Planet Labs PBC (PL) AI Stock Analysis

• Market Cap: $2.08B
• Dividend Yield: N/A
• Average Volume (3M): 11.32M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.46
• Revenue Growth: 9.52%
• EPS Growth: 24.27%
• Country: US
• Employees: 810
• Sector: Industrials
• Sector Strength: 94
• Industry: Aerospace & Defense
• EPS (TTM): 0.00
• Shares Outstanding: 282,273,350
• 10 Day Avg. Volume: 8,707,287
• 30 Day Avg. Volume: 11,321,952
• PEG Ratio: -1.29
• Price to Book (P/B): 4.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -43.25
• Enterprise Value/Market Cap: 0.88
• Enterprise Value/Revenue: 1.89
• Enterprise Value/Gross Profit: 12.60
• Enterprise Value/Ebitda: -5.49
• 1Y Price Target: $7.59
• Price Target Upside: 10.64% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 73 Outperform
• Price Target: $7.50 ▲(9.33%Upside)

The overall stock score of 73 reflects strong technical momentum and positive earnings call sentiment driven by strategic growth in the defense sector and AI integration. These factors are offset by the current lack of profitability and challenging valuation metrics. Continued focus on improving cash flows and operational efficiency could enhance the stock's appeal.

Positive Factors

Contract Wins

PL announced several new contract wins headlined by its second 9-figure multi-year satellite services contract with the German government.

Revenue Growth

Management's affirmation of a strong pipeline of similar opportunities gives increased confidence in PL returning to 20%+ topline growth.

Technological Expansion

PL plans to launch multiple next-gen Pelican flocks, which should meaningfully expand capacity.

Negative Factors

Cost Management

Large deals can sometimes weigh modestly on costs before revenue ramps.

Gross Margins

New satellite development and launch costs are expected to weigh on GMs in the near term before expanding.

Margin Pressure

The outlook for FY26 Adj. EBITDA missed street estimates as mix shifts to hardware construction and the company spends money to support space operations and AI capabilities.

Planet Labs PBC Business Overview & Revenue Model

Company Description

Planet Labs PBC (PL) is a leading Earth imaging company that operates in the geospatial and satellite data sectors. The company specializes in capturing and delivering high-resolution satellite imagery and geospatial solutions to a diverse range of industries. Its core products and services include daily satellite images of the Earth, which are utilized for applications in agriculture, forestry, mapping, government, and environmental monitoring, among others.

How the Company Makes Money

Planet Labs PBC generates revenue primarily through the sale of its satellite imagery and geospatial data services. The company employs a subscription-based revenue model, allowing customers to access its vast library of satellite images and analytics tools on a recurring basis. Key revenue streams include contracts with government agencies, commercial enterprises, and research institutions that require up-to-date, high-resolution Earth imagery for decision-making and analysis. Additionally, Planet Labs engages in significant partnerships with technology companies and other stakeholders in the geospatial industry, which help expand its market reach and drive revenue growth.

Planet Labs PBC Financial Statement Overview

Summary

Planet Labs PBC demonstrates strong revenue growth, yet profitability remains elusive with negative net margins and free cash flow. The balance sheet is robust, with low leverage, but negative ROE indicates inefficiencies in capital utilization.

Income Statement

Planet Labs PBC shows a positive trend in revenue growth, with a notable increase from $113.17M in 2021 to $250.18M in TTM. However, the company has not achieved profitability, evident from negative net and EBIT margins. The gross profit margin has improved to 58.27% TTM, indicating efficient cost management, but the net profit margin remains deeply negative at -42.57% due to high operating expenses.

Balance Sheet

The balance sheet reflects a solid equity base with a debt-to-equity ratio of 0.04, indicating low leverage. The equity ratio is strong at 67.55% TTM, suggesting financial stability. However, the return on equity is negative at -23.95% TTM due to continuous net losses, highlighting challenges in generating profits from equity investments.

Cash Flow

Cash flow analysis indicates challenges, with a negative free cash flow of -$45.74M TTM. The operating cash flow to net income ratio is positive at 0.07 TTM, showing some cash generation despite net losses. However, the free cash flow to net income ratio is negative, reflecting the need for improved cash management and cost control.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	244.35M	220.70M	191.26M	131.21M	113.17M
Gross Profit	139.72M	112.95M	94.01M	48.22M	25.79M
EBITDA	-70.48M	-92.06M	-117.79M	-81.14M	-54.38M
Net Income	-123.20M	-140.51M	-161.97M	-137.12M	-127.10M
Balance Sheet
Total Assets	633.80M	702.00M	752.72M	821.44M	399.31M
Cash, Cash Equivalents and Short-Term Investments	228.67M	298.91M	408.76M	490.76M	71.18M
Total Debt	21.61M	24.93M	22.03M	0.00	163.86M
Total Liabilities	192.51M	183.98M	176.62M	173.20M	291.80M
Stockholders Equity	441.29M	518.02M	576.10M	648.25M	107.51M
Cash Flow
Free Cash Flow	-58.67M	-93.12M	-86.69M	-57.14M	-34.15M
Operating Cash Flow	-14.37M	-50.71M	-73.93M	-42.21M	-4.03M
Investing Cash Flow	57.91M	-33.59M	-242.26M	-25.15M	-30.80M
Financing Cash Flow	-15.54M	-1.60M	7.86M	489.18M	83.94M

Planet Labs PBC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PL, the sentiment is Positive. The current price of 6.86 is above the 20-day moving average (MA) of 6.46, above the 50-day MA of 5.31, and above the 200-day MA of 4.17, indicating a bullish trend. The MACD of 0.41 indicates Positive momentum. The RSI at 63.33 is Neutral, neither overbought nor oversold. The STOCH value of 65.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PL.

Planet Labs PBC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PL	73 Outperform	$2.08B	―	-22.54%	―	9.52%	24.27%
RKLB	62 Neutral	$23.56B	―	-45.38%	―	64.98%	-10.52%
Sector *	58 Neutral	HK$14.81B	4.65	-2.78%	5.10%	3.80%	-54.55%
EH	53 Neutral	$1.43B	―	-43.18%	―	167.99%	22.75%
SPCE	51 Neutral	$167.55M	―	-95.46%	―	-34.33%	52.30%
SKYH	50 Neutral	$799.79M	―	-42.87%	―	102.32%	13.67%
EVTL	25 Underperform	$643.87M	―	115.25%	―	―	23.26%

Planet Labs PBC Corporate Events

Planet Labs PBC Holds Annual Stockholder Meeting

On July 10, 2025, Planet Labs PBC held its Annual Meeting of Stockholders where several key decisions were made. The stockholders re-elected William Marshall and Robert Schingler, Jr. as Class I directors and elected Gary B. Smith as a new Class I director, each for a three-year term. Additionally, KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending January 31, 2026. The compensation of the Company’s named executive officers was also approved on a non-binding advisory basis.

The most recent analyst rating on (PL) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Planet Labs PBC stock, see the PL Stock Forecast page.

Planet Labs PBC Secures €240M Satellite Deal with Germany

On July 1, 2025, Planet Labs PBC announced a multi-year €240 million agreement with the German government to provide satellite services aimed at enhancing European peace and security. The deal involves using Pelican satellites for high-resolution imagery and intelligence, leveraging Planet’s extensive satellite network to meet the urgent demand for geospatial intelligence. This strategic agreement, alongside a recent deal with NATO, reinforces Planet’s position as a key partner in the global security landscape, although it does not alter the company’s financial guidance for the fiscal year ending January 31, 2026.

The most recent analyst rating on (PL) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Planet Labs PBC stock, see the PL Stock Forecast page.

Planet Labs PBC Board Members Resign Before Annual Meeting

On May 28, 2025, Niccolo de Masi and J. Heidi Roizen announced their resignations from the board of directors of Planet Labs PBC, effective after the company’s 2025 Annual Meeting of Stockholders. Their departures were not due to any disagreements with the company. Following these resignations, the board decided to reduce its size to eight members, effective immediately after the 2025 Annual Meeting.

The most recent analyst rating on (PL) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Planet Labs PBC stock, see the PL Stock Forecast page.