Planet Labs PBC (PL) AI Stock Analysis

• Market Cap: $3.61B
• Dividend Yield: N/A
• Average Volume (3M): 9.05M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.62
• Revenue Growth: 11.33%
• EPS Growth: 35.92%
• Country: US
• Employees: 810
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): -0.03
• Shares Outstanding: 286,765,400
• 10 Day Avg. Volume: 8,534,023
• 30 Day Avg. Volume: 9,054,759
• PEG Ratio: 0.90
• Price to Book (P/B): 4.04
• Price to Sales (P/S): 7.29
• P/FCF Ratio: -30.37
• Enterprise Value/Market Cap: 0.45
• Enterprise Value/Revenue: 6.25
• Enterprise Value/Gross Profit: 10.61
• Enterprise Value/Ebitda: -29.37
• 1Y Price Target: $15.41
• Price Target Upside: 31.48% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: $11.50 ▼(-1.88% Downside)

Planet Labs PBC's overall stock score is primarily influenced by its financial performance and earnings call insights. Despite profitability challenges, the company shows strong revenue growth and strategic advancements, particularly in the defense sector. Technical analysis and valuation metrics are less favorable, reflecting bearish trends and ongoing losses.

Positive Factors

Revenue Growth

A 20% YoY revenue increase indicates strong demand for Planet Labs' services, suggesting robust market position and potential for sustained growth.

Backlog Expansion

A significant backlog increase provides visibility into future revenue, supporting long-term financial stability and strategic planning.

Positive Free Cash Flow

Achieving positive free cash flow strengthens financial health, allowing for reinvestment and reducing reliance on external financing.

Negative Factors

Profitability Challenges

Ongoing profitability issues could hinder long-term financial health, necessitating operational improvements to sustain growth.

Negative Free Cash Flow Growth

Negative free cash flow growth suggests operational inefficiencies, potentially impacting the company's ability to fund future growth initiatives.

Decline in Civil Government Revenue

A decline in civil government revenue highlights sector-specific challenges, which could affect diversification and revenue stability.

Planet Labs PBC Business Overview & Revenue Model

Company Description

Planet Labs PBC (PL) is a private Earth imaging company that specializes in capturing high-resolution satellite imagery and providing geospatial data. Founded in 2010, the company operates a fleet of small satellites known as Doves, which continuously monitor the Earth's surface to deliver insights across various sectors including agriculture, forestry, energy, and urban development. Planet Labs aims to democratize access to satellite data, enabling organizations to make informed decisions based on real-time information.

How the Company Makes Money

Planet Labs generates revenue primarily through the sale of satellite imagery and geospatial data services. Its main revenue streams include subscriptions for access to its data platform, which allows customers to retrieve and analyze satellite imagery on demand. The company also offers custom data solutions and analytics services tailored to specific industries. Significant partnerships with government agencies, non-profit organizations, and commercial enterprises further bolster its earnings, as these collaborations often involve long-term contracts and data-sharing agreements. Additionally, Planet Labs may explore opportunities in data licensing and software development to expand its revenue base.

Planet Labs PBC Financial Statement Overview

Summary

Planet Labs PBC shows positive revenue growth and maintains a strong equity position with low leverage. However, it faces significant profitability challenges with negative net income and cash flow issues. The focus should be on improving operational efficiency and cash generation to enhance financial stability.

Income Statement

Planet Labs PBC shows a positive revenue growth trend, with a TTM revenue growth rate of 4.91%. However, the company is struggling with profitability, as indicated by negative net profit margins (-34.46%) and EBIT margins (-33.09%) in the TTM. The gross profit margin is relatively healthy at 58.90%, suggesting efficient production, but the overall profitability is hampered by high operating expenses.

Balance Sheet

The company maintains a strong equity position with a low debt-to-equity ratio of 0.04, indicating low financial leverage. However, the return on equity is negative (-20.25%), reflecting ongoing losses. The equity ratio is not explicitly calculated, but the low leverage suggests a stable financial structure.

Cash Flow

Planet Labs PBC has shown improvement in operating cash flow, but free cash flow growth is negative (-170.73%), indicating challenges in generating cash from operations. The operating cash flow to net income ratio is 0.41, which is relatively low, suggesting limited cash conversion from earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	262.47M	244.35M	220.70M	191.26M	131.21M	113.17M
Gross Profit	154.60M	139.72M	112.95M	94.01M	48.22M	25.79M
EBITDA	-55.86M	-57.07M	-92.06M	-117.79M	-81.14M	-54.38M
Net Income	-90.45M	-123.20M	-140.51M	-161.97M	-137.12M	-127.10M
Balance Sheet
Total Assets	696.42M	633.80M	702.00M	752.72M	821.44M	399.31M
Cash, Cash Equivalents and Short-Term Investments	277.85M	228.67M	298.91M	408.76M	490.76M	71.18M
Total Debt	17.54M	21.61M	24.93M	22.03M	0.00	163.86M
Total Liabilities	260.74M	192.51M	183.98M	176.62M	173.20M	291.80M
Stockholders Equity	435.69M	441.29M	518.02M	576.10M	648.25M	107.51M
Cash Flow
Free Cash Flow	32.36M	-58.67M	-93.12M	-86.69M	-57.14M	-34.15M
Operating Cash Flow	82.90M	-14.37M	-50.71M	-73.93M	-42.21M	-4.03M
Investing Cash Flow	-41.52M	57.91M	-33.59M	-242.26M	-25.15M	-30.80M
Financing Cash Flow	-20.59M	-15.54M	-1.60M	7.86M	489.18M	83.94M

Planet Labs PBC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.72
• 50DMA: Negative
• 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 11.72 is below the 20-day moving average (MA) of 12.18, below the 50-day MA of 12.95, and above the 200-day MA of 7.17, indicating a neutral trend. The MACD of -0.38 indicates Positive momentum. The RSI at 45.32 is Neutral, neither overbought nor oversold. The STOCH value of 54.86 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
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PL	53 Neutral	$3.61B	―	-19.90%	―	11.33%	35.92%
SPIR	49 Neutral	$280.36M	14.42	39.87%	―	-16.52%	―
VOYG	48 Neutral	$1.31B	―	―	―	―	―
RKLB	47 Neutral	$22.40B	―	-23.24%	―	52.42%	-1.33%
BKSY	41 Neutral	$638.87M	―	-88.03%	―	-5.13%	-37.34%

Planet Labs PBC Corporate Events

Planet Labs PBC Issues $460M Convertible Notes

On September 12, 2025, Planet Labs PBC issued $460 million in Convertible Senior Notes due 2030, with an interest rate of 0.50% per annum. These notes, which are convertible into cash or shares of common stock, are intended to support the company’s general corporate purposes and manage potential stock dilution through capped call transactions. The issuance reflects Planet Labs’ strategic financial planning to bolster its market position and operational capabilities.

The most recent analyst rating on (PL) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Planet Labs PBC stock, see the PL Stock Forecast page.

Planet Labs PBC Elects Scott Reese to Board

On September 5, 2025, Planet Labs PBC announced the election of Scott Reese to its board of directors, with the election becoming effective later in the year. Scott Reese, currently the CEO of the Electrification Software business at GE Vernova, brings extensive experience in software and product development, which is expected to aid Planet in its strategic growth and mission to provide global intelligence through satellite imagery. Reese’s leadership is anticipated to guide Planet through its next chapter of growth and expansion in key markets.

The most recent analyst rating on (PL) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on Planet Labs PBC stock, see the PL Stock Forecast page.

Planet Labs PBC Reports Strong Earnings and Growth

Planet Labs PBC’s recent earnings call painted a picture of robust financial health and strategic advancements. The company reported significant growth in revenue and backlog, underscoring its strong performance in the defense and intelligence sectors. Despite facing challenges in the civil government sector and stagnant revenue in North America, the overall sentiment was positive, buoyed by profitability milestones and technological progress.

Planet Labs PBC Achieves Record Revenue in Q2 2026

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.