Planet Labs Pbc Financials
Planet Labs Pbc (PL) reported $307.7M in revenue for fiscal year 2026, up 25.9% from the prior fiscal year. This page shows its 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).
Revenue expansion is now paired with a more leveraged balance sheet and cash flow that temporarily outran reported earnings.
FY2026 operating cash flow reached$134M even as net income was-$246.9M , a divergence that points to non-cash charges and working-capital movements rather than profitable operations. Free cash flow was still$57.6M after capital expenditures of$76.7M , so the year's cash improvement did not come from earnings alone.
Gross margin climbed to
Liabilities rose to
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Planet Labs Pbc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Planet Labs Pbc, and counted as zero in the overall score.
Planet Labs Pbc scores 3.50, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($7.9B) relative to total liabilities ($957.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Planet Labs Pbc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Planet Labs Pbc reported a net loss of $246.9M while generating $134.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Planet Labs Pbc reported an operating loss of $95.1M against $3.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Planet Labs Pbc generated $307.7M in revenue in fiscal year 2026. This represents an increase of 25.9% from the prior year.
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.
Planet Labs Pbc reported -$246.9M in net income in fiscal year 2026. This represents a decrease of 100.4% from the prior year.
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
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.
Planet Labs Pbc held $229.4M in cash as of fiscal year 2026; long-term debt is not reported for that period.
Not reported for fiscal year 2026.
Margins & Returns
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.
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.
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.
Planet Labs Pbc's ROE was -131.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 103.1 percentage points from the prior year.
Capital Allocation
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.
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.
Not reported for fiscal year 2026.
PL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $335.6M | $307.7M+25.9% | $244.4M+10.7% | $220.7M+15.4% | $191.3M+45.8% | $131.2M | N/A | $95.7M |
| Cost of Revenue | $149.3M | $135.2M+29.3% | $104.6M-2.9% | $107.7M+10.8% | $97.2M+17.2% | $83.0M | N/A | $102.4M |
| Gross Profit | $186.3M | $172.5M+23.4% | $139.7M+23.7% | $113.0M+20.1% | $94.0M+94.9% | $48.2M | N/A | -$6.7M |
| R&D Expenses | $117.1M | $106.7M+5.7% | $101.0M-13.2% | $116.3M+4.9% | $110.9M+66.3% | $66.7M | N/A | $37.9M |
| SG&A Expenses | $97.2M | $88.1M+14.2% | $77.1M-3.6% | $80.1M-0.9% | $80.7M+42.5% | $56.7M | N/A | $27.0M |
| Operating Income | -$107.2M | -$95.1M+18.1% | -$116.1M+31.6% | -$169.7M+3.4% | -$175.7M-37.2% | -$128.1M | N/A | -$106.5M |
| Interest Expense | N/A | $3.4M+313.0% | $832K | $0 | $0-100.0% | $8.8M | N/A | $6.9M |
| Income Tax | $4.7M | $4.7M+89.2% | $2.5M+201.8% | $815K-3.8% | $847K-59.9% | $2.1M | N/A | $130K |
| Net Income | -$373.1M | -$246.9M-100.4% | -$123.2M+12.3% | -$140.5M+13.2% | -$162.0M-18.1% | -$137.1M | N/A | -$123.7M |
| EPS (Diluted) | — | -$0.80-90.5% | -$0.42+16.0% | -$0.50+18.0% | -$0.61 | -$1.72+40.1% | -$2.87+0.7% | -$2.89 |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+80.8% | $633.8M-9.7% | $702.0M-6.7% | $752.7M-8.4% | $821.4M+957848.7% | $86K | N/A |
| Current Assets | $775.4M+156.6% | $302.2M-18.4% | $370.2M-22.2% | $475.7M-13.8% | $551.5M | $0 | N/A |
| Cash & Equivalents | $229.4M+94.4% | $118.0M+40.8% | $83.9M-53.9% | $181.9M-62.9% | $490.8M | N/A | $27.7M |
| Inventory | $6.1M | $0 | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $83.5M+49.6% | $55.8M+28.9% | $43.3M+11.2% | $39.0M-12.2% | $44.4M | N/A | N/A |
| Goodwill | $143.5M+5.2% | $136.3M+0.1% | $136.3M+20.9% | $112.7M+9.2% | $103.2M | N/A | $88.4M |
| Total Liabilities | $957.3M+397.2% | $192.5M+4.6% | $184.0M+4.2% | $176.6M+2.0% | $173.2M+278574.2% | $62K | N/A |
| Current Liabilities | $469.5M+230.4% | $142.1M+4.0% | $136.6M+11.8% | $122.3M-7.4% | $132.0M+212355.3% | $62K | N/A |
| Total Equity | $188.4M-57.3% | $441.3M-14.8% | $518.0M-10.1% | $576.1M-11.1% | $648.2M+2746700.8% | $24K-100.0% | $217.6M |
| Retained Earnings | -$1.4B-20.5% | -$1.2B-11.4% | -$1.1B-15.0% | -$939.3M-20.9% | -$777.0M-55501971.4% | -$1K | N/A |
Not reported in any period shown, so not listed: Long-Term Debt.
PL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $132.5M | $134.4M+1034.8% | -$14.4M+71.7% | -$50.7M+31.4% | -$73.9M-75.2% | -$42.2M | N/A | -$33.7M |
| Capital Expenditures | $85.9M | $76.7M+73.2% | $44.3M+16.6% | $38.0M+263.9% | $10.4M+1.2% | $10.3M | N/A | $16.7M |
| Free Cash Flow | $46.6M | $57.6M+198.3% | -$58.7M+33.9% | -$88.7M-5.1% | -$84.4M-60.6% | -$52.5M | N/A | -$50.4M |
| Investing Cash Flow | -$364.4M | -$393.1M-778.9% | $57.9M+272.4% | -$33.6M+86.1% | -$242.3M-863.3% | -$25.1M | N/A | -$27.2M |
| Financing Cash Flow | $461.4M | $357.1M+2398.4% | -$15.5M-872.2% | -$1.6M-120.3% | $7.9M-98.4% | $489.2M | N/A | $8.7M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 56.0%-1.1pp | 57.2%+6.0pp | 51.2%+2.0pp | 49.1%+12.4pp | 36.8% | N/A | -7.0% |
| Operating Margin | -30.9%+16.6pp | -47.5%+29.4pp | -76.9%+14.9pp | -91.8%+5.7pp | -97.6% | N/A | -111.2% |
| Net Margin | -80.2%-29.8pp | -50.4%+13.3pp | -63.7%+21.0pp | -84.7% | -104.5% | N/A | -129.2% |
| Return on Equity | -131.0%-103.1pp | -27.9%-0.8pp | -27.1%+1.0pp | -28.1%-7.0pp | -21.1% | N/A | -56.8% |
| Return on Assets | -21.6%-2.1pp | -19.4%+0.6pp | -20.0%+1.5pp | -21.5%-4.8pp | -16.7% | N/A | N/A |
| Current Ratio | 1.65-0.5x | 2.13-0.6x | 2.71-1.2x | 3.89-0.3x | 4.18+4.2x | 0.00 | N/A |
| Debt-to-Equity | 5.08+4.6x | 0.44+0.1x | 0.360.0x | 0.310.0x | 0.27-2.4x | 2.63 | N/A |
| FCF Margin | 18.7%+42.7pp | -24.0%+16.2pp | -40.2%+3.9pp | -44.1%-4.1pp | -40.0% | N/A | -52.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where Planet Labs Pbc Ranks
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.
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 Altman Z-Score?
Planet Labs Pbc (PL) has an Altman Z-Score of 3.50, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Planet Labs Pbc's Piotroski F-Score?
Planet Labs Pbc (PL) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $246.9M while generating $134.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $95.1M against $3.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 59 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.