Planet Labs

Planet Labs PBC provides daily data and insights about earth. It offers a web-geo platform with satellite data available and foundational analytics to derive insights to make decisions. The company is founded by William S. Marshall and Robert H. Schingler in 2010 and is headquartered in San Francisco, CA.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

PL (PL) reports solid Q1 results but revises guidance

PL (PL) reported solid Q1 financial results but faced headwinds in April and May, leading to a revision of guidance for the year. The company is streamlining and focusing on high ROI business areas, while challenges include elongated sales cycles and government budget constraints. Opportunities lie in leveraging unique data for AI applications and being a natural consolidator in the data business.

Planet Labs PBC reports 11% revenue growth, faces deal closure delays

Planet Labs PBC reported strong revenue growth and exceeded non-GAAP gross margin expectations. However, challenges include delays in deal closures and a reduction in the revenue forecast due to delays in large government opportunities. The company is focusing on organizational changes, product developments, and cost-cutting measures to drive sustainable long-term growth and profitability.

Planet Labs PBC Reports Record Q3 Revenue and Government Market Strength

Planet Labs PBC achieved record revenue and demonstrated strength in government markets, while facing challenges in extended sales cycles and macro-driven headwinds in the commercial market. The company is focused on driving higher growth rates and improving execution to capitalize on a diverse global pipeline of opportunities.

Planet Labs exceeds targets, eyes profitability amid strategic acquisitions

Planet Labs delivered robust financial performance, highlighted by revenue growth and strategic acquisitions. Challenges include achieving profitability and managing legacy contracts. Opportunities exist in government sectors, expanding customer base, and disciplined financial management.

Planet Labs reports robust Q1 earnings, eyes AI for growth

Planet Labs' Q1 performance reflects strong revenue growth and margin expansion, supported by diverse customer base and strategic partnerships.
While facing challenges from recent headwinds and elongated sales cycles, the company is optimistic about leveraging AI and sustainability for growth.
Efforts to reduce expenses and prioritize key investments signal a strategic focus on profitability and sustainable growth for Planet Labs.

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BlackSky Technology

Maxar Technologies

Three satellite imaging companies are in line to receive billions of dollars from the National Reconnaissance Office over the next decade, thanks to a string of contracts announced today.

NRO strikes multibillion-dollar deals with BlackSky, Maxar and Planet for spy satellite imagery

Communications and networking companies Maxar Technologies Inc (NYSE:MAXR), Blacksky Technology Inc (NYSE:BKSY), and Planet Labs PBC (NYSE:PL) were each awarded multi-year contracts with the National Reconnaissance Office, an agency within the U.S. Department of Defense.

Bulls Orbiting 3 Satellite Names on Defense Contract Buzz

A massive contract from the National Reconnaissance Organization will put billions in the pockets of new and established Earth observation companies BlackSky and Planet, and the more generalist Maxar. The “Electro-Optical Commercial Layer” contracts will be paid out over the next 5-10 years.

Spy agency pumps billions into orbital imagery companies BlackSky, Maxar and Planet

Specific financial terms weren't disclosed, but the National Reconnaissance Office said the deal is its largest-ever commercial imagery contract.

Satellite stocks Maxar, BlackSky and Planet Labs soar as Pentagon spy agency awards multibillion-dollar deal

Planet Labs PBC (NYSE: PL) shares are trading higher Wednesday after the company announced it was awarded an Electro-Optical Commercial Layer contract by the U.S. National Reconnaissance Office (NRO). The contract will allow the NRO to access Planet's high and medium.

Why Is Planet Labs Stock Surging Today?

And why BlackSky and Maxar Technologies are both joining Planet up there.

Why Planet Labs Stock Went to the Moon Today

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that the National Reconnaissance Office (NRO) has selected Planet Labs Federal, Inc. (Planet Federal), Planet's wholly owned subsidiary, for an award to the Electro-Optical Commercial Layer (EOCL) contract. EOCL is the U.S. government's industry-defining procurement vehicle for unclassified commercial satellite imagery and represents the Federal government's sig

US Government Awards Planet EOCL Contract

The National Reconnaissance Office announced contracts worth billions over the next decade to satellite imagery companies Maxar, Planet and BlackSky.

National Reconnaissance Office announces satellite imagery contracts worth billions to Maxar, Planet and BlackSky

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that their PlanetScope data is now available through Leaf, an agricultural data infrastructure company. Through Leaf's imagery service, developers can access Planet's satellite imagery to better inform their agricultural products. Leaf's unified farm data API helps streamline farm data integrations into a standardized format. With Leaf, software developers build

Planet and Leaf Partner to Provide Agricultural Insights For Developers

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal first quarter 2023 financial results for the quarter ended April 31, 2022, after market close on Tuesday, June 14, 2022. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference call, which wi

Planet to Announce Fiscal First Quarter 2023 Results on Tuesday, June 14, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Jim Thomason, Vice President of Imagery Products at Planet, will present at the 17th Annual Needham Technology & Media Conference on May 16th, 2022, at 3:00 p.m. Eastern Time. The virtual “fireside chat” will be moderated by Ryan Koontz, Managing Director at Needham & Company, LLC. To access the live virtual webcast, please use the following link: h

Planet To Present at the 17th Annual Needham Technology & Media Conference on May 16th, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today unveiled details about plans for Pelican, its next-generation satellite constellation, which was previously announced at Planet Explore 2021. Pelican is designed to rapidly capture changing events as they unfold and to provide a leap forward in capabilities for Planet customers – from higher revisit frequency and higher spatial resolution, to faster data access and delive

Planet Unveils Details About Pelican

BERLIN--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Planet's PlanetScope and SkySat data have joined the European Space Agency (ESA) Third Party Missions portfolio, enabling ESA to utilize Planet data for scientific, research, and pre-operational Earth Observation based applications development. Through distribution under the ESA Earthnet Programme, European researchers, scientists, and companies can access Planet'

Planet Joins ESA Third Party Mission Programme for Open Access to High-Frequency, High-Resolution Imagery

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new partnership with a group of interconnected research programs at the University of Alberta, Yukon University, Université Laval, and the University of Calgary, researching biodiversity, regeneration, and human impact in the Canadian Boreal Forest. Leveraging Planet's satellite data, these research programs, including the Boreal Avian Modeling Project (BAM),

Planet Partners with Canadian Universities to Research Biodiversity, Regeneration, and Human Impact in Boreal Forests

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, has partnered with SynMax, a Houston-based satellite analytics and intelligence company, to provide data-informed insights on the energy industry within the United States and monitor the movements of dark vessels around the globe. With Planet's daily PlanetScope imagery, SynMax monitors the location of hundreds of well pads for hydraulic fracturing and the ongoing activity at t

Planet Partners with SynMax to Provide Energy Intelligence and Monitor Dark Vessels

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the release of Planetary Variables, a new product offering consisting of three pre-processed, accurate data feeds that measure the conditions of dynamic systems on the surface of the Earth. The three Planetary Variables feeds consist of Soil Water Content, Land Surface Temperature, and Vegetation Biomass Proxy to help customers make informed decisions in industr

Planet Releases Planetary Variables, Delivering Solutions for Soil Water Content, Land Surface Temperature, and Vegetation Biomass

The company is seeing steady improvements, but that doesn't mean investors have to get in today.

Is This Leading Space Stock Worth Buying Today?

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today shared a recent initiative supporting European green agricultural policies with Living Wales, a Welsh government-sponsored research project led by Aberystwyth University. Living Wales is leveraging insights from Planet's historical and real-time satellite data to model future landscape scenarios and monitor progress against them. This data is helping to inform Wales' land

Welsh Government-Sponsored Living Wales Research Project Leverages Planet Data For Green Agricultural Policies

Investors were thrilled to see Planet ahead of plan in 2021 -- but what about the next year?

Why Planet Labs Stock Is Going to the Moon Friday

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today shared a recent project tackling deforestation in Cambodia with Amnesty International, an international non-governmental organization focused on human rights. With Planet's daily satellite monitoring capabilities, Amnesty International is working to identify and shed light on environmental and human rights abuses in the region. Using Planet's datasets, Amnesty Internation

Amnesty International Partners With Planet to Tackle Deforestation in Cambodia

Planet Labs PBC (PL) CEO Will Marshall on Q4 2022 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for its fiscal fourth quarter and full year ended January 31, 2022, demonstrating accelerating growth and the momentum of its unique data subscription business. “We scaled the business to over $131 million for the fiscal year ended January 31, 2022, accelerating topline growth and significantly expanding gross margin

Planet Reports Financial Results for Fourth Quarter and Full Year of Fiscal 2022

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