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Planet Labs PL Cash ratio

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Other financials

Income statement

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Revenue$94.2M+42.1%
Gross profit$50.4M+37.7%
Operating income-$34.9M-53.2%
Net income-$138.9M-1,000%
EPS (diluted)-$0.40-900%

Balance sheet

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Cash & equivalents$375.6M+158%
Total debt$40.5K-99.8%
Total equity$443.7M-0.3%
Total assets$1.3B+90.1%

Cash flow

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Operating cash flow$15.4M-11.0%
CapEx$17.3M+113%
Free cash flow-$1.9M-120%

Valuation

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Market cap$10.06B+1,164%
Enterprise value$9.69B+1,301%
P/S30×+26.8×

Profitability

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Gross margin55.5%-2.3pp
Operating margin-31.9%-6.1pp
Net margin-111.2%-293pp

Returns & leverage

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Return on equity-84%-133pp
Debt / equity0.0×
Current ratio2.8×+0.7×

Where this comes from

Calculated from Planet Labs’s reported figures.

Based on the most recent quarter.

The official record: Planet Labs’s 10-Q, filed June 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Planet Labs's cash ratio?
Planet Labs (PL) reported cash ratio of 1.2× in Q1 2026.
How has Planet Labs's cash ratio changed year-over-year?
Planet Labs's cash ratio increased by 31.8% year-over-year, from 0.9× to 1.2×.
What is the long-term trend for Planet Labs's cash ratio?
Over 4 years (2022 to 2026), Planet Labs's cash ratio has grown at a -6.1% compound annual growth rate (CAGR), from 6.1× to 4.8×.
What does cash ratio mean?
How much of its short-term bills the company could pay with cash on hand right now.
How do you interpret cash ratio?
A buffer against stress, but persistently high cash ratios can indicate under-deployed capital. Interpret alongside the company's capital-allocation strategy.
How does cash ratio compare across companies?
Varies widely by business model and treasury policy; best read against the company's own history.