A Business at a Glance
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Planet’s mission is to use space to help life on Earth, by imaging the world every day and making global change visible, accessible, and actionable. What: We image the Earth every day at medium- and high-resolution. We collect this powerful data set from the hundreds of satellites we have in orbit, making our fleet the largest fleet of Earth observation satellites in history, which we design, build, and operate. We have collected over 3,000 images on average for every point on Earth’s landmass, creating a non-replicable historical archive for analytics, machine learning, and insights. Why: Our satellite data and analytics reveal actionable insights regarding a large array of important phenomena, such as deforestation, agriculture, climate change, biodiversity, and supply chains worldwide.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 282M | 244M | 221M | 191M | 131M | 113M |
| Net Income | -130M | -123M | -141M | -162M | -137M | -127M |
| EPS | $-0.43 | $-0.42 | $-0.50 | $-0.61 | $-1.72 | $-2.87 |
| Free Cash Flow | 41M | -59M | -89M | -84M | -53M | -30M |
| ROIC | -52.3% | -25.7% | -27.1% | -28.1% | -21.2% | -74.7% |
| Gross Margin | 57.9% | 57.2% | 51.2% | 49.2% | 36.8% | 22.8% |
| Debt/Equity | 1.28 | 0.05 | 0.05 | 0.04 | 0.00 | 0.74 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -78M | -116M | -170M | -176M | -128M | -87M |
| Operating Margin | -27.8% | -47.5% | -76.9% | -91.9% | -97.6% | -77.3% |
| ROE | -37.1% | -25.7% | -27.1% | -28.1% | -21.2% | -118.2% |
| Shares Outstanding | 293M | 293M | 281M | 266M | 275M | 268M |
| Metric | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 113M | 131M | 191M | 221M | 244M | 282M |
| Gross Margin | 22.8% | 36.8% | 49.2% | 51.2% | 57.2% | 57.9% |
| R&D | 44M | 67M | 111M | 116M | 101M | 98M |
| SG&A | 32M | 57M | 81M | 80M | 77M | 76M |
| EBIT | -87M | -128M | -176M | -170M | -116M | -78M |
| Op. Margin | -77.3% | -97.6% | -91.9% | -76.9% | -47.5% | -27.8% |
| Net Income | -127M | -137M | -162M | -141M | -123M | -130M |
| Net Margin | -112.3% | -104.5% | -84.7% | -63.7% | -50.4% | -45.9% |
| Non-Recurring | 0 | 0 | 0 | 5.8M | 9.2M | 0 |
| Returns on Capital | ||||||
| ROIC | -74.7% | -21.2% | -28.1% | -27.1% | -25.7% | -52.3% |
| ROE | -118.2% | -21.2% | -28.1% | -27.1% | -25.7% | -37.1% |
| ROA | -31.8% | -16.7% | -21.5% | -20.0% | -18.4% | -11.7% |
| Cash Flow | ||||||
| Op. Cash Flow | -4.0M | -42M | -74M | -51M | -14M | 107M |
| Free Cash Flow | -30M | -53M | -84M | -89M | -59M | 41M |
| Owner Earnings | -80M | -129M | -193M | -155M | -108M | 15M |
| CapEx | 26M | 10M | 10M | 38M | 44M | 67M |
| Maint. CapEx | 62M | 45M | 43M | 48M | 46M | 41M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 26M |
| D&A | 62M | 45M | 43M | 48M | 46M | 41M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 62.1% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 14M | 42M | 76M | 57M | 48M | 51M |
| Debt Repayment | 2.6M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | -63M | -491M | -387M | -274M | -200M | -231M |
| Cash & Equiv. | 71M | 491M | 182M | 84M | 118M | 677M |
| Long-Term Debt | 63M | 0 | N/A | N/A | N/A | 446M |
| Debt/Equity | 0.74 | 0.00 | 0.04 | 0.05 | 0.05 | 1.28 |
| Interest Coverage | -9.3 | -14.6 | N/A | N/A | N/A | N/A |
| Equity | 108M | 648M | 576M | 518M | 441M | 350M |
| Total Assets | 399M | 821M | 753M | 702M | 634M | 1.1B |
| Total Liabilities | 292M | 173M | 177M | 184M | 193M | 757M |
| Intangibles | 5.7M | 14M | 15M | 32M | 27M | 26M |
| Retained Earnings | -640M | -777M | -939M | -1.1B | -1.2B | -1.3B |
| Working Capital | 17M | 419M | 353M | 234M | 160M | 566M |
| Current Assets | 125M | 552M | 476M | 370M | 302M | 754M |
| Current Liabilities | 109M | 132M | 122M | 137M | 142M | 189M |
| Per Share Data | ||||||
| EPS | -2.87 | -1.72 | -0.61 | -0.50 | -0.42 | -0.43 |
| Owner EPS | -0.30 | -0.47 | -0.73 | -0.55 | -0.37 | 0.05 |
| Book Value | 0.40 | 2.36 | 2.17 | 1.84 | 1.50 | 1.20 |
| Cash Flow/Share | -0.02 | -0.15 | -0.28 | -0.18 | -0.05 | -0.30 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 267.9M | 275.0M | 265.5M | 281.0M | 293.3M | 292.5M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -79.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 246.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 2.4 | 2.2 | 1.2 | 3.6 | 28.7 |
| Price/Sales | N/A | 19.6 | 7.3 | 4.2 | 3.0 | 35.5 |
| FCF Yield | N/A | -3.4% | -6.6% | -13.8% | -3.7% | 0.4% |
| Market Cap | N/A | 1.5B | 1.3B | 644M | 1.6B | 10.0B |
| Avg. Price | N/A | 9.35 | 5.28 | 3.30 | 2.52 | 34.32 |
| Year-End Price | N/A | 5.55 | 4.83 | 2.29 | 5.46 | 34.32 |
Planet Labs PBC passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 43.4%.
Planet Labs PBC (PL) has a 5-year average return on invested capital (ROIC) of -35.4%. This is below average and may indicate limited pricing power.
Planet Labs PBC (PL) has a market capitalization of $10.0B. It is classified as a large-cap stock.
Planet Labs PBC (PL) does not currently pay a regular dividend.
Planet Labs PBC (PL) operates in the Radio & Tv Broadcasting & Communications Equipment industry, within the Industrials sector.
Planet Labs PBC (PL) reported annual revenue of $244 million in its most recent fiscal year, based on SEC EDGAR filings.
Planet Labs PBC (PL) has a net profit margin of -50.4%. The company is currently unprofitable.
Planet Labs PBC (PL) generated $-59 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Planet Labs PBC (PL) has a debt-to-equity ratio of 0.05. This indicates a conservatively financed balance sheet.
Planet Labs PBC (PL) reported earnings per share (EPS) of $-0.42 in its most recent fiscal year.
Planet Labs PBC (PL) has a return on equity (ROE) of -25.7%. A negative ROE may indicate losses or negative equity.
Planet Labs PBC (PL) has a 5-year average gross margin of 43.4%. This indicates decent pricing power.
The Ledger Terminal provides 5 years of financial data for Planet Labs PBC (PL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Planet Labs PBC (PL) has a book value per share of $1.50, based on its most recent annual SEC filing.