Companies /Industrials

Planet Labs PBC - Class A

NYSE: PL Aerospace & Defense
$21.49
â–² $0.33 (+1.56%) today
Markets open · 2:09pm ET

Q4 2026 Earnings

Reported Mar 19, 2026, 4:05pm ET · SEC source
$0.00
Beat +100.00%
EPS · est. $-0.05
$86.8M
Beat +11.07%
Revenue · est. $78.2M
+34.4%
Beating market
PL vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+20%Mar 19Mar 20report 4:05pm ETearnings−1.1%+30.8%
0+20%Mar 19Mar 20earnings−1.1%+30.8%
PL +30.8%S&P 500 −1.1%
0+20%Mar 19Mar 20report 4:05pm ETearnings−1.1%+30.8%
0+20%Mar 19Mar 20earnings−1.1%+30.8%
PL +30.8%NASDAQ −1.1%
−20%0Mar 18Mar 27report 4:05pm ETearnings−4.2%−5.7%
−20%0Mar 18Mar 27earnings−4.2%−5.7%
PL −5.7%S&P 500 −4.2%
−20%0Mar 18Mar 27report 4:05pm ETearnings−5.4%−5.7%
−20%0Mar 18Mar 27earnings−5.4%−5.7%
PL −5.7%NASDAQ −5.4%
+8.67%
Day of report
+25.48%
Next session
+20.18%
One week
+41.06%
30 days

S&P 500 over the same 30 days: +6.71%.

Did PL Beat Earnings? Q4 2026 Results

Planet Labs PBC closed out its fiscal fourth quarter of 2026 with revenue of $86.82 million, reflecting 41% year-over-year growth as a wave of defense and government satellite services contracts propelled the company's top line sharply higher. The single most material driver of that momentum was a multi-year, low nine-figure agreement with Sweden's Armed Forces, its third satellite services contract in twelve months, complemented by renewals and extensions with NATO, the U.S. Defense Innovation Unit, and several European civil agencies. The company reported EPS of $0.00 for the quarter, while its full-year backlog surged 79% to over $900 million and remaining performance obligations jumped 106% to $852.43 million, underscoring deepening revenue visibility. On an adjusted basis, the company reached full-year Adjusted EBITDA profitability of $15.49 million and generated $52.87 million in free cash flow. Looking ahead, management guided fiscal 2027 revenue of $415 million to $440 million, implying 35% to 43% top-line growth, with management citing artificial intelligence as a key catalyst for unlocking broader addressable markets.

Key Takeaways
  • Strong momentum in satellite services contracts, including Sweden, NATO, and U.S. defense agencies
  • Q4 revenue growth of 41% YoY driven by satellite services and expanding government contracts
  • Backlog growth of 79% YoY to over $900M
  • RPOs increased 106% YoY to $852M
  • 98% recurring annual contract value
  • First full fiscal year of Adjusted EBITDA and free cash flow profitability

“Planet had a transformational year driven by strong momentum in satellite services, including most recently with Sweden, as well as launching 40 satellites, and inking an R&D partnership with Google to explore data centers in space.”

Planet Labs CEO, on the earnings call

Forward Guidance & Outlook

For Q1 FY27 (ending April 30, 2026), Planet expects revenue of approximately $87M–$91M, non-GAAP gross margin of 49%–51%, Adjusted EBITDA loss of ($6M)–($3M), and capital expenditures of $17M–$23M. For full fiscal year 2027, the company expects revenue of approximately $415M–$440M, non-GAAP gross margin of 50%–52%, Adjusted EBITDA profit of $0–$10M, and capital expenditures of $80M–$95M.

PL YoY Financials

Revenue$86.8M
Gross Profit$47.0M
Operating Income$-36,002,000
Net Income$-152,455,000

Figures from SEC filings and company reports. Not investment advice.