Planet Labs reported QQ2 2026 revenue of $73.386 million, up 20.12% year over year and 10.75% quarter over quarter, signaling solid demand for high-cadence geospatial data and analytics. Gross profit of $42.268 million produced a gross margin of 57.6%, reflecting favorable product mix and processing leverage. Yet the quarter remained GAAP-unprofitable, with operating income of -$16.996 million and net income of -$22.592 million; EBITDA was -$11.473 million, highlighting that the company continues to incur meaningful operating costs as it scales R&D, platform development, and go-to-market activity.
Key Performance Indicators
Revenue
Increasing
73.39M
QoQ: 10.75% | YoY: 20.12%
Gross Profit
Increasing
42.27M
57.60% margin
QoQ: 15.48% | YoY: 26.20%
Operating Income
Increasing
-17.00M
QoQ: 25.36% | YoY: 57.06%
Net Income
Increasing
-22.59M
QoQ: -78.90% | YoY: 41.57%
EPS
Increasing
-0.07
QoQ: -76.48% | YoY: 42.85%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $73.386 million (YoY +20.12%, QoQ +10.75%). Gross Profit: $42.268 million; Gross Margin: 57.60% (YoY +26.20%, QoQ +15.48%). Operating Income: -$16.996 million; Operating Margin: -23.16% (YoY improvement in rate but still negative). Net Income: -$22.592 million; Net Margin: -30.78% (YoY +41.57%, QoQ -78.90%). EBITDA: -$11.473 million; EBITDA Margin: -15.63%. EPS: -$0.0743 (YoY +42.85%, QoQ -76.48%). Weighted Avg Shares: 304.129 million. Cash Flow: Net cash from operating activities $67.774 million; Free cash flow $49.329 million. Capex: $18.445 million; Free cash flow yield remains favorable relative to earnings power. Balance Sheet: Cash & equivalents $187.403 million; Short-term investments $90.450 million; Total cash & equivalents/investments $277.853 million. Total current assets $355.463 million; PPE net $147.387 million; Goodwill $138.644 million; Intangible assets $26.624 million; Total assets $696.425 million; Total current liabilities $203.491 million; Long-term debt $18.278 million; Total liabilities $260.736 million; Total stockholders’ equity $435.689 million. Notably, the dataset shows a net debt figure of -$169.861 million, implying net cash, though there is an inconsistency between reported cash/debt items and the stated net debt in the file.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
73.39M
20.12%
10.75%
Gross Profit
42.27M
26.20%
15.48%
Operating Income
-17.00M
57.06%
25.36%
Net Income
-22.59M
41.57%
-78.90%
EPS
-0.07
42.85%
-76.48%
Key Financial Ratios
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