Earnings ·
Planet Labs reports record Q2 revenue of $116.1 million, up 58% year-over-year
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.