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Planet Labs PL Q2 2027 earnings

Reported September 3, 2026 · After market close

Revenue$116.1MBeat by $11.5M
EPS$0.02Beat by $0.04
Revenue estimate$104.5M
EPS estimate-$0.02
“Planet delivered an outstanding second quarter, with record revenue of $116.1 million, representing 58% year-over-year growth and our fourth consecutive quarter of meeting or exceeding the Rule of 40. The team continues to demonstrate strong execution, highlighted by our satellite handover for the Swedish Armed Forces and landmark contract wins in August with the NGA and the German government. We've seen incredible traction in satellite services and our pipeline has continued to expand. To capture this momentum, our strategy pairs AI-enabled analytics with sovereign satellite services, merging our core growth vectors into an even more powerful offering.”
Will Marshall

Next report

Dec 9, 2026 (in 2 months)
Revenue estimate$104.3M
EPS estimate-$0.02

Financials

Q2 2027

Income statement

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Revenue$116.1M+58.1%
Gross profit$65.6M+55.3%
Operating income-$13.5M+24.8%
Net income-$9.4M+58.6%
EPS (diluted)-$0.03+57.1%

Balance sheet

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Cash & equivalents$423.6M+120%
Total debt$50.4K-99.7%
Total equity$564.4M+29.5%
Total assets$1.4B+105%

Cash flow

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Operating cash flow$52.9M-21.9%
CapEx$27.3M+34.8%
Free cash flow$25.6M-46.1%

Valuation & ratios

Valuation

as of 10/09/26
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Market cap$6.25B+29.7%
Enterprise value$5.83B+25.5%
P/S16.5×-1.8×

Profitability

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Gross margin55.4%-3.5pp
Operating margin-27.2%-3.3pp
Net margin-95.1%-220pp
FCF margin6.8%-6.7pp

Returns & leverage

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Return on equity-72%-117pp
Debt / equity0×0.0×
Current ratio2.8×+1.1×

Segments

By geography

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EMEA$55.2M+135%
North America$39.0M+25.5%
Asia Pacific And Japan$19.1M+18.2%
Latin America$2.7M+2.5%

FAQ

When did Planet Labs report Q2 2027 earnings?
Planet Labs (PL) reported Q2 2027 earnings on September 3, 2026 after market close.
What were Planet Labs's Q2 2027 revenue and EPS?
Planet Labs reported revenue of $116.1M and eps of $0.02 for Q2 2027.
Did Planet Labs beat estimates in Q2 2027?
Revenue beat the consensus estimate of $104.5M by $11.5M. EPS beat the consensus estimate of $-0.02 by $0.04.
How did Planet Labs's Q2 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 58.1% from $73.4M a year earlier.
Where can I find Planet Labs's Q2 2027 SEC filings?
You can read the 8-K earnings release (0001193125-26-381874) and the 10-Q periodic report (0001193125-26-382016) directly on SEC EDGAR. The filing index links above go to sec.gov.