverages equity and debt to fund growth rather than immediate solvency concerns.
  • Revenue mix and cost structure evolve over time: Core operating costs (SG&A, marketing, and R&D) remain substantial as the company invests in scale; the evolving mix suggests ongoing investments in product development and go-to-market efforts).
  • Persistent net losses weigh on earnings: Across quarters, net income/loss remains negative, with large-year swings (for example, Q4 2026 net income of about -$152.5 million), underscoring ongoing profitability challenges despite revenue growth.
  • Material non-cash and non-operating items distort pretax results: Significant negative items from other income/expense (e.g., large negative totals in some quarters, such as -$114.0 million for Total Other Income in Q4 2026) compress pretax income and complicate the earnings narrative.
  • Investing activities create substantial cash outflows: Net cash used in investing activities has been sizable in several quarters (examples include large negative numbers in Q3 2026 and Q4 2026), indicating continued capital deployment and asset purchases as the company scales.
  • Ongoing quarterly cash burn despite improving operating cash flow: While some quarters show positive operating cash flow, overall quarterly cash burn remains a theme due to investing and financing needs, culminating in a negative net change in cash in some periods (for instance, a notable cash decline in Q4 2026).
06/17/26 08:25 PM 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. See Planet Labs PBC's forecast for analyst expectations on what's next for the company.

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 6/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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