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Planet Labs PBC (PL) stock

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NYSE: PL NYSE Aerospace & Defense Next results ~December 6, 2026

Planet Labs PBC is a US-listed company in the aerospace & defense industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Planet Labs PBC valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 25 sales by directors and officers, last 12 monthsInsider trades
  • Funds258 adding, 215 cuttingOf 63 active managers that changed their stake, 27 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Planet Labs PBC files

Where Planet Labs PBC stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $378m, up 44.1% on a year earlier, faster than 34.1% a quarter earlier. That growth ranks 54 of 931 among all the companies we cover. Free-cash-flow margin fell to 6.5% from 13.4% a year earlier. Operating margin widened to -27.2% from -31.5%. The diluted share count is up 11.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 3 financial-health checks.

Our model value for Planet Labs PBC is under review, so past values are not shown until it is resolved.

Source: 10-Q filed September 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 6, 2026 (estimated)

Planet Labs PBC's trailing-twelve-month revenue grew 44.1% year on year, with a free-cash-flow margin of 5.3%.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 34.7% while net income fell 297.8%: a 263pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 44.1% over the last 12 months.
  • Growth speeding up. The growth rate is 10.0 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 4.4 points on a year ago.
  • Net cash. Cash exceeds long-term debt by $0.4bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Loss-making. Operating margin is -27.2%: costs exceed revenue.
  • Heavy stock-based pay. Stock pay equals 16.5% of revenue: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 11.5% in a year.
  • High sales multiple. The shares trade at 11 times revenue while operating margins remain thin.
  • Volatile shares. Over the past year the shares showed annualised volatility of 93% and a beta of 2.7 against the S&P 500.
  • Insiders selling. 8 insiders sold $43M of stock over the past 365 days and none bought (70% under pre-set trading plans).

Latest results: FY2027 Q2

Filed September 3, 2026
Earnings per share
$0.02 against an average estimate of -$0.02: beat by 193.8%
Revenue
$116m, up 58.1% on a year earlier
Share reaction
-9.4% in the first session after the results on September 3, 2026, against +0.7% for the S&P 500
Guidance given
revenue $101m to $105m (third quarter of fiscal year 2027, ending October 31, 2026); non-GAAP gross margin 56% to 58% (third quarter of fiscal year 2027, ending October 31, 2026)
Next report
September 3, 2026; average EPS estimate -$0.03

Planet Labs PBC's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.8%
  • 1 week-5.8%
  • 1 month-25.9%
  • This year-34.3%
  • 1 year-3.6%
  • 5 years+27.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$378M
Operating margin
-27.2%
Net margin
-95.1%
EPS (TTM, diluted)
$-1.08

Growth

Revenue growth
+44.1%
Change in growth rate
+10.0 pts
Share count change
+11.5%

Cash

Free cash flow (TTM)
$19.9M
FCF margin
5.3%
Stock pay % of revenue
16.5%

Earnings

Last results
September 3, 2026
Next results (est.)
December 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Deal
  2. Product
  3. Partnership
  4. Product
  5. Product
  6. Announcement
  7. Announcement
  8. Partnership
  9. Results
  10. Partnership
  11. Guidance
  12. Insider trade
  13. Shareholder vote
  14. Insider trade
  15. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Planet Labs PBC valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Valuation multiples over time Market data may be delayed

At fiscal year end 20222023202420252026Now
Share price$6.10$4.95$2.26$6.10$24.97$12.96
Market value$486m$1.3bn$632m$1.8bn$7.7bn$4.3bn
+ Net debt (− = net cash)−$491m−$182m−$84m−$118m−$229m−$415m
Enterprise value−$5m$1.1bn$548m$1.7bn$7.5bn$3.9bn
Multiples
Price / sales 3.7x6.9x2.9x7.3x25.0x11.4x
Price / earnings ——————
Price / free cash flow ————133.3x174.9x
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard Planet Labs PBC's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -20.9% of total assets over 5 years.

  • Pricing power 14 / 20

    Gross margin has been a median 52.0%, moving by 6.0 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -66.1%; its worst year was -111.7%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 2 of 5 years, at a median -37.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.06 −38% $438m +42%
Next −$0.00 +98% $571m +30%

Next year's EPS estimate has moved −137.5% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −32.5% on 90 days ago. In the last 30 days, 6 analysts raised Planet Labs PBC's forecast and 0 cut it.

Consensus EPS forecast Planet Labs PBC, last 90 days
−$0.10 −$0.05 $0.00 $0.05 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.08 Current fiscal year, 60 days ago: −$0.08 Current fiscal year, 30 days ago: −$0.06 Current fiscal year, 7 days ago: −$0.06 Current fiscal year, Now: −$0.06 −$0.06 Next fiscal year, 90 days ago: $0.00 Next fiscal year, 60 days ago: $0.00 Next fiscal year, 30 days ago: −$0.00 Next fiscal year, 7 days ago: −$0.00 Next fiscal year, Now: −$0.00 −$0.00

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.08$0.00
60 days ago −$0.08$0.00
30 days ago −$0.06−$0.00
7 days ago −$0.06−$0.00
Now −$0.06−$0.00

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 −$0.02 $0.02 +193.8%
Apr 2026 −$0.04 −$0.03 +28.6%
Jan 2026 −$0.05 $0.00 +100.0%
Oct 2025 −$0.04 $0.00 +100.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 3, 2026
  • revenue full fiscal year 2027 $430m to $441m
    “For the full fiscal year 2027, Planet expects revenue to be in the range of approximately $430 million to $441 million.” source
  • revenue third quarter of fiscal year 2027, ending October 31, 2026 $101m to $105m
    “For the third quarter of fiscal year 2027, ending October 31, 2026, Planet expects revenue to be in the range of approximately $101 million to $105 million.” source
  • Non-GAAP gross margin full fiscal year 2027 55% to 57% Non-GAAP
    “Non-GAAP gross margin is expected to be in the range of approximately 55% to 57%.” source
  • Non-GAAP gross margin third quarter of fiscal year 2027, ending October 31, 2026 56% to 58% Non-GAAP
    “Non-GAAP gross margin is expected to be in the range of approximately 56% to 58%.” source
  • Adjusted EBITDA profit full fiscal year 2027 $3m to $10m Non-GAAP
    “Adjusted EBITDA profit is expected to be in the range of approximately $3 and $10 million.” source
  • Capital expenditures full fiscal year 2027 $100m to $115m
    “Capital expenditures are expected to be in the range of approximately $100 million and $115 million for the year.” source
Show 2 more items
  • Adjusted EBITDA loss third quarter of fiscal year 2027, ending October 31, 2026 $-6m to $-1m Non-GAAP
    “Adjusted EBITDA loss is expected to be in the range of approximately ($6) to ($1) million for the quarter.” source
  • Capital expenditures third quarter of fiscal year 2027, ending October 31, 2026 $30m to $37m
    “Capital expenditures are expected to be in the range of approximately $30 million and $37 million for the quarter.” source

How earlier guidance turned out

  • Capital expenditures, second quarter of fiscal year 2027 guided $21m to $27m Above range: $27.346m
  • revenue, second quarter of fiscal year 2027 guided $102m to $107m Above range: $116m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

12 analysts, Oct 2026
Buy758%
Hold542%
Sell00%

Monthly trend

  1. Oct 202616512
  2. Sep 202616411
  3. Aug 2026163111

Counts of recommendations published by analysts covering Planet Labs PBC, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.2%
of tradable shares
Days to cover
3.42
at average volume
Short interest, 1 month
+26%
to October 15, 2026
Held by institutions
83%
of shares
Held by insiders
1.3%
of shares
Employees
945
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −3.6%

$13.45 on October 31, 2025 to $12.96

ThenNowEffect
Revenue (last 12 months) $262m $378m +44.1%
P/S multiple 15.3x 11.4x −25.4%
Share count 299m 333m −10.3%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +468.4%

$2.28 on November 3, 2023 to $12.96

ThenNowEffect
Revenue (last 12 months) $209m $378m +80.9%
P/S multiple 3.0x 11.4x +285.6%
Share count 271m 333m −18.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
PL−29%−43%+64%+388%−34%
Industry peers (median)−10%+14%+22%+16%−11%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
PL33%50%50%67%36%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
PL−43%−60%−37%−54%−75%
S&P 500−25%−10%−8%−19%−9%

Worst fall since April 26, 2021: 86% from November 22, 2021 to April 30, 2024. Getting back needed a 601% gain, reached on September 23, 2025, 511 days after the low.

Price behaviour

52-week range
$11.16 – $51.40
From 52-week high
−74.8%
vs 50-day average
−22.1%
vs 200-day average
−51.4%
Volatility (1 year)
93%
Beta vs S&P 500
2.67

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±23.0%
After a week
6 up, 6 down
typical move ±20.7%
After a month
4 up, 8 down
typical move ±42.9%
Results releasedNext dayS&P 500 next day5 days21 days
September 3, 2026 −9.4% +0.7% −17.7% −13.2%
June 4, 2026 −25.3% −2.2% −20.8% −33.5%
March 19, 2026 +36.4% −1.7% +30.6% +51.1%
December 10, 2025 +36.1% +0.9% +28.3% +98.1%
September 8, 2025 +38.1% +0.5% +51.0% +140.1%
June 4, 2025 +55.2% −0.5% +41.4% +77.9%
March 20, 2025 −12.3% −0.3% −13.9% −31.5%
December 9, 2024 −7.0% −0.8% +4.1% −10.8%
September 5, 2024 −28.2% −1.9% −17.3% −9.7%
June 6, 2024 +9.8% −0.1% +3.3% −3.8%
March 28, 2024 −11.8% −0.2% −17.6% −31.8%
December 7, 2023 −6.2% +1.2% −2.7% −13.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Planet Labs PBC
$200M $250M $300M $350M $400M FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $214.8M Revenue (TTM), FY24 Q4: $220.7M Revenue (TTM), FY25 Q1: $228.4M Revenue (TTM), FY25 Q2: $235.8M Revenue (TTM), FY25 Q3: $241.7M Revenue (TTM), FY25 Q4: $244.4M Revenue (TTM), FY26 Q1: $250.2M Revenue (TTM), FY26 Q2: $262.5M Revenue (TTM), FY26 Q3: $282.5M Revenue (TTM), FY26 Q4: $307.7M Revenue (TTM), FY27 Q1: $335.6M Revenue (TTM), FY27 Q2: $378.3M $378.3M

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $214.8M
FY24 Q4 $220.7M
FY25 Q1 $228.4M
FY25 Q2 $235.8M
FY25 Q3 $241.7M
FY25 Q4 $244.4M
FY26 Q1 $250.2M
FY26 Q2 $262.5M
FY26 Q3 $282.5M
FY26 Q4 $307.7M
FY27 Q1 $335.6M
FY27 Q2 $378.3M
Revenue growth, TTM YoY Planet Labs PBC
0% 20% 40% 60% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 22.5% Revenue growth, TTM YoY, FY24 Q4: 15.4% Revenue growth, TTM YoY, FY25 Q1: 12.1% Revenue growth, TTM YoY, FY25 Q2: 12.7% Revenue growth, TTM YoY, FY25 Q3: 12.5% Revenue growth, TTM YoY, FY25 Q4: 10.7% Revenue growth, TTM YoY, FY26 Q1: 9.5% Revenue growth, TTM YoY, FY26 Q2: 11.3% Revenue growth, TTM YoY, FY26 Q3: 16.9% Revenue growth, TTM YoY, FY26 Q4: 25.9% Revenue growth, TTM YoY, FY27 Q1: 34.1% Revenue growth, TTM YoY, FY27 Q2: 44.1% 44.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 22.5%
FY24 Q4 15.4%
FY25 Q1 12.1%
FY25 Q2 12.7%
FY25 Q3 12.5%
FY25 Q4 10.7%
FY26 Q1 9.5%
FY26 Q2 11.3%
FY26 Q3 16.9%
FY26 Q4 25.9%
FY27 Q1 34.1%
FY27 Q2 44.1%
Operating margin (TTM) Planet Labs PBC
-100% -50% 0% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: -83.1% Operating margin (TTM), FY24 Q4: -76.9% Operating margin (TTM), FY25 Q1: -69.9% Operating margin (TTM), FY25 Q2: -66.1% Operating margin (TTM), FY25 Q3: -54.1% Operating margin (TTM), FY25 Q4: -47.5% Operating margin (TTM), FY26 Q1: -41.7% Operating margin (TTM), FY26 Q2: -31.5% Operating margin (TTM), FY26 Q3: -27.8% Operating margin (TTM), FY26 Q4: -30.9% Operating margin (TTM), FY27 Q1: -31.9% Operating margin (TTM), FY27 Q2: -27.2% -27.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 -83.1%
FY24 Q4 -76.9%
FY25 Q1 -69.9%
FY25 Q2 -66.1%
FY25 Q3 -54.1%
FY25 Q4 -47.5%
FY26 Q1 -41.7%
FY26 Q2 -31.5%
FY26 Q3 -27.8%
FY26 Q4 -30.9%
FY27 Q1 -31.9%
FY27 Q2 -27.2%
FCF margin (TTM) Planet Labs PBC
-60% -40% -20% 0% 20% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: -43.3% FCF margin (TTM), FY24 Q4: -42.2% FCF margin (TTM), FY25 Q1: -31.1% FCF margin (TTM), FY25 Q2: -37.6% FCF margin (TTM), FY25 Q3: -25.6% FCF margin (TTM), FY25 Q4: -26.2% FCF margin (TTM), FY26 Q1: -16.1% FCF margin (TTM), FY26 Q2: 11.6% FCF margin (TTM), FY26 Q3: 12.8% FCF margin (TTM), FY26 Q4: 17.2% FCF margin (TTM), FY27 Q1: 12.6% FCF margin (TTM), FY27 Q2: 5.3% 5.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 -43.3%
FY24 Q4 -42.2%
FY25 Q1 -31.1%
FY25 Q2 -37.6%
FY25 Q3 -25.6%
FY25 Q4 -26.2%
FY26 Q1 -16.1%
FY26 Q2 11.6%
FY26 Q3 12.8%
FY26 Q4 17.2%
FY27 Q1 12.6%
FY27 Q2 5.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Jan 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Jan 2024 2025 Jan 2025 2026 Jan 2026 LTM Jul 2026
Income
Revenue 96 113 131 191 221 244 308 378
Gross profit −7 26 48 94 113 140 172 210
EBITDA −29 −25 −83 −132 −122 −70 −53 −66
Operating income −106 −87 −128 −176 −170 −116 −95 −103
Net income −124 −127 −137 −162 −141 −123 −247 −360
Diluted EPS −$2.89 −$2.87 −$1.72 −$0.61 −$0.50 −$0.42 −$0.80 −$1.08
Growth (year on year)
Revenue — +18.2% +15.9% +45.8% +15.4% +10.7% +25.9% +44.1%
Margins
Gross margin −7.0% 22.8% 36.8% 49.2% 51.2% 57.2% 56.1% 55.4%
EBITDA margin −30.1% −22.3% −63.3% −69.2% −55.3% −28.8% −17.3% −17.4%
Operating margin −111.2% −77.3% −97.6% −91.9% −76.9% −47.5% −30.9% −27.2%
Net margin −129.2% −112.3% −104.5% −84.7% −63.7% −50.4% −80.2% −95.1%
Free-cash-flow margin −52.6% −26.6% −40.0% −44.1% −40.2% −24.0% 18.7% 6.5%
Cash flow
Cash from operations −34 −4 −42 −74 −51 −14 134 118
Capital spending 17 26 10 10 38 44 77 93
Free cash flow −50 −30 −53 −84 −89 −59 58 25
Stock-based pay 5 14 42 76 57 48 55 63
Free cash flow after stock pay −55 −44 −94 −160 −146 −107 3 −38
Balance sheet
Cash 28 71 491 182 84 118 229 415
Total debt 0 — — — — — — 0
Net debt (negative = net cash) −28 −71 −491 −182 −84 −118 −229 −415
Diluted shares 43m 44m 80m 267m 280m 292m 308m 333m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · July 31, 2026
What it owns · $1.4bn
Short-term assets $999mLonger-term assets $432m
What it owes, and who funded it · $1.4bn
Short-term liabilities $351mLonger-term liabilities $515mShareholders' equity $564m
  • Short-term assets cover short-term liabilities $999m of assets due within a year against $351m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $999m short-term assets against $515m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$103m against $5m of interest.

From Planet Labs PBC's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+11.5%
year over year
R&D spending
33.9%
of revenue
Days sales outstanding
58 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated PL RDW LUNR LOAR KRMN CDRE Median
Revenue, last 12 months $378m $426m $490m $586m $590m $686m $727m
Revenue growth, last 12 months 44.1% 63.1% 116.9% 29.8% 50.2% 19.7% 15.6%
Revenue growth, 3-year average 21.8% 26.9% 79.7% — — 13.6% 12.7%
Revenue growth, latest quarter 58.1% 89.6% 309.8% 39.4% 58.2% 31.8% 15.9%
Gross margin 55.4% 20.1% — 52.2% 41.7% 41.8% 28.2%
Operating margin −27.2% −50.5% −27.5% 21.9% 16.8% 10.1% 8.5%
Operating margin, 3-year average −41.6% −36.7% −31.9% 21.8% — 10.9% 5.8%
Net margin −95.1% −57.3% −26.6% 11.6% 6.3% 5.3% 5.5%
Cash from operations / revenue 31.1% −17.9% −25.8% 20.7% 1.0% 12.9% 5.6%
Free-cash-flow margin 5.3% −23.0% −38.3% 18.5% −4.7% 11.4% 3.4%
Free-cash-flow margin, 3-year average −6.9% −27.1% −35.7% 13.8% — 8.9% 3.0%
Stock pay / revenue 16.5% 17.4% 4.6% 2.9% 3.9% 1.8% 1.5%
Change in share count 11.5% 41.9% 47.4% — −11.4% 9.0% 4.5%

Median of all 58 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to January 31, 2026
Geography
Region Revenue YoY
North America $132M ▲ 10.6%
United States $124M ▲ 12.7%
EMEA $104M ▲ 47.9%
Asia Pacific and Japan $59.8M ▲ 41.1%
Japan $38M —
UA $35.9M —
Latin America $12.2M ▼ 2.3%

These categories overlap or exclude eliminations, so shares aren't shown.

From Planet Labs PBC's 10-K filed March 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$8.5B
Institutions reporting
478
Shares held vs prior quarter
▲ 6.1%
Positions opened / closed
115 / 54

Top buyers and sellers, Q2 2026: 258 institutions bought and 215 sold ; the biggest buyer was American Century Companies Inc (+8.6M shares) and the biggest seller Canada Pension Plan Investment Board (−7.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Alphabet Inc. $1.2B 35.2M 13.8% 0.0%
Blackrock, Inc. $612M 18.5M 7.2% ▼ 27.4%
American Century Companies Inc $477M 14.4M 5.6% ▲ 147.7%
Vanguard Capital Management LLC $426M 12.9M 5.0% ▲ 5.6%
Vanguard Portfolio Management LLC $396M 11.9M 4.7% ▼ 2.1%
Van Eck Associates Corp $328M 9.9M 3.9% ▲ 19.7%
D. E. Shaw & Co., Inc. $323M 9.7M 3.8% ▲ 22.3%
Driehaus Capital Management LLC $223M 6.7M 2.6% ▼ 15.1%
Geode Capital Management, LLC $209M 6.3M 2.5% ▼ 3.7%
State Street Corp $182M 5.5M 2.1% ▼ 20.2%
UBS Group AG $151M 4.5M 1.8% ▲ 25.7%
Invesco Ltd. $141M 4.3M 1.7% ▲ 30.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Planet Labs PBC's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $43.1M 25 trades by 8 insiders · 70% under pre-set plans
Net ▼ $43.1M net selling
Insider Date Trade Shares Price Value
Robinson Kristen Director October 15, 2026 Sell pre-set plan 40,000 $14.14 $565,560
Raymond John W Director October 13, 2026 Sell pre-set plan 6,494 $15.23 $98,893
Brennan Ita M Director October 1, 2026 Sell pre-set plan 11,500 $16.30 $187,479
Schingler Robert H Co-Founder Chief Strategy Off. September 17, 2026 Sell pre-set plan 52,240 $16.96 $885,990
Johnson Ashley F. President & CFO September 17, 2026 Sell pre-set plan 55,663 $16.96 $944,044
Johnson Ashley F. President & CFO July 23, 2026 Sell pre-set plan 34,993 $22.08 $772,645
Johnson Ashley F. President & CFO July 23, 2026 Sell pre-set plan 75,035 $22.08 $1.7M
Robinson Kristen Director July 15, 2026 Sell pre-set plan 37,107 $25.05 $929,530
Raymond John W Director July 13, 2026 Sell pre-set plan 6,494 $26.16 $169,883
Marshall William Spencer Co-Founder and CEO July 10, 2026 Sell pre-set plan 200,000 $25.92 $5.2M
Schingler Robert H Co-Founder Chief Strategy Off. July 10, 2026 Sell pre-set plan 64,593 $25.92 $1.7M
Schingler Robert H Co-Founder Chief Strategy Off. July 10, 2026 Sell pre-set plan 25,000 $25.92 $648,000

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Planet Labs PBC disclosed in the last 12 months; 1 earlier trade on record.

  • George Whitesides(D-CA 27):Sale (full), $50,001 - $100,000, traded March 27, 2025, filed August 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 6, 2026 estimated from the company's past filing pattern, not announced

  • September 3, 2026
  • June 4, 2026
  • March 19, 2026
  • December 10, 2025
  • September 8, 2025
  • June 4, 2025

Recent SEC filings

Data status

When each part of this page on Planet Labs PBC was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Planet Labs PBC in brief

What does Planet Labs PBC do?
Planet Labs PBC is a US-listed company in the aerospace & defense industry. Its financial year ends in January.
What is Planet Labs PBC's stock ticker?
Planet Labs PBC trades under the ticker PL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Planet Labs PBC's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Planet Labs PBC reported revenue of $378M, 44.1% higher than a year earlier, according to its SEC filings.
What is Planet Labs PBC's free cash flow?
Planet Labs PBC's free-cash-flow margin is 5.3% of revenue over the trailing twelve months.
Who are Planet Labs PBC's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Alphabet Inc., Blackrock, Inc. and American Century Companies Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Planet Labs PBC's market cap?
On November 2, 2026, Planet Labs PBC's market capitalisation was about $4.3B and net debt of -$415M. Market figures come from third-party market data and may be delayed.
Who are Planet Labs PBC's competitors?
In our Aerospace & Defense peer group, the companies closest to Planet Labs PBC are Redwire Corp, Intuitive Machines, Inc., Loar Holdings Inc., Karman Holdings Inc. and Cadre Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Planet Labs PBC's.
Are insiders buying or selling Planet Labs PBC stock?
Over the last 12 months, Planet Labs PBC's directors and officers reported 0 open-market purchases and 25 sales on Form 4. The insider trading page charts every trade.
When is Planet Labs PBC's next earnings date?
Around December 6, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Planet Labs PBC announces its own schedule.