Planet Reports Financial Results for Third Quarter of Fiscal Year 2026

About this update from Planet Labs Pbc

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":235,"url":"https://media.zenfs.com/en/business-wire.com/94e299b00840aaf3d3046846be6e19d0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/UegOQs_uD366mURBL9kx3g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ3MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/94e299b00840aaf3d3046846be6e19d0","width":480,"height":235}},"lazy":false},{"type":"text","content":"Delivered Record Revenue in Q3 of $81 Million, Up +33% YoYIncreased RPOs +361% YoY to $672 Million; Backlog +216% YoY to $734 MillionGenerated $114 Million of Year-to-Date Net Cash Provided by Operating ActivitiesEnd of Period Cash, Cash Equivalents, and Short-Term Investments Increased 180% YoY to $677 MillionSuccessfully Launched 2 High Resolution Pelican Satellites & 36 SuperDove Satellites","length":404,"tagName":"p","attribs":{}},{"type":"text","content":"SAN FRANCISCO, December 10, 2025--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) ("Planet" or the "Company"), a leading provider of daily data and insights about change on Earth, today announced financial results for the period ended October 31, 2025.","length":268,"tagName":"p"},{"type":"text","content":""We delivered a strong third quarter, marked by continued momentum in the business, accelerated revenue growth, and excellent progress on our profitability goals. We’re seeing strong traction with our AI-enabled global monitoring solutions, demonstrated by our recent award under the NGA’s Luno B program and expansion with NATO. We’re announcing our acquisition of Bedrock Research, an AI-enabled solutions company, to accelerate our roadmap in support of this demand," said Will Marshall, Planet’s Co-Founder, Chief Executive Officer and Chairperson. "Since the end of the quarter, we have successfully launched another 2 Pelican satellites as well as 36 Super Doves and announced an R&D initiative with Google to explore scaled AI computing in space."","length":778,"tagName":"p"},{"type":"text","content":"Ashley Johnson, Planet’s President and Chief Financial Officer, added, "We delivered record revenue, our fourth consecutive quarter of adjusted EBITDA profitability, and our third consecutive quarter of positive free cash flow.&quot...

More updates from Planet Labs Pbc