Planet Labs PBC (PL)
The company now
Planet Labs PBC is classed as a product business. By geography in fiscal 2026, the United States accounted for 40% of revenue, EMEA for 33%, Japan for 12%, Ukraine for 11%, and Latin America for 4%. The company tags no split of its revenue by line of business in the annual report on file. 21
From the record in brief, written by the desk, an AI model, from the company's record on Oct 21, 2026. Nothing here is advice.
Where the revenue comes from
fiscal 2026, as filedRevenue by region, fiscal 2026
| Region | Fiscal 2026 | Fiscal 2025 | Share of revenue |
|---|---|---|---|
| United States | $124M | $110M | 39.5% |
| EMEA | $104M | $70.1M | 33.0% |
| Japan | $38.0M | n/a | 12.1% |
| Ukraine | $35.9M | n/a | 11.4% |
| Latin America | $12.2M | $12.5M | 3.9% |
As tagged in its annual report (Form 10-K, filed Mar 23, 2026 ↗), read from the SEC's financial statement data sets. The year before is the figure the record holds for the prior fiscal year.
The desk's written account of this company, its Past, Present and Future, is not on file yet.
How the company works
The desk has not read this company's annual report yet.
The record in brief
five sections from the recordBy the desk, an AI model (Claude Haiku 4.5), written from the company's record on Oct 21, 2026; nothing here is advice. Every sentence rests on the numbered source beside it, and a sentence the record did not support was cut before the report was kept.
Past
Planet Labs PBC's revenue grew from $96 million in fiscal 2020 to $308 million in fiscal 2026, up 21.5% a year over seven filed years, and rose in six of six years with no fall from a peak. The company was never profitable over those seven years, with net income negative in all of them. Over the three fiscal years to 2026-01-31, the diluted share count grew about 4.8% a year. The company returned about 0% of its operating cash flow as dividends and buybacks over those three years. 1
Officers and directors filed 25 sales and 0 purchases of their own stock on the open market in the year to 2026-10-16, with 18 of the sales under scheduled 10b5-1 plans. Planet Labs' filings since 2020 show five warning events: a notice about its exchange listing, a warning not to rely on past financial statements, two auditor changes, and a late-report notice, with the latest auditor change in 2024. 1
Present
For the fiscal year ended 2026-01-31, Planet Labs PBC reported revenue of $308 million and a loss of $247 million. The company's revenue of $308 million in fiscal 2026 ranks in the top 45% by size among 21 graded names in its industry family, but its net margin of -80.2% ranks in the bottom 21%. 21
Return on equity was -131%, meaning the company lost about 131 cents for every dollar of shareholders' money. Gross profitability was 15%, and leverage was 84%, meaning the company owed about 84 cents per dollar of assets, while the share count grew 5.4% over the year. Shareholders' equity was $188 million as of 2026-01-31, and cash and near-cash totaled $236 million. 13
Marshall William Spencer serves as Co-Founder and CEO. Ashley F. Johnson serves as President and CFO. The record of leadership people begins on 2021-12-07, so the floor for years in charge is 4.9 years, which cannot be read as a full tenure measure. 41
Future
A quarterly report (Form 10-Q) for the quarter ending 2026-10-31 is due by 2026-12-10 under the SEC's rules. An annual report (Form 10-K) for the fiscal year ending 2027-01-31 is due by 2027-04-01 under the SEC's rules. 5
Room to expand reads strong: the company has cash of $236 million against no long-term debt tagged, leaving 20.6% of its assets as net cash in the top 40% of its family; cash from operations less capital spending is 18.7% of revenue in the top 26%; a gross margin of 56.1% in the top 3%; and research spending of 34.7% of revenue in the top 17%. Revenue growth slowed to 17.2% a year over the last three filed years against 21.5% over all seven years, while the newest year grew 26%; research spending declined 1.3% a year; and capital spending grew 94.4% a year in the top 8%. 1
The newest year's revenue of $308 million came in 11.4% above the $276 million its prior three years' pace pointed to, but net income of -$247 million fell sharply against a prior three-year average of -$142 million, and the net margin of -80.2% worsened against -66.3% before. 1
How the company operates
Planet Labs PBC is classed as a product business. By geography in fiscal 2026, the United States accounted for 40% of revenue, EMEA for 33%, Japan for 12%, Ukraine for 11%, and Latin America for 4%. The company tags no split of its revenue by line of business in the annual report on file. 21
New moves
On 2026-06-05, Planet Labs filed a shelf offering (424B5 and S-3ASR), indicating securities were sold off a shelf and a shelf registration was ready for sale. On 2026-06-05, the company filed an 8-K reporting that a major agreement had been signed. On 2026-02-05, the company filed an 8-K reporting shares sold without registration and a change to shareholders' rights. On 2026-01-23, the company filed an 8-K reporting shares sold without registration and a change to shareholders' rights. On 2026-01-16, the company filed an 8-K reporting shares sold without registration and a change to shareholders' rights. 5
Sources
a number beside a sentence opens its entry in its own document's listThe record in brief 5 sources · written Oct 21, 2026
- PL: the nine metricsthis site's record
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Track record (past, graded 6.9 of 10, weighs 45% of the past): Planet Labs PBC's 7 filed years say what it did: revenue went from $96 million in fiscal 2020 to $308 million in fiscal 2026, up 21.5% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 0 of 7 of those years (its annual reports).
Shareholder treatment (past, graded 3.1 of 10, weighs 22% of the past): Over the 3 fiscal years to 2026-01-31, Planet Labs PBC's diluted share count grew about 4.8% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements).
Its officers and directors filed 25 sales (18 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-16 (their Form 4 filings).
Surviving crises (past, graded 1.9 of 10, weighs 33% of the past): Planet Labs PBC's filings since 2020 show 5 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2021-06-01); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-11-26); an auditor change (8-K item 4.01, 2 times, the latest 2024-04-05); a late-report notice (Form N
Industry position (present, graded 4.8 of 10, weighs 33% of the present): Planet Labs PBC's standing among 21 graded names in its industry family: revenue of $308 million in fiscal 2026 ranks in the top 45% by size; a net margin of -80.2% ranks in the bottom 21%; revenue growth of 17.2% a year over the last 3 filed years ranks in the top 32% (its annual reports).
Financial health (present, graded 3.0 of 10, weighs 45% of the present): Return on equity: in the fiscal year ended 2026-01-31, Planet Labs PBC lost about 131 cents for every dollar of shareholders' money, and gross profitability: its products earned about 15 cents per dollar of everything the company owns. Leverage: it owed about 84 cents per dollar of assets, and net share issuance: its share co
Leadership (present, an SI estimate at 6.6 of 10, weighs 22% of the present): SI estimate, not a filed reading: Planet Labs PBC's leadership is put at 6.6 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 34% of 16 in its family; the record of
Room to expand (future, graded 7.8 of 10, weighs 45% of the future): Planet Labs PBC's room to grow, from the newest filed statements (fiscal 2026): cash of $236 million against no long-term debt tagged leaves 20.6% of its assets as net cash, top 40% of its family; cash from operations less capital spending is 18.7% of revenue (top 26%); a gross margin of 56.1% (top 3%); research spending of 34.7%
Growth drivers (future, graded 6.3 of 10, weighs 33% of the future): Planet Labs PBC's growth drivers, from the filed years to fiscal 2026: revenue grew 17.2% a year over the last three filed years against 21.5% over all 7, slowing (top 50% of its family); the newest year grew 26% (top 36%); research spending grew -1.3% a year (bottom 45%); capital spending grew 94.4% a year (top 8%) (its annual r
Expectations vs reality (future, graded 2.5 of 10, weighs 22% of the future): Planet Labs PBC's newest year against its own record: revenue of $308 million in fiscal 2026 came in 11.4% above the $276 million its prior three years' pace pointed to (top 50% of its family); net income of $247 million against a prior three-year average of $142 million (bottom 18%); a net margin of -80.2% against -66.3
Planet Labs PBC tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
- PL: the company filethis site's record
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In its latest annual figures on file, for the fiscal year ended 2026-01-31, it reported revenue of $308 million and a loss of $247 million (its filed statements).
Product business (prior from its industry code (SEC 3663, Radio & Tv Broadcasting & Communications Equipment); the filing read can change it).
Where the revenue comes from, fiscal 2026, as tagged in its annual report (Form 10-K, filed 2026-03-23): by geography: United States 40%, EMEA 33%, Japan 12%, Ukraine 11%, Latin America 4%.
- PL: net worth, from the balance sheeta filing
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Shareholders' equity, or book value, the net worth on its own books: $188 million as of 2026-01-31, what it owns minus what it owes (the filed figure, us-gaap:StockholdersEquity, Form 10-K filed 2026-03-23).
Cash and near-cash $236 million at the same year end.
- PL: insiders and the paper traila filing
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Insider roster by name: Marshall William Spencer (Co-Founder and CEO, officer and director; 6 filings, 4 sales, 2 purchases, last 2026-09-18); Johnson Ashley F. (President & CFO, officer; 18 filings, 21 sales, 0 purchases, last 2026-09-17); Schingler Robert H (Co-Founder Chief Strategy Off., officer and director; 5 filings, 6 sales, 0 purchases, last 2026-09-17); Robinson Kristen (director; 3 fili
- PL: the filing record, ten yearsa filing
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Deadline ahead: Quarterly report (Form 10-Q) for the quarter ending 2026-10-31 is due by 2026-12-10; large accelerated filers have 40 days after the quarter ends; quarter ends are taken to the month end. A deadline under the SEC's rules, not a prediction of when it will file.
Deadline ahead: Annual report (Form 10-K) for the fiscal year ending 2027-01-31 is due by 2027-04-01; large accelerated filers have 60 days after the fiscal year ends. A deadline under the SEC's rules, not a prediction of when it will file.
Document: https://www.sec.gov/Archives/edgar/data/1836833/000114036126024109 2026-06-05: Form 424B5, Shelf offering. The filing record and the share count: securities sold off a shelf. Document: https://www.sec.gov/Archives/edgar/data/1836833/000114036126024104 2026-06-05: Form S-3ASR, Shelf registration.
Document: https://www.sec.gov/Archives/edgar/data/1836833/000119312526258284 2026-06-05: Form 8-K, Current report (Major agreement signed, item 1.01). Track record: a major agreement signed.
Document: https://www.sec.gov/Archives/edgar/data/1836833/000093820626000008 2026-02-05: Form 8-K, Current report (Shares sold without registration, item 3.02; Change to shareholders' rights, item 3.03; Other event, item 8.01), for the period ended 2026-02-03. Shareholder treatment: shares sold without registration. Shareholder treatment: a change to shareholders' rights.
Document: https://www.sec.gov/Archives/edgar/data/1836833/000119312526038075 2026-01-23: Form 8-K, Current report (Shares sold without registration, item 3.02; Change to shareholders' rights, item 3.03; Other event, item 8.01), for the period ended 2026-01-21. Shareholder treatment: shares sold without registration. Shareholder treatment: a change to shareholders' rights.
Document: https://www.sec.gov/Archives/edgar/data/1836833/000119312526020587 2026-01-16: Form 8-K, Current report (Shares sold without registration, item 3.02; Change to shareholders' rights, item 3.03; Other event, item 8.01), for the period ended 2026-01-13. Shareholder treatment: shares sold without registration. Shareholder treatment: a change to shareholders' rights.