Planet Labs PBC (PL)
Planet Labs PBC is dedicated to the creation, deployment, and management of extensive satellite constellations. Its core mission is to provide frequent, worldwide geospatial data, which customers can access through a specialized online platform. The company's offerings include a proprietary, cloud-native technological solution, branded as "Open Geospatial Consortium," that meticulously processes and unifies imagery for temporal analysis and advanced data integration. Additionally, they furnish space-based equipment and complementary software systems. Planet Labs caters to a diverse clientele across sectors such as agriculture, cartography, forestry, and the finance and insurance industries, alongside federal, state, and municipal government bodies. The organization was established in 2010 and maintains its primary operational base in San Francisco, California.
Sector: Radio & Tv Broadcasting & Communications Equipment
Industry: Aerospace & Defense
Planet Labs PBC
NYSE:PLIndustrials · Aerospace & Defense
+2.52%$13.41
AH Close$13.37-0.29%vs close
AH Close$13.37-0.29%vs close
Mkt Cap$4.88B
Float256.07M
O/S363.85M
Inst Own70.3%
SI13.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$307.73M
Net Income-$246.86M
Total Assets$1.15B
Free Cash Flow$57.65M
Debt & Equity
Debt 71%
Equity 29%
Total Debt$462.48M
Total Equity$188.43M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PL's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.15B
Liabilities$957.25M
Accounts Receivable$83.53M
Accounts Payable$10.61M
Inventory$6.12M
PP&E (Net)$165.16M
Goodwill$143.45M
Intangible Assets$26.63M
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Revenue | $307.73M | $244.35M | $220.7M | $191.26M | $131.21M | $113.17M | $95.74M |
| YoY Growth | 25.9% | 10.7% | 15.4% | 45.8% | 15.9% | 18.2% | - |
| 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 |
| Gross Margin | 56.1% | 57.2% | 51.2% | 49.2% | 36.8% | 22.8% | -7.0% |
| Research and Development | $106.75M | $101.01M | $116.34M | $110.92M | $66.68M | $43.83M | $37.87M |
| Selling, General, and Administrative | $160.81M | $154.84M | $166.36M | $158.77M | $109.59M | $69.4M | $61.93M |
| Other | $0 | $0 | $0 | $330K | $0 | $239K | $0 |
| Total Operating Expenses | $267.56M | $255.85M | $282.7M | $269.68M | $176.27M | $113.23M | $99.8M |
| Operating Income (EBIT) | -$95.07M | -$116.12M | -$169.75M | -$175.68M | -$128.05M | -$87.44M | -$106.46M |
| Operating Margin | -30.9% | -47.5% | -76.9% | -91.9% | -97.6% | -77.3% | -111.2% |
| Interest Expense | $3.44M | $0 | $0 | $0 | $8.77M | $9.45M | $6.95M |
| Interest Income | $14.33M | $10.26M | $15.41M | $7.67M | $21K | $53K | $0 |
| Other Income (Expense) | -$147.13M | -$4.61M | $30.05M | $14.56M | -$6.96M | -$38.59M | -$17.12M |
| Income Before Tax (EBT) | -$242.21M | -$120.74M | -$139.69M | -$161.12M | -$135.01M | -$126.03M | -$123.58M |
| Income Tax Expense | $4.66M | $2.46M | $815K | $847K | $2.11M | $1.07M | $130K |
| Net Income | -$246.86M | -$123.2M | -$140.51M | -$161.97M | -$137.12M | -$127.1M | -$123.71M |
| Net Income Margin | -80.2% | -50.4% | -63.7% | -84.7% | -104.5% | -112.3% | -129.2% |
| Supplementary Data | |||||||
| EPS | -0.80 | -0.42 | -0.50 | -0.61 | -0.52 | -2.95 | -2.87 |
| Diluted EPS | -0.80 | -0.42 | -0.50 | -0.61 | -0.52 | -2.95 | -2.87 |
| Weighted Average OS | 307.80M | 292.12M | 279.59M | 267.13M | 262.18M | 43.13M | 43.13M |
| EBITDA | -$196.94M | -$57.07M | -$92.06M | -$117.79M | -$81.2M | -$54.37M | -$39.01M |
| EBITDA Margin | -64.0% | -23.4% | -41.7% | -61.6% | -61.9% | -48.0% | -40.7% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $230.08M | $124.65M | $83.87M | $181.89M | $490.76M | $71.18M | $21.68M |
| Short-Term Investments | $410.65M | $104.03M | $215.04M | $226.87M | $0 | $667K | $0 |
| Cash and Short-Term Investments | $640.73M | $228.67M | $298.91M | $408.76M | $490.76M | $71.18M | $21.68M |
| Accounts Receivable | $83.53M | $55.83M | $43.32M | $38.95M | $44.37M | $47.11M | $27.73M |
| Inventory | $6.12M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $44.98M | $17.72M | $27.92M | $27.94M | $1.68M | $1.41M | $3.11M |
| Total Current Assets | $775.36M | $302.23M | $370.15M | $475.65M | $551.52M | $125.43M | $60.32M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $165.16M | $141.5M | $135.77M | $128.49M | $133.28M | $159.85M | $186.59M |
| Goodwill | $143.45M | $136.35M | $136.26M | $112.75M | $103.22M | $88.39M | $88.39M |
| Intangible Assets | $26.63M | $27.45M | $47.42M | $26.25M | $24.96M | $17.67M | $21.99M |
| Long-Term Investments | $0 | $0 | $0 | $5.66M | $5.74M | $8.07M | $8.07M |
| Deferred Tax Assets | $0 | $0 | $0 | -$5.66M | -$5.74M | -$5.6M | -$7.25M |
| Other Long-Term Assets | $35.08M | $26.27M | $12.4M | $9.58M | $8.46M | $5.5M | $4.86M |
| Total Long-Term Assets | $370.32M | $331.57M | $331.85M | $277.07M | $269.92M | $273.88M | $302.67M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.15B | $633.8M | $702M | $752.72M | $821.44M | $399.31M | $362.99M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $10.61M | $2.6M | $2.6M | $6.9M | $2.85M | $1.45M | $2.12M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $8.24M | $10.8M |
| Current Income Tax Payable | $0 | $2.79M | $3.15M | $2.27M | $3.73M | $841K | $1.66M |
| Current Unearned Revenue | $225.53M | $82.28M | $72.33M | $51.9M | $64.23M | $57.57M | $35.69M |
| Other Current Liabilities | $186.2M | $25.22M | $30.92M | $37.73M | $44.17M | $86.17M | $6.03M |
| Total Current Liabilities | $469.45M | $142.08M | $136.65M | $122.26M | $132.04M | $108.81M | $71.21M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $446.88M | $0 | $0 | $0 | $0 | $155.61M | $46.66M |
| Long-Term Unearned Revenue | $27.52M | $11.18M | $5.29M | $2.88M | $3.58M | $15.12M | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $10.96M | $0 |
| Other Long-Term Liabilities | $5.09M | $26.86M | $25.09M | $34.34M | $37.58M | $0 | $27.48M |
| Total Long-Term Liabilities | $487.8M | $50.43M | $47.33M | $54.36M | $41.16M | $182.98M | $74.14M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $957.25M | $192.51M | $183.98M | $176.62M | $173.2M | $291.8M | $145.35M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $2K | $2K |
| Common Stock | $34K | $28K | $28K | $27K | $27K | $1K | $1K |
| Retained Earnings | -$1.45B | -$1.2B | -$1.08B | -$939.3M | -$777.03M | -$639.9M | -$512.8M |
| Comprehensive Income & Other | $6.36M | -$1.1M | $1.59M | $2.27M | $2.1M | $1.77M | $1.49M |
| Other Stockholders' Equity | $1.64B | $1.64B | $1.6B | $1.52B | $1.43B | $747.41M | $730.44M |
| Total Equity | $188.43M | $441.29M | $518.02M | $576.1M | $648.25M | $107.51M | $217.64M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.15B | $633.8M | $702M | $752.72M | $821.44M | $399.31M | $362.99M |
| Supplementary Data | |||||||
| Total Debt | $462.48M | $21.61M | $24.93M | $22.03M | $0 | $163.86M | $57.46M |
| Net Debt | $232.4M | -$103.03M | -$58.94M | -$159.86M | -$490.76M | $92.67M | $35.78M |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 | 2020-01-31 |
| Operating Activities | |||||||
| Net Income | -$246.86M | -$123.2M | -$140.51M | -$161.97M | -$137.12M | -$127.1M | -$123.71M |
| Depreciation & Amortization | $41.83M | $45.64M | $47.64M | $43.33M | $45.04M | $62.21M | $77.63M |
| Deferred Income Tax | $0 | $0 | $0 | -$456K | -$1.39M | $150K | $12.18M |
| Stock-Based Compensation | $54.99M | $48.48M | $57.13M | $75.54M | $41.96M | $14.01M | $5.07M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$30.23M | -$11.98M | -$2.66M | $6.31M | $3.26M | -$19.93M | $8.96M |
| Inventory | -$609K | $0 | $0 | $0 | $0 | $2.62M | $12.94M |
| Accounts Payable | $13.8M | -$13.34M | -$25.01M | -$2.99M | $16.07M | $11.03M | $3.07M |
| Other Working Capital | $138.35M | $22.39M | $31.47M | -$27.21M | -$9.8M | $20.18M | -$31.01M |
| Total Working Capital Change | $121.31M | -$2.93M | $3.8M | -$23.88M | $9.54M | $13.9M | -$6.04M |
| Other Non-Cash Items | $163.09M | $17.63M | -$18.77M | -$6.5M | -$232K | $32.8M | $1.19M |
| Net Cash from Operating | $134.36M | -$14.37M | -$50.71M | -$73.93M | -$42.21M | -$4.03M | -$33.69M |
| Investing Activities | |||||||
| Capital Expenditures | -$76.71M | -$44.3M | -$37.99M | -$12.76M | -$14.93M | -$30.13M | -$24.1M |
| Acquisitions | -$5.4M | -$1.07M | -$7.54M | -$3.82M | -$9.62M | $0 | -$2.46M |
| Purchases of Investments | -$428.01M | -$140.24M | -$189.14M | -$280.3M | $0 | $0 | $0 |
| Sales of Investments | $90.01M | $61.4M | $206.9M | $55.17M | $0 | $0 | $0 |
| Other Investing Activities | $27M | $182.12M | -$5.81M | -$557K | -$598K | -$674K | -$614K |
| Net Cash from Investing | -$393.12M | $57.91M | -$33.59M | -$242.26M | -$25.15M | -$30.8M | -$27.17M |
| Financing Activities | |||||||
| Debt Repaid | -$406.27M | - | - | - | $66.95M | -$83.4M | $1.54M |
| Common Stock Issuance | $35.35M | $5.92M | $0 | $0 | $0 | $86.53M | $59.9M |
| Common Stock Repurchases | $0 | $0 | -$8.97M | -$6.34M | -$5.6M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$84.57M | -$21.46M | $7.37M | $14.2M | $561.73M | -$85.99M | -$49.64M |
| Net Cash from Financing | $357.05M | -$15.54M | -$1.6M | $7.86M | $489.18M | $83.94M | $8.73M |
| Forex Effect | $7.26M | -$201K | $17K | -$402K | -$1.55M | -$312K | -$38K |
| Net Change in Cash | $105.56M | $27.8M | -$85.88M | -$308.74M | $420.27M | $48.8M | -$52.17M |
| Supplementary Data | |||||||
| Operating Cash Flow | $134.36M | -$14.37M | -$50.71M | -$73.93M | -$42.21M | -$4.03M | -$33.69M |
| Capital Expenditure | -$76.71M | -$44.3M | -$42.41M | -$12.76M | -$14.93M | -$30.13M | -$24.1M |
| Free Cash Flow | $57.65M | -$58.67M | -$93.12M | -$86.69M | -$57.14M | -$34.15M | -$57.79M |
| Cash at Beginning | $129.99M | $102.2M | $188.08M | $496.81M | $76.54M | $27.74M | $79.91M |
| Cash at End | $235.55M | $129.99M | $102.2M | $188.08M | $496.81M | $76.54M | $27.74M |