Income StatementBalance SheetCash FlowSegments
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Planet Labs Cash Flow Statement

Operating, investing, and financing cash movements

Planet Labs generated $134.4M in operating cash flow over the trailing twelve months. After $76.7M in capital expenditures, free cash flow was $58.6M. Free cash flow increased 2.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$134.4MNet Cash From Investing (TTM)-$393.1MNet Cash From Financing (TTM)$388.1MCapital Expenditures (TTM)$76.7MDepreciation And Amortization Cf (TTM)$41.8MNet Change In Cash (TTM)$42.1M
Latest FilingQ1 2026
Report Date2026-03-23
Market Cap$18.3B
ROE-78.4%

Financing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Payment for contingent consideration liability (financing)$7.5M$0.0$4.8M———
Debt Borrowings, Net of Issuance Costs—$0.0$112.2M$112.2M$112.2M$112.2M
Proceeds from warrant exercises—$0.0———$4.8M
Payment for Contingent Consideration (Financing)$7.5M$0.0$4.8M———
Proceeds from issuance of debt—$0.0$112.2M$112.2M$112.2M$112.2M
Payment Of Indemnification Holdback For Business Acquisition—$0.0$1.3M$1.3M$1.3M$1.3M
Payments Of Debt Issuance Costs—$0.0$732.3K$732.3K$732.3K$732.3K
Other, net-$266.0K-$132.0K-$2.4M-$138.0K-$138.0K-$138.0K
Proceeds from issuance of common stock relating to employee stock plans$381.0K$466.0K$346.0K$817.0K$688.0K$951.0K
Purchase Of Capped Call Transactions—$0.0——$39.6M—
Proceeds from Debt Financing, Net of Issuance Costs—$0.0$112.2M$112.2M$112.2M$112.2M
Payment of Deferred Purchase Consideration$7.5M$0.0$4.8M———
Noncontrolling interest transactions and other-$266.0K-$132.0K-$2.4M-$138.0K-$138.0K-$138.0K
Net cash from financing activities-$10.2M-$233.0K-$9.2M-$1.0M$398.3M$0.0
Other financing activities$7.5M$0.0$4.8M———
Payment of debt issuance costs—$0.0$732.3K$732.3K$732.3K$732.3K
Noncontrolling Interests Activity and Other-$266.0K-$132.0K-$2.4M-$138.0K-$138.0K-$138.0K
Proceeds from issuance of common stock$32.0K$4.0M$3.0M$5.5M$11.5M$7.8M
Taxes paid for net share settlement$2.8M$4.6M$5.3M$7.2M$15.9M$44.4M

Investing

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Acquisitions, net of cash acquired——$0.0$0.0$0.0$5.4M
Sales of short-term available-for-sale investments$12.1M$30.2M$582.0K$8.7M$23.8M$150.0K
Capital expenditures$7.6M$11.6M$8.1M$20.3M$26.7M$21.6M
Payments for Software$1.2M$1.2M$1.2M$1.2M$978.0K$1.4M
Payment for (Proceeds from) Other Investing Activity——$0.0$0.0$0.0$0.0
Payments to Acquire Intangible Assets$266.0K$227.0K$621.0K$271.0K$261.0K$298.0K
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$10.2M$4.4M$11.1M$16.0M$17.9M$45.0M
Sale of investments$12.1M$30.2M$582.0K$8.7M$23.8M$150.0K
Net cash from investing activities——$1.7M-$19.4M-$171.0M-$204.4M
Other investing activities——$0.0$0.0$0.0$0.0
Proceeds from maturities/sales of investments$12.1M$30.2M$582.0K$8.7M$23.8M$150.0K
Purchases of intangible assets$266.0K$227.0K$621.0K$271.0K$261.0K$298.0K
Purchases of investments$23.9M$34.7M$0.0$22.4M$184.8M$220.9M
Payments for Deposits$266.0K$227.0K$621.0K$271.0K$261.0K$298.0K

Supplemental

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Capital expenditures incurred but not yet paid$179.5K$179.5K$1.3M$1.3M$1.3M$1.3M
Capital expenditures incurred but not yet paid$179.5K$179.5K$1.3M$1.3M$1.3M$1.3M
Capital Expenditures Incurred but Not Yet Paid$179.5K$179.5K$1.3M$1.3M$1.3M$1.3M

Operating

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Change in accounts payable-$11.8M-$5.6M-$8.9M$4.6M-$6.0M$24.1M
Change in accounts receivable-$5.5M$17.5M$21.2M-$23.5M-$5.0M$37.6M
Change in deferred revenue$1.2M$15.5M$42.1M$33.7M$20.8M$54.4M
Change in inventories$0.0$0.0$152.3K$152.3K$152.3K$152.3K
Change in other assets-$7.2M$0.0-$1.3M$982.0K-$780.0K$12.2M
Other working capital changes——$1.2M$309.0K$234.0K—
Change in fair value of contingent consideration$1.2M$276.0K-$41.0K$717.0K$1.4M—
Depreciation and amortization$10.1M$9.3M$11.1M$10.6M$9.9M$10.2M
Net cash from operating activities—-$6.3M$17.3M$67.8M$28.6M$20.6M
Net income-$20.1M-$35.2M-$12.6M-$22.6M-$59.2M-$152.5M
Contingent consideration fair value adjustments$1.2M$276.0K-$41.0K$717.0K$1.4M—
Increase Decrease In Deferred Hosting Costs-$1.3M-$1.3M$2.3M-$1.3M-$1.3M-$1.3M
Increase (Decrease) in Prepaid Expense and Other Assets-$7.2M$0.0-$1.3M$982.0K-$780.0K$12.2M
Fair Value Adjustment of Warrants-$198.0K$16.2M-$10.4M$5.7M$43.5M$122.6M
Stock-based compensation$11.8M$12.0M$12.5M$13.5M$13.5M$15.5M

Free Cash Flow

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Free cash flow-$3.6M-$17.9M$9.2M$47.5M$1.9M$0.0

Other

MetricQ3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Effect of exchange rate changes on cash$108.0K-$275.0K$5.7M$0.0$853.0K$734.0K
Contingent consideration (receivable) payable - financing activities$7.5M$0.0$4.8M———
Net increase (decrease) in cash——$15.6M$47.3M$256.7M—
Issuance of convertible securities related to acquisitions$0.0$0.0$0.0$0.0$0.0$0.0
Accrued payables for capital expenditures$179.5K$179.5K$1.3M$1.3M$1.3M$1.3M
Transfer of inventory to property, plant and equipment$0.0$0.0$1.4M$1.4M$1.4M$1.4M
Issuance of common stock for the acquisition of Ansys$0.0$0.0$0.0$0.0$0.0$0.0