Planet Labs PBC, known as Planet, is an American Earth imaging company that operates a large fleet of satellites, including the Dove and SkySat constellations. They provide daily, high-resolution satellite imagery and geospatial solutions used for various applications like climate monitoring, agriculture, and disaster response. Planet's major partners and customers include governments, Google, and organizations in agriculture, forestry, and intelligence. The company's mission is to image the entire Earth every day to monitor changes and make the data accessible.
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Planet Labs expects fiscal 2027 non-GAAP gross margin of 50% to 52%.
Planet Labs ended fiscal 2026 with $900 million of backlog, up 79% year over year.
Planet Labs expects fiscal first-quarter 2027 adjusted EBITDA loss of $3 million to $6 million.
Planet Labs expects fiscal 2027 adjusted EBITDA between break-even and $10 million.
Planet Labs reported remaining performance obligations of $852 million at the end of fiscal 2026, up 106% year over year.
Planet Labs expects fiscal 2027 capital expenditures of $80 million to $95 million.
Planet Labs booked a $122.6 million warrant liability revaluation charge in the fourth quarter of fiscal 2026.
Planet Labs expects fiscal first-quarter 2027 capital expenditures of $17 million to $23 million.
Planet Labs produced $134.4 million in net cash from operating activities in fiscal 2026.
The Planet Labs contract with the Swedish Armed Forces covers satellites, data, and situational awareness tools in support of Sweden’s national security.
NATO’s Allied Command Transformation renewed a seven-figure agreement with Planet Labs for persistent space-based surveillance.
Planet Labs booked a $161.4 million warrant liability revaluation charge for fiscal 2026.
Planet Labs launched 40 satellites in fiscal 2026.
The Defense Innovation Unit exercised a separate Planet Labs Hybrid Space Architecture option valued at just under $1 million.
Planet Labs expects fiscal first-quarter 2027 non-GAAP gross margin of 49% to 51%.
Planet Labs generated $52.9 million in free cash flow in fiscal 2026, its first full year of free cash flow positivity.
Under the Planet Labs-AiDASH partnership, Planet becomes the preferred provider of daily and weekly fuel monitoring data for AiDASH’s wildfire risk platform in North America.
San Diego Gas & Electric renewed a three-year agreement with Planet Labs.
Planet Labs expects fiscal first-quarter 2027 revenue between $87 million and $91 million.
Planet Labs generated $15.5 million of adjusted EBITDA in fiscal 2026 after a $10.6 million adjusted EBITDA loss in fiscal 2025.