Planet Labs Pbc ( (PL) ) has released its Q2 earnings. Here is a breakdown of the information Planet Labs Pbc presented to its investors.
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Planet Labs PBC, a prominent player in the Earth observation sector, specializes in providing daily satellite imagery and geospatial solutions, leveraging the largest fleet of imaging satellites to deliver critical data and insights to various industries and government agencies worldwide.
Planet Labs PBC reported a robust financial performance for the second quarter of fiscal year 2026, achieving a record revenue of $73.4 million, marking a 20% increase year-over-year. The company also highlighted significant growth in its backlog and remaining performance obligations, reflecting strong demand for its Earth intelligence solutions.
Key financial metrics for the quarter included a gross margin of 58%, an adjusted EBITDA profit of $6.4 million, and a net cash inflow from operating activities amounting to $85.1 million year-to-date. The company successfully launched two high-resolution Pelican satellites, further enhancing its capabilities. Strategic partnerships and contracts with entities such as the German government, NATO, and the U.S. Department of Defense underscore Planet’s pivotal role in global security and environmental monitoring.
Looking ahead, Planet Labs PBC remains optimistic about its growth trajectory, with expectations of continued revenue growth and strategic investments in satellite technology. The company’s significant backlog provides visibility into future financial performance, positioning it well for fiscal year 2027 and beyond.