Planet Labs PBC

Planet helps people see changes across the earth every day. The company uses small satellites to take pictures from space. These images help organizations make better decisions about our world.

Looking Down from Above

• Defense and Intelligence: Satellite data and mapping services for security agencies; generated $61.4 million in revenue for the quarter ended April 30, 2026.
• Commercial Solutions: Monitoring tools for agriculture, energy, and finance; generated $16.6 million in revenue for the quarter ended April 30, 2026.
• Civil Government: Imaging and data services for local and federal agencies; generated $16.2 million in revenue for the quarter ended April 30, 2026.
• Satellite Services: Building and operating customer-owned satellites and mission systems engineering for large-scale government and enterprise customers.

New Missions and Partnerships

• Acquired Salo Sciences and Sinergise to add advanced data analytics and mapping capabilities to its platform.
• Entered a research and development services agreement with Google in October 2025 to test hardware on prototype satellites.
• Partnered with NASA in 2022 to demonstrate near-Earth space communication services for future missions.
• Issued $460 million in convertible senior notes in September 2025 to support ongoing business operations and financial flexibility.

A Daily Global Snapshot

Planet operates a fleet of over 100 satellites that capture images of the entire Earth's landmass every 24 hours. This massive archive allows users to track historical changes and use automated programs to find specific patterns across the globe.

Performance by the Numbers

• Revenue reached $94.2 million in the quarter ended April 30, 2026, up 42.1% from the same period the previous year.
• Gross profit hit $50.4 million in the quarter ended April 30, 2026, up 37.7% year-over-year.
• Operating cash flow was $15.4 million for the quarter ended April 30, 2026, down 11% from $17.3 million in the prior year.
• Net loss reached $138.9 million for the quarter ended April 30, 2026, worsening from a $12.6 million loss a year prior.

Company Evolution

Planet has transitioned from a satellite manufacturer to a global provider of daily geospatial data and location-based insights. Its shift toward integrated software solutions and government service contracts supports its long-term growth in the aerospace and defense sector.