PL · Planet Labs PBC
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this companyEquibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA loss non-GAAP | -$1M | first quarter of fiscal year 2027 | — |
| Backlog non-GAAP | $906M | first quarter of fiscal year 2027 | — |
| Free cash flow non-GAAP | -$2.5M | first quarter of fiscal year 2027 | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities 15.44M
-17.31M Purchases of property and equipment
-647K Capitalized internal-use software
= Free cash flow -2.52M
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| Percent of recurring annual contract value (ACV) | 99% | first quarter of fiscal year 2027 | — |
| Adjusted EBITDA profit non-GAAP | $15.5M | Full Fiscal Year 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net loss -$246.86M
-$14.33M Interest income
+$3.44M Interest expense
+$4.66M Income tax provision
+$41.83M Depreciation and amortization
+$161.4M Change in fair value of warrant liabilities
+$55M Stock-based compensation
+$20K Restructuring costs
+$11.19M Certain litigation expenses
+$2.54M Employer payroll taxes related to earnout share vesting
-$3.38M Other income (expense), net
= Adjusted EBITDA $15.5M
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| Cash, cash equivalents and short-term investments | $640.1M | Full Fiscal Year 2026 | — |
| Net cash provided by operating activities | $134.4M | Full Fiscal Year 2026 | — |
| Non-GAAP gross margin non-GAAP | 59% | Year Ended January 31, 2026 | — |
| Non-GAAP loss from operations non-GAAP | -22.8M | Year Ended January 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP loss from operations -$95.07M
+$55M Stock-based compensation
+$3.53M Amortization of acquired intangible assets
+$2.54M Employer payroll taxes related to earnout share vesting
+$20K Restructuring costs
+$11.19M Certain litigation expenses
= Non-GAAP loss from operations -$22.8M
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| Non-GAAP net loss non-GAAP | -13.58M | Year Ended January 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net loss -$246.86M
+$55M Stock-based compensation
+$3.53M Amortization of acquired intangible assets
+$2.54M Employer payroll taxes related to earnout share vesting
+$20K Restructuring costs
+$11.19M Certain litigation expenses
+$161.4M Change in fair value of warrant liabilities
-$400K Income tax effect of non-GAAP adjustments
= Non-GAAP net loss -$13.58M
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| Non-GAAP net loss per share, diluted non-GAAP | $0 | Three Months Ended January 31, 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net loss per share, basic and diluted -$0.8
+$0.18 Stock-based compensation
+$0.01 Amortization of acquired intangible assets
+$0.01 Employer payroll taxes related to earnout share vesting
+$0 Restructuring costs
+$0.04 Certain litigation expenses
+$0.52 Change in fair value of warrant liabilities
+$0 Income tax effect of non-GAAP adjustments
= Non-GAAP net loss per share, diluted -$0.04
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| Remaining performance obligations (RPOs) | 852M | Full Fiscal Year 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PL
this stock
Planet Labs PBC
|
$7.12B | +1.3% | +25.9% | — | 7.8% |
|
SPCX
Space Exploration Technologies Corp
|
$1.87T | — | — | — | 1.4% |
|
GE
General Electric Co
|
$355.45B | +11.2% | +18.5% | 40.4 | 1.3% |
|
RTX
RTX Corp
|
$285.33B | +15.4% | +17.1% | 37.3 | 1.0% |
|
EADSF
Airbus SE/ADR
|
$185.90B | +0.6% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PL | -10.4% | -2.4% | -22.6% | -2.4% | +1.3% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -10.8% | -5.4% | -36.1% | -5.4% | -11.5% |