What is Planet Labs's interest coverage?

Planet Labs (PL) reported interest coverage of -24.5× in Q1 2026.

What does interest coverage mean?

How many times the company's operating profit covers its interest bill.

How do you interpret interest coverage?

Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.

How does interest coverage compare across companies?

Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.

Planet Labs PL Interest coverage

Interest coverage at other companies

Rocket Lab USA, Inc.RKLB

-7.8×-0.9×

Palantir Technologies Inc.PLTR

34.6×+22.5×

Datadog, Inc.DDOG

2×-1.5×

Schlumberger SLB

9×-1.9×

AST SpaceMobileASTS

-10.5×-4.0×

Lockheed MartinLMT

6.6×-0.4×

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 / equity0×0.0×

Current ratio2.8×+0.7×

Where this comes from

Calculated from Planet Labs’s reported figures.

ebit/interest expense=-24.5×

Based on trailing twelve months.

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 interest coverage?: Planet Labs (PL) reported interest coverage of -24.5× in Q1 2026.
What does interest coverage mean?: How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?: Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?: Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.