Planet Labs PBC income statement
In fiscal 2026, Planet Labs PBC reported revenue of $308m, up 25.9% on the year before, operating income of −$95.1m (a -30.9% margin) and net income of −$247m, or −$0.80 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 96 | 113 | 131 | 191 | 221 | 244 | 308 | 378 |
| Cost of revenue | 102 | 87 | 83 | 97 | 108 | 105 | 135 | 169 |
| Gross profit | −7 | 26 | 48 | 94 | 113 | 140 | 172 | 210 |
| Research and development | 38 | 44 | 67 | 111 | 116 | 101 | 107 | 128 |
| Selling and marketing | 35 | 37 | 53 | 78 | 86 | 78 | 73 | 83 |
| General and administrative | 27 | 32 | 57 | 81 | 80 | 77 | 88 | 101 |
| Operating income | −106 | −87 | −128 | −176 | −170 | −116 | −95 | −103 |
| Interest expense | 7 | 9 | 9 | 0 | 0 | 1 | 3 | 5 |
| Income before tax | −124 | −126 | −135 | −161 | −140 | −121 | −242 | −355 |
| Income tax | 0 | 1 | 2 | 1 | 1 | 2 | 5 | 5 |
| 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 |
| Diluted shares (average) | 43m | 44m | 80m | 267m | 280m | 292m | 308m | 333m |
| EBITDA | −29 | −25 | −83 | −132 | −122 | −70 | −53 | −66 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 61 | 62 | 66 | 73 | 81 | 87 | 94 | 116 |
| Cost of revenue | 24 | 23 | 30 | 31 | 35 | 40 | 44 | 50 |
| Gross profit | 38 | 38 | 37 | 42 | 47 | 47 | 50 | 66 |
| Research and development | 25 | 23 | 23 | 24 | 27 | 32 | 33 | 35 |
| Selling and marketing | 17 | 16 | 16 | 18 | 19 | 20 | 23 | 21 |
| General and administrative | 18 | 19 | 20 | 18 | 19 | 31 | 29 | 22 |
| Operating income | −23 | −19 | −23 | −18 | −18 | −36 | −35 | −14 |
| Interest expense | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 |
| Income before tax | −20 | −34 | −12 | −22 | −58 | −150 | −138 | −9 |
| Income tax | 0 | 1 | 1 | 0 | 1 | 2 | 1 | 1 |
| Net income | −20 | −35 | −13 | −23 | −59 | −152 | −139 | −9 |
| Diluted EPS | −$0.07 | −$0.12 | −$0.04 | −$0.07 | −$0.19 | −$0.49 | −$0.40 | −$0.03 |
| EBITDA | −15 | −10 | −12 | −10 | −11 | −26 | −24 | −6 |
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