What is Planet Labs Pbc's earnings per share (EPS)?

Planet Labs Pbc (PL) reported diluted earnings per share of $-0.80 for fiscal year 2026. This represents a -90.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Planet Labs Pbc Financials

Source SEC Filings (10-K/10-Q) Updated Mar 23, 2026 Currency USD FYE March

This page shows Planet Labs Pbc (PL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 30/100

Based on FY2026 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Planet Labs Pbc has an operating margin of -30.9%, meaning the company retains $-31 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -47.5% the prior year.

Growth

Planet Labs Pbc's revenue surged 25.9% year-over-year to $307.7M, reflecting rapid business expansion. This strong growth earns a score of 77/100.

Leverage

Planet Labs Pbc has elevated debt relative to equity (D/E of 5.08), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Planet Labs Pbc's current ratio of 1.65 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.

Cash Flow

Planet Labs Pbc converts 18.7% of revenue into free cash flow ($57.6M). This strong cash generation earns a score of 72/100.

Returns

Planet Labs Pbc generates a -131.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -27.7% the prior year.

Piotroski F-Score Weak

2/9

Planet Labs Pbc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Mixed

-0.54x

For every $1 of reported earnings, Planet Labs Pbc generates $-0.54 in operating cash flow ($134.4M OCF vs -$246.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-49.0x

Planet Labs Pbc earns $-49.0 in operating income for every $1 of interest expense (-$95.1M vs $1.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$307.7M

YoY+25.9%

5Y CAGR+22.1%

Planet Labs Pbc generated $307.7M in revenue in fiscal year 2026. This represents an increase of 25.9% from the prior year.

EBITDA

-$53.2M

YoY+24.5%

Planet Labs Pbc's EBITDA was -$53.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.5% from the prior year.

Net Income

-$246.9M

YoY-100.4%

Planet Labs Pbc reported -$246.9M in net income in fiscal year 2026. This represents a decrease of 100.4% from the prior year.

EPS (Diluted)

$-0.80

YoY-90.5%

Planet Labs Pbc earned $-0.80 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 90.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$57.6M

YoY+198.3%

Planet Labs Pbc generated $57.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 198.3% from the prior year.

Cash & Debt

$229.4M

YoY+71.9%

5Y CAGR+23.5%

Planet Labs Pbc held $229.4M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

323M

Planet Labs Pbc had 323M shares outstanding in fiscal year 2026.

Margins & Returns

Gross Margin

56.0%

YoY-1.1pp

5Y CAGR+33.3pp

Planet Labs Pbc's gross margin was 56.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.

Operating Margin

-30.9%

YoY+16.6pp

5Y CAGR+46.4pp

Planet Labs Pbc's operating margin was -30.9% in fiscal year 2026, reflecting core business profitability. This is up 16.6 percentage points from the prior year.

Net Margin

-80.2%

YoY-29.8pp

5Y CAGR+32.1pp

Planet Labs Pbc's net profit margin was -80.2% in fiscal year 2026, showing the share of revenue converted to profit. This is down 29.8 percentage points from the prior year.

Return on Equity

-131.0%

YoY-103.3pp

Planet Labs Pbc's ROE was -131.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 103.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$106.7M

YoY+5.7%

5Y CAGR+19.5%

Planet Labs Pbc invested $106.7M in research and development in fiscal year 2026. This represents an increase of 5.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$76.7M

YoY+73.2%

5Y CAGR+24.1%

Planet Labs Pbc invested $76.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 73.2% from the prior year.

PL Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$307.7M+25.9%	$244.4M+10.7%	$220.7M+15.4%	$191.3M+45.8%	$131.2M+15.9%	$113.2M
Cost of Revenue	$135.2M+29.3%	$104.6M-2.9%	$107.7M+10.8%	$97.2M+17.2%	$83.0M-5.0%	$87.4M
Gross Profit	$172.5M+23.4%	$139.7M+23.7%	$113.0M+20.1%	$94.0M+94.9%	$48.2M+87.0%	$25.8M
R&D Expenses	$106.7M+5.7%	$101.0M-13.2%	$116.3M+4.9%	$110.9M+66.3%	$66.7M+52.2%	$43.8M
SG&A Expenses	$88.1M+14.2%	$77.1M-3.6%	$80.1M-0.9%	$80.7M+42.5%	$56.7M+76.4%	$32.1M
Operating Income	-$95.1M+18.1%	-$116.1M+31.6%	-$169.7M+3.4%	-$175.7M-37.2%	-$128.1M-46.4%	-$87.4M
Interest Expense	$1.9M	N/A	$0	$0-100.0%	$8.8M-7.1%	$9.4M
Income Tax	$4.7M+89.2%	$2.5M+201.8%	$815K-3.8%	$847K-59.9%	$2.1M+96.6%	$1.1M
Net Income	-$246.9M-100.4%	-$123.2M+12.3%	-$140.5M+13.2%	-$162.0M-18.1%	-$137.1M-7.9%	-$127.1M
EPS (Diluted)	$-0.80-90.5%	$-0.42+16.0%	$-0.50+18.0%	$-0.61+64.5%	$-1.72+40.1%	$-2.87

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$81.3M+10.7%	$73.4M+10.7%	$66.3M+7.7%	$61.6M+0.5%	$61.3M+0.3%	$61.1M+1.1%	$60.4M+2.7%	$58.9M
Cost of Revenue	$34.7M+11.4%	$31.1M+4.9%	$29.7M+27.1%	$23.3M-1.7%	$23.7M-17.5%	$28.8M+0.1%	$28.8M+9.0%	$26.4M
Gross Profit	$46.6M+10.2%	$42.3M+15.5%	$36.6M-4.2%	$38.2M+1.9%	$37.5M+16.1%	$32.3M+2.0%	$31.7M-2.5%	$32.5M
R&D Expenses	$27.3M+13.1%	$24.2M+4.7%	$23.1M+0.5%	$23.0M-9.0%	$25.2M-7.5%	$27.3M+6.5%	$25.6M-9.9%	$28.4M
SG&A Expenses	$18.8M+1.7%	$18.5M-7.4%	$20.0M+5.5%	$18.9M+4.6%	$18.1M-13.3%	$20.9M+9.0%	$19.2M+7.2%	$17.9M
Operating Income	-$18.3M-2.1%	-$18.0M+21.1%	-$22.8M-17.6%	-$19.4M+14.3%	-$22.6M+42.9%	-$39.6M-14.5%	-$34.6M-1.9%	-$33.9M
Interest Expense	$1.0M	N/A	N/A	N/A	$277K	N/A	N/A	N/A
Income Tax	$784K+57.7%	$497K-46.4%	$928K-15.3%	$1.1M+4284.0%	$25K-97.2%	$897K+102.9%	$442K+203.0%	-$429K
Net Income	-$59.2M-162.0%	-$22.6M-78.9%	-$12.6M+64.1%	-$35.2M-75.1%	-$20.1M+48.1%	-$38.7M-32.0%	-$29.3M+2.6%	-$30.1M
EPS (Diluted)	$-0.19-171.4%	$-0.07-75.0%	$-0.04	N/A	$-0.07+46.2%	$-0.13-30.0%	$-0.10	N/A

PL Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$1.1B+74.0%	$658.4M-2.4%	$674.6M-6.8%	$723.5M-9.1%	$796.0M+129.7%	$346.5M
Current Assets	$775.4M+138.7%	$324.8M-6.1%	$346.0M-20.4%	$434.5M-17.6%	$527.3M+35820.5%	$1.5M
Cash & Equivalents	$229.4M+71.9%	$133.5M+24.3%	$107.4M-23.7%	$140.8M-70.9%	$484.5M+507.3%	$79.8M
Inventory	$6.1M	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$83.5M+11.9%	$74.7M+93.8%	$38.5M-1.4%	$39.1M+59.0%	$24.6M	N/A
Goodwill	$143.5M+3.6%	$138.5M+1.0%	$137.1M+21.6%	$112.7M+9.2%	$103.2M	N/A
Total Liabilities	$957.3M+348.2%	$213.6M+22.6%	$174.3M+6.2%	$164.1M-0.7%	$165.3M-57.9%	$392.2M
Current Liabilities	$469.5M+203.7%	$154.6M+22.3%	$126.4M+13.2%	$111.7M-13.7%	$129.5M+29639.2%	$435K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$188.4M-57.6%	$444.8M-11.1%	$500.3M-10.6%	$559.3M-11.3%	$630.7M+1481.0%	-$45.7M
Retained Earnings	-$1.4B-19.3%	-$1.2B-9.6%	-$1.1B-13.9%	-$973.7M-18.5%	-$821.7M-1699.1%	-$45.7M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$1.1B+58.8%	$696.4M+5.8%	$658.4M+3.9%	$633.8M+0.5%	$630.8M-4.2%	$658.4M-2.4%	$674.6M-3.9%	$702.0M
Current Assets	$754.1M+112.2%	$355.5M+9.4%	$324.8M+7.5%	$302.2M+0.2%	$301.6M-7.7%	$326.7M-5.6%	$346.0M-6.5%	$370.2M
Cash & Equivalents	$443.3M+144.8%	$181.1M+35.7%	$133.5M+13.1%	$118.0M-15.1%	$139.0M-6.3%	$148.3M+38.1%	$107.4M+28.0%	$83.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$46.3M-10.3%	$51.6M-30.8%	$74.7M+33.7%	$55.8M+43.7%	$38.9M-11.5%	$43.9M+14.0%	$38.5M-11.1%	$43.3M
Goodwill	$139.0M+0.2%	$138.6M+0.1%	$138.5M+1.6%	$136.3M-0.8%	$137.4M+0.1%	$137.3M+0.2%	$137.1M+0.6%	$136.3M
Total Liabilities	$756.5M+190.1%	$260.7M+22.1%	$213.6M+10.9%	$192.5M+15.9%	$166.2M-10.2%	$185.1M+6.2%	$174.3M-5.3%	$184.0M
Current Liabilities	$188.6M-7.3%	$203.5M+31.7%	$154.6M+8.8%	$142.1M+10.1%	$129.1M-7.6%	$139.7M+10.5%	$126.4M-7.5%	$136.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$349.6M-19.8%	$435.7M-2.0%	$444.8M+0.8%	$441.3M-5.0%	$464.6M-1.8%	$473.2M-5.4%	$500.3M-3.4%	$518.0M
Retained Earnings	-$1.3B-4.8%	-$1.2B-1.9%	-$1.2B-1.0%	-$1.2B-3.0%	-$1.2B-1.7%	-$1.1B-3.5%	-$1.1B-2.7%	-$1.1B

PL Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$134.4M+1034.8%	-$14.4M+71.7%	-$50.7M+31.4%	-$73.9M-75.2%	-$42.2M-948.2%	-$4.0M
Capital Expenditures	$76.7M+73.2%	$44.3M+16.6%	$38.0M+263.9%	$10.4M+1.2%	$10.3M-60.5%	$26.1M
Free Cash Flow	$57.6M+198.3%	-$58.7M+33.9%	-$88.7M-5.1%	-$84.4M-60.6%	-$52.5M-74.4%	-$30.1M
Investing Cash Flow	-$393.1M-778.9%	$57.9M+272.4%	-$33.6M+86.1%	-$242.3M-863.3%	-$25.1M+18.3%	-$30.8M
Financing Cash Flow	$357.1M+2398.4%	-$15.5M-872.2%	-$1.6M-120.3%	$7.9M-98.4%	$489.2M+482.8%	$83.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$28.6M-57.8%	$67.8M+290.7%	$17.3M+375.6%	-$6.3M-254.4%	$4.1M+151.9%	-$7.9M-82.9%	-$4.3M+37.2%	-$6.8M
Capital Expenditures	$26.7M+31.6%	$20.3M+149.9%	$8.1M-30.0%	$11.6M+52.0%	$7.6M-49.5%	$15.1M+52.2%	$9.9M+11.6%	$8.9M
Free Cash Flow	$1.9M-96.0%	$47.5M+414.6%	$9.2M+151.6%	-$17.9M-403.2%	-$3.6M+84.5%	-$23.0M-61.4%	-$14.2M+9.6%	-$15.7M
Investing Cash Flow	-$171.0M-779.8%	-$19.4M-1217.1%	$1.7M+113.2%	-$13.1M-22.9%	-$10.7M-120.9%	$51.2M+68.1%	$30.5M+419.1%	-$9.6M
Financing Cash Flow	$398.3M+39766.8%	-$1.0M+89.0%	-$9.2M-3830.9%	-$233K+97.7%	-$10.2M-273.3%	-$2.7M-15.0%	-$2.4M-91.4%	-$1.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PL Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	56.0%-1.1pp	57.2%+6.0pp	51.2%+2.0pp	49.1%+12.4pp	36.8%+14.0pp	22.8%
Operating Margin	-30.9%+16.6pp	-47.5%+29.4pp	-76.9%+14.9pp	-91.8%+5.7pp	-97.6%-20.3pp	-77.3%
Net Margin	-80.2%-29.8pp	-50.4%+13.3pp	-63.7%+21.0pp	-84.7%+19.8pp	-104.5%+7.8pp	-112.3%
Return on Equity	-131.0%-103.3pp	-27.7%+0.4pp	-28.1%+0.9pp	-29.0%-7.2pp	-21.7%	N/A
Return on Assets	-21.6%-2.8pp	-18.7%+2.1pp	-20.8%+1.6pp	-22.4%-5.2pp	-17.2%+19.4pp	-36.7%
Current Ratio	1.65-0.4	2.10-0.6	2.74-1.2	3.89-0.2	4.07+0.7	3.37
Debt-to-Equity	5.08+4.6	0.48+0.1	0.35+0.1	0.29+0.0	0.26+8.8	-8.59
FCF Margin	18.7%+42.7pp	-24.0%+16.2pp	-40.2%+3.9pp	-44.1%-4.1pp	-40.0%-13.4pp	-26.6%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	57.3%-0.3pp	57.6%+2.4pp	55.2%-6.8pp	62.1%+0.8pp	61.2%+8.4pp	52.9%+0.5pp	52.4%-2.8pp	55.2%
Operating Margin	-22.6%+1.9pp	-24.5%+9.9pp	-34.4%-2.9pp	-31.5%+5.4pp	-36.9%+27.9pp	-64.8%-7.6pp	-57.2%+0.4pp	-57.6%
Net Margin	-72.8%-42.1pp	-30.8%-11.7pp	-19.1%+38.1pp	-57.1%-24.3pp	-32.8%+30.5pp	-63.3%-14.8pp	-48.5%+2.6pp	-51.1%
Return on Equity	-16.9%-11.7pp	-5.2%-2.4pp	-2.8%+5.1pp	-8.0%-3.6pp	-4.3%+3.8pp	-8.2%-2.3pp	-5.9%-0.0pp	-5.8%
Return on Assets	-5.3%-2.1pp	-3.2%-1.3pp	-1.9%+3.6pp	-5.5%-2.4pp	-3.2%+2.7pp	-5.9%-1.5pp	-4.3%-0.1pp	-4.3%
Current Ratio	4.00+2.3	1.75-0.4	2.10-0.0	2.13-0.2	2.340.0	2.34-0.4	2.74+0.0	2.71
Debt-to-Equity	2.16+1.6	0.60+0.1	0.48+0.0	0.44+0.1	0.36-0.0	0.39+0.0	0.350.0	0.36
FCF Margin	2.3%-62.4pp	64.7%+50.8pp	13.9%+43.0pp	-29.1%-23.3pp	-5.8%+31.8pp	-37.6%-14.1pp	-23.5%+3.2pp	-26.8%

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Frequently Asked Questions

What is Planet Labs Pbc's annual revenue?

Planet Labs Pbc (PL) reported $307.7M in total revenue for fiscal year 2026. This represents a 25.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Planet Labs Pbc's revenue growing?

Planet Labs Pbc (PL) revenue grew by 25.9% year-over-year, from $244.4M to $307.7M in fiscal year 2026.

Is Planet Labs Pbc profitable?

No, Planet Labs Pbc (PL) reported a net income of -$246.9M in fiscal year 2026, with a net profit margin of -80.2%.

What is Planet Labs Pbc's EBITDA?

Planet Labs Pbc (PL) had EBITDA of -$53.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Planet Labs Pbc's gross margin?

Planet Labs Pbc (PL) had a gross margin of 56.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Planet Labs Pbc's operating margin?

Planet Labs Pbc (PL) had an operating margin of -30.9% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Planet Labs Pbc's net profit margin?

Planet Labs Pbc (PL) had a net profit margin of -80.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Planet Labs Pbc's return on equity (ROE)?

Planet Labs Pbc (PL) has a return on equity of -131.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Planet Labs Pbc's free cash flow?

Planet Labs Pbc (PL) generated $57.6M in free cash flow during fiscal year 2026. This represents a 198.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Planet Labs Pbc's operating cash flow?

Planet Labs Pbc (PL) generated $134.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Planet Labs Pbc's total assets?

Planet Labs Pbc (PL) had $1.1B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Planet Labs Pbc's capital expenditures?

Planet Labs Pbc (PL) invested $76.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Planet Labs Pbc spend on research and development?

Planet Labs Pbc (PL) invested $106.7M in research and development during fiscal year 2026.

How many shares does Planet Labs Pbc have outstanding?

Planet Labs Pbc (PL) had 323M shares outstanding as of fiscal year 2026.

What is Planet Labs Pbc's current ratio?

Planet Labs Pbc (PL) had a current ratio of 1.65 as of fiscal year 2026, which is generally considered healthy.

What is Planet Labs Pbc's debt-to-equity ratio?

Planet Labs Pbc (PL) had a debt-to-equity ratio of 5.08 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Planet Labs Pbc's return on assets (ROA)?

Planet Labs Pbc (PL) had a return on assets of -21.6% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Planet Labs Pbc's Piotroski F-Score?

Planet Labs Pbc (PL) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Planet Labs Pbc's earnings high quality?

Planet Labs Pbc (PL) has an earnings quality ratio of -0.54x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Planet Labs Pbc cover its interest payments?

Planet Labs Pbc (PL) has an interest coverage ratio of -49.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Planet Labs Pbc?

Planet Labs Pbc (PL) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.