Planet Labs PL Unrecognized Tax Benefits
Unrecognized Tax Benefits at other companies
Other financials
Where this comes from
Reported directly by Planet Labs in its filing.
Tagged under the XBRL concept us-gaap:UnrecognizedTaxBenefits.
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
The Company evaluates its tax positions on a quarterly basis and revises its estimates accordingly. Gross unrecognized tax benefits were $15.1 million and $13.8 million as of April 30, 2026 and January 31, 2026, respectively. The gross unrecognized tax benefits, if recognized, would not affect the effective tax rate due to the valuation allowance against the deferred tax assets. The Company determined that no accrual for interest and penalties was required as of April 30, 2026 and $0.3 million was accrued for interest as of January 31, 2026.
Item 1. Financial Statements.
FAQ
- What is Planet Labs's unrecognized tax benefits?
- Planet Labs (PL) reported unrecognized tax benefits of $15.1M in Q1 2026.
- How has Planet Labs's unrecognized tax benefits changed year-over-year?
- Planet Labs's unrecognized tax benefits increased by 42.5% year-over-year, from $10.6M to $15.1M.
- What is the long-term trend for Planet Labs's unrecognized tax benefits?
- Over 5 years (2021 to 2026), Planet Labs's unrecognized tax benefits has grown at a 24.0% compound annual growth rate (CAGR), from $4.71M to $13.8M.
- What does unrecognized tax benefits mean?
- This represents the amount of tax benefits from uncertain tax positions that have not been recognized in the financial statements because they do not meet the 'more-likely-than-not' threshold. It reflects the company's exposure to potential tax audits and disputes with tax authorities. This is a key indicator of tax-related legal and financial risk.
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