PL Planet Labs PBC
Price Chart
Executive Summary
Planet Labs reported Q1 FY2027 revenue of $94.2M (+42% YoY), a record, but slightly below the $100.9M consensus. Non-GAAP EPS of -$0.03 matched estimates. The company raised its full-year FY2027 revenue guidance to $425M-$441M (from $415M-$440M) and guided Q2 revenue to $102M-$107M, above consensus. Backlog grew 72% YoY to $906M, and the company completed warrant redemptions, adding ~$108M in cash. The beat was driven by strong government contract execution and satellite services momentum.
Key Financial Metrics
Actionable Insight
The raised full-year guidance and accelerating backlog growth signal strong demand visibility, particularly from government contracts. The warrant redemption eliminates future dilution and adds cash. Watch for Q2 revenue to hit the $102M+ guided range to confirm momentum. The slight Q1 revenue miss vs consensus may cause short-term volatility, but the raised outlook is the dominant signal.
Key Facts
- Q1 FY2027 revenue of $94.2M, up 42% YoY, a record (consensus $100.9M — slight miss on top line)
- Non-GAAP EPS of -$0.03, in line with consensus estimates
- Full-year FY2027 revenue guidance raised to $425M-$441M (from $415M-$440M)
- Q2 FY2027 revenue guidance of $102M-$107M, above consensus
- Backlog grew 72% YoY to $906M; RPOs +81% YoY to $816M
- Warrant redemptions generated ~$108M in proceeds; cash and investments rose to $731M (up 223% YoY)
- GAAP net loss of -$138.9M included a -$106.5M non-cash warrant revaluation charge; adjusted EBITDA loss of -$1.0M
- Launched 3 Pelican satellites, including Sweden's first sovereign reconnaissance satellite
Financial Impact
Revenue beat on raised guidance; warrant redemption strengthens balance sheet by ~$108M
Risk Factors
- Revenue slightly below consensus ($94.2M vs $100.9M) could pressure the stock near-term
- Adjusted EBITDA swung to a loss of -$1.0M from +$1.2M a year ago; profitability path remains uncertain
- GAAP gross margin contracted to 54% from 55% YoY; non-GAAP gross margin to 56% from 59%
- Heavy reliance on government contracts with termination-for-convenience clauses
- Stock-based compensation remains a significant expense ($16.5M in the quarter)
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-257401 |
| Document: pl-20260604.htm | 0001193125-26-257401 |
| Document: 0001193125-26-257401-index-headers.html | 0001193125-26-257401 |
| Document: 0001193125-26-257401-index.html | 0001193125-26-257401 |
| Document: 0001193125-26-257401.txt | 0001193125-26-257401 |
| 8-K Data (Synthetic) | 0001193125-26-257401 |
Track record builds as more directional reports settle.
Filters
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Jun 11, 2026
3d ago
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Institutional Cluster
| $31.77 awaiting T+1 | awaiting T+1 | — | $31.15 (−1.95%) |
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Jun 5, 2026
9d ago
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8-K
| $39.95 awaiting T+1 | awaiting T+1 | — | $31.15 (+22.03%) |
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Jun 5, 2026
9d ago
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424B5
| $41.56 awaiting T+1 | awaiting T+1 | — | $31.15 (+25.05%) |
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Jun 5, 2026
9d ago
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S-3ASR
| $42.50 awaiting T+1 | awaiting T+1 | — | $31.15 (−26.71%) |
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Jun 5, 2026
9d ago
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10-K/A
| $41.50 awaiting T+1 | awaiting T+1 | — | $31.15 (−24.94%) |
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Jun 4, 2026
10d ago
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8-K
| $44.97 awaiting T+1 | awaiting T+1 | — | $31.15 (−30.73%) |
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May 29, 2026
16d ago
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DEFA14A
| $51.14 $46.46 | ▼ −9.15% | ▼ −9.43% | $31.15 (−39.09%) |
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May 4, 2026
5w ago
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8-K
| $37.13 $39.69 | ▲ +6.89% | ▲ +5.51% | $31.15 (−16.11%) |
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Apr 27, 2026
6w ago
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25-NSE
| $23.71 $23.71 | · 0.00% | ▲ +0.49% | $31.15 (+31.38%) |
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Apr 15, 2026
8w ago
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144
| — | awaiting T+1 | — | — |
US Market Status
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