Q1 27 EPS
$-0.03
BEAT +28.57%
Est. $-0.04
Q1 27 Revenue
$94.2M
BEAT +4.46%
Est. $90.1M
Did PL Beat Earnings? Q1 2027 Results
Planet Labs PBC posted a record quarterly revenue figure of $94.15 million in fiscal Q1 2027, up 42% year-over-year, with a non-GAAP loss per diluted share of $0.03, as the earth-observation company demonstrated accelerating commercial momentum even … Read more Planet Labs PBC posted a record quarterly revenue figure of $94.15 million in fiscal Q1 2027, up 42% year-over-year, with a non-GAAP loss per diluted share of $0.03, as the earth-observation company demonstrated accelerating commercial momentum even as its GAAP net loss widened sharply to $138.87 million. That headline loss, however, was driven almost entirely by a $106.47 million non-cash warrant liability revaluation tied to stock price appreciation, a charge that will not recur after Planet completed the redemption of all outstanding public warrants during the quarter, generating roughly $107.80 million in cash proceeds. Beneath that accounting noise, the business showed genuine traction, with remaining performance obligations surging 81% year-over-year to $816.01 million and a 99% recurring ACV rate underscoring the durability of its subscription-based model. Looking ahead, Planet guided Q2 revenue of $102 million to $107 million and full-year fiscal 2027 revenue of $425 million to $441 million, with adjusted EBITDA expected to reach breakeven to a $10 million profit for the year.
Key Takeaways
- • 42% year-over-year revenue growth driven by exceptional execution across global go-to-market and delivery teams
- • Backlog grew 72% YoY to over $906 million providing future revenue visibility
- • RPOs increased 81% YoY to $816 million
- • 99% recurring annual contract value (ACV)
- • Strong defense and intelligence contract wins including NGA and U.S. Navy renewals
- • Warrant redemption generated approximately $108 million in cash proceeds
PL Forward Guidance & Outlook
For Q2 FY2027 (ending July 31, 2026), Planet expects revenue of approximately $102 million to $107 million, non-GAAP gross margin of approximately 52% to 55%, adjusted EBITDA profit of approximately $0 to $5 million, and capital expenditures of approximately $21 million to $27 million. For full fiscal year 2027, Planet expects revenue of approximately $425 million to $441 million, non-GAAP gross margin of approximately 52% to 54%, adjusted EBITDA profit of approximately $0 to $10 million, and capital expenditures of approximately $80 million to $95 million.
PL YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
“Planet's excellent start to the year is a testament to the mission-critical nature of our data in an increasingly complex world. Planet is executing with speed and focus, evidenced by the successful launch of Sweden's first sovereign reconnaissance satellite just four months after contract signing. By investing in AI, we are positioning Planet at the forefront of the industry and pioneering ways to make planetary-scale insights available and actionable to more users than ever before.”
— Will Marshall, Q1 2027 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% |