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Planet Labs PL Contract Liabilities

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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-0.2%
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$7.67B+287%
Enterprise value$7.3B+303%
P/S22.9×+15.3×

Profitability

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Gross margin55.5%-2.3pp
Operating margin-31.9%-6.1pp
Net margin-111.2%-293pp
FCF margin14.2%+9.4pp

Returns & leverage

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

Where this comes from

Reported directly by Planet Labs in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The source filing: Planet Labs’s 10-Q, filed June 5, 2026.

Filed
Jun 5, 2026, 6:08 AM EDT
Fiscal quarter
Q4 FY2027
Calendar quarter
Q1 2027
Accession
0001193125-26-258304
(in thousands, except share and par value amounts)April 30, 2026January 31, 2026
Operating lease liabilities, current3,3927,296
Public and private placement warrant liabilities173,308
Total current liabilities302,549469,455
Deferred revenue16,24027,522
Deferred hosting costs3,2104,034
Operating lease liabilities, non-current37,0748,300
Convertible notes447,569446,884
Other non-current liabilities1,0851,060

Item 1. Financial Statements.

FAQ

What is Planet Labs's contract liabilities?
Planet Labs (PL) reported contract liabilities of $16.24M in Q1 2026.
How has Planet Labs's contract liabilities changed year-over-year?
Planet Labs's contract liabilities decreased by 45.3% year-over-year, from $29.68M to $16.24M.
What is the long-term trend for Planet Labs's contract liabilities?
Over 5 years (2021 to 2026), Planet Labs's contract liabilities has grown at a 12.7% compound annual growth rate (CAGR), from $15.12M to $27.52M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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