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Planet Labs PBC engages in the design, construction, and launch of constellations of satellites with the intent of providing high-cadence geospatial data delivered to customers through an online platform in the United States and internationally. The company offers SuperDove satellites to create an always-online scanner for the planet, with the goal of imaging the Earth every day at a ground sampling distance (GSD) resolution of up to 3.5 meters. This combines planet monitoring with other scientific-grade radiometric data from public satellite data programs; and SkySat and Pelican satellites to capture a specified location several times per day, achieving a GSD resolution of up to 50 centimeters after processing, powered by an application programming interface. It also provides Tanager, a hyperspectral imaging satellite that delivers full-spectrum imagery across the visible and shortwave infrared regions, and the Earth Observation platform, which enables customers and partners to access, analyze, and act on its proprietary data catalog by discovering image tasking capacity, relevant data layers, extracting useful information, and delivering insights through custom-built solutions or GIS workflows via APIs and browser-based applications. In addition, the company's satellite services arrangements include designing and manufacturing customer-owned satellites, mission systems engineering, launch procurement, ground station infrastructure, satellite operations, and maintenance, as well as dedicated image tasking capacity on company-owned or customer-owned satellites. It serves agriculture, mapping, energy, forestry, finance, and insurance companies, as well as government agencies. Planet Labs PBC was founded in 2010 and is headquartered in San Francisco, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $308M | $-197M | $-247M | $51M | -131.0% | 25.9% | 100.4% |
| 2025 | $244M | $-74M | $-123M | $-69M | -27.9% | 10.7% | -12.3% |
| 2024 | $221M | $-92M | $-141M | $-93M | -27.1% | 15.4% | -13.2% |
| 2023 | $191M | $-132M | $-162M | $-87M | -28.1% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 191.26 | 220.70 | 244.35 | 307.73 |
| Operating Revenue | - | 191.26 | 220.70 | 244.35 | 307.73 |
| Cost Of Revenue | - | 97.25 | 107.75 | 104.63 | 135.24 |
| Gross Profit | - | 94.01 | 112.95 | 139.72 | 172.48 |
| Operating Expense | - | 269.68 | 280.26 | 250.85 | 267.56 |
| Research And Development | - | 110.92 | 116.34 | 101.01 | 106.75 |
| Selling General And Administration | - | 158.77 | 163.92 | 149.84 | 160.81 |
| Total Expenses | - | 366.93 | 388.01 | 355.48 | 402.80 |
| Operating Income | - | -175.68 | -167.31 | -111.12 | -95.07 |
| Total Operating Income As Reported | - | -175.68 | -169.75 | -116.12 | -95.07 |
| EBITDA | - | -132.34 | -92.06 | -74.27 | -196.94 |
| Normalized EBITDA | - | -138.90 | -103.33 | -54.15 | -35.54 |
| EBIT | - | -175.68 | -139.69 | -119.90 | -238.77 |
| Interest Income | - | 7.67 | 15.41 | 10.26 | 14.33 |
| Interest Expense | - | 0 | 0 | 0.83 | 3.44 |
| Net Interest Income | - | 7.67 | 15.41 | 9.43 | 10.89 |
| Other Non Operating Income Expenses | - | 0.33 | 0.93 | 1.08 | 3.38 |
| Other Income Expense | - | 6.88 | 12.20 | -19.04 | -158.02 |
| Interest Income Non Operating | - | 7.67 | 15.41 | 10.26 | 14.33 |
| Interest Expense Non Operating | - | 0 | 0 | 0.83 | 3.44 |
| Net Non Operating Interest Income Expense | - | 7.67 | 15.41 | 9.43 | 10.89 |
| Pretax Income | - | -161.12 | -139.69 | -120.74 | -242.20 |
| Tax Provision | - | 0.85 | 0.82 | 2.46 | 4.66 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.38 | 2.37 | -4.22 | -64.56 |
| Net Income Continuous Operations | - | -161.97 | -140.51 | -123.20 | -246.86 |
| Net Income From Continuing And Discontinued Operation | - | -161.97 | -140.51 | -123.20 | -246.86 |
| Net Income From Continuing Operation Net Minority Interest | - | -161.97 | -140.51 | -123.20 | -246.86 |
| Net Income | - | -161.97 | -140.51 | -123.20 | -246.86 |
| Net Income Common Stockholders | - | -161.97 | -140.51 | -123.20 | -246.86 |
| Net Income Including Noncontrolling Interests | - | -161.97 | -140.51 | -123.20 | -246.86 |
| Normalized Income | - | -167.14 | -149.41 | -107.31 | -150.02 |
| Diluted NI Availto Com Stockholders | - | -161.97 | -140.51 | -123.20 | -246.86 |
| Basic Average Shares | - | 267.13 | 279.59 | 292.12 | 307.80 |
| Diluted Average Shares | - | 267.13 | 279.59 | 292.12 | 307.80 |
| Reconciled Depreciation | - | 43.33 | 47.64 | 45.64 | 41.82 |
| Reconciled Cost Of Revenue | - | 97.25 | 107.75 | 104.63 | 135.24 |
| Total Unusual Items | - | 6.55 | 11.27 | -20.11 | -161.40 |
| Total Unusual Items Excluding Goodwill | - | 6.55 | 11.27 | -20.11 | -161.40 |
| Special Income Charges | -1.69 | 0 | -2.44 | -5 | - |
| Other Special Charges | 1.69 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | - | 2.44 | 5 | - |
| Gain On Sale Of Security | - | 6.55 | 13.71 | -15.12 | -161.40 |
| General And Administrative Expense | - | 80.75 | 78.74 | 75.93 | 88.13 |
| Other Gand A | - | 80.75 | 78.74 | 75.93 | 88.13 |
| Selling And Marketing Expense | - | 78.02 | 85.18 | 73.91 | 72.68 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Planet Labs PBCthis co. | PL | $15.5B | -62.84 | 82.33 | -131.0% | -79.96 |
| IES Holdings, Inc. | IESC | $14.8B | 48.32 | 16.73 | 34.6% | 33.35 |
| Dycom Industries, Inc. | DY | $14.7B | 52.18 | 7.89 | 15.1% | 24.09 |
| Legence Corp. | LGN | $14.6B | -244.26 | 20.78 | -8.5% | 96.52 |
| Advanced Energy Industries, Inc. | AEIS | $12.8B | 86.52 |
| - |
| - |
| - |
| - |
| - |
| 9.42 |
| 10.9% |
| 52.10 |
| Kratos Defense & Security Solutions, Inc. | KTOS | $11.9B | 540.40 | 5.96 | 1.1% | 111.51 |
| SPX Technologies, Inc. | SPXC | $11.8B | 48.45 | 5.28 | 10.9% | 24.67 |
| Joby Aviation, Inc. | JOBY | $11.0B | -11.78 | 7.77 | -66.0% | -15.83 |
| Watts Water Technologies, Inc. | WTS | $10.5B | 30.87 | 5.19 | 16.8% | 20.02 |
| Peer Median | - | 48.39 | 7.83 | 10.9% | 29.01 | |