(PL) Planet Labs PBC - Overview

Sector: Industrials | Industry: Aerospace & Defense | Exchange: NYSE (USA) | Market Cap: 15.165m USD | Total Return: 1017.1% in 12m

Satellite Imagery, Geospatial Data, Data Analytics, Satellite Manufacturing
Total Rating 54
Safety 43
Buy Signal 0.51
Aerospace & Defense
Industry Rotation: +12.9
Market Cap: 15.2B
Avg Turnover: 347M
Risk 3d forecast
Volatility79.6%
VaR 5th Pctl12.2%
VaR vs Median-8.33%
Reward TTM
Sharpe Ratio2.75
Rel. Str. IBD99.7
Rel. Str. Peer Group99.5
Character TTM
Beta2.476
Beta Downside1.497
Hurst Exponent0.425
Drawdowns 3y
Max DD65.51%
CAGR/Max DD1.82
CAGR/Mean DD3.64
EPS (Earnings per Share) EPS (Earnings per Share) of PL over the last years for every Quarter: "2021-04": -0.34, "2021-07": -0.01, "2021-10": -0.1394, "2022-01": -0.26, "2022-04": -0.17, "2022-07": -0.15, "2022-10": -0.15, "2023-01": -0.14, "2023-04": -0.13, "2023-07": -0.07, "2023-10": -0.05, "2024-01": -0.06, "2024-04": -0.05, "2024-07": -0.06, "2024-10": -0.02, "2025-01": -0.08, "2025-04": -0.0421, "2025-07": -0.03, "2025-10": -0.1914, "2026-01": -0.4804,
Last SUE: -4.00
Qual. Beats: -2
Revenue Revenue of PL over the last years for every Quarter: 2021-04: 31.957, 2021-07: 30.406, 2021-10: 31.7, 2022-01: 37.146, 2022-04: 40.127, 2022-07: 48.45, 2022-10: 49.704, 2023-01: 52.975, 2023-04: 52.703, 2023-07: 53.761, 2023-10: 55.38, 2024-01: 58.852, 2024-04: 60.44, 2024-07: 61.092, 2024-10: 61.266, 2025-01: 61.554, 2025-04: 66.265, 2025-07: 73.386, 2025-10: 81.254, 2026-01: 86.822,
Rev. CAGR: 14.20%
Rev. Trend: 97.4%
Last SUE: 2.61
Qual. Beats: 4

Warnings

Interest Coverage Ratio -36.4 is critical

Altman Z'' -4.68 < 1.0 - financial distress zone

Tailwinds

Shakeout, Rs Leader, Idiosyncratic Leader, Tailwind

Description: PL Planet Labs PBC

Planet Labs PBC (PL) operates a vertically integrated satellite imagery business, managing the design, construction, and deployment of proprietary satellite constellations. The company utilizes three primary satellite tiers-SuperDove, SkySat/Pelican, and Tanager-to provide high-cadence geospatial data. These assets deliver daily global monitoring at 3.5-meter resolution and high-resolution tasking at 50 centimeters, serving diverse sectors including agriculture, government, and finance.

The business model relies on a Data-as-a-Service (DaaS) framework, where proprietary imagery is delivered via an automated cloud platform and API. This recurring revenue model is common in the Earth Observation (EO) sector, which is currently transitioning from one-off government contracts to scalable commercial subscriptions. Planet Labs also generates revenue through satellite services, which include mission engineering and ground station management for third-party operators.

Investors looking for deeper financial metrics and valuation models can find comprehensive data on ValueRay.

Headquartered in San Francisco, Planet Labs maintains a competitive position by combining its high-frequency always-on scanning capabilities with hyperspectral imaging. The integration of visible and shortwave infrared data allows the company to provide scientific-grade analytics for environmental monitoring and infrastructure management.

Headlines to Watch Out For
  • Expansion of government defense contracts and intelligence agency data subscriptions
  • High fixed launch costs and capital expenditures impact path to profitability
  • Transition to high-margin automated imagery analytics and software services revenue
  • Adoption of Pelican and Tanager satellite constellations for high-resolution tasking
  • Macroeconomic pressure on commercial sector spending for geospatial data insights
Piotroski VR-10 (Strict) 4.0
Net Income: -246.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 15.78 > 1.0
NWC/Revenue: 99.41% < 20% (prev 65.54%; Δ 33.87% < -1%)
CFO/TA 0.12 > 3% & CFO 134.4m > Net Income -246.9m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.65 > 1.5 & < 3
Outstanding Shares: last quarter (317.4m) vs 12m ago 7.06% < -2%
Gross Margin: 56.05% > 18% (prev 0.57%; Δ 5.55k% > 0.5%)
Asset Turnover: 34.59% > 50% (prev 38.55%; Δ -3.97% > 0%)
Interest Coverage Ratio: -36.41 > 6 (EBITDA TTM -53.2m / Interest Expense TTM 2.61m)
Altman Z'' -4.68
A: 0.27 (Total Current Assets 775.4m - Total Current Liabilities 469.5m) / Total Assets 1.15b
B: -1.27 (Retained Earnings -1.45b / Total Assets 1.15b)
C: -0.11 (EBIT TTM -95.1m / Avg Total Assets 889.7m)
D: -1.51 (Book Value of Equity -1.44b / Total Liabilities 957.3m)
Altman-Z'' = -4.68 = D
Beneish M -3.25
DSRI: 1.19 (Receivables 83.5m/55.8m, Revenue 307.7m/244.4m)
GMI: 1.02 (GM 56.05% / 57.18%)
AQI: 0.60 (AQ_t 0.18 / AQ_t-1 0.30)
SGI: 1.26 (Revenue 307.7m / 244.4m)
TATA: -0.33 (NI -246.9m - CFO 134.4m) / TA 1.15b)
Beneish M = -3.25 (Cap -4..+1) = AA
What is the price of PL shares?

As of May 26, 2026, the stock is trading at USD 44.35 with a total of 9,784,600 shares traded.
Over the past week, the price has changed by +6.56%, over one month by +25.11%, over three months by +80.06% and over the past year by +1017.13%.

Is PL a buy, sell or hold?

Planet Labs PBC has received a consensus analysts rating of 4.45. Therefore, it is recommended to buy PL.

  • StrongBuy: 7
  • Buy: 2
  • Hold: 2
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the PL price?
Analysts Target Price 35.5 -20%
Planet Labs PBC (PL) - Fundamental Data Overview as of 23 May 2026
Market Cap USD = 15.2b (15.2b USD * 1.0 USD.USD)
P/S = 49.2792
P/B = 80.6859
Revenue TTM = 307.7m USD
EBIT TTM = -95.1m USD
EBITDA TTM = -53.2m USD
Long Term Debt = 446.9m USD (from longTermDebt, last quarter)
Short Term Debt = 7.30m USD (from shortTermDebt, last quarter)
Debt = 478.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 15.6m
Net Debt = 248.6m USD (calculated: Debt 478.1m - CCE 229.4m)
Enterprise Value = 15.4b USD (15.2b + Debt 478.1m - CCE 229.4m)
Interest Coverage Ratio = -36.41 (Ebit TTM -95.1m / Interest Expense TTM 2.61m)
EV/FCF = 273.2x (Enterprise Value 15.4b / FCF TTM 56.4m)
FCF Yield = 0.37% (FCF TTM 56.4m / Enterprise Value 15.4b)
FCF Margin = 18.33% (FCF TTM 56.4m / Revenue TTM 307.7m)
Net Margin = -80.22% (Net Income TTM -246.9m / Revenue TTM 307.7m)
Gross Margin = 56.05% ((Revenue TTM 307.7m - Cost of Revenue TTM 135.2m) / Revenue TTM)
Gross Margin QoQ = 54.17% (prev 57.33%)
Tobins Q-Ratio = 13.45 (Enterprise Value 15.4b / Total Assets 1.15b)
Interest Expense / Debt = 0.55% (Interest Expense 2.61m / Debt 478.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = -75.1m (EBIT -95.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.65 (Total Current Assets 775.4m / Total Current Liabilities 469.5m)
Debt / Equity = 2.54 (Debt 478.1m / totalStockholderEquity, last quarter 188.4m)
 Debt / EBITDA = -4.67 (negative EBITDA) (Net Debt 248.6m / EBITDA -53.2m)
 Debt / FCF = 4.41 (Net Debt 248.6m / FCF TTM 56.4m)
Total Stockholder Equity = 354.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -27.75% (Net Income -246.9m / Total Assets 1.15b)
RoE = -13.68% (Net Income TTM -246.9m / Total Stockholder Equity 1.80b)
RoCE = -4.22% (EBIT -95.1m / Capital Employed (Equity 1.80b + L.T.Debt 446.9m))
 RoIC = -16.54% (negative operating profit) (NOPAT -75.1m / Invested Capital 454.1m)
 WACC = 14.25% (E(15.2b)/V(15.6b) * Re(14.69%) + D(478.1m)/V(15.6b) * Rd(0.55%) * (1-Tc(0.21)))
Discount Rate = 14.69% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 100.00 | Cagr: 5.03%
[DCF] Terminal Value 57.65% ; FCFF base≈56.4m ; Y1≈56.6m ; Y5≈60.0m
[DCF] Fair Price = 0.65 (EV 466.1m - Net Debt 248.6m = Equity 217.5m / Shares 332.9m; r=14.25% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -4.0 | # QB: -2
Revenue Correlation: 97.37 | Revenue CAGR: 14.20% | SUE: 2.61 | # QB: 4
EPS current Quarter (2026-07-31): EPS=-0.03 | Chg30d=N/A | Revisions=-56% | Analysts=5
EPS current Year (2027-01-31): EPS=-0.11 | Chg30d=+0.00% | Revisions=-43% | GrowthEPS=-170.0% | GrowthRev=+39.0%
EPS next Year (2028-01-31): EPS=-0.02 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+79.2% | GrowthRev=+32.1%
[Analyst] Revisions Ratio: -56%