What is Planet Labs's gross profit?

Planet Labs (PL) reported gross profit of $50.4M in Q1 2026.

How has Planet Labs's gross profit changed year-over-year?

Planet Labs's gross profit increased by 37.7% year-over-year, from $36.6M to $50.4M.

What is the long-term trend for Planet Labs's gross profit?

Over 4 years (2022 to 2026), Planet Labs's gross profit has grown at a 37.5% compound annual growth rate (CAGR), from $48.22M to $172.49M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Planet Labs PL Gross Profit

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Other financials

Income statement

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Revenue$94.2M+42.1%

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$9.28B+342%

Enterprise value$8.91B+351%

P/S27.7×+19.3×

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 / equity0×0.0×

Current ratio2.8×+0.7×

Where this comes from

Calculated from Planet Labs’s reported figures.

$94.2Mtotal revenue−$43.7Mtotal cost of revenue=$50.4M

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 gross profit?: Planet Labs (PL) reported gross profit of $50.4M in Q1 2026.
How has Planet Labs's gross profit changed year-over-year?: Planet Labs's gross profit increased by 37.7% year-over-year, from $36.6M to $50.4M.
What is the long-term trend for Planet Labs's gross profit?: Over 4 years (2022 to 2026), Planet Labs's gross profit has grown at a 37.5% compound annual growth rate (CAGR), from $48.22M to $172.49M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.