Growth & profitability
- Revenue has grown 22.1% per year over the past 5 years.
- Operating margin has expanded, at -30.9% in the latest year.
Financial health
- Operating income covered interest expense -27.7× in the latest year.
PL Financials Planet Labs Pbc
7 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $308M | -$247M | 56.1% | -30.9% | -131.0% | -21.5% | $58M | — | $229M |
| 2025 | $244M | -$123M | 57.2% | -47.5% | -27.9% | -19.4% | -$59M | — | $118M |
| 2024 | $221M | -$141M | 51.2% | -76.9% | -27.1% | -20.0% | -$89M | — | $84M |
| 2023 | $191M | -$162M | 49.2% | -91.9% | -28.1% | -21.5% | -$84M | — | $182M |
| 2022 | $131M | -$137M | 36.8% | -97.6% | -21.2% | -16.7% | -$53M | — | $491M |
| 2021 | $113M | -$127M | 22.8% | -77.3% | -118.2% | -31.8% | -$30M | — | $71M |
| 2020 | $96M | -$124M | -7.0% | -111.2% | -56.8% | — | -$50M | — | — |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jul '26 | $116M | -$9M | 56.6% | -11.6% | -1.7% | -0.7% | $26M | — | $415M |
| Apr '26 | $94M | -$139M | 53.5% | -37.1% | -31.3% | -11.1% | -$2M | — | $368M |
| Jan '26 | $87M | -$152M | 54.2% | -41.5% | -80.9% | -13.3% | -$951000 | — | $229M |
| Oct '25 | $81M | -$59M | 57.3% | -22.6% | -16.9% | -5.4% | $2M | — | $443M |
| Jul '25 | $73M | -$23M | 57.6% | -24.5% | -5.2% | -3.2% | $47M | — | $181M |
| Apr '25 | $66M | -$13M | 55.2% | -34.4% | -2.8% | -1.9% | $9M | — | $133M |
| Jan '25 | $62M | -$35M | 62.1% | -31.5% | -8.0% | -5.5% | -$18M | — | $118M |
| Oct '24 | $61M | -$20M | 61.2% | -36.9% | -4.3% | -3.2% | -$4M | — | $139M |
| Jul '24 | $61M | -$39M | 52.9% | -64.8% | -8.2% | -5.9% | -$23M | — | $148M |
| Apr '24 | $60M | -$29M | 52.4% | -57.2% | -5.9% | -4.3% | -$14M | — | $107M |
| Jan '24 | $59M | -$30M | 55.2% | -57.6% | -5.8% | -4.3% | -$16M | — | $84M |
| Oct '23 | $55M | -$38M | 47.0% | -86.4% | -7.1% | -5.3% | -$30M | — | $102M |
| Jul '23 | $54M | -$38M | 48.9% | -80.5% | -7.0% | -5.3% | -$6M | — | $119M |
| Apr '23 | $53M | -$34M | 53.4% | -84.8% | -6.2% | -4.8% | -$37M | — | $141M |
| Jan '23 | $53M | -$38M | 54.9% | -80.6% | -6.6% | -5.0% | -$16M | — | $182M |
| Oct '22 | $50M | -$40M | 50.2% | -85.8% | -6.8% | -5.4% | -$33M | — | $199M |
| Jul '22 | $48M | -$40M | 48.4% | -88.0% | -6.4% | -5.1% | -$26M | — | $262M |
| Apr '22 | $40M | -$44M | 41.1% | -118.9% | -7.0% | -5.6% | -$9M | — | $484M |
| Jan '22 | $37M | -$46M | 37.5% | -154.0% | -7.1% | -5.6% | -$25M | — | $491M |
| Oct '21 | $32M | -$42M | 34.4% | -89.3% | -111.7% | — | -$15M | — | — |
Valuation over time
How the market has priced PL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 7.2× (Mar '23) to 22.0× (Sep '26).
P/S
Frequently asked questions
Is PL growing its revenue and profit?
Over the past 5 years, Planet Labs Pbc's revenue has grown 22.1% per year. These are computed facts, not advice.
How much debt does PL have?
As of FY2026, Planet Labs Pbc reported — of total debt against $229M of cash; operating income covered interest expense -27.7×.
What is PL's profit margin?
In FY2026, gross margin was 56.1%, operating margin -30.9%, and net margin -80.2%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.