Planet Labs Pbc · NYSE:PL
Planet Labs Pbc — Q1 2027 Earnings Presentation
34 slides from Planet Labs Pbc's earnings presentation, Jun 4, 2026
Slide 1: Fiscal 1Q'27 Update
FISCAL 1Q’27 UPDATE June 4, 2026 FIRST LIGHT • Ambursa, Nigeria • May 11, 2026 • Pelican
Slide 2: Disclaimers
Disclaimers All references to “Planet” or the “Company” in this presentation are references to Planet Labs PBC (NYSE: PL). Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
Slide 3: Disclaimers
Disclaimers Use of Non-GAAP Financial Measures This presentation includes Non-GAAP Gross Profit, Non-GAAP Gross Margin, certain Non-GAAP expenses, Backlog, Free Cash Flow and Adjusted EBITDA, which are non-GAAP measures Planet uses to supplement its results presented in accordance with U.S. GAAP. Pl
Slide 4: Planet's Mission
EARNINGS UPDATE PLANET’S MISSION To image the whole world every day and make global change visible, accessible, and actionable. © Copyright 2026 Planet Labs PBC All Rights Reserved 4
Slide 5: The Planet Opportunity
EARNINGS UPDATE The Planet Opportunity Unique Data Highly Scalable Large Addressable Business Model Market Agriculture Energy Daily, Global Scanning One-to-Many Data Model Defense & Insurance High Resolution Intelligence Tasking Global Partner Network Civil Government Finance Hyperspectral Natural R
Slide 6: Q1 at a Glance
EARNINGS UPDATE Q1 at a Glance Recent Highlights ● Successfully launched 3 new Pelican satellites, including Sweden’s first sovereign reconnaissance satellite 42% 56% ($ 1.0M) ● Awarded 8-figure, one-year YoY Revenue Growth Non-GAAP Adjusted contract by international D&I Revenue of $94.2M in 1Q’27 Gro
Slide 7: Customer Highlights
EARNINGS UPDATE Customer Highlights DEFENSE & INTELLIGENCE DEFENSE & INTELLIGENCE DEFENSE & INTELLIGENCE 8-figure Dedicated Capacity Deal $21.9M Contract Extension $7.5M Renewal International D&I Customer under Luno B IDIQ U.S. Navy National Geospatial-Intelligence Agency CIVIL GOVERNMENT CIVIL GOVER
Slide 8: Solution: Global Monitoring Service
EARNINGS UPDATE Solution: Global Monitoring Service MONITOR THOUSANDS OF LOCATIONS Made possible by Planet’s unique global, near-daily VIEW TRENDS archive OVER TIME AI-enabled system that analyzes changes in infrastructure, objects and activities to deliver early intelligence for strategic planning
Slide 9: Solution: Maritime Domain Awareness
EARNINGS UPDATE Solution: Maritime Domain Awareness MONITOR THOUSANDS OF PORTS AND VESSELS GLOBALLY Made possible by Planet’s unique global, near-daily archive MONITOR ACTIVITY & CLASSIFY VESSELS TYPES High-frequency ocean and coastal monitoring with AI-enabled analytics for near real-time vessel id
Slide 10: Solution: Area Monitoring System
EARNINGS UPDATE Solution: Area Monitoring System PARCEL MONITORING Detect precise field-level changes MONITOR ACTIVITY Field-by-field, capture health, moisture, mowing, MONITOR THOUSANDS plowing, greening, and OF FIELDS GLOBALLY harvest events Made possible by Planet’s unique global, near-daily archiv
Slide 11: Satellite Services
EARNINGS UPDATE WIP Satellite Services SWEDISH ARMED FORCES On May 3, 2026, Planet launched three Pelican satellites aboard a SpaceX launch vehicle, bringing the total number of high-resolution Pelicans on orbit to nine. Notably, this mission included the Swedish Armed Forces’ first sovereign reconna
Slide 12: Product Launch
EARNINGS UPDATE Product Launch PLANET SUPERRES Planet announced SuperRes, an AI-powered technology to improve the resolution of PlanetScope data into a 2m-class resolution visual solution, providing clarity for human-in-the-loop analysis with scale and frequency. SuperRes Sumaré, São Paulo, Brazil •
Slide 13: Planet's Agentic Geospatial AI Application
EARNINGS UPDATE Wind Farm Buildout - PlanetScope Detections Planet’s Agentic Geospatial AI Application PRIVATE BETA to DEVELOP A NATURAL LANGUAGE INTERFACE TO PLANET’S DATA Planet launched the private beta of a new AI application, a pioneering tool focused on making Planet’s massive global data arch
Slide 14: Maritime Domain Awareness
EARNINGS UPDATE WIP Maritime Domain Awareness ANTELOPE REEF EXPANSION Planet’s high-frequency satellite imagery recently played a pivotal role in uncovering a rapid, unannounced Chinese land reclamation campaign at Antelope Reef in the South China Sea. By equipping organizations like the Open Source
Slide 15: Disaster Response
EARNINGS UPDATE Disaster Response SANDY FIRE Planet’s Pelican constellation is actively delivering high-resolution multispectral data to our customers. This false-color image highlights a Near-Infrared band to show the Sandy Fire in Simi Valley, California. The Near-Infrared and Red Edge sensing cap
Slide 16: Launch Partners
EARNINGS UPDATE WIP Launch Partners STARSHIP LAUNCH Planet captured SpaceX's Starship V3 on the launch pad shortly before its historic, successful test flight. We are proud to continue our ongoing strategic launch partnership with SpaceX as we prepare to bring our next generation of satellites to orb
Slide 17: Planet Media Highlights
EARNINGS UPDATE Planet Media Highlights March 20 | Planet Labs Stock Surges as March 26 | Welcome to ‘New Russia’: How the April 14 | Premier League stadiums from Governments Clamor for Access to Kremlin is remaking occupied Ukraine satellite imagery: What our writers learned Satellites April 16 | D
Slide 18: Diversified Business Mix
EARNINGS UPDATE Diversified Business Mix Q1 Revenue By Geography Q1 Revenue By Sector 3% 17% 37% 39% 18% 65% 21% Civil Government Commercial Defense & Intelligence Note: Planet has a Fiscal Year (FY) ending January 31. Note: Estimations include rounding assumptions. Note: North America (“NAM”); Asia
Slide 19: Driving Growth
EARNINGS UPDATE Driving Growth ($ in millions) Backlog1 Revenue $906 72% YoY Growth 42% YoY Growth $94.2 $527 $60.4 $66.3 $220 1Q’25 1Q’26 1Q’27 1Q’25 1Q’26 1Q’27 Note: Planet has a Fiscal Year (FY) ending January 31. © Copyright 2026 Planet Labs PBC All Rights Reserved 19 1 Non-GAAP financial measur
Slide 20: Significant Gross Profit Expansion and Margin Discipline
EARNINGS UPDATE Significant Gross Profit Expansion and Margin Discipline Non-GAAP Gross Profit1 Rule of 401 ($ in millions) 41% 36% YoY Growth $53 $39 $33 11% 1% 1Q’25 1Q’26 1Q’27 1Q’25 1Q’26 1Q’27 Note: Planet has a Fiscal Year (FY) ending January 31. 1 Non-GAAP financial measure. Please refer to the d
Slide 21: Focus on Sustainable Growth & Annual Profitability
EARNINGS UPDATE Focus on Sustainable Growth & Annual Profitability ($ in millions) Annual Revenue Adjusted EBITDA1 Free Cash Flow1 $308 53 $244 15 $221 $191 (11) (41) $131 (57) (55) (57) (64) (87) (93) FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Note: Planet has a Fisca
Slide 22: Focus on Execution
EARNINGS UPDATE Focus on Execution Product + R&D Go-To-Market Financial ● Scale Satellite Services ● Focus Direct Sales Force on ● Drive Strong and Predictable Large Customers in Core Revenue Growth ● Scale New AI-Enabled Growth Verticals Solutions ● Gross Margin Upside from ● Leverage Data & Soluti
Slide 23: Fiscal 2Q'27 and FY'27 Outlook
EARNINGS UPDATE Fiscal 2Q’27 and FY’27 Outlook Key Drivers 2Q’27 FY’27 ● Large government sales opportunities ● Bringing AI-enabled solutions to market Revenue $102M - $107M $425M - $441M ● Launching next generation satellites ● Scaling in Satellite Services Non-GAAP Gross R&D investments in 1) spac
Slide 24: Appendix
APPENDIX LISBON • Lisbon, Portugal • April 18, 2026 • SkySat
Slide 25: Reconciliation of Non-GAAP Financial Measures
EARNINGS UPDATE Reconciliation of Non-GAAP Financial Measures Non-GAAP Gross Profit and Gross Margin % ($ in millions) Three Months Ended April 30, 2024 April 30, 2025 April 30, 2026 GAAP Gross Profit $ 31.7 $ 36.6 $ 50.4 (+) Stock-Based Compensation 0.8 1.5 1.8 (+) Amortization of Acquired Intangible
Slide 26: Reconciliation of Non-GAAP Financial Measures
EARNINGS UPDATE Reconciliation of Non-GAAP Financial Measures ($ in thousands) Adjusted EBITDA Three Months Ended April 30, 2024 April 30, 2025 April 30, 2026 Net Loss $ (29,293) $ (12,628) $ (138,872) (+) Interest expense – 499 1,446 (+) Interest Income (3,107) (1,884) (5,153) (+) Income tax provis
Slide 27: Reconciliation of Non-GAAP Financial Measures
EARNINGS UPDATE Reconciliation of Non-GAAP Financial Measures ($ in thousands) Adjusted EBITDA Year Ended January 31, 2022 2023 2024 2025 2026 Net Loss $ (137,124) $ (161,966) $ (140,509) $ (123,196) $ (246,860) (+) Interest expense 8,772 – – 832 3,436 (+) Interest Income (21) (7,672) (15,414) (10,2
Slide 28: Reconciliation of Non-GAAP Financial Measures
EARNINGS UPDATE Reconciliation of Non-GAAP Financial Measures Backlog ($ in thousands) April 30, April 30, April 30, 2025 2024 2026 Remaining performance obligations $ 124,942 $ 451,928 $ 816,008 Cancelable amount of contract value 94,831 75,119 90,047 Backlog $ 219,773 $ 527,047 $ 906,055 Note: Pla
Slide 29: Reconciliation of Non-GAAP Financial Measures
EARNINGS UPDATE Reconciliation of Non-GAAP Financial Measures Free Cash Flow ($ in thousands) Three Months Ended April 30, 2026 Net cash provided by (used in) operating activities $ 15,440 (-) Purchases of property and equipment (17,310) (-) Capitalized internal-use software (647) Free cash flow $ (2
Slide 30: Reconciliation of Non-GAAP Financial Measures
EARNINGS UPDATE Reconciliation of Non-GAAP Financial Measures Free Cash Flow ($ in thousands) Year Ended January 31, 2022 2023 2024 2025 2026 Net cash provided by (used in) operating $ (42,211) $ (73,933) $ (50,711) $ (14,374) $ 134,362 activities (-) Purchases of property and equipment (10,313) (10
Slide 31: Reconciliation of Non-GAAP Financial Measures
EARNINGS UPDATE Reconciliation of Non-GAAP Financial Measures Rule of 40 ($ in millions) Three Months Ended April 30, 2024 April 30, 2025 April 30, 2026 Revenue $ 60.4 $ 66.3 $ 94.2 YoY Growth 14.7% 9.6% 42.1% Adjusted EBITDA (8.4) 1.2 (1.0) % Margin 13.9% 1.8% (1.1%) Rule of 40 1% 11% 41% Note: Pla
Slide 32: Definitions
EARNINGS UPDATE Definitions Non-GAAP Financial Measures Non-GAAP Gross Profit and Non-GAAP Gross Margin: The Company defines and calculates Non-GAAP Gross Profit as gross profit adjusted for stock-based compensation, amortization of acquired intangible assets, restructuring costs, and employer payroll ta
Slide 33: Definitions
EARNINGS UPDATE Definitions Capital Expenditures as a Percentage of Revenue: The Company defines capital expenditures as purchases of property and equipment plus capitalized internally developed software development costs, which are included in our statements of cash flows from investing activities. Th
Slide 34: Media Credits
EARNINGS UPDATE Media Credits Slide 17: ● The Wall Street Journal, March 20: Planet Labs Stock Surges as Governments Clamor for Access to Satellites ● Reuters, March 26: Welcome to ‘New Russia’: How the Kremlin is remaking occupied Ukraine ● The Athletic, April 14: Premier League stadiums from satel