Planet Labs Pbc · NYSE:PL

Planet Labs Pbc — Investor Day (October 2025)

120 slides from Planet Labs Pbc's investor day presentation, October 2025

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: Today's Presenters
Today’s Presenters William Marshall Charlie Candy Robbie Schingler Ashley Johnson Chief Executive Officer, Chief Revenue Officer Chief Strategy Officer, President & Co-Founder Co-Founder Chief Financial Officer © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 4: Agenda
William Marshall Chief Executive Officer, View from Above Co-Founder Charlie Candy Momentum in AI-enabled Solutions & Chief Revenue Officer Satellite Services Fireside Chat with Oleksii Reznikov, Agenda former Minister of Defense, Ukraine Robbie Schingler World Class Execution in Space Chief Strateg
Slide 7: Key Messages
Key Our AI-enabled Solutions & Satellite Services are 1 leading the market, delivering exceptional results Messages We’ve driven accelerated growth, and our backlog 2 supports further acceleration We are at the center of rapidly changing 3 geopolitics and the global AI revolution 4 Planet is uniquel
Slide 9: Delivering a Unique Earth Intelligence Layer
Delivering a Unique Earth Intelligence Layer Planet at a Glance OUR CONSTELLATION1 WHAT WE DELIVER ~140 satellites in orbit >600 Data and AI-Enabled Satellite Services satellites successfully launched Solutions OUR PROPRIETARY DATA LARGE ADDRESSABLE MARKETS Daily, High Resolution Hyperspectral Conti
Slide 10: Significant Momentum Since Q2 Earnings
Significant Momentum Since Q2 Earnings Next Gen Monitoring $460M Owl Convertible Debt Raise Major Customer Contract Win Manufacturing Expansion in US Navy 1 Germany NGA Luno B 2 1 Represents a 7-figure ACV contract. 2 Represents an 8-figure ACV contract. NGA stands for National Geospatial Agency. ©
Slide 11: Major Contracts Announced in 2025
Major Contracts Announced in 2025 DEFENSE & INTELLIGENCE DEFENSE & INTELLIGENCE DEFENSE & INTELLIGENCE COMMERCIAL 7-Figure Deal for Enhanced Expanded Contract to Support U.S. Secured 7-Figure Deal for Maritime Large Multi-Year Ag Tech Contracts Indications & Warnings and Indo Pacific Command Domain
Slide 12: Significant Competitive Moats Built on a History of Innovation
Significant Competitive LAUNCHED PELICAN 2 Moats Built on a History AND ACQUIRES TANAGER 1 VANDERSAT ACQUIRES of Innovation SALO SCIENCES AND SINERGISE PELICAN NEXT €240M GEN HIGH GERMAN RESOLUTION GOVERNMENT EXPANDS PLANET FEDERAL MISSION FUNDED DEAL FLEET ESTABLISHED ANNOUNCED ABLE TO IMAGE TANAGE
Slide 13: Planet's Constellation
Planet’s Constellation SkySat SuperDove HIGH RESOLUTION TASKING 3-5m MONITORING Tanager HYPERSPECTRAL Pelican VERY HIGH RESOLUTION • RAPID REVISIT Not shown to scale © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 14: Planet's Constellation
Planet’s Constellation SkySat SuperDove HIGH RESOLUTION TASKING 3-5m MONITORING Tanager HYPERSPECTRAL Pelican VERY HIGH RESOLUTION • RAPID REVISIT FUTURE CONSTELLATION Owl 1m CLASS NEXT-GENERATION MONITORING Not shown to scale © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 16: Proprietary Data Powering the Solutions Portfolio
Proprietary Data Powering the Solutions Portfolio AI-ENABLED SOLUTIONS • AI layer accelerating the Global Monitoring Service Maritime Domain Awareness Area Monitoring System Model Context Protocol Layer next wave of innovation • Speeding customer time INSIGHTS Asset Supply Crop Crop Summary Economic
Slide 17: Customer-Driven, AI-Powered Solutions
Customer-Driven, AI-Powered Solutions MARITIME DOMAIN GLOBAL MONITORING AREA MONITORING AWARENESS SOLUTIONS SYSTEM AI-enabled solutions to analyze changes in infrastructure, objects, and activities at scale © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 18: Daily and Near Real-Time Imaging of Entire Countries
Daily and Near Real-Time Imaging of Entire Countries NATIVE IMAGE AI ANALYTIC Building Damage Assessment Borodyanka, Ukraine March 2022 Damaged Undamaged © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 19: Core Strengths
Core Strengths AGILE BROAD AREA SPACE MARKET SCAN + LEADERSHIP ARTIFICIAL MISSIONS INTELLIGENCE Since the Last Investor Day: Since the Last Investor Day: Transformed space systems Aligned sales motions to from a cost center to solutions and leaned into AI profit center © 2025 PLANET LABS PBC ALL RIG
Slide 20: At the Intersection of Space + AI
At the Intersection of Space + AI Daily, global scan + Rapid AI insights High resolution tasking © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 21: Momentum in AI-enabled Solutions & Satellite Services
Momentum in AI-enabled Solutions & Satellite Services Charlie Candy Chief Revenue Officer © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 22: Why Planet Wins
Why Planet Wins Area coverage: High frequency: Synergistic fleets: Archive: AI optimized: Hundreds of Daily scan + sub- High Res + Daily global Data processed millions of sq-km daily High Res Scanning imagery back to and AI-ready daily revisits 2017 to see change and train models © 2025 PLANET LABS
Slide 24: Placing the Customer at the Center
Placing the Customer at the Center Dynamic Time Series Data + Solutions Tip-and-Cue Intelligence Alerts EcoSystem Planet’s Multi- Sensor CUSTOMER Constellation Intelligent Monitoring Insights Embedded into + Real Time Insights Customer Workflows © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DA
Slide 25: Customer-Driven, AI-Powered Solutions
Customer-Driven, AI-Powered Solutions MARITIME DOMAIN GLOBAL MONITORING AREA MONITORING AWARENESS SOLUTIONS SYSTEM AI-enabled solutions to analyze changes in infrastructure, objects, and activities at scale © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 26: Marine Domain Awareness
Marine Domain Awareness Valeri/stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope RESERVED © 2025 PLANET LABSINVESTOR PBC ALL RIGHTS DAYRESERVED 2025
Slide 27: Hidden in Plain Sight
Hidden in Plain Sight Data gaps and time delays reduce situational awareness and the ability to mitigate piracy, smuggling, and other serious safety and security risks. Valeri/stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • Planet
Slide 28: Growth in Maritime Surveillance Market
Growth in Maritime Surveillance Market Global Maritime Surveillance Market (USD Billions) The maritime surveillance market is being driven by increasing need $36B for national security and the protection of maritime borders. MARKET SIZE ($B) The growing incidence of piracy, $24B illegal fishing, smu
Slide 29: Solution: Maritime Domain Awareness
Solution: Maritime Domain Awareness MONITOR ACTIVITY MONITOR THOUSANDS • Spoofing OF PORTS AND • Bunkering VESSELS • Dark Vessels GLOBALLY • Encroachment Made possible by CLASSIFY VESSELS TYPES Planet’s unique global, near-daily • Cargo archive • Military • Passenger • Tanker • etc High-frequency oc
Slide 30: Meeting the Customer Where They Are
Meeting the Customer Where They Are Data Feeds Analytic Feeds Full MDA Solution PlanetScope Open Water Data Vessel Tasking SynMax Theia Platform For customers with internal Supports MDA applications Advanced capabilities that vessel detection capabilities or a with automated detection and leverage a
Slide 31: Global Monitoring
Global Monitoring K.V./stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope RESERVED © 2025 PLANET LABSINVESTOR PBC ALL RIGHTS DAYRESERVED 2025
Slide 32: What does normal look like?
What does normal look like? In the age of big data and agile adversaries, intelligence must evolve from monitoring knowns to actively discovering unknown unknowns. K.V./stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope R
Slide 33: Global Growth in Defense Budgets
Global Growth in Defense Budgets Global Defense Budget by Region ($B, 2023 constant) Germany to raise defence spending to 3.5% of GDP by 2029, sources say Japan’s $60B defense budget request seeks funding for coastal defense network, more F-35s European arms industry growth to beat 10% a year, Redbu
Slide 34: Solution: Global Monitoring
Solution: Global Monitoring VIEW TRENDS MONITOR OVER TIME THOUSANDS OF LOCATIONS • Day over day • Month over Made possible by month Planet’s unique • Year over year global, near-daily archive AI-enabled system that analyzes changes in infrastructure, objects and activities to deliver early intellige
Slide 35: Global Monitoring Spotlight
Global Monitoring Spotlight K.V./stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope RESERVED © 2025 PLANET LABSINVESTOR PBC ALL RIGHTS DAYRESERVED 2025
Slide 36: Imperative for Global Monitoring
Imperative for Global Monitoring Indicators and Warning (I&W) Timely signals that reveal adversary intent or actions threatening national interests CUSTOMER CHALLENGES Limited resources, Lack of historical Data overload Adversaries divided attention context for patterns obscures true threats conceal
Slide 37: Unleashing the Potential of Earth Data + AI
Unleashing the Potential of Earth Data + AI Known activities High Resolution Data Known locations Broad Area Monitoring Analytics & AI Solutions Unknown activities Unknown locations Global Monitoring © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 38: Planet Global Monitoring Capabilities
Planet Global Monitoring Capabilities Finding the unknown unknowns High Frequency Identify and Baseline Global Coverage Build patterns of behavior See the world and leveraging multi-year understand change over archive for areas of interest time through global daily collection and historical archive
Slide 39: Customer-Centric Solutions Approach
Customer-Centric Solutions Approach Rapidly responding to customer demand with agile development Extract actionable Build custom insights applications Satellite data Daily Imagery Machine Learning Deliver critical information AI-Enabled Planetary to our customers Intelligence Tailor data workflows t
Slide 42: Unrivaled Global Coverage
Building Airfield Unrivaled Global Coverage Change Monitoring Look broader Global coverage is unmatched by other companies 3,000+ images collected for any given location on land enables us to see where others aren’t even looking Deep historical context on areas of interest and for analytics establis
Slide 43: AI Analytics for Broad Area Monitoring
AI Analytics for Broad Area Monitoring Finding signal in the noise Week of Aug. 18 Week of Aug. 18 Change Detection – Detail Week of July 28 © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 44: Tip and Cue High-Resolution Satellite
Tip and Cue High-Resolution Satellite Enables closer investigation based on insights from global scan LOOK CLOSER High-resolution satellites cued to get more detail SuperDove Always-on Monitoring VESSEL DETECTIONS Detected from global, near- SkySat Pelican daily imagery High-Resolution Tasking © 202
Slide 45: Unleashing the Potential of Earth Data + AI
Unleashing the Potential of Earth Data + AI Known activities Known locations Unknown activities Unknown locations © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 46: Area Monitoring
Area Monitoring AI/stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope RESERVED © 2025 PLANET LABSINVESTOR PBC ALL RIGHTS DAYRESERVED 2025
Slide 47: Seeing the Big Picture
Seeing the Big Picture Allocating billions in subsidies to individual farmers requires field level insights at country- wide scale. AI/stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope RESERVED © 2025 PLANET LABSINVESTOR
Slide 48: EU Common Agricultural Policy Priorities & Spend
EU Common Agricultural Policy Priorities & Spend FOOD VALUE COMPETITIVENESS CHAIN CLIMATE FAIR CHANGE INCOME KNOWLEDGE THE 10 CAP ENVIRONMENTAL €50B – €60B AND INNOVATION OBJECTIVES CARE annual expenditure on EU Common Agricultural Policy FOOD AND HEALTH LANDSCAPES RURAL GENERATIONAL AREAS RENEWAL S
Slide 49: Solution: Area Monitoring System
Solution: Area Monitoring System PARCEL MONITORING Detect precise field-level changes MONITOR ACTIVITY • Field-by-field, capture health, moisture, MONITOR THOUSANDS mowing, plowing, OF FIELDS GLOBALLY greening, and harvest Made possible by Planet’s events unique global, near-daily archives • A singl
Slide 50: Data + Insights Platform
Data + Insights Platform AI/stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope RESERVED © 2025 PLANET LABSINVESTOR PBC ALL RIGHTS DAYRESERVED 2025
Slide 51: Data Fuels Digital Transformation
Data Fuels Digital Transformation We live in a data-rich world with significant real-world problems. Real world problems require real world data. AI/stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope RESERVED © 2025 PLANE
Slide 52: Data Fuels Digital Transformation
Data Fuels Digital Transformation Driven by the rapidly expanding market opportunity and increasing number of prospects and use cases, the potential economic value of EO is expected to exceed $700 billion by 2030. AI/stock.adobe.com – The World Economic Forum Source: Charting the Future of Earth Obs
Slide 53: Tracking Critical Planetary Variables
Tracking Critical Planetary Variables FIELD SOIL WATER LAND SURFACE CROP FOREST FOREST BOUNDARIES CONTENT TEMPERATURE BIOMASS STRUCTURE CARBON SUPERRES VESSELS AIRCRAFT ROADS BUILDINGS ARPS © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 55: Supporting Industry Leaders Across Verticals
Supporting Industry Leaders Across Verticals Agriculture Energy Optimizing Agricultural Monitoring Critical Enabling Parametric Production Infrastructure Assets Insurance Protection Bayer / Syngenta PG&E SwissRe © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 56: Satellite Services
Satellite Services Flatart/stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • PlanetScope RESERVED © 2025 PLANET LABSINVESTOR PBC ALL RIGHTS DAYRESERVED 2025
Slide 57: The Ultimate High Ground
The Ultimate High Ground In today’s world, a nation must take responsibility for its own security. Modern security requires the latest space, data, and AI capabilities. Flatart/stock.adobe.com GREAT © 2025 SAND PLANET LABSDUNES PBC ALL •RIGHTS National Park, Colorado, U.S. • November 1, 2024 • Plane
Slide 58: Market Sizing Stats
Market Sizing Stats $182.6B Defense spending is powering a $182.6 billion (€155bn) surge in miniaturized satellite technology, driving a rapid boom in Earth observation satellites 5,770 Total satellites to launch by 2034 Source: NovaSpace © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 59: Satellite Services
Satellite Services DEDICATED CONSTELLATION CAPACITY OWNERSHIP WE ARE CURRENTLY QUALIFYING MORE THAN 20 OPPORTUNITIES WITH DIRECT AVERAGE ESTIMATED ACCESS TCV PER CUSTOMER OF $170 MILLION © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTORDAY INVESTOR DAY 2025 2025
Slide 60: Customer Evolution: Data, AI Solutions, and Satellite Services
Customer Evolution: Data, AI Solutions, and Satellite Services A A customer starts with PlanetScope and High- Resolution Tasking Data B The customer adopts AI C solutions that expand with area coverage, sites monitored and users C The customer purchases satellite services for competition-free covera
Slide 61: Placing the Customer at the Center
Placing the Customer at the Center Dynamic Time Series Data + Solutions Tip-and-Cue Intelligence Alerts EcoSystem Planet’s Multi- CUSTOMER Sensor Constellation Intelligent Monitoring Insights Embedded into + Real Time Insights Customer Workflows © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DA
Slide 64: Trusted by International Partners and Governments
Trusted by International Partners and Governments … for major satellite service contracts $230M €240M A multi-year A multi-year partnership with agreement, funded JSAT to service the by the German Japanese government, in government with support of European Pelican Satellites. peace and security. Con
Slide 65: Planet's Approach to Earth Observation
Planet’s Approach to Earth Observation Spacecraft not shown to scale Large, complicated Resilient, upgradable spacecraft multi-sensor constellation BUILD LAUNCH OPERATE INNOVATE © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 66: Planet's Constellation
Planet’s Constellation SkySat SuperDove HIGH RESOLUTION TASKING 3-5m MONITORING Tanager HYPERSPECTRAL Pelican VERY HIGH RESOLUTION • RAPID REVISIT Not shown to scale © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 67: Vertical Integration Optimizing for Speed, Agility and Efficiency
Vertical Integration Optimizing for Speed, Agility and Efficiency 01 FUNDAMENTAL SPACE SYSTEMS R&D Agile Space Missions © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 68: Vertical Integration Optimizing for Speed, Agility and Efficiency
Vertical Integration Optimizing for Speed, Agility and Efficiency 01 02 FUNDAMENTAL SPACE HIGH RATE, RESPONSIVE SYSTEMS R&D MANUFACTURING Agile Space Missions © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 69: Vertical Integration Optimizing for Speed, Agility and Efficiency
Vertical Integration Optimizing for Speed, Agility and Efficiency 01 02 FUNDAMENTAL SPACE HIGH RATE, RESPONSIVE SYSTEMS R&D MANUFACTURING Agile Space Missions 03 AUTOMATED MULTI-MISSION OPERATIONS © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 70: Vertical Integration Optimizing for Speed, Agility and Efficiency
Vertical Integration Optimizing for Speed, Agility and Efficiency 01 02 FUNDAMENTAL SPACE HIGH RATE, RESPONSIVE SYSTEMS R&D MANUFACTURING Agile Space Missions 04 03 AGILE AEROSPACE AUTOMATED MULTI-MISSION & MODULAR ARCHITECTURE OPERATIONS © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 71: Vertical Integration Optimizing for Speed, Agility and Efficiency
Vertical Integration Optimizing for Speed, Agility and Efficiency 01 02 FUNDAMENTAL SPACE HIGH RATE, RESPONSIVE SYSTEMS R&D MANUFACTURING Agile Space Missions 04 03 AGILE AEROSPACE AUTOMATED MULTI-MISSION & MODULAR ARCHITECTURE OPERATIONS © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 72: Awarded Multi-Year €240M Contract Funded by German Government
Awarded Multi-Year €240M Contract Funded by German Government Adjusts Altitude of Selected for NASA CSP Entire SkySat Fleet to Dove Fleet is Fully Program to Demonstrate Increase Resolution for Upgraded to Real-time Space-to-space Tanager-1 New Satellite Manufacturing Customers to 50cm SuperDove Con
Slide 73: SmallSat Modular Tanager Architecture
SmallSat Modular Tanager Architecture High performance, modular, mass-manufacturable, extensible, smallsat bus for demanding EO missions Pelican 1 Pelican 2 © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 74: Tanager: Planet's First Satellite Services Mission
Tanager: Planet’s First Satellite Services Mission >5,500 09 Oct 2024 24 Oct 2024 Methane Detections1 © 2025 PLANET LABS PBC ALL RIGHTS RESERVED 1 Source: Carbon Mapper. https://data.carbonmapper.org/#1.03/44/21.4. Accessed October 14, 2025. INVESTOR DAY 2025
Slide 75: Pelican
Pelican ● 30cm Class Imagery ● Highly Agile ● Multi-Spectral & Panchromatic ● Fast Data Downlink to reduce latency ● Rapid Communications ● Onboard AI © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 76: Why Planet Wins
Why Planet Wins Maximum Customer Control HIGH HYPERSPECTRAL RESOLUTION TASKING TASKING Planet Tasking Dedicated Capacity Direct Access Constellation Ownership Flexible & Assured Tasking New Satellite Services Offerings © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 77: Why Planet Wins
Why Planet Wins Maximum Customer Control HIGH HYPERSPECTRAL RESOLUTION TASKING TASKING Planet Tasking Dedicated Capacity Direct Access Constellation Ownership Guaranteed competition-free capacity in customer’s region New Satellite Services Offerings © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTO
Slide 78: Why Planet Wins
Why Planet Wins Maximum Customer Control HIGH HYPERSPECTRAL RESOLUTION TASKING TASKING Planet Tasking Dedicated Capacity Direct Access Constellation Ownership Direct/secure tasking & data delivery from customer infrastructure New Satellite Services Offerings © 2025 PLANET LABS PBC ALL RIGHTS RESERVE
Slide 79: Why Planet Wins
Why Planet Wins Maximum Customer Control HIGH HYPERSPECTRAL RESOLUTION TASKING TASKING Planet Tasking Dedicated Capacity Direct Access Constellation Ownership Operated by Planet or customer New Satellite Services Offerings © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 80: Why Planet Wins
Why Planet Wins Maximum Customer Control HIGH HYPERSPECTRAL RESOLUTION TASKING TASKING Planet Tasking Dedicated Capacity Direct Access Constellation Ownership Flexible & Assured Tasking Guaranteed competition-free Direct/secure tasking & Operated by Planet or capacity in customer’s region data deliv
Slide 81: Our Satellite Services: A Win-Win-Win
Our Satellite Services: A Win-Win-Win ● Innovative model transforms how Planet funds and monetizes next-generation satellite fleets ● Dedicated capacity satellite services model pulls forward cash payments for greater capital efficiency ● Supports high ROIC, asset-light approach to aerospace ● Repre
Slide 82: Why Planet Wins
Why Planet Wins 01 02 03 04 Solid Reputation, Rapid Time to Scaled Agile Space Compounding Value Foundation of Trust, Operational Missions Enables with Planet’s Data Customer-focused, Capabilities Rapid Upgradability and AI-enabled Proven Reliability Solutions © 2025 PLANET LABS PBC ALL RIGHTS RESER
Slide 84: Multiple Pathways for Satellite Services Growth
Multiple Pathways for Satellite Services Growth Responsive Space & Resiliency Satellite Subscriptions Constellation Ownership Direct Access Services Dedicated Capacity Today Future © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 85: The Satellite Services Opportunity
The Satellite Services Opportunity Satellite Services … Meet Planet Expand Planet’s Enable a High- Are Synergistic Customers Where Addressable ROIC Model with Planet’s Data They Are Market and AI-Enabled Solutions © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 89: At the Intersection of Space + AI Megatrends
At the Intersection of Space + AI Megatrends Daily, global scanning + AI driven rapid insights Multi-sensor high resolution tasking © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 90: Space Renaissance
Space Renaissance Rocket costs have Satellite capabilities Upshot: more Earth come down 4x have increased 1,000x data for critical decisions © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 91: Advances in AI are Accelerating Capabilities
Advances in AI are Accelerating Capabilities Imagery Simple Indices Analytics Convolutional Large Language AI-Enabled derived from Data Neural Networks Models Planetary Intelligence (Pixel Maths) (CNNs) © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 92: Leveraging AI to Create Customer Value
Leveraging AI to Create Customer Value 01 02 03 Foundation Accelerating GPUs in Space Solutions Models for the Real World © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 93: What This Means For Our Customers
What This Means For Our Customers AI-Enabled Speeds customer Solutions time to value Scales to cover AI at the Edge large geographic areas Eases use, democratizing Generative AI access to information © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 95: How It All Fits Together
How It All Fits Together Dynamic Time Series Data + Tip-and-Cue Intelligence Alerts Solutions EcoSystem Planet’s Multi- Sensor Constellation The AI Powered Customer Intelligent Monitoring Insights Embedded into + Real Time Insights Customer Workflows © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVEST
Slide 96: At the Intersection of Space + AI Megatrends
At the Intersection of Space + AI Megatrends Daily, global scanning + AI driven rapid insights Multi-sensor high resolution tasking © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 97: The Financial Foundation for Growth & Returns
The Financial Foundation for Growth & Returns Ashley Johnson President & Chief Financial Officer © 2025 PLANET LABS PBC ALL RIGHTS RESERVED INVESTOR DAY 2025
Slide 98: Strong Growth Foundation
Strong Growth Foundation ($ in millions) ANNUAL REVENUE BACKLOG2 $281 - $289 736 244 221 504 191 131 280 113 242 FY21 FY22 FY23 FY24 FY25 Expected FY23 FY24 FY25 2Q26 FY263 Note: Planet has a Fiscal Year (FY) ending January 31. 1 Revenue Compound Annual Growth Rate (“CAGR”) is calculated in part bas
Slide 99: Increasing Visibility to Growth Acceleration
Increasing Visibility to Growth Acceleration Next Twelve Month Backlog5 : Next Twelve-Month Revenue Backlog expected to 100% 83% be recognized in next 80% 12 Months divided by Note: Planet has a Fiscal Year (FY) ending January 31. Revenue expected to 1 NTM Revenue includes mid-point 75% 67% be recog
Slide 100: Building Confidence in Long Term Growth
Building Confidence in Long Term Growth $200 YEAR TWO COMMITTED BACKLOG1 $177 $163 $161 $150 Backlog expected to be recognized within the next 24 months less Backlog expected $100 to be recognized within the next 12 months. $50 $49 $47 $0 Q2 Q3 Q4 Q1 Q2 FY25 FY25 FY25 FY26 FY26 Note: Planet has a Fi
Slide 101: Compounding Effect Of Satellite Services
Compounding Effect Of Satellite Services ➔ Forward Funds Constellation Build ➔ Generates Increased Data For Customers ➔ Utilizes AI Solutions To Optimize Performance ➔ Drives Greater Customer Value And Market Adoption ➔ Supports Manufacturing Efficiency & Scale © 2025 PLANET LABS PBC ALL RIGHTS RESE
Slide 102: Compounding Growth Synergies
Compounding Growth Synergies DATA & AI SOLUTIONS + SATELLITE SERVICES Expected EoP Annual Contract Value Hardware New Business Hardware Backlog Data & AI Solutions New Business Data & AI Solutions Renewal Data & AI Solutions Backlog FY26 FY27 FY28 FY29 FY30 Illustrative based on current backlog and
Slide 103: Operational Discipline for Self-Sustaining Business
Operational Discipline for Self-Sustaining Business ($ in millions) ADJUSTED EBITDA1 FREE CASH FLOW1 6.4 46.3 2.4 1.2 8.0 (0.2) (4.8) (19.1) Q3 Q4 Q1 Q2 Q3 Q1 Q2 FY25 FY25 FY26 FY26 FY25 FY26 FY26 Q4 FY25 Note: Planet h as a Fiscal Year (FY) ending Janu ary 31. 1 Adju sted EBITDA and Free Cash Flow
Slide 104: The Balance Sheet to Win
The Balance Sheet to Win ($ in millions) End of Period Cash, Cash Equivalents, Organic Cash Generation and Short Term Investments1 Prior to Capital Raise 272 242 226 222 Successful Capital Raise Strengthens Balance Sheet for the Long Term $460 million of Convertible Senior Notes 0.5% Interest Rate 1
Slide 105: Investing Strategically for Accelerated Growth
Investing Strategically for Accelerated Growth RULE OF 401 40%+ 40% Fiscal 2027 Planning Principles On a full year basis: 30% - Continued Growth Acceleration 30% - Adjusted EBITDA Breakeven (or better) - Positive Free Cash Flow 20% 15% We invest efficiently and strategically to support continued gro
Slide 106: Long-Term Financial Targets & Drivers
Long-Term Financial Targets & Drivers Average FY26 Guidance Long Term % of Revenue Key Drivers FY21-FY25 Mid-Point Target - AI Solutions Revenue Growth % 21% 17% 20%+ - Synergistic Satellite Services - One-to-Many Model Non-GAAP Gross Margin 46% 56% 60%+ - Revenue Mix - AI & Space Innovation Non-GAA
Slide 107: Investment Highlights
THE FINANCIAL FOUNDATION FOR GROWTH AND RETURNS Investment Highlights At the Intersection of Space + AI Megatrends • AI-enabled solutions transform data into actionable intelligence, facilitating customer decision-making 1 • Synergistic satellite services model for governments seeking to modernize t
Slide 109: Definitions
Definitions Non-GAAP Financial Measures Non-GAAP Gross Profit and Non-GAAP Gross Margin: The Company defines and calculates Non-GAAP Gross Profit as gross profit adjusted for stock-based compensation, amortization of acquired intangible assets, and restructuring costs. The Company defines Non-GAAP G
Slide 110: Definitions
Definitions Other Key Metrics ACV and EoP ACV Book of Business: In connection with the calculation of several of the key operational and business metrics we utilize, the Company calculates Annual Contract Value (“ACV”) for contracts of one year or greater as the total amount of value that a customer
Slide 111: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in thousands) Adjusted EBITDA Year Ended January 31, 2021 2022 2023 2024 2025 Net Loss $ (127,103) $ (137,124) $ (161,966) $ (140,509) $ (123,196) (+) Interest expense 9,447 8,772 – – – (+) Interest Income (53) (21) (7,672) (15,414) (10,257) (+) Incom
Slide 112: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Adjusted EBITDA ($ in thousands) Three Months Ended October 31, 2024 January 31, 2025 April 30, 2025 July 31, 2025 Net Loss $ (20,081) $ (35,154) $ (12,628) $ (22,592) (+) Interest Income (2,414) (1,965) (1,884) (2,172) (+) Income tax provision 25 1,096
Slide 113: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Free Cash Flow ($ in thousands) Three Months Ended October 31, 2024 January 31, 2025 April 30, 2025 July 31, 2025 Net cash provided by (used in) operating activities $ 4,076 $ (6,295) $ 17,346 $ 67,774 (-) Purchases of property and equipment (7,633) (11,
Slide 114: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Free Cash Flow ($ in thousands) Six Months Ended July 31, 2025 Net cash provided by (used in) operating activities $ 85,120 (-) Purchases of property and equipment (28,410) (-) Capitalized internal-use software (2,420) Free Cash Flow $ 54,290 © 2025 PLAN
Slide 115: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Backlog ($ in thousands) January 31, 2023 January 31, 2024 January 31, 2025 Remaining performance obligations $ 151,976 $ 132,571 $ 412,829 Cancelable amount of contract value 127,667 109,821 90,920 Backlog $ 279,643 $ 242,392 $ 503,749
Slide 116: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Backlog ($ in thousands) October 31, January 31, July 31, 2024 April 30, 2025 July 31, 2025 2024 2025 Remaining performance obligations $ 112,093 $ 145,890 $ 412,829 $ 451,928 $ 690,066 Cancelable amount of contract value 101,407 86,250 90,920 75,119 46,
Slide 117: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Non-GAAP Gross Margin ($ in millions) Year Ended January 31, 2021 2022 2023 2024 2025 GAAP Gross Profit $ 25.8 $ 48.2 $ 94.0 $ 113.0 $ 139.7 (+) Stock-Based Compensation 0.8 2.3 5.1 3.6 3.5 (+) Amortization of Acquired Intangible Assets – – 1.6 2.4 3.0 (
Slide 118: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures ($ in millions) Non-GAAP Operating Expenses Year Ended January 31, 2021 2022 2023 2024 2025 GAAP Operating Expenses $ 113.2 $ 176.3 $ 269.7 $ 282.7 $ 255.8 (-) Stock-Based Compensation (13.1) (39.7) (70.4) (53.5) (45.0) (-) Amortization of Acquired Intan
Slide 119: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Non-GAAP Rule of 40 ($ in thousands) Year Ended January 31, 2025 Adjusted EBITDA $ (10,627) Revenue $ 244,352 Adjusted EBITDA Margin (4.3%) Revenue Growth Rate % 10.7% Non-GAAP Rule of 40 6% Note: Planet has a Fiscal Year (FY) ending January 31.
Slide 120: Media Credits: Slide 33
Media Credits: Slide 33 Germany unveils $40bn military-space investment, citing new threats, Defense News, Published September 25, 2025 Japan’s Defence Budget Surge: A New Security Paradigm, Rusi, Published December 2, 2024 Unprecedented rise in global military expenditure as European and Middle Eas

Planet Labs PBC — Investor Day (October 2025) on 6ix

Planet Labs Pbc — Investor Day (October 2025)

Slide 1: Planet Labs Investor Day

Slide 2: Disclaimers

Slide 3: Today's Presenters

Slide 4: Agenda

Slide 5: Welcome

Slide 6: Investor Day 2025

Slide 7: Key Messages

Slide 8: Planet's Mission

Slide 9: Delivering a Unique Earth Intelligence Layer

Slide 10: Significant Momentum Since Q2 Earnings

Slide 11: Major Contracts Announced in 2025

Slide 12: Significant Competitive Moats Built on a History of Innovation

Slide 13: Planet's Constellation

Slide 14: Planet's Constellation

Slide 15: Investor Day 2025

Slide 16: Proprietary Data Powering the Solutions Portfolio

Slide 17: Customer-Driven, AI-Powered Solutions

Slide 18: Daily and Near Real-Time Imaging of Entire Countries

Slide 19: Core Strengths

Slide 20: At the Intersection of Space + AI

Slide 21: Momentum in AI-enabled Solutions & Satellite Services

Slide 22: Why Planet Wins

Slide 23: Structured to Win

Slide 24: Placing the Customer at the Center

Slide 25: Customer-Driven, AI-Powered Solutions

Slide 26: Marine Domain Awareness

Slide 27: Hidden in Plain Sight

Slide 28: Growth in Maritime Surveillance Market

Slide 29: Solution: Maritime Domain Awareness

Slide 30: Meeting the Customer Where They Are

Slide 31: Global Monitoring

Slide 32: What does normal look like?

Slide 33: Global Growth in Defense Budgets

Slide 34: Solution: Global Monitoring

Slide 35: Global Monitoring Spotlight

Slide 36: Imperative for Global Monitoring

Slide 37: Unleashing the Potential of Earth Data + AI

Slide 38: Planet Global Monitoring Capabilities

Slide 39: Customer-Centric Solutions Approach

Slide 40: Site Monitoring

Slide 41: Site Monitoring

Slide 42: Unrivaled Global Coverage

Slide 43: AI Analytics for Broad Area Monitoring

Slide 44: Tip and Cue High-Resolution Satellite

Slide 45: Unleashing the Potential of Earth Data + AI

Slide 46: Area Monitoring

Slide 47: Seeing the Big Picture

Slide 48: EU Common Agricultural Policy Priorities & Spend

Slide 49: Solution: Area Monitoring System

Slide 50: Data + Insights Platform

Slide 51: Data Fuels Digital Transformation

Slide 52: Data Fuels Digital Transformation

Slide 53: Tracking Critical Planetary Variables

Slide 54: Meeting the Customer Where They Are

Slide 55: Supporting Industry Leaders Across Verticals

Slide 56: Satellite Services

Slide 57: The Ultimate High Ground

Slide 58: Market Sizing Stats

Slide 59: Satellite Services

Slide 60: Customer Evolution: Data, AI Solutions, and Satellite Services

Slide 61: Placing the Customer at the Center

Slide 62: Fireside Chat

Slide 63: World Class Execution in Space

Slide 64: Trusted by International Partners and Governments

Slide 65: Planet's Approach to Earth Observation

Slide 66: Planet's Constellation

Slide 67: Vertical Integration Optimizing for Speed, Agility and Efficiency

Slide 68: Vertical Integration Optimizing for Speed, Agility and Efficiency

Slide 69: Vertical Integration Optimizing for Speed, Agility and Efficiency

Slide 70: Vertical Integration Optimizing for Speed, Agility and Efficiency

Slide 71: Vertical Integration Optimizing for Speed, Agility and Efficiency

Slide 72: Awarded Multi-Year €240M Contract Funded by German Government

Slide 73: SmallSat Modular Tanager Architecture

Slide 74: Tanager: Planet's First Satellite Services Mission

Slide 75: Pelican

Slide 76: Why Planet Wins

Slide 77: Why Planet Wins

Slide 78: Why Planet Wins

Slide 79: Why Planet Wins