Planet Labs PBC (PL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Planet Labs PBC

NYSE•Industrials•Aerospace & Defense

$18.12-0.23(-0.01%)Market closed

Market Cap

$5.90B

P/S

15.6x

P/B

10.5x

Planet Labs PBC engages in the design, construction, and launch of constellations of satellites with the intent of providing high-cadence geospatial data delivered to customers through an online platform in the United States and internationally. The company offers SuperDove satellites to create an always-online scanner for the planet, with the goal of imaging the Earth every day at a ground sampling distance (GSD) resolution of up to 3.5 meters. This combines planet monitoring with other scientific-grade radiometric data from public satellite data programs; and SkySat and Pelican satellites to capture a specified location several times per day, achieving a GSD resolution of up to 50 centimeters after processing, powered by an application programming interface. It also provides Tanager, a hyperspectral imaging satellite that delivers full-spectrum imagery across the visible and shortwave infrared regions, and the Earth Observation platform, which enables customers and partners to access, analyze, and act on its proprietary data catalog by discovering image tasking capacity, relevant data layers, extracting useful information, and delivering insights through custom-built solutions or GIS workflows via APIs and browser-based applications. In addition, the company's satellite services arrangements include designing and manufacturing customer-owned satellites, mission systems engineering, launch procurement, ground station infrastructure, satellite operations, and maintenance, as well as dedicated image tasking capacity on company-owned or customer-owned satellites. It serves agriculture, mapping, energy, forestry, finance, and insurance companies, as well as government agencies. Planet Labs PBC was founded in 2010 and is headquartered in San Francisco, California.

How this company scores

WeakMetricSide Score: 41/100

Grade capped at D — Interest coverage below 1× (-17.8x) — earnings cannot cover interest. Strongest: Growth (16/25); weakest: Cash & Earnings Quality (4/25).

Profitability9/25

Growth16/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality4/25

Strengths

Growing revenueConsistent growthImproving margins

Grade capped at D

Interest coverage below 1× (-17.8x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 15.6x5y range 2.2x – 35.1x

Currently above its 19-quarter median.

P/B · 10.5x5y range 0.7x – 42.1x

Currently above its 19-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $5.90B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $378.28M
Q. Revenue: $116.05M
TTM EBITDA: $-40.11M
TTM Op. Income: $-102.74M
Q. Op. Income: $-13.51M
TTM Net Income: $-359.87M
Q. Net Income: $-9.35M
EPS: $-0.03
Shares Out.: $359.59M

$378.28M in TTM revenue grew 44.1% YoY, reaching $116.05M last quarter. TTM EBITDA of $-40.11M and TTM operating income of $-102.74M show growth is flowing through to the bottom line. However, net income is negative at $359.87M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 56.6%
EBITDA Margin: -2.3%
Op. Margin: -11.6%
Net Margin: -8.1%

Op. margin of -11.6% is up 12.8% YoY — cost efficiency is improving. Net margin at -8.1% and gross margin of 56.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 15.6x
P/B Ratio: 10.5x

P/S of 15.6x and P/B of 10.5x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.43B
Cash: $415.13M
Long-Term Debt: $448.25M
Book Value: $564.35M
D/E Ratio: 0.8
Debt/EBITDA: N/A

With $1.43B in assets and $448.25M in long-term debt, D/E is 0.8and book value is $564.35M — a conservative capital structure with a cushion to weather downturns. Across the last 4 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $52.95M
TTM Free Cash Flow: $24.67M
FCF Margin: 6.5%
FCF / Net Income: -0.1

TTM FCF of $24.67M on $52.95M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.