Q4 25 EPS
$-0.08
MISS 243.35%
Est. $-0.02
Q4 25 Revenue
$61.6M
MISS 0.53%
Est. $61.9M
vs S&P Since Q4 25
+679.7%
BEATING MARKET
PL +711.2% vs S&P +31.5%
Full Year 2025 Results
FY 25 EPS
$-0.20
FY 25 Revenue
$244.4M
Market Reaction
Did PL Beat Earnings? Q4 2025 Results
Planet Labs delivered a mixed fiscal fourth quarter, posting revenue of $61.55 million, up 4.6% year-over-year but edging just 0.53% below the $61.88 million consensus, while its loss per share of $0.08 fell well short of the $0.02 estimate, a 243.35… Read more Planet Labs delivered a mixed fiscal fourth quarter, posting revenue of $61.55 million, up 4.6% year-over-year but edging just 0.53% below the $61.88 million consensus, while its loss per share of $0.08 fell well short of the $0.02 estimate, a 243.35% miss driven largely by a $16.24 million non-cash charge from warrant liability revaluation tied to stock price appreciation rather than deteriorating operations. Gross margins told a more encouraging story, with GAAP gross margin expanding to 62% from 55% a year ago, and the company reached adjusted EBITDA profitability of $2.38 million in the quarter, compared to a loss of $9.76 million in Q4 FY2024. The most consequential development was a $230.00 million multi-year satellite constellation agreement with SKY Perfect JSAT, which drove backlog to $498.46 million, up 115% sequentially. Looking ahead, Planet guided full-year FY2026 revenue of $260 million to $280 million, with management signaling a path to at least doubling its revenue growth rate in FY2027.
Key Takeaways
- • 5% year-over-year Q4 revenue growth to record $61.6 million
- • GAAP gross margin improvement to 62% from 55% year-over-year in Q4
- • First quarter of Adjusted EBITDA profitability in company history at $2.4 million
- • 97% Percent of Recurring ACV
- • RPOs increased 179% quarter-over-quarter to $407.5 million
- • Backlog increased 115% quarter-over-quarter to $498.5 million
PL YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“Last year was an exciting and transitional year for Planet. We introduced a new industry-aligned go-to-market structure and began to shift towards selling AI-enabled solutions. We took a major step forward in the satellite services market and signed a $230 million contract with our long-term partner in Japan, JSAT. We launched over 70 satellites, including our first Tanager hyperspectral satellite and our second Pelican high resolution satellite, both of which are performing well in orbit.”
— Will Marshall, Q4 2025 Earnings Press Release
PL Earnings Trends
PL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PL EPS Trend
Earnings per share: estimate vs actual
PL Revenue Trend
Quarterly revenue: estimate vs actual
PL Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $-0.04 | $-0.03 | +28.57% | $94.2M | +4.46% |
| Q4 26 BEAT FY | $-0.05 | $0.00 | +100.00% | $86.8M | +11.07% |
| FY Full Year | — | $-0.04 | — | $307.7M | — |
| Q3 26 BEAT | $-0.04 | $0.00 | +100.00% | $81.3M | +12.82% |
| Q2 26 BEAT | $-0.04 | $-0.03 | +33.04% | $73.4M | +11.30% |
| Q1 26 BEAT | $-0.03 | $0.00 | +100.00% | $66.3M | +6.45% |
| Q0 26 | $-0.05 | — | — | — | — |
| Q4 25 MISS FY | $-0.02 | $-0.08 | -243.35% | $61.6M | -0.53% |
| FY Full Year | — | $-0.20 | — | $244.4M | — |
| Q3 25 BEAT | $-0.04 | $-0.02 | +49.75% | $61.3M | -2.93% |