Planet Labs PBC (PL) Stock Price & Analysis
Planet Labs PBC (PL) closed at USD 13.08 on Thursday, October 22, 2026, down 4.60% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 13.71; the Oct 22, 2026 session ranged USD 12.87–13.59 on volume of 8,603,170 shares. Market capitalization is $4.76B, with a 52-week range of USD 10.52–51.76 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:57 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PL.md
Key facts (PL)
- Last four reported quarters (through Jul 31, 2026): revenue $378M, net income -$360M (-95.1% margin), free cash flow $24.7M (SEC filings).
- 1 of 80 tracked superinvestors hold PL (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 15 Form 4 filings, $32.0M; 1 not under a Rule 10b5-1 plan ($7.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (12 analysts), mean target USD 30.27 (range 17–50).
- Total return with dividends: 1Y +1.0% vs S&P 500 +14.9%; 5Y +30.9% vs S&P 500 +80.3%.
- Next earnings: 2026-09-03, EPS estimate USD -0.03, revenue estimate $104M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PL)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $131M | $191M | $221M | $244M | $308M | $378M |
| Gross profit | $48.2M | $94.0M | $113M | $140M | $172M | — |
| Operating income | -$128M | -$176M | -$170M | -$116M | -$95.1M | -$103M |
| Net income | -$137M | -$162M | -$141M | -$123M | -$247M | -$360M |
| EPS (diluted) | -$1.72 | -$0.61 | -$0.50 | -$0.42 | -$0.80 | — |
| Free cash flow | -$52.5M | -$84.4M | -$88.7M | -$58.7M | $57.6M | $24.7M |
| Gross margin | 36.8% | 49.2% | 51.2% | 57.2% | 56.1% | — |
| Operating margin | -97.6% | -91.9% | -76.9% | -47.5% | -30.9% | -27.2% |
| Net margin | -104.5% | -84.7% | -63.7% | -50.4% | -80.2% | -95.1% |
| Revenue growth | +15.9% | +45.8% | +15.4% | +10.7% | +25.9% | — |
| Cash + short-term investments | $491M | $409M | $299M | $222M | $640M | — |
| Total debt | $0K | — | — | $0K | $447M | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (PL)
P/S 12.6x · EV/Sales 11.5x · P/FCF 192.9x · P/B 8.4x · FCF yield 0.52% · Earnings yield -7.56% · Net cash $417M · EV $4.34B
Superinvestors (SEC 13F-HR, Q2 2026) (PL)
1 of 80 tracked investors hold PL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.04% | $4.9M | Reduced -30.3% |
Insider sales (SEC Form 4, open-market, last ~7 months) (PL)
14 of 15 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Robinson Kristen | Director | 40,000 | $566K | 17.4% | Yes (adopted January 22, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-10-13 | Raymond John W | Director | 6,494 | $99K | 14.9% | Yes (adopted January 22, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-10-01 | Brennan Ita M | Director | 11,500 | $187K | 4.4% | Yes (adopted January 14, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-09-17 | Johnson Ashley F. | President & CFO | 55,663 | $944K | 3.5% | Yes (adopted April 23, 2026) | Too little history (no open-market trades in 2025) |
| 2026-09-17 | Schingler Robert H | Co-Founder Chief Strategy Off. | 52,240 | $886K | 5.5% | Yes (adopted April 23, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-23 | Johnson Ashley F. | President & CFO | 110,028 | $2.4M | 6.1% | Yes (adopted April 23, 2026) | Too little history (no open-market trades in 2025) |
| 2026-07-15 | Robinson Kristen | Director | 37,107 | $930K | 13.9% | Yes (adopted January 22, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-07-13 | Raymond John W | Director | 6,494 | $170K | 13% | Yes (adopted January 22, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-07-10 | Schingler Robert H | Co-Founder Chief Strategy Off. | 89,593 | $2.3M | 7.9% | Yes (adopted July 14, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-07-10 | Marshall William Spencer | Co-Founder and CEO | 200,000 | $5.2M | 6.9% | Yes (adopted July 12, 2025) | Too little history (no open-market trades in 2024) |
| 2026-07-01 | Brennan Ita M | Director | 11,500 | $379K | 4.4% | Yes (adopted January 14, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-04-15 | Brennan Ita M | Director | 36,500 | $1.2M | 12.1% | Yes (adopted January 14, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-04-06 | Schingler Robert H | Co-Founder Chief Strategy Off. | 73,683 | $2.6M | 5.6% | Yes (adopted July 14, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-06 | Marshall William Spencer | Co-Founder and CEO | 200,000 | $7.0M | 5.9% | Yes (adopted July 12, 2025) | Too little history (no open-market trades in 2024) |
| 2026-04-02 | Johnson Ashley F. | President & CFO | 200,000 | $7.0M | 9.5% | No | Too little history (no open-market trades in 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PL)
Consensus Buy (mean 2.33 on a 1–5 scale), 12 analysts; mean target USD 30.27 (low 17, high 50).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Morgan Stanley | Target lowered | Equal-Weight | $35 → $19 |
| 2026-10-09 | Barclays | Initiated | Equal-Weight | $17 |
| 2026-09-04 | Citizens | Reiterated | Market Perform | |
| 2026-09-04 | Needham | Target lowered | Buy | $53 → $40 |
| 2026-07-14 | Goldman Sachs | Target raised | Neutral | $22 → $25 |
| 2026-07-01 | Wedbush | Reiterated | Outperform | $50 |
Total return (dividends reinvested) (PL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +1.0% | +30.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +1.0% | +5.5% |
| Volatility (annualized) | 91.5% | 80.0% |
| Max drawdown | -74.5% (May 2026→Oct 2026) | -84.7% (Nov 2021→Apr 2024) |
PL revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| EMEA | $55.2M | 47.6% | +135.2% |
| North America | $39.0M | 33.6% | +25.5% |
| Asia Pacific & Japan | $19.1M | 16.5% | +18.2% |
| Latin America | $2.7M | 2.4% | +2.5% |
| Total revenue | $116.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
PL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | SpaceX | “There are also a limited number of suppliers able to launch our satellites, including ArianeSpace SA, Blue Origin, LLC, Firefly Aerospace Inc., ISAR Aerospace Technologies Inc., Mitsubishi Heavy Industries, Ltd., NewSpace India Limited (Indian Space Research Organization), Rocket Lab USA Inc., Space Exploration Technologies Corp.” |
| Supplier | Blue Origin | “There are also a limited number of suppliers able to launch our satellites, including ArianeSpace SA, Blue Origin, LLC, Firefly Aerospace Inc., ISAR Aerospace Technologies Inc., Mitsubishi Heavy Industries, Ltd., NewSpace India Limited (Indian Space Research Organization), Rocket Lab USA Inc., Space Exploration Technologies Corp.” |
| Supplier | Firefly Aerospace Inc. (FLY) | “There are also a limited number of suppliers able to launch our satellites, including ArianeSpace SA, Blue Origin, LLC, Firefly Aerospace Inc., ISAR Aerospace Technologies Inc., Mitsubishi Heavy Industries, Ltd., NewSpace India Limited (Indian Space Research Organization), Rocket Lab USA Inc., Space Exploration Technologies Corp.” |
| Supplier | ISAR Aerospace Technologies | “There are also a limited number of suppliers able to launch our satellites, including ArianeSpace SA, Blue Origin, LLC, Firefly Aerospace Inc., ISAR Aerospace Technologies Inc., Mitsubishi Heavy Industries, Ltd., NewSpace India Limited (Indian Space Research Organization), Rocket Lab USA Inc., Space Exploration Technologies Corp.” |
| Supplier | Mitsubishi Heavy Industries | “There are also a limited number of suppliers able to launch our satellites, including ArianeSpace SA, Blue Origin, LLC, Firefly Aerospace Inc., ISAR Aerospace Technologies Inc., Mitsubishi Heavy Industries, Ltd., NewSpace India Limited (Indian Space Research Organization), Rocket Lab USA Inc., Space Exploration Technologies Corp.” |
| Supplier | NewSpace India | “There are also a limited number of suppliers able to launch our satellites, including ArianeSpace SA, Blue Origin, LLC, Firefly Aerospace Inc., ISAR Aerospace Technologies Inc., Mitsubishi Heavy Industries, Ltd., NewSpace India Limited (Indian Space Research Organization), Rocket Lab USA Inc., Space Exploration Technologies Corp.” |
| Supplier | Rocket Lab USA | “There are also a limited number of suppliers able to launch our satellites, including ArianeSpace SA, Blue Origin, LLC, Firefly Aerospace Inc., ISAR Aerospace Technologies Inc., Mitsubishi Heavy Industries, Ltd., NewSpace India Limited (Indian Space Research Organization), Rocket Lab USA Inc., Space Exploration Technologies Corp.” |
| Supplier | Stoke Space Technologies | “(SpaceX), and Stoke Space Technologies, Inc. Increased tariffs on our suppliers' products are expected to increase the cost of manufacturing and deploying our satellites.” |
| Partner | Alphabet (Google) (GOOGL) | “These efforts include our technology partnerships, such as with Carbon Mapper and NASA Jet Propulsion Laboratory, our partnerships with Telesat and SES as part of the NASA Communications Services Project ("CSP"), and our research and development services partnership with Google LLC ("Google").” |
| Competitor | Airbus | “Competition in Earth Observation Satellites and Satellite Services: We see the market for satellite imagery, satellite manufacturing and satellite services and related products and services as mainly divided between incumbents, such as Airbus Defense and Space, Vantor Holdings, Inc. and Intuitive Machines Inc., and next generation players, such as BlackSky Technology, Inc., Satellogic Inc., and CG Satellite.” |
| Competitor | Apple (AAPL) | “Existing competitors include (without limitation) Airbus Defense and Space, BlackSky Technology, Inc., ImageSat International N.V., Vantor Holdings, Inc., Intuitive Machines, Inc., Satellogic Inc., and CG Satellite, foreign governments including India, South Korea, Taiwan and others that sell their data commercially, as well as global technology companies and aggregators of imagery and imagery-related products and…” |
| Competitor | Microsoft (MSFT) | “Existing competitors include (without limitation) Airbus Defense and Space, BlackSky Technology, Inc., ImageSat International N.V., Vantor Holdings, Inc., Intuitive Machines, Inc., Satellogic Inc., and CG Satellite, foreign governments including India, South Korea, Taiwan and others that sell their data commercially, as well as global technology companies and aggregators of imagery and imagery-related products and…” |
| Competitor | Amazon (AMZN) | “In addition, the increase in launch vehicle development along with frequent and routine transport access to space, as well as the new fleets of satellites from companies such as SpaceX, OneWeb and Amazon Leo, may lower barriers to entry and further increase risk of competition or such companies may decide to compete directly.” |
Quoted from the company's 10-K filed Mar 23, 2026.
PL customer concentration
In the period ended Jul 31, 2026, 3 direct customers each accounted for at least 10% (17%, 11%, 10%) of revenue, per the company's 10-Q filed Sep 3, 2026. The company does not name them.
PL company outlook (results filed Sep 3, 2026)
- “For the third quarter of fiscal year 2027, ending October 31, 2026, Planet expects revenue to be in the range of approximately $101 million to $105 million.”
- “Non-GAAP gross margin is expected to be in the range of approximately 56% to 58%.”
- “Adjusted EBITDA loss is expected to be in the range of approximately ($6) to ($1) million for the quarter.”
- “Capital expenditures are expected to be in the range of approximately $30 million and $37 million for the quarter.”
Analysts expect $104.4M for the current quarter, 1.4% above the midpoint of the company's guidance ($103.0M).
Quoted word-for-word from the SEC 8-K results press release.
PL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $-0.03 | $-0.02 | +16.7% | $104.4M | 6 |
| Next quarter (ends Jan 2027) | $-0.03 | $-0.01 | +86.6% | $123.6M | 6 |
| Current fiscal year (ends Jan 2027) | $-0.06 | $-0.08 | -32.5% | $437.7M | 8 |
| Next fiscal year (ends Jan 2028) | $-0.00 | $0.00 | -137.5% | $570.5M | 8 |
PL options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 72.6% | ±7.9% |
| Nov 6, 2026 | 14 | 70.8% | ±11.6% |
| Nov 13, 2026 | 21 | 72.2% | ±14.3% |
| Nov 20, 2026 | 28 | 77.6% | ±17.6% |
| Nov 27, 2026 | 35 | 69.0% | ±17.4% |
| Dec 4, 2026 | 42 | 76.3% | ±22.4% |
| Dec 18, 2026 | 56 | 90.4% | ±28.6% |
| Jan 15, 2027 | 84 | 80.5% | ±30.9% |
30-day implied volatility 70.3% vs 65.5% realized over the last 30 trading days. Put/call ratio (volume) 1.23. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:57 UTC)
| Price | USD 13.08 |
|---|---|
| Change | ▼ 4.60% (down) |
| Previous Close | USD 13.71 |
| Open | USD 13.26 |
| Day Range | USD 12.87 – 13.59 |
| 52-Week Range | USD 10.52 – 51.76 |
| Volume | 8,603,170 shares |
| Market Cap | $4.76B |
| Exchange | NYQ |
Technical Analysis (PL)
Nexqual's technical model rates PL "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:57 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 30.22 (neutral) |
| vs SMA50 | Below (USD 17.98) |
| MACD | -1.3 (negative) |
Analyst Ratings (PL)
Wall Street analysts rate PL "Buy" based on 12 analysts, with a mean price target of USD 30.27 (range USD 17–50), per Nexqual as of October 23, 2026 at 09:57 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 30.27 |
| High Target | USD 50 |
| Low Target | USD 17 |
| Buy / Hold / Sell | 7 / 5 / 0 |
Earnings (PL)
| Next Earnings Date | 2026-09-03 |
|---|---|
| EPS Estimate | USD -0.03 |
| Revenue Estimate | $104.43M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 0.02 vs est -0.02 ▲ beat |
| 2026-04-30 | USD -0.03 vs est -0.04 ▲ beat |
| 2026-01-31 | USD 0 vs est -0.05 ▲ beat |
| 2025-10-31 | USD 0 vs est -0.04 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Financials & Fundamentals (PL)
| Total Revenue | $378.28M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +58.10% |
| Gross Margin | +55.49% |
| Operating Margin | -12.00% |
| Profit Margin | -95.13% |
| ROE | -71.97% |
| Debt / Equity | 0.88 |
| Current Ratio | 2.84 |
| Total Cash | $865.42M |
| Total Debt | $498.62M |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $24.67M (6.5% of revenue) |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Financial Health Score (PL)
Nexqual rates Planet Labs PBC's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:57 UTC.
| Growth | Strong — Revenue +26% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 55%, operating -12% (last 12 months) |
| Balance Sheet | Mixed — $865M cash and investments vs $448M debt (Jul 2026, SEC), net cash |
| Cash Flow | Solid — FCF $25M (last 4 quarters to Jul 2026, SEC), 7% margin |
| Efficiency | Critical — ROE -72%, ROA -5.0% |
Ownership (PL)
| Insider Ownership | +1.27% |
|---|---|
| Institutional Ownership | +83.05% |
| Shares Outstanding | 340.35M |
| Float | 302.21M |
| Short % of Float | +11.02% |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Leadership (PL)
Planet Labs PBC is led by William Spencer Marshall, Co-Founder, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 09:57 UTC.
| Co-Founder, CEO & Chairman of the Board | William Spencer Marshall |
|---|---|
| President & CFO | Ashley Whitfield Fieglein Johnson |
| Co-Founder, Chief Strategy Officer & Inside Director | Robert Henry Schingler |
| Chief Product & Technology Officer | Kevin Kirn |
| Vice President of Investor Relations | Christopher Genualdi |
Major Backers & Investors (PL)
Notable institutional backers of Planet Labs PBC include Alphabet Inc., American Century Companies Inc, Van Eck Associates Corporation, according to Nexqual as of October 23, 2026 at 09:57 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Alphabet Inc. | 10.36% |
| American Century Companies Inc | 4.23% |
| Van Eck Associates Corporation | 2.91% |
| Shaw D.E. & Co., Inc. | 2.86% |
| Driehaus Capital Management, LLC | 1.97% |
| Tema ETF Trust-Tema Space Innovators ETF | 1% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 7.29% |
| BlackRock | 5.43% |
| Geode Capital | 1.86% |
| State Street | 1.61% |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
From Planet Labs PBC's Latest SEC 10-K Filing (filed 2026-03-23)
Key Strengths & Strategy (as disclosed to the SEC)
- Our daily stream of proprietary data and machine learning analytics, delivered over our platform, helps companies, governments and civil society use satellite imagery to discover insights as change happens.
- Our cloud-native Earth Observation platform enables customers and partners to access, analyze, and act on our proprietary data catalog by discovering relevant data layers, task high resolution satellites including dedicated image tasking capacity, extract useful information, and deliver insights through custom-built solutions or geographical information system ("GIS") workflows via APIs and browser-based applications.
- Our advanced space systems enable the capture of comprehensive, high quality, proprietary data, which power our platform, enhanced by advanced analytics that utilize both Planet and partner AI and machine learning to provide solutions to our customers.
- Our R&D team at Planet is also responsible for developing and innovating our proprietary technology platform.
Partnerships
- Complementing our foundational data offerings, we have advanced data processing capabilities that enable us to produce "AI-ready" data sets and offer AI-enabled solutions, either directly or through partnership with third parties.
- Tanager was developed in collaboration with NASA's Jet Propulsion Laboratory and sponsored by Carbon Mapper, a philanthropically funded effort to detect and track methane and CO2 super-emitters.
Legal & Regulatory Risks (Item 1A, quoted)
- We operate in a highly regulated industry and government regulations may adversely affect our ability to sell our offerings, may increase the expense of such offerings or otherwise limit our ability to operate or grow our business.
- The rules and regulations of these regulatory authorities are subject to change and may not continue to permit our operations as currently conducted or as we plan to conduct them.
- We are subject to anti-corruption and anti-bribery laws and anti-money laundering and similar laws, and non-compliance with such laws can subject us to criminal and/or civil liability and harm our business.
- We are subject to international trade laws and regulations that could impair our business operations and ability to compete in international markets or subject us to liability if we violate applicable controls.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HXL | Hexcel Corporation | USD 81.27 | ▼ 9.54% |
| SARO | StandardAero, Inc. | USD 21.72 | ▲ 1.26% |
| KTOS | Kratos Defense & Security Solut | USD 38.27 | ▼ 1.21% |
| CAE | CAE Inc | USD 25.02 | ▲ 2.08% |
| DRS | Leonardo DRS, Inc. | USD 34.3 | ▲ 1.06% |
| HII | Huntington Ingalls Industries, | USD 278.86 | ▲ 1.79% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:57 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt