Planet Labs PBC · Q4 2026 earnings

Briefing

Planet Labs reported fiscal Q4 2026 revenue of $86.8M (+41% YoY) with a GAAP net loss of $152.5M and diluted EPS of ($0.48).

Fourth-quarter revenue rose 41% year over year to a record $86.8 million. GAAP net loss was $152.5 million, including roughly $122.6 million from warrant liability revaluation tied to stock price appreciation; diluted EPS was ($0.48) versus ($0.12) a year ago. Non-GAAP net loss per diluted share was breakeven at ($0.00), and adjusted EBITDA profit was $2.3 million. Full fiscal 2026 revenue reached $307.7 million (+26%), with first-ever full-year adjusted EBITDA and free cash flow profitability and $640 million of cash and short-term investments. Backlog exceeded $900 million, up 79% year over year.

• Q4 revenue $86.8M (+41% YoY); full-year revenue $307.7M (+26%).
• Q4 GAAP net loss $152.5M; diluted EPS ($0.48); non-GAAP EPS ($0.00).
• Q4 adjusted EBITDA profit $2.3M; FY26 adjusted EBITDA profit $15.5M.
• Backlog over $900M (+79% YoY); 98% recurring ACV mix.
• FY26 operating cash flow $134.4M and free cash flow $52.9M; cash $640.1M.

Headline financials

Revenue & EPS history

For fiscal Q1 2027 Planet expects revenue of $87–$91 million, non-GAAP gross margin of 49–51%, and adjusted EBITDA loss of ($6)M to ($3)M. For full fiscal 2027 management projects revenue of $415–$440 million, non-GAAP gross margin of 50–52%, adjusted EBITDA profit of $0–$10 million, and capital expenditures of $80–$95 million.