Planet Labs PBC(NYSE) PL

Planet Labs PBC images the entire Earth every day. These images help people track global environmental changes. Customers access this data through an online platform.

Watching the World From Orbit

• Imagery Licensing: Subscriptions for global satellite photos delivered through a cloud platform.
• Planet Insights Platform: Self-service software for searching satellite data and using automated detection tools.
• Satellite Services: Custom programs where the company builds and operates satellites for specific clients.
• Data Solutions: Analytics that turn raw satellite images into data for business decisions.

Scaling Up the Fleet

• Launched the Planet Insights Platform to improve customer self-service options.
• Expanded the satellite fleet using a low-cost agile design.
• Partnered with software vendors to reach new industry sectors.
• Secured major contract expansions in the defense and intelligence sector during 2026.

What Makes Planet Different?

Planet operates over 100 satellites that capture every point on the Earth's landmass daily. Its agile approach allows it to launch satellites more efficiently than traditional aerospace companies.

Key Financial Figures

• Revenue rose 58% year over year to $116.1 million in the three months ended July 31, 2026.
• Net loss narrowed to $9.4 million in the three-month period ended July 31, 2026.
• Cash and cash equivalents reached $415.1 million as of July 31, 2026.
• Backlog, a non-GAAP measure, was $814.9 million as of July 31, 2026.
• Net dollar retention rate hit 109% for the six months ended July 31, 2026.

The Big Picture

Planet has transitioned from a hardware-focused startup to a data-driven subscription business. Its combination of satellite operations and artificial intelligence provides insights to government and commercial clients.