Planet Labs PBC (PL) financial statements
Planet Labs PBC reported revenue of $308M in fiscal 2026, up 21.5% a year over 6 years.
Net income was -$247M and the operating margin -30.9%, against -111.2% in 2020.
Free cash flow was $53M.
The diluted share count rose 618% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Planet Labs PBC's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | $96M | $113M | $131M | $191M | $221M | $244M | $308M |
| Cost of revenue | $102M | $87M | $83M | $97M | $108M | $105M | $135M |
| Gross profit | -$7M | $26M | $48M | $94M | $113M | $140M | $172M |
| Research and development | $38M | $44M | $67M | $111M | $116M | $101M | $107M |
| Selling, general and admin | $62M | $69M | $110M | $159M | $166M | $155M | $161M |
| Operating income | -$106M | -$87M | -$128M | -$176M | -$170M | -$116M | -$95M |
| Interest expense | $7M | $9M | $9M | $0 | $0 | $832,000 | $3M |
| Pre-tax income | -$124M | -$126M | -$135M | -$161M | -$140M | -$121M | -$242M |
| Income tax | $130,000 | $1M | $2M | $847,000 | $815,000 | $2M | $5M |
| Net income | -$124M | -$127M | -$137M | -$162M | -$141M | -$123M | -$247M |
| EPS (diluted) | -$2.89 | -$2.87 | -$1.72 | -$0.61 | -$0.50 | -$0.42 | -$0.80 |
| Diluted shares | 43M | 44M | 80M | 267M | 280M | 292M | 308M |
| Gross margin | -7.0% | 22.8% | 36.8% | 49.2% | 51.2% | 57.2% | 56.1% |
| Operating margin | -111.2% | -77.3% | -97.6% | -91.9% | -76.9% | -47.5% | -30.9% |
| Net margin | -129.2% | -112.3% | -104.5% | -84.7% | -63.7% | -50.4% | -80.2% |
Balance sheet
Fiscal years, from Planet Labs PBC's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $28M | $71M | $491M | $409M | $299M | $222M | $640M |
| Receivables | — | $47M | $44M | $39M | $43M | $56M | $84M |
| Inventory | — | — | — | — | — | $0 | $6M |
| Total current assets | — | $125M | $552M | $476M | $370M | $302M | $775M |
| Property, plant and equipment | — | $160M | $133M | $108M | $113M | $122M | $151M |
| Goodwill | $88M | $88M | $103M | $113M | $136M | $136M | $143M |
| Total assets | — | $399M | $821M | $753M | $702M | $634M | $1.1B |
| Total current liabilities | — | $109M | $132M | $122M | $137M | $142M | $469M |
| Total liabilities | — | $292M | $173M | $177M | $184M | $193M | $957M |
| Shareholders' equity | $218M | $108M | $648M | $576M | $518M | $441M | $188M |
| Net debt | -$28M | -$71M | -$491M | -$182M | -$84M | -$118M | -$229M |
Cash flow
Fiscal years, from Planet Labs PBC's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$34M | -$4M | -$42M | -$74M | -$51M | -$14M | $134M |
| Capital spending | $24M | $30M | $15M | $13M | $42M | $50M | $81M |
| Free cash flow | -$58M | -$34M | -$57M | -$87M | -$93M | -$64M | $53M |
| Stock-based compensation | $5M | $14M | $42M | $76M | $57M | $48M | $55M |
| Free cash flow margin | -60.4% | -30.2% | -43.6% | -45.3% | -42.2% | -26.2% | 17.2% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for PL.
Open PL in InvestinglyQuestions
What was Planet Labs PBC's revenue in 2026?
$308M in fiscal 2026, from its 10-K filing.
How much free cash flow does Planet Labs PBC generate?
$53M in fiscal 2026 (operating cash flow minus capital spending).
From Planet Labs PBC's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.