Company Analysis

Planet Labs PBC (PL)

NYSE: PL · Radio & Tv Broadcasting & Communications Equipment · San Francisco, CA · filing with the SEC since 2020
Grade4.9
◀ Past 4.4● Present 4.4▶ Future 6.2
1 est.

The grade of Planet Labs PBC

Nine metrics read from its own filings, by tense
Headline grade
4.9/10
◀ Past4.430% of the headline
● Present4.440% of the headline
▶ Future6.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
1.9/10

Has it survived what it has been through?

5 warning events since 2020; the latest 2024-04-05.

weight 33% of this tense · 19th percentile among 21 sector filers · read for itself

From the record

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 NT 10-K or NT 10-Q, the latest 2021-05-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.9/10

What has it actually done, year after year?

+21.5% a year over 7 filed years; profitable in 0 of 7.

weight 45% of this tense · 69th percentile among 21 sector filers · read for its customers

From the record

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).

What it rests on

  • revenue growth over the filed span21.5%top 18% of its family
  • the share of years revenue rosetop 12% of its family
  • the share of filed years with a profitbottom 17% of its family
  • the deepest fall from a revenue peak0.0%top 12% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.1/10

How has it treated the people who own it?

Share count grew 4.8% a year. 0% of cash flow returned. Insiders: 25 sales, 0 purchases.

weight 22% of this tense · 31st percentile among 12 sector filers · read for its shareholders

From the record

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 2026-11-06 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 40% of its family
  • cash returned against operating cash flowbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.0/10

Is it financially healthy right now?

ROE -131%: lost 131¢ per shareholder dollar. Leverage 84%: owes 84¢ per asset dollar.

weight 45% of this tense · 30th percentile among 21 sector filers · read for itself

From the record

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 count grew 5.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 21% of its family
  • return on equitybottom 8% of its family
  • gross profit against assetsbottom 39% of its family
  • the share count against the year beforetop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.8/10

How strong is its position in its industry?

bottom 48% of 21 in its family; net margin -80.2%.

weight 33% of this tense · 48th percentile among 21 sector filers · read for its customers

From the record

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).

What it rests on

  • revenue against the family$308Mtop 45% of its family
  • net margin-80.2%bottom 21% of its family
  • three-year revenue growth17.2%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
6.6/10

What are the people in charge doing?

SI estimate 6.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 66th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
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 its people begins on 2021-12-07 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.9 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2021-12-07 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.9 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 16 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

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 its people begins on 2021-12-07 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 4.9 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.8/10

How much room does it have to grow?

top 21% of 21 in its family for room to expand.

weight 45% of this tense · 79th percentile among 21 sector filers · read for itself

From the record

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% of revenue (top 17%) (its annual report).

What it rests on

  • cash less debt against assets20.6%top 40% of its family
  • cash from operations less capital spending against revenue18.7%top 26% of its family
  • gross margin56.1%top 3% of its family
  • research spending against revenue34.7%top 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.2/10

What could actually drive growth from here?

top 38% of 21 in its family for growth drivers.

weight 33% of this tense · 62nd percentile among 21 sector filers · read for its customers

From the record

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 (bottom 45% 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 reports). 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.

What it rests on

  • three-year growth against the whole span-4.3 points a yearbottom 45% of its family
  • the newest year's revenue growth26.0%top 36% of its family
  • three-year growth of research spending-1.3%bottom 45% of its family
  • three-year growth of capital spending94.4%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.7/10

Did its newest year beat what its own record pointed to?

bottom 27% of 19 in its family for expectations against reality.

weight 22% of this tense · 27th percentile among 19 sector filers · read for its shareholders

From the record

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 45% 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% before (bottom 8%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace11.4%top 45% of its family
  • net income against the prior three years' average-74%bottom 18% of its family
  • net margin against its prior average-14.0 pointsbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PL · research, not advice