| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 24 | — | 17.8x | Bottom tier | |
Growth | 75 | 44.1% | 7.1% | Top tier | |
Quality | 30 | -14.2% | 4.5% | Bottom tier | |
Safety | 45 | — | 2.6x | Around median | |
Capital Return | 18 | — | 2.12% | Bottom tier | |
Momentum | 32 | 139.1% | 2.9% | Bottom tier | |
Sentiment | 43 | 5 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Planet Labs PBC operates an Earth observation platform that combines satellite fleets, imagery data, AI-powered analytics, and sovereign satellite services. The company generates revenue from annual and multi-year subscription contracts for data and solutions, and from satellite services that include sovereign ownership, direct access, managed operations, and dedicated capacity; recurring contracts represented 98% of annual contract value at the end of fiscal year 2027 Q2, while 94% of the portfolio consisted of annual or multi-year contracts.
In fiscal year 2027 Q2, Planet Labs reported record revenue of $116.1 million, up approximately 58% year over year, and EDGAR gross profit of $65.6 million, equivalent to a gross margin of approximately 56.5%, compared with a non-GAAP gross margin of 59%. Net loss was $9.4 million and earnings per share were negative $0.03, while the company generated adjusted EBITDA profit of $13.9 million.
The defense and intelligence segment led performance with growth exceeding 90% year over year, compared with more than 15% for the commercial segment and more than 5% for civil governments. Satellite services deliveries increased the share of revenue recognized at a point in time to 12% of quarterly revenue, compared with 1% in fiscal year 2026 Q2, and the delivery of the first Pelican satellite to the Swedish Armed Forces was a key factor in revenue exceeding expectations.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $35.86, within a wide range of $25 to $50, and the consensus rating is Buy; the average is approximately 31% below the 52-week range high of $51.76, while the highest target is close to that high. No positive price-to-earnings multiple is available as a basis because losses continue, including a net loss of $359.9 million during the twelve-month period ending in fiscal year 2027, so the valuation depends more heavily on converting growth and backlog into sustainable profits and cash flows and balancing that against dilution risk and quarterly revenue volatility.
Figures in the text are as of 2026-09-05; the live price is shown at the top of the page.
Revenue reached $116.1 million, up approximately 58% year over year, and the delivery of the first Pelican satellite to the Swedish Armed Forces was the main driver of the beat. Defense and intelligence grew by more than 90%, commercial by more than 15%, and civil governments by more than 5%. The satellite delivery increased revenue recognized at a point in time to 12% of quarterly revenue, compared with 1% in fiscal year 2026 Q2.
The company expects fiscal year 2027 revenue of $430 million to $441 million, equivalent to annual growth of 40% to 43%. It expects a non-GAAP gross margin of 55% to 57% and adjusted EBITDA profit of $3 million to $10 million. It also plans capital expenditures of $100 million to $115 million and is targeting positive adjusted free cash flow for the full fiscal year.
Planet Labs identified more than $4 billion in satellite services opportunities and classified more than 25% of them, or approximately $1 billion, as near-term opportunities measured in quarters. In August 2026, it secured a German tender with a potential ceiling of €25 million over five years, in addition to an $8 million NGA contract for GMS. However, these figures represent opportunities or maximum contract values rather than realized revenue, so their impact depends on conversion and execution rates.
The company's AI application moved into open beta in fiscal year 2027 Q2 and enables natural-language searches within a ten-year global archive of daily data. The application allows users to select the backend model, while Planet focuses on the value of its data, imagery, and calibration across different generations. Announced use cases include monitoring the construction of data centers and semiconductor factories, estimating sugar beet production in collaboration with FarmQA during the 2026 growing season, and detecting patterns and threats through GMS.
The company generated adjusted EBITDA profit of $13.9 million in fiscal year 2027 Q2, while free cash flow reached $21 million since the beginning of the fiscal year and adjusted free cash flow reached $29 million. In contrast, EDGAR data showed a quarterly net loss of $9.4 million and a net loss of $359.9 million during the twelve-month period ending in fiscal year 2027. Management expects adjusted EBITDA to return to a loss of $1 million to $6 million in Q3, while targeting a full-year adjusted profit of $3 million to $10 million.
Planet Labs raised approximately $120 million from share sales through its at-the-market program during fiscal year 2027 Q2, at an average net price of $31.96 per share, despite holding approximately $865 million in cash and short-term investments. Management said the capital is intended to provide strategic flexibility while seeking to minimize dilution, but any additional issuances could reduce existing shareholders' ownership stakes. At the same time, the company plans capital expenditures of $100 million to $115 million in fiscal year 2027 to expand manufacturing, accelerate Pelican and Owl, and secure long-lead-time components.
