Loading…
US satellite imagery company operating a large fleet of small satellites that photograph the entire Earth's landmass daily.
US satellite imagery company operating a large fleet of small satellites that photograph the entire Earth's landmass daily.
Sells access to its imagery archive and daily scans mainly through annual or multi-year subscriptions, which makes revenue more predictable than one-off image sales. Government and defence agencies sign the biggest contracts. It went public in 2021 by merging with a special-purpose acquisition company, a listed shell.
Moat: narrow (installed base, scale, regulatory licence). Largest commercial fleet of small imaging satellites gives daily global coverage that's costly to replicate.
Headquarters: San Francisco, California, US · Founded: 2010 · Employees: 1,000
Size Planet Labs PBC (PL) is a United States Information Technology company (Packaged Software) with a market value of $4.57B, the 1244th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.55 on 6 Nov 2026.
Performance Over six months the shares fell 67.8%, against +6.6% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 20 in its peer set.
Growth Revenue grew 44.1% over the last twelve months (peer median +12.5%); the operating margin is -25.7% (peer median 7.5%).
Valuation It trades at 11.1× enterprise value to sales against a peer median of 4.1× (7th most expensive of 21).
Capital Return on invested capital runs 54.4 points below its cost of capital (15.2% WACC).
Backlog Backlog (remaining performance obligations) was $753M at 31 Jul 2026, up 9% on a year earlier — 2.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 10.8% of the free float (15 Oct 2026).
Next results Next results expected around 14 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $378M | $308M | $244M | $221M | $191M |
| Revenue growth | — | +26% | +11% | +15% | — |
| Gross profit | $209M | $172M | $141M | $113M | $94.0M |
| EBITDA | -$55.0M | -$52.8M | -$55.7M | -$122M | -$132M |
| Net income | -$360M | -$247M | -$123M | -$141M | -$162M |
| Free cash flow | $24.7M | $57.6M | -$58.7M | -$88.7M | -$84.4M |
| Capital expenditure | $98.9M | $82.9M | $54.4M | $42.4M | $12.8M |
| Total debt | $499M | $462M | $21.6M | $24.9M | $22.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Planet Labs PBC PL | $4.57B | -68% | +44% | -26% | 11.1× | n/a |
| BlackSky Technology BKSY | $873M | -46% | +4% | -43% | 7.8× | n/a |
| Airbus AIR.PA | $174B | +14% | +6% | 8% | 2.1× | 22.6% |
| Satellogic SATL | $535M | -54% | +369% | -67% | 16.0× | n/a |
| Synspective 290A.T | $950M | -16% | +5% | -196% | 52.6× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.0% | +6.6% | lowest of 21 |
| 6-month return | -67.8% | +6.6% | lowest of 20 |
| Distance from 52-week high | -75.8% | -25.5% | lowest of 21 |
| Revenue growth (TTM) | +44.1% | +12.5% | highest of 21 |
| Operating margin | -25.7% | 7.5% | 2nd lowest of 21 |
| EV / Sales | 11.1× | 4.1× | 7th most expensive of 21 |
| ROIC minus cost of capital | -54.4 pp | -1.8 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Planet Labs PBC PL | United States | $4.57B | -68% | +44% | -26% | 11.1× | n/a | n/a |
| Beijing DeepZero Technology 2723.HK | Hong Kong | $4.58B | n/a | +31% | 1% | 45.1× | n/a | n/a |
| HeartFlow HTFL | United States | $4.56B | +15% | +40% | -34% | 20.9× | n/a | n/a |
| RXO RXO | United States | $4.55B | +27% | +10% | 0% | 0.8× | n/a | n/a |
| CCC Intelligent Solutions CCC | United States | $4.54B | +50% | +11% | 18% | 5.0× | 11.2% | +10.8% |
| Maase MAAS | United States | $4.51B | +7% | -84% | -16% | 168.9× | n/a | n/a |
| BILL BILL | United States | $4.50B | +25% | +13% | 1% | 2.6× | 36.5% | +47.3% |
| Kingsoft 3888.HK | Hong Kong | $4.46B | +4% | 0% | 14% | 1.2× | -5.8% | +10.8% |
| Yonyou Network Technology 600588.SS | China | $4.72B | -21% | +4% | -16% | 3.7× | n/a | n/a |
| Tenable TENB | United States | $4.40B | +93% | +10% | 5% | 4.5× | 30.1% | +17.8% |
| OBIC Business Consultants 4733.T | Japan | $4.74B | +62% | +12% | 47% | 11.4× | 3.2% | +11.9% |
| HUB24 HUB.AX | Australia | $4.39B | -4% | +23% | 29% | 12.7× | 35.6% | +35.7% |
| Shanghai Stonehill Technology 002195.SZ | China | $4.77B | -34% | +11% | -25% | 35.3× | n/a | n/a |
| Asseco Poland ACP.WA | Poland | $4.85B | +31% | +2% | 11% | 1.2× | 4.0% | +6.6% |
| Sega Sammy 6460.T | Japan | $4.28B | +46% | +24% | 10% | 1.4× | -2.3% | +11.9% |
| Sportradar SRAD | United States | $4.22B | +4% | +25% | 13% | 2.4× | 11.3% | +25.8% |
| China National Software & Service 600536.SS | China | $4.22B | -20% | -16% | 0% | 6.2× | 49.7% | -7.3% |
| OPENLANE OPLN | United States | $4.22B | -9% | +13% | 17% | 3.1× | 11.1% | -2.4% |
| Beijing HyperStrong Technology 688411.SS | China | $4.99B | -29% | +38% | 12% | 2.5× | n/a | n/a |
| Kingdee International Software 0268.HK | Hong Kong | $4.16B | +3% | +17% | 2% | 3.5× | 45.4% | +15.0% |
| Sezzle SEZL | United States | $5.05B | +146% | +43% | 40% | 9.5× | 28.8% | +50.3% |
Planet Labs PBC reported $753M of remaining performance obligations at 31 Jul 2026, up 9% from a year earlier and down 8% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.46.