Planet Labs PBC
PL
$12.77 -1.31%
Exchange: NYSE | Sector: Industrials | Industry: Aerospace Defense
Q1 2026
Published: Jun 4, 2025

Earnings Highlights

  • Revenue of $66.27M up 9.6% year-over-year
  • EPS of $-0.04 increased by 57.9% from previous year
  • Gross margin of 55.2%
  • Net income of -12.63M
  • "Backlog grew to over half a billion dollars at the end of the quarter, reinforcing our path to accelerating growth." - Will Marshall
PL
Company PL

Executive Summary

Planet Labs delivered a strong QQ1 2026 performance characterized by a 10% year-over-year revenue increase to $66.3 million, a non-GAAP gross margin of 59% (up from 55% a year ago), and a positive adjusted EBITDA of $1.2 million. Management also announced a first-ever quarterly positive free cash flow of $8.0 million and a backlog exceeding $500 million, underscoring durable demand and improved visibility. The company advanced its two-pronged growth strategy: (1) delivering integrated global insights via AI-enabled solutions to broaden the addressable market and accelerate value realization, and (2) expanding the satellite services offering to finance and scale next-generation fleets, including JSA and downstream data products.

Key Performance Indicators

Revenue
Increasing
66.27M
QoQ: 7.65% | YoY: 9.64%
Gross Profit
Increasing
36.60M
55.24% margin
QoQ: -4.22% | YoY: 15.53%
Operating Income
Increasing
-22.77M
QoQ: -17.58% | YoY: 34.13%
Net Income
Increasing
-12.63M
QoQ: 64.08% | YoY: 56.89%
EPS
Increasing
-0.04
QoQ: 64.92% | YoY: 57.90%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 73.39 -0.07 +20.1% View
Q1 2026 66.27 -0.04 +9.6% View
Q4 2025 61.55 -0.12 +4.6% View
Q3 2025 61.27 -0.07 +10.6% View
Q2 2025 61.09 -0.13 +13.6% View