The earnings call presented a mixture of positive achievements and challenges. The company demonstrated strong revenue growth, profitability, and significant contract wins, particularly in the defense and intelligence sectors. However, there were notable challenges, including a decline in civil government revenue, variability in the commercial sector, and a decrease in customer count. Despite these challenges, the positive aspects, such as international expansion and a strong backlog, suggest a favorable outlook.

Company Guidance

During the Planet Labs PBC first quarter fiscal 2026 earnings call, Will Marshall, CEO of Planet, reported a strong performance with $66.3 million in revenue, reflecting a 10% year-over-year growth. The company achieved a non-GAAP gross margin of 59% and an adjusted EBITDA profit of $1.2 million, marking their second consecutive quarter of adjusted EBITDA profitability. Notably, Planet recorded $17.3 million in cash flow from operating activities and $8 million in positive free cash flow, a first for the company. The backlog increased to over $527 million, indicating a robust path to accelerated growth. For the second quarter, Planet anticipates revenue between $65 million and $67 million, with a non-GAAP gross margin ranging from 56% to 57%, and an adjusted EBITDA loss projected between $2 million and $4 million. For the full fiscal year 2026, the company expects revenue between $265 million and $280 million, with a non-GAAP gross margin of 55% to 57% and an adjusted EBITDA loss from $7 million to $12 million. The company’s financial strategy includes capital expenditures of $50 million to $65 million for the year, highlighting their focus on sustainable growth and expanding market share.

Positive Revenue Growth

Generated $66.3 million in revenue, representing approximately 10% year-over-year growth, exceeding expectations.

Improved Profitability

Achieved an adjusted EBITDA profit of $1.2 million, representing the second sequential quarter of adjusted EBITDA profitability.

Positive Free Cash Flow

Generated $8 million in positive free cash flow for the first time in the company's history.

Strong Backlog Growth

Backlog grew to over half a billion dollars, reinforcing the path to accelerating growth.

Defense and Intelligence Sector Success

Revenue from the defense and intelligence sector grew over 20% year-over-year during Q1.

Significant Contract Wins

Awarded an eight-figure ACV expansion contract by a European defense intelligence customer.

International Expansion and Demand

Revenue grew more than 30% year over year in both EMEA and Asia Pacific.

Planet Labs PBC (PL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 08, 2025	2026 (Q2)	-0.05 / -	-0.06	―	―	―
Jun 04, 2025	2026 (Q1)	-0.04 / 0.00	-0.05	―
Mar 20, 2025	2025 (Q4)	-0.02 / -0.08	-0.06	-33.33% (-0.02)
Dec 09, 2024	2025 (Q3)	-0.05 / -0.02	-0.05	60.00% (+0.03)
Sep 05, 2024	2025 (Q2)	-0.07 / -0.06	-0.07	14.29% (+0.01)
Jun 06, 2024	2025 (Q1)	-0.07 / -0.05	-0.07	28.57% (+0.02)
Mar 28, 2024	2024 (Q4)	-0.06 / -0.06	-0.08	25.00% (+0.02)
Dec 07, 2023	2024 (Q3)	-0.08 / -0.05	-0.08	37.50% (+0.03)
Sep 07, 2023	2024 (Q2)	-0.08 / -0.07	-0.07	0.00% (0.00)
Jun 08, 2023	2024 (Q1)	-0.10 / -0.07	-0.094	25.53% (+0.02)

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
Jun 04, 2025	$3.99	$5.96	+49.37%
Mar 20, 2025	$4.24	$3.79	-10.61%
Dec 09, 2024	$4.04	$3.87	-4.21%
Sep 05, 2024	$2.48	$1.78	-28.23%

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 Sep 08, 2025, After Close (Confirmed).

What is Planet Labs Pbc (PL) earnings time?

Planet Labs Pbc (PL) earnings time is at Sep 08, 2025, 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 2026 (Q2) is -0.05.

Planet Labs PBC (PL) Earnings News

Planet Labs Plummets on Q1 Numbers, Tepid Outlook

Premium

Market News

Planet Labs Plummets on Q1 Numbers, Tepid Outlook

2y ago

See More PL News >

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing