PL · Planet Labs Pbc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $66.27M | $81.25M | $73.39M | $60.44M | $61.27M | $61.09M | $52.70M | $55.38M | $53.76M | $40.13M |
| Cost of Revenue | $28.76M | $34.67M | $31.12M | $28.76M | $23.75M | $28.78M | $24.56M | $29.35M | $27.47M | $23.63M |
| Gross Profit | $36.60M | $46.58M | $42.27M | $31.68M | $37.52M | $32.31M | $28.15M | $26.03M | $26.29M | $16.50M |
| R&D | $23.07M | $27.33M | $24.16M | $25.59M | $25.22M | $27.25M | $28.19M | $33.00M | $26.74M | $12.13M |
| SG&A | $19.99M | $18.81M | $18.50M | $19.18M | $18.11M | $20.90M | $21.53M | $20.11M | $20.52M | $20.61M |
| Total Operating Expenses | $59.37M | $64.92M | $60.23M | $66.25M | $60.13M | $71.89M | $72.84M | $73.89M | $69.57M | $31.10M |
| D&A | $11.08M | $7.70M | $8.40M | $13.10M | $8.00M | $11.20M | $10.25M | $11.90M | $10.80M | $11.47M |
| Operating Income | ($22.77M) | ($18.34M) | ($17.96M) | ($34.57M) | ($22.61M) | ($39.58M) | ($44.69M) | ($47.86M) | ($43.28M) | ($18.27M) |
| Interest Expense | - | $277.0K | - | - | - | - | - | - | - | $0 |
| Income Tax | $928.0K | $784.0K | $497.0K | $442.0K | $25.0K | $897.0K | $307.0K | $355.0K | $582.0K | $314.0K |
| Net Income | ($12.63M) | ($59.19M) | ($22.59M) | ($29.29M) | ($20.08M) | ($38.67M) | ($34.44M) | ($38.00M) | ($37.98M) | ($29.25M) |
| EPS - Basic | ($0.04) | ($0.19) | ($0.07) | ($0.10) | ($0.07) | ($0.13) | ($0.13) | ($0.13) | ($0.14) | ($0.17) |
| EPS - Diluted | ($0.04) | ($0.19) | ($0.07) | ($0.10) | ($0.07) | ($0.13) | ($0.13) | ($0.13) | ($0.14) | ($0.17) |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $229.44M | $443.35M | $181.09M | $118.05M | $138.97M | $148.29M | $83.87M | $101.55M | $118.81M | $181.89M |
| Accounts Receivable | $83.53M | $46.33M | $51.63M | $55.83M | $38.85M | $43.93M | $43.32M | $45.15M | $40.35M | $38.95M |
| Inventory | $6.12M | - | - | $0 | - | - | - | - | - | - |
| Accounts Payable | $10.61M | $3.45M | $11.05M | $2.60M | $3.57M | $2.39M | $2.60M | $4.59M | $3.83M | $6.90M |
| Current Assets | $775.36M | $754.14M | $355.46M | $302.23M | $301.59M | $326.75M | $370.15M | $387.54M | $427.86M | $475.65M |
| Total Assets | $1.15B | $1.11B | $696.42M | $633.80M | $630.76M | $658.35M | $702.00M | $713.52M | $720.42M | $752.72M |
| Current Liabilities | $469.45M | $188.59M | $203.49M | $142.08M | $129.08M | $139.68M | $136.65M | $131.14M | $116.26M | $122.26M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $957.25M | $756.50M | $260.74M | $192.51M | $166.16M | $185.10M | $183.98M | $179.92M | $180.85M | $176.62M |
| Stockholders' Equity | $188.43M | $349.56M | $435.69M | $441.29M | $464.61M | $473.25M | $518.02M | $533.60M | $539.57M | $576.10M |
| Retained Earnings | ($1.45B) | ($1.30B) | ($1.24B) | ($1.20B) | ($1.17B) | ($1.15B) | ($1.08B) | ($1.05B) | ($1.01B) | ($939.30M) |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $17.35M | - | - | ($4.30M) | - | - | ($30.60M) | - | - | ($6.53M) |
| Investing Cash Flow | $1.74M | - | - | $30.48M | - | - | ($12.58M) | - | - | ($3.65M) |
| Financing Cash Flow | ($9.16M) | - | - | ($2.38M) | - | - | $1.40M | - | - | $2.16M |
| CapEx | $8.12M | - | - | $9.94M | - | - | $6.34M | - | - | $1.85M |
| Free Cash Flow | $9.23M | - | - | ($14.23M) | - | - | ($36.94M) | - | - | ($8.38M) |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 55.2% | 57.3% | 57.6% | 52.4% | 61.2% | 52.9% | 53.4% | 47.0% | 48.9% | 41.1% |
| Operating margin | -34.4% | -22.6% | -24.5% | -57.2% | -36.9% | -64.8% | -84.8% | -86.4% | -80.5% | -45.5% |
| EBITDA margin | -17.6% | -13.1% | -13.0% | -35.5% | -23.8% | -46.4% | -65.4% | -64.9% | -60.4% | -16.9% |
| Net margin | -19.1% | -72.8% | -30.8% | -48.5% | -32.8% | -63.3% | -65.4% | -68.6% | -70.6% | -72.9% |
| Free cash flow margin | 13.9% | - | - | -23.6% | - | - | -70.1% | - | - | -20.9% |
| FCF / Net income | -0.73 | - | - | 0.49 | - | - | 1.07 | - | - | 0.29 |
| R&D / Revenue | 34.8% | 33.6% | 32.9% | 42.3% | 41.2% | 44.6% | 53.5% | 59.6% | 49.7% | 30.2% |
| SG&A / Revenue | 30.2% | 23.2% | 25.2% | 31.7% | 29.6% | 34.2% | 40.8% | 36.3% | 38.2% | 51.4% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.1% | -5.4% | -3.2% | -4.6% | -3.2% | -5.9% | -4.9% | -5.3% | -5.3% | -3.9% |
| Return on equity | -6.7% | -16.9% | -5.2% | -6.6% | -4.3% | -8.2% | -6.6% | -7.1% | -7.0% | -5.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.65 | 4.00 | 1.75 | 2.13 | 2.34 | 2.34 | 2.71 | 2.96 | 3.68 | 3.89 |
| Quick ratio | 1.64 | 4.00 | 1.75 | 2.13 | 2.34 | 2.34 | 2.71 | 2.96 | 3.68 | 3.89 |
| Cash ratio | 0.49 | 2.35 | 0.89 | 0.83 | 1.08 | 1.06 | 0.61 | 0.77 | 1.02 | 1.49 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -66.2x | - | - | - | - | - | - | - | - |
| Equity multiplier | 6.08 | 3.16 | 1.60 | 1.44 | 1.36 | 1.39 | 1.36 | 1.34 | 1.34 | 1.31 |
| Liabilities / Assets | 0.84 | 0.68 | 0.37 | 0.30 | 0.26 | 0.28 | 0.26 | 0.25 | 0.25 | 0.23 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | 0.07 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.07 | 0.05 |
| Inventory turnover | 4.70 | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 460d | 208d | 257d | 337d | 231d | 262d | 300d | 298d | 274d | 354d |
| Days inventory outstanding | 78d | - | - | 0d | - | - | - | - | - | - |
| Days payable outstanding | 135d | 36d | 130d | 33d | 55d | 30d | 39d | 57d | 51d | 107d |
| Cash conversion cycle | 403d | - | - | 304d | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 39.8x | 11.9x | 4.4x | 4.0x | 1.4x | 1.6x | 1.2x | 1.2x | 1.9x | 2.3x |
| P / S | 113.1x | 51.2x | 25.9x | 29.1x | 10.6x | 12.1x | 11.7x | 11.1x | 19.0x | 32.6x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 9.6% | 32.6% | 20.1% | 14.7% | 10.6% | 13.6% | 31.3% | 74.7% | 11.0% | - |
| Revenue CAGR (3y) | 18.2% | 36.9% | 14.8% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 15.5% | 24.2% | 30.8% | 12.6% | 44.1% | 22.9% | 70.6% | 139.0% | 12.0% | - |
| Operating income growth (YoY) | 34.1% | 18.9% | 54.6% | 22.6% | 52.8% | 8.6% | -144.7% | -12.3% | -1.5% | - |
| Net income growth (YoY) | 56.9% | -194.7% | 41.6% | 15.0% | 47.2% | -1.8% | -17.7% | 5.5% | -86.5% | - |
| EPS growth (YoY) | 60.0% | -171.4% | 46.2% | 23.1% | 46.2% | 7.1% | 23.5% | 13.3% | 69.6% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 61.5% | - | - | -340.7% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -57.3% | -24.8% | -7.9% | -14.8% | -12.9% | -12.3% | -10.1% | 1334.7% | -12.1% | -11.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Geographic
$505.53M totalNorth America$132.01M · 26.1%
US$123.90M · 24.5%
EMEA$103.67M · 20.5%
Asia Pacific And Japan$59.81M · 11.8%
JP$38.00M · 7.5%
UA$35.90M · 7.1%
Latin America$12.23M · 2.4%
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing Planet Labs PBC against the 5 most active filers in the same SIC group.