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Planet Labs PBC (PL)
NYSE:PL
Earnings Data
Report Date
Jun 04, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
0Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call highlighted substantial progress: record revenue growth, first full-year adjusted EBITDA profitability and positive free cash flow, a large and growing backlog/RPO base, major Satellite Services deals, and deepening AI and partner collaborations (NVIDIA, Google). Management is aggressively investing to scale manufacturing and AI capabilities, reflected in elevated CapEx and short-term margin/headline EBITDA pressure. Commercial and Civil segments are softer amid a deliberate shift toward larger government contracts, and timing/contract mix creates some near-term volatility risk. On balance the call emphasized durable demand, meaningful financial improvement, and strong strategic positioning, with near-term trade-offs for longer-term growth.Company Guidance
Record Revenue and Strong Growth
Full-year revenue of $307.7M (reported as $308M), up ~26% year-over-year; Q4 revenue of $86.8M, up ~41% year-over-year. FY2027 revenue guidance raised to $415M–$440M (~39% growth at midpoint).
Profitability Milestones Achieved
First full fiscal year of non-GAAP adjusted EBITDA profitability at $15.5M and first full fiscal year of positive free cash flow at $52.9M (free cash flow reported as $53M). Q4 marked the fifth consecutive quarter of adjusted EBITDA profitability.
Substantial Cash Position and Operating Cash Generation
Ended FY2026 with ~$640M in cash, cash equivalents, and short-term investments (up ~$418M YoY). Net cash from operating activities was ~$134.4M for FY2026.
Backlog and RPO Growth Providing Visibility
End-of-period backlog ~ $900M, up ~79% year-over-year; Remaining performance obligations (RPOs) ~$852.4M, up ~106% year-over-year, giving strong visibility into future revenue (34% of RPOs apply to next 12 months).
Satellite Services Momentum and Fleet Activity
Signed major Satellite Services contracts including a €240M Germany-funded agreement and a nine-figure multiyear deal with Sweden; launched 40 satellites (including four high-resolution Pelican sats) and have multiple Pelican launches scheduled for the year. Announced expansion of manufacturing capacity in San Francisco and a second site in Berlin.
Defense & Intelligence Outperformance
Defense & Intelligence revenue grew ~50% year-over-year, driven by Data Subscriptions, Solutions, and Satellite Services. Multiple awards and extensions from DIU, NATO, and selection as a prime on the Missile Defense Agency SHIELD IDIQ.
Strategic Partnerships and AI Progress
Announced research and product collaborations with NVIDIA and Google (including in‑space compute demos and GPU-native AI engine work), integration of Bedrock Research enabling 600 monitoring sites set up in three hours, and positioning Planet's Daily Scan archive (~3,000 collections per land point) as foundational real‑world data for AI.
Retention and Contract Quality
Recurring ACV represented 98% of end-of-period ACV; net dollar retention rate of 116% (118% with winbacks), indicating strong account expansion and subscription stability.
Rule of 40 / Margin Progress
Achieved Rule of 40 for the quarter (revenue growth plus adjusted EBITDA margin) for the second sequential quarter and achieved Rule of 30 on an annual basis one year earlier than anticipated; FY non-GAAP gross margin was 59%.
PL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 19, 2026 | $26.96 | $33.83 | +25.48% |
Dec 10, 2025 | $12.94 | $17.47 | +35.01% |
Sep 08, 2025 | $6.53 | $9.66 | +47.93% |
Jun 04, 2025 | $3.99 | $5.96 | +49.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Planet Labs PBC (PL) report earnings?
Planet Labs PBC (PL) is schdueled to report earning on Jun 04, 2026, After Close (Confirmed).
What is Planet Labs PBC (PL) earnings time?
Planet Labs PBC (PL) earnings time is at Jun 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PL EPS forecast?
PL EPS forecast for the fiscal quarter 2027 (Q1) is -0.04.
