Want to see PL full AI Analyst Report?
Top Page
Planet Labs PBC
(NYSE:PL)
Select Model
Select Model
Rating:53Neutral
Price Target:
$16.50
▼(-23.43% Downside)
Action:Reiterated
Date:09/15/26
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.
Positive Factors
Recurring Revenue and Retention
The high recurring share and strong net dollar retention indicate that Planet’s data is embedded in customer workflows and supports repeatable revenue. Annual and multiyear commitments improve visibility, while expansion from existing customers can compound growth without relying solely on new bookings.
Negative Factors
Severe Unprofitability
The very large net loss shows that Planet’s current cost structure remains far ahead of its revenue scale. Continued losses can consume the benefits of positive operating cash flow, constrain reinvestment choices and make the transition to sustainable profitability dependent on substantial execution improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Revenue and Retention
The high recurring share and strong net dollar retention indicate that Planet’s data is embedded in customer workflows and supports repeatable revenue. Annual and multiyear commitments improve visibility, while expansion from existing customers can compound growth without relying solely on new bookings.
Read all positive factors
Planet Labs PBC Key Performance Indicators (KPIs)
Any
Customer Count
Indicates the total number of customers, reflecting the company's market reach and potential for revenue growth.
Indicates the total number of customers, reflecting the company's market reach and potential for revenue growth.
Data provided by:
The Fly
The FlyPlanet Labs PBC (PL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.97B
Dividend YieldN/A
Average Volume (3M)8.82M
Price to Earnings (P/E)―
Beta (1Y)2.21
Revenue Growth44.12%
EPS Growth-262.46%
CountryUS
Employees973
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-1.10
Shares Outstanding340,354,200
10 Day Avg. Volume10,863,931
30 Day Avg. Volume8,823,910
Financial Highlights & Ratios
PEG Ratio-0.34
Price to Book (P/B)40.79
Price to Sales (P/S)24.98
P/FCF Ratio133.32
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$36.30Price Target Upside68.45% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)-0.05
Revenue Forecast (FY)$437.49M
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. T...
How the Company Makes Money
Planet primarily makes money by selling access to its Earth observation data and related services, with revenue largely generated through contracts and subscriptions. Key revenue streams include: (1) Subscription and contract revenue for satellite...
Planet Labs PBC Earnings Call Summary
Earnings Call Date:Sep 03, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Dec 14, 2026
Earnings Call Sentiment Positive
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.Positive Updates
Record Revenue and Rule of 40 Performance
Second-quarter revenue reached a record $116 million, representing approximately 58% year-over-year growth. Planet exceeded the Rule of 40 for the fourth consecutive quarter, supported by strong execution across satellite services and continued momentum in Data and Solutions.
Negative Updates
Year-over-Year Gross Margin Decline
Second-quarter non-GAAP gross margin was 59%, compared with 61% in the second quarter of fiscal year 2026. The company attributed the decline to investments supporting satellite services contracts and AI-enabled partner solutions.
Read all updates
Q2-2027 Updates
Positive
Negative
Record Revenue and Rule of 40 Performance
Second-quarter revenue reached a record $116 million, representing approximately 58% year-over-year growth. Planet exceeded the Rule of 40 for the fourth consecutive quarter, supported by strong execution across satellite services and continued momentum in Data and Solutions.
Read all positive 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
Income Statement
36
Negative
Balance Sheet
44
Neutral
Cash Flow
55
Neutral
| 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 | -81.14M |
| 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 | 0.00 |
| 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
Negative
21.55
Price Trends
21.18
Negative
28.81
Negative
27.21
Negative
Market Momentum
-1.76
Positive
29.82
Positive
23.23
Neutral
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 21.55 is above the 20-day moving average (MA) of 18.66, above the 50-day MA of 21.18, and below the 200-day MA of 27.21, indicating a bearish trend. The MACD of -1.76 indicates Positive momentum. The RSI at 29.82 is Positive, neither overbought nor oversold. The STOCH value of 23.23 is Neutral, 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.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Planet Labs PBC Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $2.19B | -15.33 | -33.05% | ― | 10.63% | -28.03% | |
54 Neutral | $38.64B | -233.19 | -7.56% | ― | 52.53% | 38.89% | |
53 Neutral | $5.97B | -14.93 | -93.11% | ― | 44.12% | -262.46% | |
53 Neutral | $886.84M | -11.88 | -55.79% | ― | 4.07% | 45.58% | |
51 Neutral | $463.10M | -4.27 | -75.24% | ― | -33.13% | -511.56% |
* Industrials Sector Average
PL
Planet Labs PBC
16.42
5.31
47.79%
BKSY
BlackSky Technology
21.67
0.77
3.68%
SPIR
Spire Global
11.40
>-0.01
-0.09%
RKLB
Rocket Lab USA
64.57
14.76
29.63%
VOYG
Voyager Technologies, Inc. Class A
35.87
3.21
9.83%
Planet Labs PBC Corporate Events
Executive/Board ChangesShareholder Meetings
Planet Labs shareholders reinforce governance and board continuity
Positive
Jul 10, 2026
On July 9, 2026, Planet Labs PBC held its 2026 Annual Meeting of Stockholders, where shares of Class A and Class B common stock voted as a single class, with strong participation representing more than 700 million votes. Stockholders re-elected Vi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.