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Planet Labs PBC PL R2K

Industrials · Aerospace & Defense · United States
https://www.planet.com

Planet Labs PBC engages in the design, construction, and launch of constellations of satellites with the intent of providing high-cadence geospatial data delivered to customers through an online platform in the United States and internationally. The company offers SuperDove satellites to create an always-online scanner for the planet, with the goal of imaging the Earth every day at a ground sampling distance (GSD) resolution of up to 3.5 meters. This combines planet monitoring with other scientific-grade radiometric data from public satellite data programs; and SkySat and Pelican satellites to capture a specified location several times per day, achieving a GSD resolution of up to 50 centimeters after processing, powered by an application programming interface. It also provides Tanager, a hyperspectral imaging satellite that delivers full-spectrum imagery across the visible and shortwave infrared regions, and the Earth Observation platform, which enables customers and partners to access, analyze, and act on its proprietary data catalog by discovering image tasking capacity, relevant data layers, extracting useful information, and delivering insights through custom-built solutions or GIS workflows via APIs and browser-based applications. In addition, the company's satellite services arrangements include designing and manufacturing customer-owned satellites, mission systems engineering, launch procurement, ground station infrastructure, satellite operations, and maintenance, as well as dedicated image tasking capacity on company-owned or customer-owned satellites. It serves agriculture, mapping, energy, forestry, finance, and insurance companies, as well as government agencies. Planet Labs PBC was founded in 2010 and is headquartered in San Francisco, California.

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$51.14
+1,231.77% 1Y

Market & Price

Market Cap
$18.23B
Current Price
$51.14
High / Low (52W)
$51.40 / $3.79
Beta
1.91

Valuation

Stock P/E
-
Industry PE
28.38
Forward P/E
-
PEG Ratio
-
Book Value
$0.56
Price to Book
91.00
P/S
59.23
EV/EBITDA
-389.61
Dividend Yield
-

Profitability & Returns

ROCE
-35.31%
ROE
-78.40%
ROA
-5.86%
Profit Margin
-80.22%
Op Margin
-30.43%
EPS (Latest Qtr)
$-0.48
EPS (TTM)
$-0.80

Balance Sheet & Liquidity

Debt/Equity
2.45
Quick Ratio
1.54
Current Ratio
1.65
Debt
$462.48M
Total Assets
$1.15B
Current Assets
$775.36M
Working Capital
$305.91M

Ownership

Promoter Holding
1.60%
Chg in Prom Hold
-
FII / Inst Holding
79.96%
Chg in FII Hold
-0.03%

Financial Snapshot

Enterprise Value
$17.52B
Total Revenue (TTM)
$307.73M
EBITDA
$-44.98M
Free Cash Flow
$233.78M
Operating Cash Flow
$134.36M
Shares Outstanding
332.90M
Gross Margin
56.15%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
17.18%
Profit 5Y
-17.47%
Revenue (YoY)
41.10%
Earnings (YoY)
-

PROS

  • Compounding revenue at 17.2% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Earnings shrank at -17.5% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 PL Planet Labs PBC R2K 51.14 - $18.23B - -35.31% -78.40% 17.18% -17.47%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Mar 2021Apr 2021Jun 2021Jul 2021Sep 2021Oct 2021Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026
Revenue -31.96M-30.41M-31.70M40.13M48.45M49.70M52.70M53.76M55.38M60.44M61.09M-61.55M66.27M73.39M81.25M86.82M
Cost of Revenue ---------------23.34M29.66M31.12M34.67M39.79M
Gross Profit -12.83M-10.59M-10.89M16.50M23.47M24.98M28.15M26.29M26.03M31.68M32.31M-38.22M36.60M42.27M46.58M47.03M
Operating Expenses ---------------57.58M59.37M60.23M64.92M83.03M
Operating Income -322.92K-18.27M-3.17M-24.27M-3.96M-28.31M-47.71M-42.64M-42.63M-44.69M-43.28M-47.86M-34.57M-39.58M--19.37M-22.77M-17.96M-18.34M-36.00M
EBITDA ----------------10.09M-11.69M-7.34M-47.47M-138.21M
Interest Expense --------------277.00K---1.02M1.59M
Pretax Income ----------------34.06M-11.70M-22.09M-58.40M-150.01M
Tax Provision ---------------1.10M928.00K497.00K784.00K2.45M
Net Income -14.55M-29.25M-236.37K-20.36M-6.64M-41.54M-44.36M-39.53M-40.24M-34.44M-37.98M-38.00M-29.29M-38.67M--35.15M-12.63M-22.59M-59.19M-152.46M
Diluted EPS --0.64--0.46--0.88-0.17-0.15-0.15-0.13-0.14-0.13-0.10-0.13--0.12-0.04-0.07-0.19-0.48
R&D Expense -12.13M-12.43M-14.96M24.75M26.74M27.60M28.19M26.74M33.00M25.59M27.25M25.22M-23.07M24.16M27.33M-

Profit & Loss (Annual)

Figures in USD.

Metric Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Revenue 95.74M113.17M-191.26M220.70M244.35M307.73M
Cost of Revenue ---97.25M107.75M104.63M135.24M
Gross Profit -6.66M25.79M-94.01M112.95M139.72M172.49M
Operating Expenses ---269.68M280.26M250.85M267.56M
Operating Income -106.46M-87.44M--175.68M-167.31M-111.12M-95.07M
EBITDA ----132.34M-92.06M-74.27M-196.94M
Interest Expense ---00832.00K3.44M
Pretax Income ----161.12M-139.69M-120.74M-242.21M
Tax Provision ---847.00K815.00K2.46M4.66M
Net Income -123.71M-127.10M--161.97M-140.51M-123.20M-246.86M
Diluted EPS -2.89-2.87--0.61-0.50-0.42-0.80
R&D Expense 37.87M43.83M66.68M110.92M116.34M101.01M106.75M

Compounded Sales Growth

5 Years:17.18%
1 Year:41.10%

Compounded Profit Growth

5 Years:-17.47%
1 Year:-

Stock Price Performance

1 Year:+1,231.77%
6 Months:+335.98%
3 Months:+111.85%
1 Month:+50.06%

Balance Sheet (Annual)

Figures in USD.

Metric Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Total Assets --399.31M-752.72M702.00M633.80M1.15B
Current Assets ----475.65M370.15M302.23M775.36M
Cash & Equivalents --71.18M-181.89M83.87M118.05M229.44M
Inventory ------06.12M
Receivables ----38.95M43.32M55.83M83.53M
Total Liabilities --291.80M-176.62M183.98M192.51M957.25M
Current Liabilities --108.81M-122.26M136.65M142.08M469.45M
Long Term Debt -------446.88M
Total Debt ----22.03M24.93M21.61M462.48M
Total Equity 305.83M217.64M107.51M-576.10M518.02M441.29M188.43M
Shares Outstanding ----271.78M289.28M300.10M335.33M

Cash Flows (Annual)

Figures in USD.

Metric Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Operating Cash Flow -33.69M-4.03M--73.93M-50.71M-14.37M134.36M
Investing Cash Flow -27.17M-30.80M--242.26M-33.59M57.91M-393.12M
Financing Cash Flow 8.73M83.94M-7.86M-1.60M-15.54M357.05M
Capital Expenditure -16.66M-26.10M--12.76M-42.41M-54.40M-82.95M
Free Cash Flow -50.35M-30.12M--86.69M-93.12M-68.78M51.41M
Net Change in Cash ----308.34M-85.89M28.00M98.30M

Ratios (Annual)

Figures in %.

Metric Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Gross Margin % -7.0%22.8%-49.2%51.2%57.2%56.1%
Operating Margin % -111.2%-77.3%--91.9%-75.8%-45.5%-30.9%
Net Margin % -129.2%-112.3%--84.7%-63.7%-50.4%-80.2%
ROE % -56.8%-118.2%--28.1%-27.1%-27.9%-131.0%
ROCE % --30.1%--27.9%-29.6%-22.6%-14.1%

Shareholding Pattern

Insiders
1.60%
Institutions
79.96%
Public Float
81.27%

Top Institutional Holders

#Holder% HeldSharesValue
1 Alphabet Inc. 10.59% 35.25M $1.80B
2 Blackrock Inc. 7.65% 25.47M $1.30B
3 Vanguard Portfolio Management LLC 3.67% 12.20M $624.12M
4 Vanguard Capital Management LLC 3.66% 12.19M $623.24M
5 Van Eck Associates Corporation 2.49% 8.28M $423.55M
6 Shaw D.E. & Co., Inc. 2.39% 7.97M $407.66M
7 Driehaus Capital Management, LLC 2.38% 7.92M $404.96M
8 Canada Pension Plan Investment Board 2.36% 7.84M $401.16M
9 State Street Corporation 2.07% 6.88M $351.94M
10 Two Sigma Investments, LP 2.03% 6.76M $345.70M

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