Cost of Revenue

Total Cost of Revenue

Planet Labs Total Cost of Revenue increased by 14.8% to $39.79M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 70.5%, from $23.34M to $39.79M. Over 4 years (FY 2022 to FY 2026), Total Cost of Revenue shows an upward trend with a 13.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryProfitability
SignalLower is better
VolatilityStable
First reportedQ1 2020
Last reportedQ4 2026Mar 23, 2026

How to read this metric

An increase relative to revenue suggests rising production costs or margin compression, while a decrease suggests improved operational efficiency.

Detailed definition

Total cost of revenue includes the direct costs attributable to the production of goods or the delivery of services sold...

Peer comparison

Varies by industry; for medical device manufacturers, this includes significant manufacturing and supply chain costs.

Metric ID: total_cost_of_revenue

Historical Data

20 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
Value$19.13M$19.82M$20.81M$23.23M$23.63M$24.98M$24.73M$23.92M$24.56M$27.47M$29.35M$26.37M$28.76M$28.78M$23.75M$23.34M$29.66M$31.12M$34.67M$39.79M
QoQ Change+3.6%+5.0%+11.6%+1.7%+5.7%-1.0%-3.3%+2.7%+11.9%+6.8%-10.1%+9.0%+0.1%-17.5%-1.7%+27.1%+4.9%+11.4%+14.8%
YoY Change+23.5%+26.0%+18.8%+2.9%+3.9%+10.0%+18.7%+10.3%+17.1%+4.8%-19.1%-11.5%+3.1%+8.1%+46.0%+70.5%
Range$19.13M$39.79M
CAGR+16.7%
Avg YoY Growth+14.6%
Median YoY Growth+10.1%
Current Streak4 quarters growth

Business Segments

View all
SegmentQ1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q1 '26Q2 '26
Reportable Segment$15.61M$15.61M$15.61M$15.61M$17.06M$16.13M$19.15M$20.59M
Total$24.56M$27.47M$29.35M$26.37M$28.76M$28.78M$29.66M$31.12M

Reportable Segment was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.

Frequently Asked Questions

What is Planet Labs's total cost of revenue?
Planet Labs (PL) reported total cost of revenue of $39.79M in Q4 2025.
How has Planet Labs's total cost of revenue changed year-over-year?
Planet Labs's total cost of revenue increased by 70.5% year-over-year, from $23.34M to $39.79M.
What is the long-term trend for Planet Labs's total cost of revenue?
Over 4 years (2022 to 2026), Planet Labs's total cost of revenue has grown at a 13.0% compound annual growth rate (CAGR), from $82.99M to $135.24M.
What does total cost of revenue mean?
The direct costs incurred to produce the goods or services that a company sold during a specific period.