Welcome to our dedicated page for Planet Labs Pbc SEC filings (Ticker: PL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Planet Labs PBC filings document an Earth-observation company that provides satellite imagery, geospatial data, and related software solutions. The company’s 8-K reports include operating results, Regulation FD disclosures, material agreements, and other events tied to its commercial and government satellite-data business.
Recent filings also describe capital-structure matters involving Class A common stock, Class B common stock, earnout share issuances, and public warrants originally issued with IPO units. The record includes warrant redemption disclosures and a Form 25 covering removal of the redeemable warrants from NYSE listing and registration.
Planet Labs PBC President & CFO Ashley F. Johnson reported routine share withholding for taxes related to vesting restricted stock units (RSUs). On this Form 4, 91,530 shares of Class A Common Stock were withheld by the company at $30.58 per share to cover withholding tax liability, and no shares were sold by Johnson.
After the transaction, Johnson directly holds 1,277,924 shares of Class A Common Stock and indirectly holds 525,708 shares through the Johnson Joint Revocable Trust. The position also includes 1,132,122 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December, each representing the right to receive one share of Class A Common Stock.
Planet Labs PBC co-founder and chief strategy officer Robert H. Schingler reported a routine tax-related share disposition. On the RSU vesting date, 54,116 shares of Class A Common Stock were withheld by the company at $30.58 per share to cover withholding tax liability, and no shares were sold in the market. Following this, Schingler directly holds 890,134 shares of Class A Common Stock and indirectly holds 250,171 shares through the Ulysses Trust 02021.1. Footnotes also indicate 744,984 restricted stock units that vest in equal quarterly installments, each RSU representing a right to receive one share.
Planet Labs PBC director and Co-Founder and CEO Marshall William Spencer reported a tax-related share disposition. On the vesting of restricted stock units, the company withheld 134,641 shares of Class A Common Stock at a value of $30.58 per share to cover withholding tax liability.
The filing states that no shares were sold by Spencer in the market. After this withholding, he directly holds 2,903,115 shares of Class A Common Stock and has 1,958.188 restricted stock units that will continue to vest in equal quarterly installments on the 15th of March, June, September and December.
Planet Labs PBC established an at-the-market equity program to offer and sell up to $1,500,000,000 of Class A common stock under an effective shelf registration statement. Sales may be made through multiple banks acting as sales agents or principals, or via range forward sale agreements with affiliated forward purchasers.
The company can direct timing, size and minimum price of share sales and will pay commissions of up to 2% on both direct ATM issuances and associated forward hedging transactions. Range forward structures allow prepayments and final settlements based on volume-weighted average prices within preset floor and cap levels, giving Planet Labs flexible mechanisms to raise cash over time.
Planet Labs PBC is offering shares of its Class A common stock having an aggregate offering price of up to $1,500,000,000 through an at-the-market equity distribution agreement and, optionally, through range forward sale agreements with designated forward purchasers. The prospectus supplement describes mechanics for sales by sales agents, possible range forward hedging by forward purchasers, commission caps of 2.0%, and illustrative share and dilution metrics based on an assumed price of $43.53 per share.
The offering may include sales of borrowed hedging shares by forward sellers during initial hedging periods and contemplates prepayment and physical settlement mechanics for range forward components, subject to floors, caps, adjustments and termination rights described in the range forward sale agreements. Use of proceeds is stated as funding future growth, potential acquisitions, and general corporate purposes.
Planet Labs PBC filed a Form S-3 shelf registration dated June 5, 2026 to permit the sale from time to time of its securities, principally Class A common stock, with specific terms to be provided in prospectus supplements. The shelf is maintained as an automatic shelf for a well-known seasoned issuer.
The prospectus states that offers under this registration may be made directly or through agents, underwriters or dealers, and that net proceeds are expected to be used for working capital and general corporate purposes, with other uses described in prospectus supplements.
Planet Labs PBC reported strong revenue growth but a much larger loss for the quarter ended April 30, 2026. Revenue rose to $94.2 million from $66.3 million, driven by defense and intelligence customers and broad-based geographic growth.
Net loss widened sharply to $138.9 million from $12.6 million, mainly due to a $106.5 million non-cash loss from the change in fair value of warrant liabilities and higher operating expenses, including stock-based compensation of $16.9 million. Operating cash flow remained positive at $15.4 million.
Planet ended the quarter with $375.6 million in cash, cash equivalents and restricted cash and $362.7 million of short-term investments. Warrant exercises generated $107.8 million in cash, eliminated public and private warrant liabilities, and helped lift stockholders’ equity to $443.7 million. The company also has $460.0 million of 0.50% convertible senior notes due 2030 and reported remaining performance obligations of $816.0 million.
Planet Labs PBC filed an amended annual report to add previously omitted governance disclosures, without changing any financial statements. The amendment describes new Rule 10b5-1 trading plans for three directors and adds the company’s compensation clawback policy as an exhibit.
The plans allow Ita Brennan to sell up to 71,000 Class A shares, Kristen Robinson (through the Robinson Trust) up to 117,107 Class A shares, and Gen. John W. Raymond (through the Raymond Trust) up to 32,468 Class A shares, each through January 31, 2027. The filing also includes updated CEO and CFO certifications required for the amended report.
Planet Labs PBC reported record first-quarter fiscal 2027 revenue of $94.2 million, up 42% year-over-year. Growth was driven by 99% recurring annual contract value and strong government and commercial demand. Remaining performance obligations rose 81% year-over-year to $816.0 million, and backlog increased 72% to $906.1 million, supporting future revenue visibility.
The company posted a GAAP net loss of $138.9 million, largely from a $106.5 million non-cash loss on warrant revaluation tied to stock price appreciation. Non-GAAP net loss was $8.8 million and adjusted EBITDA loss was $1.0 million. Operating cash flow was $15.4 million and free cash flow was negative $2.5 million. Planet ended the quarter with $730.8 million in cash, cash equivalents and short-term investments.
For the second quarter, Planet guides revenue to $102–$107 million, non-GAAP gross margin of 52–55% and adjusted EBITDA between $0 and $5 million. Full-year fiscal 2027 revenue is expected at $425–$441 million with adjusted EBITDA between $0 and $10 million and capital expenditures of $80–$95 million.
Planet Labs PBC reported record first-quarter fiscal 2027 revenue of $94.2 million, up 42% year-over-year. Growth was driven by 99% recurring annual contract value and strong government and commercial demand. Remaining performance obligations rose 81% year-over-year to $816.0 million, and backlog increased 72% to $906.1 million, supporting future revenue visibility.
The company posted a GAAP net loss of $138.9 million, largely from a $106.5 million non-cash loss on warrant revaluation tied to stock price appreciation. Non-GAAP net loss was $8.8 million and adjusted EBITDA loss was $1.0 million. Operating cash flow was $15.4 million and free cash flow was negative $2.5 million. Planet ended the quarter with $730.8 million in cash, cash equivalents and short-term investments.
For the second quarter, Planet guides revenue to $102–$107 million, non-GAAP gross margin of 52–55% and adjusted EBITDA between $0 and $5 million. Full-year fiscal 2027 revenue is expected at $425–$441 million with adjusted EBITDA between $0 and $10 million and capital expenditures of $80–$95 million.
Planet Labs PBC is asking stockholders to vote at its fully virtual 2026 Annual Meeting on July 9, 2026. Stockholders will be asked to re-elect three Class II directors (Vijaya Gadde, General John W. Raymond and Scott Reese), ratify KPMG LLP as auditor, and approve a non-binding advisory vote on executive pay.
The proxy highlights fiscal 2026 revenue of $307.7 million, up 26% from $244.4 million, with a net loss of ($246.9) million but positive adjusted EBITDA of $15.5 million. Gross margin was 56% (non-GAAP 59%). Planet ended the year with $640.1 million in cash, $852.4 million of remaining performance obligations, and $900.4 million of backlog.
The company emphasizes governance practices such as an independent-majority board, fully independent committees, annual self-evaluations, an anti-hedging policy, and its status as a Delaware public benefit corporation with a dual-class share structure (Class A one vote per share, Class B twenty votes per share). The board recommends voting FOR all three proposals.