Planet Labs PBC (PL) Income Statement
PL FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsPL revenue and net income
Where PL's revenue goes
FY2026Each bar shows an amount and its share of revenue. PL kept −80.2% of revenue as net income.
PL profit margins
PL growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +25.9% | +17.2% | +22.1% | — |
| Gross profit | +23.4% | +22.4% | +46.2% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PL quarterly EPS vs estimates
Planet Labs PBC beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: December 9, 2026 (estimate $-0.08).
PL income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $307.7M | $244.4M | $220.7M | $191.3M | $131.2M | $113.2M | $95.7M |
| Cost of revenue | $135.2M | $104.6M | $107.7M | $97.2M | $83.0M | $87.4M | $102.4M |
| Gross profit | $172.5M | $139.7M | $113.0M | $94.0M | $48.2M | $25.8M | −$6.7M |
| Research & development | $106.7M | $101.0M | $116.3M | $110.9M | $66.7M | $43.8M | $37.9M |
| Sales, general & admin | $160.8M | $154.8M | $166.4M | $158.8M | $109.6M | $69.4M | $61.9M |
| Total operating expenses | $267.6M | $255.8M | $282.7M | $269.7M | $176.3M | $113.2M | $99.8M |
| Operating income | −$95.1M | −$116.1M | −$169.7M | −$175.7M | −$128.1M | −$87.4M | −$106.5M |
| Interest income | $14.3M | $10.3M | $15.4M | $7.7M | $3.0M | $39.5M | $6.7M |
| Interest expense | $3.4M | $832,000 | $0 | $6.6M | $8.8M | $9.4M | $6.9M |
| Income before taxes | −$242.2M | −$120.7M | −$139.7M | −$161.1M | −$135.0M | −$126.0M | −$123.6M |
| Income taxes | $4.7M | $2.5M | $815,000 | $847,000 | $2.1M | $1.1M | $130,000 |
| Net income | −$246.9M | −$123.2M | −$140.5M | −$162.0M | −$137.1M | −$127.1M | −$123.7M |
| EBITDA | −$196.9M | −$57.1M | −$92.1M | −$117.8M | −$81.1M | −$54.4M | −$39.0M |
| EPS (diluted) | −$0.74 | −$0.21 | −$0.25 | −$0.38 | −$0.77 | −$2.70 | −$2.88 |
| Gross margin | 56.1% | 57.2% | 51.2% | 49.2% | 36.8% | 22.8% | −7.0% |
| Operating margin | −30.9% | −47.5% | −76.9% | −91.9% | −97.6% | −77.3% | −111.2% |
| Net margin | −80.2% | −50.4% | −63.7% | −84.7% | −104.5% | −112.3% | −129.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $116.1M | $94.2M | $86.8M | $81.3M | $73.4M | $66.3M | $61.6M | $61.3M | $61.1M | $60.4M | $58.9M | $55.4M |
| Cost of revenue | $50.4M | $43.7M | $39.8M | $34.7M | $31.1M | $29.7M | $23.3M | $23.7M | $28.8M | $28.8M | $26.4M | $29.4M |
| Gross profit | $65.6M | $50.4M | $47.0M | $46.6M | $42.3M | $36.6M | $38.2M | $37.5M | $32.3M | $31.7M | $32.5M | $26.0M |
| Research & development | $35.2M | $33.4M | $32.2M | $27.3M | $24.2M | $23.1M | $23.0M | $25.2M | $27.2M | $25.6M | $28.4M | $33.0M |
| Sales, general & admin | $44.0M | $51.9M | $50.8M | $37.6M | $36.1M | $36.3M | $34.6M | $34.9M | $44.6M | $40.7M | $38.0M | $40.9M |
| Total operating expenses | $79.1M | $85.3M | $83.0M | $64.9M | $60.2M | $59.4M | $57.6M | $60.1M | $71.9M | $66.3M | $66.4M | $73.9M |
| Operating income | −$13.5M | −$34.9M | −$36.0M | −$18.3M | −$18.0M | −$22.8M | −$19.4M | −$22.6M | −$39.6M | −$34.6M | −$33.9M | −$47.9M |
| Interest income | $6.4M | $5.2M | $5.9M | $3.4M | $2.2M | $1.9M | $2.0M | $2.4M | $2.8M | $3.1M | $3.7M | $3.4M |
| Interest expense | $1.4M | $1.4M | $1.6M | $1.0M | $317,000 | $499,000 | — | $277,000 | — | — | $16.5M | — |
| Income before taxes | −$8.6M | −$137.9M | −$150.0M | −$58.4M | −$22.1M | −$11.7M | −$34.1M | −$20.1M | −$37.8M | −$28.9M | −$30.5M | −$37.6M |
| Income taxes | $733,000 | $1.0M | $2.4M | $784,000 | $497,000 | $928,000 | $1.1M | $25,000 | $897,000 | $442,000 | −$429,000 | $355,000 |
| Net income | −$9.4M | −$138.9M | −$152.5M | −$59.2M | −$22.6M | −$12.6M | −$35.2M | −$20.1M | −$38.7M | −$29.3M | −$30.1M | −$38.0M |
| EBITDA | $3.6M | −$125.2M | −$138.2M | −$47.5M | −$11.5M | −$618,000 | −$24.8M | −$13.2M | −$24.6M | −$15.7M | −$18.9M | −$24.0M |
| EPS (diluted) | −$0.03 | −$0.03 | −$0.48 | −$0.19 | −$0.03 | −$0.04 | −$0.08 | −$0.02 | −$0.06 | −$0.05 | −$0.06 | −$0.05 |
| Gross margin | 56.6% | 53.5% | 54.2% | 57.3% | 57.6% | 55.2% | 62.1% | 61.2% | 52.9% | 52.4% | 55.2% | 47.0% |
| Operating margin | −11.6% | −37.1% | −41.5% | −22.6% | −24.5% | −34.4% | −31.5% | −36.9% | −64.8% | −57.2% | −57.6% | −86.4% |
| Net margin | −8.1% | −147.5% | −175.6% | −72.8% | −30.8% | −19.1% | −57.1% | −32.8% | −63.3% | −48.5% | −51.1% | −68.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PL's financial statements (latest annual report filed March 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PL financial results
In fiscal year 2026 (ended January 31, 2026), Planet Labs PBC reported revenue of $307.7 million, up 25.9% from the year before. It had a net loss of $246.9 million, a net profit margin of −80.2%. Diluted earnings per share came to −$0.74. Over five years revenue grew at an average rate of 22.1% a year.
See the PL stock overview for the latest quote and news, or the PL chart for price history and technical indicators.
PL income statement FAQ
What is Planet Labs PBC's annual revenue?
Planet Labs PBC reported total revenue of $307.7 million for fiscal year 2026, which ended on January 31, 2026. That was up 25.9% from $244.4 million the previous year.
Is Planet Labs PBC profitable?
No. Planet Labs PBC reported a net loss of $246.9 million in fiscal 2026, a net profit margin of −80.2%; its operating margin was −30.9%.
What is Planet Labs PBC's gross margin?
Planet Labs PBC's gross margin was 56.1% in fiscal 2026: for every $100 of revenue, Planet Labs PBC kept $56 after the direct cost of its products and services.
How much does Planet Labs PBC spend on research and development?
Planet Labs PBC spent $106.7 million on research and development in fiscal 2026, 34.7% of revenue.
How fast is Planet Labs PBC growing?
Revenue grew 22.1% a year on average over the last five fiscal years, from $113.2 million to $307.7 million.
What are Planet Labs PBC's earnings per share?
Planet Labs PBC earned $-0.74 per diluted share in fiscal 2026, compared with $-0.21 a year earlier.
When will Planet Labs PBC report its next earnings?
Planet Labs PBC is expected to report results for the quarter ending October 31, 2026 on December 9, 2026 after the market closes.
When does Planet Labs PBC's fiscal year end?
Planet Labs PBC's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 23, 2026.