PL Stock — Planet Labs PBC

Up next

Next earnings call

Dec 4, 2026 Est · unconfirmed · in 9 wks

Latest filing: 10-Q

filed Sep 3, 2026

Q2 2027 earnings call transcript

call held Sep 3, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

—

Trailing 12 months

Net income (TTM)

—

Trailing 12 months

Revenue growth YoY

—

Year over year

Operating margin

—

Trailing 12 months

P / E (TTM)

—

Trailing earnings

FCF yield

—

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

—

Year over year · more shares

Price change (1Y)

+28.1%

Trailing year

Short interest

8.0%

Latest settlement · 1.9 days to cover

View all 115 metrics

Equibles Research

our published analysis of this company

Research Thesis July 16, 2026

Rocket 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 advice

Overall

Sell

SellHoldBuy

Technical Sell Momentum Very Weak Sentiment Neutral Fundamentals Strong Quant / Vol Very High

Market backdrop VIX 16.3 · calm Equity put/call 0.53

Technical

price trend

Sell

50 / 200-day cross No cross

Price vs 200-day avg −40%

below

Price vs 50-day avg −19%

below

RSI (14) 36

neutral

MACD trend Positive

52-week position 13%

near low

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Very Weak

1-month return −17%

trailing

6-month return −55%

trailing

YTD return −17%

this year

Relative strength −68%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $20 › 200d $27 — 200d above 50d

Institutional flow Accumulating

+14% holders QoQ · +123 funds added

Insider flow Flat

No net insider activity over 90 days

Short interest Rising

8.04% of float · ▲ +0.2% MoM · 1.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

491 holders — near 3-yr high, broad support

Squeeze score 48

elevated · 0–100

Fundamentals

Strong

Revenue growth +26%

Y/Y

Gross margin 56%

contracting

EPS growth −90%

Y/Y

Free cash flow $57.6M

Quant / Vol

risk profile

Very High

Volatility 93%

annualized · 1-yr

Max drawdown −69%

past year

ATR 6.5%

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

what management promised — and delivered

Beat or met 3 of last 3

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 Initiated $430M – $441M

prior FY $307.73M midpoint +41.5% Y/Y

Non-GAAP gross margin Non-GAAP Initiated 55% – 57%

Capital expenditures Initiated $100M – $115M

Adjusted EBITDA profit Non-GAAP Initiated $3M – $10M

Guided vs delivered · last 3 settled

Revenue second quarter of fiscal year 2025, ending July 31, 2024

guided $59M – $63M

guided $59M – $63M $61.09M In line

Revenue fiscal year 2024, ending January 31, 2024

guided $218M – $221M

guided $218M – $221M $220.7M In line

Revenue full year

guided $129M – $131M

guided $129M – $131M $131.21M Beat +0.9%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell

3 · 3 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−40% Bearish

Price vs 50-day avg

−19% Bearish

RSI (14)

36 Neutral

MACD trend

Positive Bullish

52-week position

13% Bearish

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bullish · 2 of 6

Trend (MA cross) No cross

50d $20 › 200d $27 — 200d above 50d

Institutional flow Accumulating

+14% holders QoQ · +123 funds added

Insider flow Flat

No net insider activity over 90 days

Short interest Rising

8.04% of float · ▲ +0.2% MoM · 1.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

491 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $11 Now $16 · 13% Range high $51

vs 200-day avg -40% vs 50-day avg -19%

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 reconciliation GAAP 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 reconciliation GAAP 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

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
PL Planet Labs PBC this stock	$6.34B	-16.9%	+25.9%	—	8.0%
SPCX Space Exploration Technologies Corp	$1.96T	—	—	—	1.2%
GE General Electric Co	$339.38B	+3.2%	+18.5%	38.5	1.5%
RTX RTX Corp	$255.27B	+1.9%	+17.1%	33.4	1.0%
EADSF Airbus SE/ADR	$174.13B	-5.1%	—	—	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 section

Ownership

Institutional Holders Accumulating

Holders

491

% held: 78.3%
Net QoQ: +16.7M sh
Top holder: Alphabet Inc.

Held Float

View

Held by Funds

Fund positions

307

View

Short & Settlement

Short Interest Rising

Shares short

29.3M

Days to cover: 1.9d
Change: +45.7K sh

View

Short Volume

Short vol %

40%

As of: Sep 30, 2026

Short Total

View

Fails to Deliver

FTD shares

7.2K

Value: $117.6K
As of: Sep 14, 2026

View

Off-Exchange

Off-exchange %

39.0%

Week of: Aug 24, 2026

Off-exch Lit

View

Smart Money

Congressional Trades Sell

Member

George Whitesides

Amount: $50.0K–$100.0K
Traded: Mar 27, 2025

View

Financials

Revenue (FY)

$307.7M

Net income (FY): $-246.9M
EPS diluted: $-0.80

View

Filings

SEC Filings

Latest

8-K

Filed: Sep 3, 2026
This year: 17

View

Proposed Sales

Value

$836.9K

Shares: 52.2K
Filed: Sep 17, 2026

View

Exempt Offerings

Offering

$52.0M

Filed: Sep 28, 2021

View

Earnings & Events

Earnings Calls

Last call

Sep 3, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
PL	-3.1%	-17.5%	-55.2%	-17.5%	-16.9%
SPY	-1.2%	-0.4%	+13.1%	-0.4%	+12.1%
vs SPY	-1.9%	-17.1%	-68.2%	-17.1%	-29.0%

PL · Planet Labs PBC

Price & Indicators

Up next

Metrics snapshot

Equibles Research

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance