NYSE : PL
Planet Labs PBC — Financial statements
Industrials · Aerospace & Defense · United States
Last price 13.47 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.90B
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Financial statements
Planet Labs PBC (PL) reported revenue of 378.28M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 378.28M | 307.73M | 244.35M | 220.70M | 191.26M | 131.21M |
| Cost of Revenue | 168.38M | 134.92M | 103.48M | 106.98M | 97.25M | 82.99M |
| Gross Profit | 209.89M | 172.80M | 140.87M | 113.72M | 94.01M | 48.22M |
| Selling, General & Admin | 165.54M | 147.24M | 146.47M | 163.76M | 158.77M | 109.59M |
| Research & Development | 127.91M | 106.56M | 97.11M | 111.54M | 110.92M | 65.54M |
| Other Operating Expenses | 246.00K | 303.00K | ||||
| Operating Expenses | 295.79M | 256.21M | 243.58M | 275.30M | 269.68M | 175.13M |
| Operating Income | -85.90M | -83.40M | -102.71M | -161.58M | -175.68M | -126.91M |
| Interest Expense | -5.50M | -3.44M | -832.00K | -8.77M | ||
| Interest & Investment Income | 21.86M | 14.33M | 10.26M | 15.41M | 7.67M | 21.00K |
| Currency Exchange Gain (Loss) | 2.20M | 2.20M | -100.00K | -500.00K | -500.00K | -500.00K |
| Other Non Operating Income (Expenses) | -276.21M | -165.72M | -12.64M | 15.14M | 830.00K | 452.00K |
| EBT Excluding Unusual Items | -343.55M | -236.04M | -106.02M | -131.53M | -167.67M | -135.71M |
| Merger & Restructuring Charges | -15.00K | -9.18M | -8.16M | -2.20M | ||
| Asset Writedown | -1.14M | |||||
| Legal Settlements | -16.37M | -11.19M | -799.00K | |||
| Other Unusual Items | -465.00K | -465.00K | -4.74M | 6.55M | 4.04M | |
| Pretax Income | -354.89M | -242.21M | -120.74M | -139.69M | -161.12M | -135.01M |
| Income Tax Expense | 4.97M | 4.66M | 2.46M | 815.00K | 847.00K | 2.11M |
| Net Income | -359.87M | -246.86M | -123.20M | -140.51M | -161.97M | -137.12M |
| Net Income to Common | -359.87M | -246.86M | -123.20M | -140.51M | -161.97M | -137.12M |
| Shares Outstanding (Basic) | 333.02M | 307.80M | 292.12M | 279.59M | 267.13M | 79.61M |
| Shares Outstanding (Diluted) | 333.02M | 307.80M | 292.12M | 279.59M | 267.13M | 79.61M |
| EPS (Basic) | -1.08 | -0.80 | -0.42 | -0.50 | -0.61 | -1.72 |
| EPS (Diluted) | -1.08 | -0.80 | -0.42 | -0.50 | -0.61 | -1.72 |
| Free Cash Flow | 24.67M | 57.65M | -58.67M | -88.70M | -84.37M | -52.52M |
| Free Cash Flow Per Share | 0.07 | 0.19 | -0.20 | -0.32 | -0.32 | -0.66 |
| Gross Margin | 55.49% | 56.16% | 57.65% | 51.53% | 49.15% | 36.75% |
| Operating Margin | -22.71% | -27.10% | -42.03% | -73.22% | -91.85% | -96.72% |
| Profit Margin | -95.13% | -80.22% | -50.42% | -63.67% | -84.69% | -104.51% |
| Free Cash Flow Margin | 6.52% | 18.73% | -24.01% | -40.19% | -44.12% | -40.03% |
| EBITDA | -48.40M | -44.98M | -59.57M | -115.84M | -134.75M | -87.17M |
| EBITDA Margin | -12.80% | -14.62% | -24.38% | -52.49% | -70.45% | -66.43% |
| D&A For EBITDA | 37.50M | 38.42M | 43.14M | 45.74M | 40.93M | 39.74M |
| EBIT | -85.90M | -83.40M | -102.71M | -161.58M | -175.68M | -126.91M |
| EBIT Margin | -22.71% | -27.10% | -42.03% | -73.22% | -91.85% | -96.72% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 415.13M | 229.44M | 118.05M | 83.87M | 181.89M | 490.76M |
| Short-Term Investments | 450.29M | 410.65M | 104.03M | 215.04M | 226.87M | |
| Cash & Short-Term Investments | 865.42M | 640.09M | 222.07M | 298.91M | 408.76M | 490.76M |
| Receivables | 59.87M | 83.53M | 55.83M | 43.32M | 38.95M | 44.37M |
| Inventory | 8.85M | 6.12M | ||||
| Prepaid Expenses | 60.56M | 43.07M | 15.74M | 17.27M | 25.01M | 14.70M |
| Restricted Cash | 1.89M | 642.00K | 6.60M | 8.36M | 527.00K | 309.00K |
| Other Current Assets | 2.20M | 1.91M | 1.98M | 2.30M | 2.40M | 1.38M |
| Total Current Assets | 998.79M | 775.36M | 302.23M | 370.15M | 475.65M | 551.52M |
| Property, Plant & Equipment | 224.96M | 165.16M | 141.50M | 135.77M | 128.49M | 133.28M |
| Goodwill | 142.70M | 143.45M | 136.35M | 136.26M | 112.75M | 103.22M |
| Other Intangible Assets | 50.48M | 48.11M | 46.43M | 47.42M | 26.25M | 24.96M |
| Long-Term Deferred Charges | 1.70M | 2.41M | 1.72M | 1.58M | 2.21M | 1.08M |
| Other Long-Term Assets | 12.33M | 11.19M | 5.57M | 10.82M | 7.37M | 7.37M |
| Total Assets | 1.43B | 1.15B | 633.80M | 702.00M | 752.72M | 821.44M |
| Accounts Payable | 10.36M | 10.61M | 2.60M | 2.60M | 6.90M | 2.85M |
| Accrued Expenses | 28.85M | 29.09M | 25.60M | 28.66M | 31.12M | 33.19M |
| Current Portion of Leases | 3.62M | 7.30M | 9.22M | 7.98M | 4.88M | |
| Current Unearned Revenue | 281.21M | 220.57M | 82.28M | 72.33M | 51.90M | 64.23M |
| Other Current Liabilities | 27.23M | 201.89M | 22.38M | 25.09M | 27.46M | 31.77M |
| Total Current Liabilities | 351.27M | 469.45M | 142.08M | 136.65M | 122.26M | 132.04M |
| Long-Term Debt | 448.25M | 446.88M | ||||
| Long-Term Leases | 46.75M | 8.30M | 12.39M | 16.95M | 17.14M | |
| Long-Term Unearned Revenue | 17.36M | 27.52M | 11.18M | 5.29M | 2.88M | 3.58M |
| Other Long-Term Liabilities | 2.98M | 5.09M | 26.86M | 25.09M | 34.34M | 37.58M |
| Total Liabilities | 866.61M | 957.25M | 192.51M | 183.98M | 176.62M | 173.20M |
| Common Stock | 36.00K | 34.00K | 28.00K | 28.00K | 27.00K | 27.00K |
| Additional Paid-In Capital | 2.16B | 1.63B | 1.65B | 1.60B | 1.51B | 1.42B |
| Retained Earnings | -1.60B | -1.45B | -1.20B | -1.08B | -939.30M | -777.03M |
| Comprehensive Income & Other | 3.37M | 6.36M | -1.10M | 1.59M | 2.27M | 2.10M |
| Total Common Equity | 564.35M | 188.43M | 441.29M | 518.02M | 576.10M | 648.25M |
| Shareholders' Equity | 564.35M | 188.43M | 441.29M | 518.02M | 576.10M | 648.25M |
| Total Liabilities & Equity | 1.43B | 1.15B | 633.80M | 702.00M | 752.72M | 821.44M |
| Total Debt | 498.62M | 462.48M | 21.61M | 24.93M | 22.03M | |
| Net Cash (Debt) | 366.80M | 177.61M | 200.46M | 273.98M | 386.73M | 490.76M |
| Net Cash Per Share | 1.10 | 0.58 | 0.69 | 0.98 | 1.45 | 6.16 |
| Filing Date Shares Outstanding | 363.85M | 346.15M | 302.25M | 290.62M | 274.97M | 267.90M |
| Total Common Shares Outstanding | 363.66M | 335.33M | 300.10M | 289.28M | 271.78M | 262.18M |
| Working Capital | 647.52M | 305.91M | 160.15M | 233.50M | 353.40M | 419.48M |
| Book Value Per Share | 1.55 | 0.56 | 1.47 | 1.79 | 2.12 | 2.47 |
| Tangible Book Value | 371.17M | -3.13M | 258.51M | 334.34M | 437.11M | 520.06M |
| Tangible Book Value Per Share | 1.02 | -0.01 | 0.86 | 1.16 | 1.61 | 1.98 |
| Machinery | 268.84M | 269.22M | 264.60M | 317.69M | 322.14M | 324.39M |
| Construction In Progress | 94.91M | 79.11M | 65.45M | 32.47M | ||
| Leasehold Improvements | 22.18M | 17.54M | 17.27M | 17.09M | 15.39M | 15.45M |
| Order Backlog | 900.43M | 503.75M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -359.87M | -246.86M | -123.20M | -140.51M | -161.97M | -137.12M |
| Depreciation & Amortization | 37.50M | 38.42M | 43.14M | 45.74M | 40.93M | 39.74M |
| Other Amortization | 4.60M | 3.40M | 2.50M | 1.90M | 2.40M | 7.93M |
| Asset Writedown & Restructuring Costs | 1.14M | |||||
| Stock-Based Compensation | 62.52M | 54.99M | 48.48M | 57.13M | 75.54M | 41.96M |
| Other Operating Activities | 272.32M | 163.09M | 17.63M | -18.77M | -6.96M | -5.40M |
| Change in Accounts Receivable | -8.64M | -30.23M | -11.98M | -2.66M | 6.31M | 3.26M |
| Change in Inventory | -1.16M | -609.00K | ||||
| Change in Accounts Payable | 15.61M | 13.80M | -13.34M | -25.01M | -2.99M | 16.07M |
| Change in Unearned Revenue | 122.32M | 151.05M | 15.57M | 22.24M | -14.39M | -4.90M |
| Change in Other Net Operating Assets | -27.57M | -12.71M | 6.82M | 9.23M | -12.82M | -4.90M |
| Operating Cash Flow | 117.63M | 134.36M | -14.37M | -50.71M | -73.93M | -42.21M |
| Capital Expenditures | -92.96M | -76.71M | -44.30M | -37.99M | -10.44M | -10.31M |
| Cash Acquisitions | -5.40M | -5.40M | -1.07M | -7.54M | -3.82M | -9.62M |
| Sale (Purchase) of Intangibles | -5.89M | -6.23M | -10.11M | -4.42M | -2.32M | -4.62M |
| Investment in Securities | -357.82M | -304.77M | 113.68M | 17.75M | -225.12M | |
| Other Investing Activities | -350.00K | -300.00K | -1.39M | -557.00K | -598.00K | |
| Investing Cash Flow | -462.42M | -393.12M | 57.91M | -33.59M | -242.26M | -25.15M |
| Long-Term Debt Issued | 448.76M | |||||
| Long-Term Debt Repaid | -66.95M | |||||
| Net Debt Issued (Repaid) | 448.76M | 448.76M | -66.95M | |||
| Issuance of Common Stock | 262.94M | 35.35M | 5.92M | 7.39M | 14.70M | 28.57M |
| Repurchase of Common Stock | -86.33M | -72.73M | -11.94M | -8.97M | -6.34M | -5.60M |
| Other Financing Activities | -49.14M | -54.33M | -9.52M | -15.00K | -504.00K | 533.16M |
| Financing Cash Flow | 576.22M | 357.05M | -15.54M | -1.60M | 7.86M | 489.18M |
| Foreign Exchange Rate Adjustments | -729.00K | 7.26M | -201.00K | 17.00K | -402.00K | -1.55M |
| Net Cash Flow | 230.70M | 105.56M | 27.80M | -85.88M | -308.74M | 420.27M |
| Free Cash Flow | 24.67M | 57.65M | -58.67M | -88.70M | -84.37M | -52.52M |
| Free Cash Flow Margin | 6.52% | 18.73% | -24.01% | -40.19% | -44.12% | -40.03% |
| Free Cash Flow Per Share | 0.07 | 0.19 | -0.20 | -0.32 | -0.32 | -0.66 |
| Levered Free Cash Flow | 51.75M | 233.78M | -29.71M | -31.68M | -24.49M | 14.19M |
| Unlevered Free Cash Flow | 55.19M | 235.92M | -29.19M | -31.68M | -24.49M | 17.04M |
| Cash Interest Paid | 6.75M | |||||
| Cash Income Tax Paid | 3.40M | 3.40M | 1.80M | -200.00K | 3.10M | 884.00K |
| Change in Working Capital | 100.56M | 121.31M | -2.93M | 3.80M | -23.88M | 9.54M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.72B | 8.37B | 1.82B | 650.03M | 1.35B | 1.60B |
| Enterprise Value | 4.35B | 8.15B | 1.60B | 359.96M | 939.19M | 1.72B |
| Last Close Price | 12.96 | 24.97 | 6.10 | 2.26 | 4.95 | 6.10 |
| PS Ratio | 12.47 | 27.19 | 7.46 | 2.94 | 7.04 | 12.21 |
| PB Ratio | 8.35 | 44.41 | 4.13 | 1.25 | 2.34 | 2.47 |
| P/TBV Ratio | 12.70 | 7.05 | 1.94 | 3.08 | 3.08 | |
| P/FCF Ratio | 191.14 | 145.16 | ||||
| P/OCF Ratio | 40.09 | 62.28 | ||||
| EV/Sales Ratio | 11.50 | 26.49 | 6.57 | 1.63 | 4.91 | 13.09 |
| EV/FCF Ratio | 176.27 | 141.42 | ||||
| Debt / Equity Ratio | 0.88 | 2.45 | 0.05 | 0.05 | 0.04 | |
| Debt / FCF Ratio | 20.21 | 8.02 | ||||
| Net Debt / Equity Ratio | -0.65 | -0.94 | -0.45 | -0.53 | -0.67 | -0.76 |
| Net Debt / EBITDA Ratio | 7.58 | 3.95 | 3.37 | 2.37 | 2.87 | 5.63 |
| Net Debt / FCF Ratio | -14.87 | -3.08 | 3.42 | 3.09 | 4.58 | 9.34 |
| Asset Turnover | 0.36 | 0.35 | 0.37 | 0.30 | 0.24 | 0.21 |
| Quick Ratio | 2.63 | 1.54 | 1.96 | 2.50 | 3.66 | 4.05 |
| Current Ratio | 2.84 | 1.65 | 2.13 | 2.71 | 3.89 | 4.18 |
| Return on Equity (ROE) | -71.97% | -78.40% | -25.68% | -25.68% | -26.46% | -36.29% |
| Return on Assets (ROA) | -5.05% | -5.86% | -9.61% | -13.88% | -13.95% | -13.00% |
| Return on Capital Employed (ROCE) | -8.00% | -12.30% | -20.90% | -28.60% | -27.90% | -18.40% |
| Earnings Yield | -8.34% | -2.95% | -6.75% | -21.62% | -12.03% | -8.56% |
| FCF Yield | 0.52% | 0.69% | -3.22% | -13.65% | -6.26% | -3.28% |
| Buyback Yield / Dilution | -11.54% | -5.37% | -4.49% | -4.66% | -235.54% | -80.06% |