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Financials · PL

Planet Labs PBC (PL) financials

For the twelve months ended Jul 31, 2026, Planet Labs PBC reported $378.28M of revenue and -$359.87M of net income.

Revenue, TTM
$378.28M
Revenue growth, YoY
+44.1%
Net income, TTM
-$359.87M
Net margin
-95.1%
Free cash flow, TTM
$24.67M
EPS, diluted, TTM
-$1.12
Cash
$415.13M
P/S
12.07
Market cap
$4.56B
Annual revenue$307.73M
FY2020FY2026
Annual net income-$246.86M
FY2020FY2026
Annual free cash flow$57.65M
FY2020FY2026

PL revenue and earnings growth

PL revenueQ2 2027$116.05M

Quarter YoY
+58.1%
QoQ
+23.3%
FY YoY
+25.9%
5Y CAGR
+22.1%

PL revenue was $116.05M in fiscal Q2 2027 (ended Jul 31, 2026), up 58.1% from a year earlier and up 23.3% from the prior quarter. For the full fiscal 2026 it was $307.73M, up 25.9% from fiscal 2025. Compound annual growth was +22.1% over 5 years. It rose in each of the last 6 fiscal years. Fiscal 2026 is the highest of the 7 fiscal years on file.

PL net incomeQ2 2027-$9.35M

PL net income was -$9.35M in fiscal Q2 2027 (ended Jul 31, 2026), compared with -$22.59M a year earlier. For the full fiscal 2026 it was -$246.86M, compared with -$123.20M in fiscal 2025.

PL EPSQ2 2027-$0.03

PL diluted EPS was -$0.03 in fiscal Q2 2027 (ended Jul 31, 2026), compared with -$0.07 a year earlier. For the full fiscal 2026 it was -$0.80, compared with -$0.42 in fiscal 2025.

PL free cash flowQ2 2027$25.60M

Quarter YoY
-46.1%

PL free cash flow was $25.60M in fiscal Q2 2027 (ended Jul 31, 2026), down 46.1% from a year earlier. For the full fiscal 2026 it was $57.65M, compared with -$58.67M in fiscal 2025. Fiscal 2026 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
FY2026
Jan 31, 2026
FY2025
Jan 31, 2025
FY2024
Jan 31, 2024
FY2023
Jan 31, 2023
FY2022
Jan 31, 2022
FY2021
Jan 31, 2021
FY2020
Jan 31, 2020
Revenue$307.73M$244.35M$220.70M$191.26M$131.21M$113.17M$95.74M
Cost of revenue$135.24M$104.63M$107.75M$97.25M$82.99M$87.38M$102.39M
Gross profit$172.49M$139.72M$112.95M$94.01M$48.22M$25.79M-$6.66M
Research and development$106.75M$101.01M$116.34M$110.92M$66.68M$43.83M$37.87M
Selling, general and admin$88.13M$77.15M$80.06M$80.75M$56.67M$32.13M$27.02M
Operating income-$95.07M-$116.12M-$169.75M-$175.68M-$128.05M-$87.44M-$106.46M
Interest expense$3.44M$832.0K$0$0$8.77M$9.45M$6.95M
Pre-tax income-$242.21M-$120.74M-$139.69M-$161.12M-$135.01M-$126.03M-$123.58M
Income tax$4.66M$2.46M$815.0K$847.0K$2.11M$1.07M$130.0K
Net income-$246.86M-$123.20M-$140.51M-$161.97M-$137.12M-$127.10M-$123.71M
EPS, basic-$0.80-$0.42-$0.50-$0.61-$1.72-$2.87-$2.89
EPS, diluted-$0.80-$0.42-$0.50-$0.61-$1.72-$2.87-$2.89
Diluted shares307.8M292.1M279.6M267.1M79.6M44.2M42.9M

Balance sheet

Balance sheet
Line item
FY2026
Jan 31, 2026
FY2025
Jan 31, 2025
FY2024
Jan 31, 2024
FY2023
Jan 31, 2023
FY2022
Jan 31, 2022
FY2021
Jan 31, 2021
FY2020
Jan 31, 2020
Cash and equivalents$229.44M$129.99M$102.20M$188.08M$496.81M$76.54M$27.74M
Receivables$83.53M$55.83M$43.32M$38.95M$44.37M$47.11M-
Inventory$6.12M$0-----
Current assets$775.36M$302.23M$370.15M$475.65M$551.52M$125.43M-
Goodwill$143.45M$136.35M$136.26M$112.75M$103.22M$88.39M$88.39M
Total assets$1.15B$633.80M$702.00M$752.72M$821.44M$399.31M-
Current liabilities$469.45M$142.08M$136.65M$122.26M$132.04M$108.81M-
Long-term debt----$0$92.97M-
Total debt----$0$92.97M-
Total liabilities$957.25M$192.51M$183.98M$176.62M$173.20M$291.80M-
Shareholders' equity$188.43M$441.29M$518.02M$576.10M$648.25M$107.51M$217.64M

Cash flow

Cash flow
Line item
FY2026
Jan 31, 2026
FY2025
Jan 31, 2025
FY2024
Jan 31, 2024
FY2023
Jan 31, 2023
FY2022
Jan 31, 2022
FY2021
Jan 31, 2021
FY2020
Jan 31, 2020
Operating cash flow$134.36M-$14.37M-$50.71M-$73.93M-$42.21M-$4.03M-$33.69M
Capital expenditures$76.71M$44.30M$37.99M$10.44M$10.31M$26.10M$16.66M
Free cash flow$57.65M-$58.67M-$88.70M-$84.37M-$52.52M-$30.12M-$50.35M
Investing cash flow-$393.12M$57.91M-$33.59M-$242.26M-$25.15M-$30.80M-$27.17M
Financing cash flow$357.05M-$15.54M-$1.60M$7.86M$489.18M$83.94M$8.73M
Stock-based compensation$54.99M$48.48M$57.13M$75.54M$41.96M$14.01M$5.07M
Depreciation and amortization$41.83M$45.64M$47.64M$43.33M$45.04M$62.21M$77.63M

Key ratios

Key ratios
Line item
FY2026
Jan 31, 2026
FY2025
Jan 31, 2025
FY2024
Jan 31, 2024
FY2023
Jan 31, 2023
FY2022
Jan 31, 2022
FY2021
Jan 31, 2021
FY2020
Jan 31, 2020
Revenue growth, YoY25.9%10.7%15.4%45.8%15.9%18.2%-
Gross margin56.1%57.2%51.2%49.2%36.8%22.8%-7.0%
Operating margin-30.9%-47.5%-76.9%-91.9%-97.6%-77.3%-111.2%
Net margin-80.2%-50.4%-63.7%-84.7%-104.5%-112.3%-129.2%
Free cash flow margin18.7%-24.0%-40.2%-44.1%-40.0%-26.6%-52.6%
Return on equity-131.0%-27.9%-27.1%-28.1%-21.2%-118.2%-56.8%
Return on assets-21.5%-19.4%-20.0%-21.5%-16.7%-31.8%-
Current ratio1.652.132.713.894.181.15-
Debt to equity----0.000.86-

Source: XBRL data Planet Labs PBC files with the SEC, latest filing dated Sep 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

PL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
PL$378.28M+44.1%-$359.87M-95.1%$4.56B
QCOM$43.12B-2.6%$13.63B31.6%$176.99B
MSI$12.60B+11.4%$2.08B16.5%$85.07B
NOK€19.89B+3.5%€651.00M3.3%$43.99B
UI$3.27B+27.2%$960.30M29.3%$35.87B
ERICSEK 236.68B-4.5%SEK 28.43B12.0%$34.57B
ONDS$174.10M+979.3%$167.06M96.0%$3.11B
VISN$1.63B+10.9%$8.19B504.0%$1.27B
HLIT$360.52M-26.2%-$43.31M-12.0%$1.04B

PL FAQ

9 questions
  • What is PL revenue?
    Planet Labs PBC (PL) reported $378.28M of revenue for the twelve months ended Jul 31, 2026. That is up 44.1% from the year before. Revenue for fiscal 2026 was $307.73M.
  • Is PL profitable?
    No. Planet Labs PBC reported a net loss of $359.87M for the twelve months ended Jul 31, 2026.
  • How much cash and debt does PL have?
    Planet Labs PBC reported $415.13M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is PL revenue growing?
    Planet Labs PBC's revenue changed +25.9% in fiscal 2026, to $307.73M. Its compound annual growth rate was +22.1% over 5 years.
  • What is PL gross margin?
    Planet Labs PBC's gross profit was $209.65M on $378.28M of revenue for the twelve months ended Jul 31, 2026, a gross margin of 55.4%.
  • What is PL free cash flow?
    Planet Labs PBC generated $24.67M of free cash flow for the twelve months ended Jul 31, 2026, which is operating cash flow of $117.63M less capital expenditures.
  • What is PL earnings per share?
    Diluted earnings per share were -$1.12 for the twelve months ended Jul 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did PL last report financial results?
    The latest statements here come from Planet Labs PBC's 10-Q filed on Sep 3, 2026, covering the period ended Jul 31, 2026.
  • Where does this PL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Planet Labs PBC files with the SEC. It is provided for information only and is not investment advice.