Planet Labs PBC

Listed Company

PLCIK 0001836833NYSELarge AcceleratedRadio & Tv Broadcasting & Communications EquipmentDelawareFY ends Jan 31

Period

FY 2026

Revenue

$307.73M

Net Income

$-246.86M

Total Assets

$1.15B

Equity

$188.43M

Shares Out

260.09M

Op. Cash Flow

$134.36M

Business

Planet Labs PBC operates an Earth observation business that designs, builds, launches, and operates a large fleet of imaging satellites to image the Earth daily and deliver geospatial data. It offers satellite imagery, machine learning analytics, and cloud-native data delivery through products such as Planet Monitoring, Planet Tasking, Planet Hyperspectral, APIs, apps, basemaps, analytic feeds and Planetary Variables. The company’s operations are organized around Data Solutions and Platform and Analytics capabilities supported by R&D, sales, marketing and partner programs. It sells recurring subscriptions and usage-based licenses to commercial and government customers worldwide via direct sales, partners and cloud channels.

Summary from filing dated 2025-03-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Revenue	308	244	221	191	131
Cost of revenue	135	105	108	97	—
Gross profit	172	140	113	94	48
Research and development	107	101	116	111	67
Sales and marketing	73	78	86	78	53
General and administrative	88	77	80	81	57
Total operating expenses	268	256	283	270	176
Loss from operations	−95	−116	−170	−176	−128
Interest income	14	10	15	8	21,000
Interest expense	−3	−832,000	0	—	—
Change in fair value of warrant liabilities	−161	−15	14	7	—
Other income (expense), net	3	1	931,000	330,000	−2
Total other income (expense), net	−147	−5	30	15	−7
Total loss before income taxes	−242	−121	−140	−161	−135
Provision for income taxes	5	2	815,000	847,000	2
Net loss	−247	−123	−141	−162	−137
Basic net loss per share attributable to common stockholders (in USD per share)	−0.8	−0.42	−0.5	−0.61	−1.72
Diluted net loss per share attributable to common stockholders (in USD per share)	−0.8	−0.42	−0.5	−0.61	−1.72
Basic weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders (in shares)	308	292	280	267	80
Diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders (in shares)	308	292	280	267	80

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	229	118	84	182	491
Restricted cash and cash equivalents, current	642,000	7	8	527,000	—
Short-term investments	411	104	215	227	0
Accounts receivable, net of allowance of $3 and $807, respectively	84	56	43	39	44
Inventories	6	0	—	—	—
Prepaid expenses and other current assets	45	18	20	27	16
Total current assets	775	302	370	476	552
Property and equipment, net	151	122	113	108	133
Capitalized internal-use software, net	21	19	15	11	11
Goodwill	143	136	136	113	103
Intangible assets, net	27	27	32	15	14
Restricted cash and cash equivalents, non-current	5	5	10	—	—
Operating lease right-of-use assets	15	20	22	20	8
Other non-current assets	8	2	2	4	3
Total assets	1,146	634	702	753	821
Accounts payable	11	3	3	7	3
Accrued and other current liabilities	56	43	45	46	49
Deferred revenue	221	82	72	52	64
Liability from early exercise of stock options	2	5	9	13	16
Operating lease liabilities, current	7	9	8	5	—
Public and private placement warrant liabilities	173	0	—	—	—
Total current liabilities	469	142	137	122	132
Deferred revenue	28	11	5	3	4
Deferred hosting costs	4	5	7	9	12
Public and private placement warrant liabilities	0	18	3	17	23
Operating lease liabilities, non-current	8	12	17	17	—
Contingent consideration	0	3	6	7	0
Convertible notes	447	0	—	—	—
Other non-current liabilities	1	530,000	9	1	1
Total liabilities	957	193	184	177	173
Commitments and contingencies (Note 10)	—	—	—	—	—
Common stock, $0.0001 par value, 570,000,000, 30,000,000 and 30,000,000 Class A, Class B and Class C shares authorized at January 31, 2026 and 2025, 312,421,506 and 278,937,702 Class A shares issued and outstanding at January 31, 2026 and 2025, respectively, 22,909,742 and 21,157,586 Class B shares issued and outstanding at January 31, 2026 and 2025, 0 Class C shares issued and outstanding at January 31, 2026 and 2025	34,000	28,000	28,000	27,000	27,000
Additional paid-in capital	1,632	1,645	1,596	1,513	1,423
Accumulated other comprehensive income (loss)	6	−1	2	2	2
Accumulated deficit	−1,450	−1,203	−1,080	−939	−777
Total stockholders equity	188	441	518	576	648
Total liabilities and stockholders equity	1,146	634	702	753	821

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	42	46	48	43	45
Stock-based compensation, net of capitalized cost of $2,605, $2,339 and $2,344, respectively	55	48	57	76	42
Change in fair value of contingent consideration	465,000	3	−741,000	0	0
Other	1	−920,000	−4	−404,000	−1
Accounts receivable	−30	−12	−3	6	3
Inventories	−609,000	0	0	—	—
Prepaid expenses and other assets	−11	8	10	−10	−9
Accounts payable, accrued and other liabilities	14	−13	−25	−3	16
Deferred revenue	151	16	22	−14	−5
Deferred hosting costs	−2	−2	−1	−3	6
Net cash provided by (used in) operating activities	134	−14	−51	−74	−42
Purchases of property and equipment	−77	−44	−38	−10	−10
Capitalized internal-use software	−5	−5	−4	−2	−5
Maturities of available-for-sale securities	90	61	161	55	0
Sales of available-for-sale securities	33	193	46	0	0
Purchases of available-for-sale securities	−428	−140	−189	−280	0
Business acquisition, net of cash acquired	−5	−1	−8	−4	−10
Purchases of licensed imagery intangible assets	−1	−5	0	0	—
Other	0	−300,000	−1	−557,000	−598,000
Net cash provided by (used in) investing activities	−393	58	−34	−242	−25
Proceeds from the exercise of common stock options	28	4	7	15	11
Payments for withholding taxes related to the net share settlement of equity awards	−73	−12	−9	−6	−6
Proceeds from employee stock purchase program	3	2	0	0	—
Payments of contingent consideration for business acquisitions	−4	−9	0	0	—
Payment of indemnification holdback for business acquisition	−5	0	0	—	—
Proceeds from issuance of convertible notes, net of discount	449	0	0	—	—
Payment of debt issuance costs	−3	0	0	—	—
Proceeds from the exercise of warrants	5	0	0	—	—
Other	−3	−738,000	−15,000	−504,000	0
Net cash provided by (used in) financing activities	357	−16	−2	8	489
Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents	7	−201,000	17,000	−402,000	−2
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalent	106	28	−86	−309	420
Contingent consideration for business acquisition	0	0	6	8	0
Issuance of Class A common stock for business acquisition	0	0	22	—	—
Transfers from property and equipment, net to inventories, net	6	0	0	—	—
Accrued purchase of property and equipment	5	718,000	1	51,000	354,000

Filings

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