Planet Labs PBC (PL)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $6.9B, Planet Labs PBC's free cash flow of $53M (fiscal 2026) would need to grow about 30% a year for the stock to be worth today's price.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Planet Labs PBC's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from PL's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Planet Labs PBC's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $131M | $191M | $221M | $244M | $308M |
| Net income | -$137M | -$162M | -$141M | -$123M | -$247M |
| Free cash flow | -$57M | -$87M | -$93M | -$64M | $53M |
| EPS (diluted) | -$1.72 | -$0.61 | -$0.50 | -$0.42 | -$0.80 |
| Operating margin | -97.6% | -91.9% | -76.9% | -47.5% | -30.9% |
Where the revenue comes from
Revenue by regions, fiscal 2026.
Superinvestors who own PL
From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Trimmed | $11M | 0.00% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $2M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Planet Labs PBC's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Oct 9, 2025 | Gary B Smith |
20 | $15.66 | $313 |
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In the full deep dive
Questions
What growth does Planet Labs PBC's stock price imply?
At a market value of $6.9B, Planet Labs PBC would need its free cash flow to grow about 30% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price.
Are Planet Labs PBC insiders buying the stock?
1 open-market insider purchase of PL in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Planet Labs PBC?
2 of the superinvestors Investingly tracks hold PL in their latest 13F, including Cliff Asness, Joel Greenblatt.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.