Sep 3
PL · Planet Labs PBC
$13.81
-0.09 (-0.65%)
At close · Nov 13
Return incl. dividend (before tax)
Market Cap
$5.02B
Shares
363.85M
Volume · Nov 13
5.74M
Avg daily vol (3M)
9.54M
You came from your AI assistant. Add Equibles to it and ask about this data directly, free.
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$13.81
Open$13.90
Day$13.29–14.06
52W close$11.16–51.40
Avg vol 30d8.8M
Short int36.4M · 10.0% of shares · 4.6d
Short vol59%
Last earningsSep 3, 2026
DataApr 2021–Nov 2026
Filing10-Q · Sep 3
Up next
Dec 10, 2026
Scheduled
· in 4 wks
Latest documents
2026
Sep 3
Sep 3
Quarterly report
10-Q
FY2027 Q2, ended Jul 31
Quarterly report for FY2027 Q2
AI summary on its way
Revenue $116.05M
▲ 58.1%
Net loss $9.35M
Diluted EPS -$0.03
Jul 10
Jun 5
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$378.28M
Trailing 12 months
Net income (TTM)
−$359.87M
Trailing 12 months
Revenue growth YoY
+58.1%
Year over year
Operating margin
-27.2%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
0.5%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$415.13M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+18.2%
Year over year · more shares
Price change (1Y)
+21.0%
Trailing year
Short interest
10.0%
Latest settlement · 4.6 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY27 earnings call · Sep 3, 2026
Q2 FY27
TL;DR. Planet delivered record Q2 revenue and stronger adjusted EBITDA, raised the low end of full-year guidance, posted 109% net dollar retention, expanded sector revenue, and built a satellite-services pipeline exceeding $4 billion alongside major contract wins. Risks include lower gross margin, a forecast Q3 adjusted EBITDA loss, greater point-in-time revenue concentration, a wider year-to-date GAAP loss and lower free cash flow, higher planned capital expenditures alongside ATM dilution concerns, and backlog below January levels.
Bullish
- + New contract wins included an $8 million NGA award and a German dedicated-capacity tender with a maximum possible value of €25 million over five years.
- + Defense and intelligence revenue grew more than 90%, commercial revenue more than 15%, and civil government revenue more than 5% year over year.
Bearish
- − Q2 non-GAAP gross margin declined to 59% from 61% in the prior-year quarter.
- − Q3 guidance calls for revenue of $101 million-$105 million and an adjusted EBITDA loss of $1 million-$6 million.
- − Point-in-time revenue increased to 12% of Q2 revenue from 1% in the prior-year period, and Planet expects this metric to vary as satellite services scale.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this company-
Research ThesisPlanet Labs (PL) Q3 FY27 Earnings Preview and Forecast
We forecast Q3 FY27 revenue of $108.5 million for Planet Labs, 3.9% above the $104.4 million consensus and above the top of its $101 million to $105 million guide, which assumes last quarter's over-time revenue stops growing.
-
Research ThesisRocket Lab: Backlog is converting, but the $39B market cap is paying for a Neutron debut the company has yet to validate
Rocket Lab enters Q2 2026 with record backlog of $2,219.8M and guided revenue of $225.0M–$240.0M, yet the stock trades at -55.2% from its $150.23 high on a $39.0B market cap against $679.6M of trailing revenue — a gap the equity-funded growth model and the un-flown Neutron debut have to close.
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 19.3 · elevated
Equity put/call 0.63
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−47%
below
Price vs 50-day avg
−10%
below
RSI (14)
47
neutral
MACD trend
Positive
52-week position
7%
near low
Momentum
relative strength
1-month return
+2%
trailing
6-month return
−71%
trailing
YTD return
−30%
this year
Relative strength
−72%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $15 › 200d $26 — 200d above 50d
Institutional flow
Distributing
423 of 496 funds reported for Sep 30 · net -10.8M sh shares · +50 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
10.00% of shares out · ▼ -1.1% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
496 holders — near 3-yr high, broad support
Squeeze score
59
elevated · 0–100
Fundamentals
Revenue growth
+26%
Y/Y
Gross margin
56%
contracting
EPS growth
−90%
Y/Y
Free cash flow
$57.6M
Quant / Vol
risk profile
Volatility
95%
annualized · 1-yr
Max drawdown
−78%
past year
ATR
7.0%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Sep 3, 2026
third quarter of fiscal year 2027, ending October 31, 2026
Revenue
$101M – $105M
prior qtr $116.05M
midpoint −11.2% QoQ
Non-GAAP gross margin
Non-GAAP
56% – 58%
Adjusted EBITDA loss
Non-GAAP
$-6M – $-1M
Capital expenditures
$30M – $37M
full fiscal year 2027
Revenue
Raised
$430M – $441M
Jun 4, 2026
$425M – $441M
changed to
Sep 3, 2026
$430M – $441M
prior FY $307.73M
midpoint +41.5% Y/Y
Non-GAAP gross margin
Non-GAAP
Raised
55% – 57%
Jun 4, 2026
52% – 54%
changed to
Sep 3, 2026
55% – 57%
Capital expenditures
Raised
$100M – $115M
Jun 4, 2026
$80M – $95M
changed to
Sep 3, 2026
$100M – $115M
Adjusted EBITDA profit
Non-GAAP
Raised
$3M – $10M
Jun 4, 2026
$0 – $10M
changed to
Sep 3, 2026
$3M – $10M
Previous outlook
earlier release
· from the 8-K filed Jun 4, 2026
Still-open targets the latest release did not restate under the same label.
Revenue
· second quarter of fiscal year 2027, ending July 31, 2026
$102M – $107M
Non-GAAP gross margin
· second quarter of fiscal year 2027
52% – 55%
Capital expenditures
· second quarter of fiscal year 2027
$21M – $27M
Adjusted EBITDA profit
· second quarter of fiscal year 2027
$0 – $5M
Guided vs delivered
· last 8 settled
Revenue
second quarter of fiscal year 2027, ending July 31, 2026
guided $102M – $107M
$116.05M
Beat +11.1%
Revenue
first quarter of fiscal year 2027, ending April 30, 2026
guided $87M – $91M
$94.15M
Beat +5.8%
Revenue
fourth quarter of fiscal year 2026
guided $76M – $80M
$86.82M
Beat +11.3%
Revenue
full fiscal year 2026
guided $297M – $301M
$307.73M
Beat +2.9%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−47%
Bearish
Price vs 50-day avg
−10%
Bearish
RSI (14)
47
Neutral
MACD trend
Positive
Bullish
52-week position
7%
Bearish
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $15 › 200d $26 — 200d above 50d
Institutional flow
Distributing
423 of 496 funds reported for Sep 30 · net -10.8M sh shares · +50 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
10.00% of shares out · ▼ -1.1% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
496 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $11
Now $14 · 7%
Range high $51
vs 200-day avg -47%
vs 50-day avg -10%
Illustrative 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 non-GAAP | 12.9M | Six Months Ended July 31, 2026 | — |
|
|
|||
| Adjusted EBITDA profit non-GAAP | 13.9M | second quarter of fiscal year 2027 | — |
| Adjusted free cash flow non-GAAP | 28.83M | Six Months Ended July 31, 2026 | — |
| Backlog non-GAAP | 814.9M | second quarter of fiscal year 2027 | — |
GAAP → non-GAAP reconciliationGAAP Remaining performance obligations 753.12M
+61.75M Cancelable amount of contract value
= Backlog 814.86M
|
|||
| Capital Expenditures as Percentage of Revenue | 25% | Three Months Ended July 31, 2026 filing | — |
|
|
|||
| Free cash flow non-GAAP | 21.3M | Six Months Ended July 31, 2026 | — |
| Non-GAAP gross margin non-GAAP | 59% | second quarter of fiscal year 2027 | +0.0% |
|
|
|||
| Non-GAAP Gross Profit non-GAAP | $68.32M | the three months ended July 31, 2026 filing | — |
|
|
|||
GAAP → non-GAAP reconciliationGAAP Gross Profit 65.63M
+1.87M Stock-based compensation
+815K Amortization of acquired intangible assets
+0K Restructuring costs
+0K Employer payroll taxes related to earnout share vesting
= Non-GAAP Gross Profit 68.32M
|
|||
| Percent of recurring annual contract value (ACV) | 98% | second quarter of fiscal year 2027 | — |
|
|
|||
| Remaining Performance Obligations (RPOs) | 753.1M | second quarter of fiscal year 2027 | — |
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
|
$5.02B | -30.0% | +25.9% | — | 10.0% |
|
SPCX
Space Exploration Technologies Corp
|
$1.89T | — | — | — | 1.0% |
|
GE
General Electric Co
|
$342.88B | +7.7% | +18.5% | 38.3 | 1.2% |
|
RTX
RTX Corp
|
$267.97B | +8.3% | +17.1% | 32.2 | 1.0% |
|
EADSF
Airbus SE
|
$178.35B | -3.2% | — | — | 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 sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PL | +10.0% | +1.8% | -71.4% | +2.5% | -30.0% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +7.5% | +3.0% | -71.9% | +2.7% | -40.6% |
Key facts
CIK
1836833
CUSIP
72703X106
13F (30d)
328 filings
296 filers
Visit website
Investor relations