Planet Labs PBCPL

Planet Labs PBC Earnings Per Share Disclosure

10-KFiled Mar 26, 20252 min read
Net Loss Per Share Attributable to Common Stockholders
The Company computes net loss per share of the Class A common stock and Class B common stock using the two-class method required for participating securities. Basic and diluted net loss per share are the same for each class of common stock because they are entitled to the same liquidation and dividend rights. The following table sets forth the computation of basic and diluted loss per Class A common stock and Class B common stock (amounts in thousands, except share and per share amounts):
 
Year Ended January 31,
 202520242023
Numerator: 
Net loss attributable to common stockholders$(123,196)$(140,509)$(161,966)
Denominator:
Basic and diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders292,124,291279,585,698267,126,918
Basic and diluted net loss per share attributable to common stockholders$(0.42)$(0.50)$(0.61)
Basic and diluted net loss per share was the same for each period presented as the inclusion of all potential Class A common stock and Class B common stock outstanding would have been anti-dilutive.
The following table presents the potential common stock outstanding that was excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would have been antidilutive:
 
Year Ended January 31,
 2025 20242023
Warrants to purchase Class A common stock1,065,5941,065,5941,065,594
Common stock options23,155,09026,956,95333,721,774
Restricted Stock Units32,609,22726,718,76616,972,601
Performance vesting Restricted Stock Units260,597——
Shares committed under ESPP362,603——
Earn-out Shares24,381,19825,067,45525,771,862
dMY Sponsor Earn-out Shares862,500862,500862,500
Public Warrants6,899,9826,899,9826,899,982
Private Placement Warrants5,933,3335,933,3335,933,333
Early exercised common stock options, subject to future vesting551,460919,1001,286,741
Shares issued in connection with acquisition, subject to future vesting——271,695
96,081,58494,423,68392,786,082

Historical Timeline

Fiscal YearFiled
2025Mar 26, 2025Showing above
2024Mar 29, 2024

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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