Earnings ·
Planet Labs PBC reported second fiscal quarter 2027 results ending July 31, 2026
PLPlanet Labs PBC
Planet Labs PBC reported second fiscal quarter 2027 results ending July 31, 2026. Revenue reached a record $116.1 million, up 58% year-over-year. The company posted a GAAP net loss of $9.4 million and adjusted EBITDA profit of $13.9 million. Cash, cash equivalents, and short-term investments totaled $865.4 million at quarter-end. During the period, Planet raised approximately $120 million through its At-The-Market equity program at an average net price of $31.95 per share. The company provided third-quarter revenue guidance of $101 million to $105 million and full-year revenue guidance of $430 million to $441 million. Planet Labs PBC operates in the space technology industry, designing, building, and operating a large fleet of Earth observation satellites to provide daily imagery and geospatial data.