PL · NYSE · Aerospace & Defense

Planet Labs (PL)

Maps global change with daily satellite imagery, analytics, and customer satellite services.

$16.97
vs last close−0.11 (−0.62%)
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Planet Labs PBCPL
Industrials

Licenses near-daily PlanetScope imagery, high-resolution tasking, hyperspectral data, and analytics through a cloud platform, while also building and operating satellites for government and enterprise customers. Its repeatable data-licensing model is complemented by longer-term satellite-services contracts and depends on continued constellation replenishment.

Images Earth's landmass near-daily with the PlanetScope monitoring constellation, while Pelican and SkySat support high-resolution tasking and Tanager supplies hyperspectral measurements. The Planet Insights Platform and Sentinel Hub deliver imagery, basemaps, derived variables, APIs, and AI-enabled analytics to commercial, civil-government, and defense customers worldwide.

Designs, builds, and operates compact satellites, creating a frequently refreshed archive that can be licensed repeatedly through subscription and usage contracts. Satellite Services adds customer-owned spacecraft, dedicated capacity, mission engineering, launch procurement, ground infrastructure, and operations. This vertically integrated manufacturing-and-data model shortens the path from spacecraft design to usable intelligence. Execution depends on replenishing constellations, third-party launches, cloud hosting, remote-sensing licenses, export controls, and renewing annual or multi-year customer agreements.

Company facts

CEOWilliam Spencer Marshall
ListedDec 8, 2021
ExchangeNYSE
HeadquartersSan Francisco, CA
CountryUnited States
Employees1,000
CIK0001836833
ISINUS72703X1063

Market cap$5.68B
EPS (ttm)−$1.10
P/E (ttm)−15.52
ROE-93.1%
P/B10.07
P/S15.02
Dividend yieldDiv yield
Beta2.49vs XLI 0.65

Price target$35.00+105.0%Average of 23 analysts
ConsensusBuy13 of 23 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 8, 2026Deutsche BankReiterate
Rating: Target: $36
Rating: BuyTarget: $28
Sep 4, 2026Northland SecuritiesTarget
Target: $50
Target: $40
Sep 4, 2026Craig-HallumTarget
Target: $49
Target: $35
Sep 4, 2026New StreetUpgrade
Rating: Sell
Rating: Neutral
Sep 4, 2026NeedhamReiterate
Rating: Target: $53
Rating: BuyTarget: $40

Next report
Dec 9, 26
in 78 days
EPS estimate
−$0.02
Revenue estimate
$105.1M
Fiscal quarter
Q3 FY27

EPSReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26Dec '26
Reported−$0.08−$0.04−$0.03−$0.19−$0.48−$0.03$0.02Pending
Estimate−$0.02−$0.04−$0.03−$0.03−$0.05−$0.04−$0.02−$0.02
Surprise−300.0%−18.0%0.0%−467.3%−916.7%+28.2%+205.1%

RevenueReportedEstimate

Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26Dec '26
Reported$61.6M$66.3M$73.4M$81.3M$86.8M$94.2M$116.1MPending
Estimate$61.9M$62.3M$66.0M$72.2M$78.2M$90.4M$104.5M$105.1M
Surprise−0.6%+6.4%+11.2%+12.6%+11.0%+4.2%+11.0%
Estimate−$0.02
ReportedDue Dec 9, 2026
Estimate$105.1M
ReportedDue Dec 9, 2026
View details

Debt to equity79.40%
Current ratio284.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Revenue$61.3M$61.6M$66.3M$73.4M$81.3M$86.8M$94.2M$116.1M
Net income−$20.1M−$35.2M−$12.6M−$22.6M−$59.2M−$152.5M−$138.9M−$9.4M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Operating income−$22.6M−$19.4M−$22.8M−$18.0M−$18.3M−$36.0M−$34.9M−$13.5M
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widenedLoss narrowed

Balance sheet, Jul 31, 2026Cash & short-term investments $865.4M · Total debt $448.3M · Total assets $1.43B · Shareholders' equity $564.4M

Revenue
$116.1M
Operating income
−$13.5M
Net income
−$9.4M
View details

No dividends on record.

Institutions70.90%257.96M shares
532 holders · as of Jun 30, 2026
Insiders5.62%20.44M shares
10 holders · as of Sep 17, 2026
Other23.48%85.45M shares
remainder

363.85M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Two share counts disagree (363.85M in the company's Sep 22, 2026 report, 332.91M elsewhere); stakes use the report.

This company has 2 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Alphabet Inc.Institution
9.69%35.25M Aas of Jun 30, 2026
BlackRock, Inc.Institution
5.08%18.48M Aas of Jun 30, 2026
William MarshallInsider
4.60%16.74Mfiled Jan 15, 2026
American Century Companies IncInstitution
3.96%14.40M Aas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
3.54%12.87M Aas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 17, 2026Ashley F. Johnsonofficer: President & CFO−55,663$16.96
Sep 17, 2026Robert H. Schinglerdirector, officer: Co-Founder Chief Strategy Off.−52,240$16.96
Jul 23, 2026Ashley F. Johnsonofficer: President & CFO−110,028$22.08
Jul 15, 2026Kristen Robinsondirector−37,107$25.05
Jul 13, 2026John W. Raymonddirector−6,494$26.16
View details

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Compare

CompanyPriceChange
Planet Labs$16.97−0.62%$5.68B15.0+58.1%
BlackSky Technology$23.43+1.10%$948.2M8.7+50.1%
Satellogic$5.70+2.06%$768.1M24.1+258.5%
MDA Space$31.28−1.60%$5.15B55.830.43.8+28.0%
Spire Global$12.31+2.93%$389.1M6.2−5.9%
Median55.830.47.5+39.1%