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Planet Labs PBC (PL) AI Stock Analysis
Planet Labs PBC
(NYSE:PL)
The score is held back primarily by weak financial profitability (very large net losses) and bearish technicals (price below all major moving averages with negative MACD). Offsetting these, the latest earnings call was notably constructive with raised FY2027 growth and profitability guidance and improving cash-generation narrative, while valuation is mixed due to negative earnings and no dividend support.
Planet Labs PBC Key Performance Indicators (KPIs)
Customer CountIndicates the total number of customers, reflecting the company's market reach and potential for revenue growth.
The decline in customer count since late 2023 appears deliberate: management is pruning the long tail and prioritizing larger government and Satellite Services contracts while shifting small users to self‑serve. That explains falling user numbers even as ACV, RPO/backlog and net‑dollar retention strengthened. The strategic tradeoff boosts revenue visibility and unit economics but increases timing and concentration risk—monitor backlog conversion and retention/expansion metrics closely, since delayed large deals will make quarter-to-quarter results lumpy despite stronger overall demand.
The FlyPlanet Labs PBC (PL) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $3.87B
- Dividend Yield
- ―
- Average Volume (3M)
- 9.36M
- Price to Earnings (P/E)
- -10.3
- Beta (1Y)
- 2.32
- Revenue Growth
- 44.12%
- EPS Growth
- -262.46%
- Country
- US
- Employees
- 973
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Aerospace & Defense
Planet Labs PBC Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
Planet primarily makes money by selling access to satellite imagery and related geospatial data products through recurring subscription contracts. Revenue is generated from (1) commercial subscriptions sold to enterprises and organizations that use P...
Planet Labs PBC Earnings Call Summary
The call was strongly positive, characterized by record revenue, approximately 58% year-over-year growth, better-than-expected gross margin and adjusted EBITDA, significant government and commercial wins, a rapidly expanding satellite-services pipeline, strong cash generation and raised full-year guidance. The main negatives were lower year-over-year gross margin, expected third-quarter sequential revenue and adjusted EBITDA declines, timing-related variability in satellite-services revenue, higher planned CapEx, launch-access challenges and the early beta status of the AI application. Highlights significantly outweighed the lowlights.
Q2-2027 Updates
Positive Updates
Negative Updates
Company Guidance
For the third quarter of fiscal year 2027, Planet expects revenue to be between $101 million and $105 million, representing approximately 27% year-on-year growth at the midpoint; non-GAAP gross margin to be between 56% and 58%; adjusted EBITDA loss to be between minus $6 million and minus $1 million; and capital expenditures to be approximately $30 million to $37 million. For the full fiscal year 2027, Planet forecasts revenue between $430 million and $441 million, reflecting year-over-year growth of 40% to 43%; non-GAAP gross margin between 55% and 57%, above the high end of our prior expectations; adjusted EBITDA between $3 million and $10 million; and capital expenditures of approximately $100 million to $115 million. Planet also aims to deliver Rule of 40 for this fiscal year, is managing the business to be adjusted free cash flow positive on an annual basis for the full fiscal year 2027, and expects margins to continue to expand in subsequent years, with long-term adjusted EBITDA profitability of 25% plus and gross margins north of 60%.
Planet Labs PBC Financial Statement Overview
Summary
Revenue is growing (TTM ~$378M, +12.7%) with solid gross margin (~55%) and improved cash generation (TTM operating cash flow ~$118M; free cash flow ~$23M). However, profitability remains a major overhang (net margin near -95%), and leverage has risen (total debt ~$448M; debt-to-equity ~0.79), limiting the financial score despite improving cash discipline.
Income Statement
36NegativeBalance Sheet
44NeutralCash Flow
55Neutral| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 378.28M | 307.73M | 244.35M | 220.70M | 191.26M | 131.21M |
| Gross Profit | 209.65M | 172.49M | 139.72M | 112.95M | 94.01M | 48.22M |
| EBITDA | -307.30M | -196.94M | -57.07M | -92.06M | -117.79M | -81.20M |
| Net Income | -359.87M | -246.86M | -123.20M | -140.51M | -161.97M | -137.12M |
Balance Sheet | ||||||
| Total Assets | 1.43B | 1.15B | 633.80M | 702.00M | 752.72M | 821.44M |
| Cash, Cash Equivalents and Short-Term Investments | 865.42M | 640.73M | 228.67M | 298.91M | 408.76M | 490.76M |
| Total Debt | 448.25M | 462.48M | 21.61M | 24.93M | 22.03M | 0 |
| Total Liabilities | 866.61M | 957.25M | 192.51M | 183.98M | 176.62M | 173.20M |
| Stockholders Equity | 564.35M | 188.43M | 441.29M | 518.02M | 576.10M | 648.25M |
Cash Flow | ||||||
| Free Cash Flow | 23.43M | 57.65M | -58.67M | -93.12M | -86.69M | -57.14M |
| Operating Cash Flow | 117.63M | 134.36M | -14.37M | -50.71M | -73.93M | -42.21M |
| Investing Cash Flow | -462.42M | -393.12M | 57.91M | -33.59M | -242.26M | -25.15M |
| Financing Cash Flow | 575.63M | 357.05M | -15.54M | -1.60M | 7.86M | 489.18M |
Planet Labs PBC Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL, the sentiment is Negative. The current price of 11.37 is below the 20-day moving average (MA) of 13.93, below the 50-day MA of 16.09, and below the 200-day MA of 26.43, indicating a bearish trend. The MACD of -1.12 indicates Positive momentum. The RSI at 29.10 is Positive, neither overbought nor oversold. The STOCH value of 17.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PL.
Planet Labs PBC Risk Analysis
Planet Labs PBC disclosed 73 risk factors in its most recent earnings report. Planet Labs PBC reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
2 New RisksPlanet Labs PBC Peers Comparison
Overall Rating
- PL53Neutral
LUNR53Neutral
RKLB48Neutral
RDW47Neutral
SATL42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| PL | 53Neutral | $4.60B | -10.34 | -93.11% | ― | 44.12% | -262.46% |
| LUNR | 53Neutral | $2.27B | -9.18 | 29.79% | ― | 116.89% | 64.21% |
| RKLB | 48Neutral | $31.34B | -166.09 | -7.56% | ― | 52.53% | 38.89% |
| RDW | 47Neutral | $1.93B | -4.91 | -16.79% | ― | 45.83% | 60.37% |
| SATL | 42Neutral | $493.51M | -4.72 | -3465.39% | ― | ― | ― |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| PL | Planet Labs Pbc | 11.37 | -2.02 | -15.09% | |
| RKLB | Rocket Lab Usa, Inc. | 45.99 | -5.91 | -11.39% | |
| RDW | Redwire Corporation | 6.19 | 0.02 | 0.32% | |
| SATL | Satellogic Inc. | 2.89 | 1.29 | 80.63% | |
| LUNR | Intuitive Machines, Inc. | 8.62 | -1.25 | -12.66% | |
| HAWK | HawkEye 360, Inc. | 12.76 | -21.24 | -62.47% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 15, 2026