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Planet Labs PL Convertible Notes Payable

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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$8.1B+322%
Enterprise value$7.72B+343%
P/S24.1×+16.8×

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:ConvertibleNotesPayable.

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
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
Total liabilities807,727957,255
Commitments and contingencies (Note 8)
Stockholders’ equity

Item 1. Financial Statements.

FAQ

What is Planet Labs's convertible notes payable?
Planet Labs (PL) reported convertible notes payable of $447.57M in Q1 2026.
What does convertible notes payable mean?
This represents debt instruments that can be converted into a predetermined number of common shares at the option of the holder. It is a form of financing that combines debt characteristics with equity upside potential for the investor.

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