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Apr 30
Planet Labs Q1 2025 Earnings Report
Estimated Revenue:$62.6M
+11.5% YoY
Estimated EPS:-$0.02
+87.4% YoY
Key Takeaways
Planet Labs delivered record revenue of $66.3M and achieved positive free cash flow for the first time, while narrowing its net loss year-over-year.
Achieved record revenue of $66.3M, up from $60.4M last year
Reported net loss of $12.6M, an improvement over $29.3M loss last year
Generated $8.0M in free cash flow, marking the first-ever positive quarter
Adjusted EBITDA turned positive at $1.2M
Planet Labs
Planet Labs
Forward Guidance
Planet expects Q2 FY26 revenue to be in the range of $65M to $67M, with non-GAAP gross margin between 56% and 57%, and adjusted EBITDA loss of $2M to $4M.
Positive Outlook
- Projected revenue range up to $67M
- Sustained strong non-GAAP gross margin between 56%-57%
- Continued investment in AI-enabled products and insights
- Visibility into accelerated revenue growth
- Strategic contracts with government and defense sectors
Challenges Ahead
- Expected adjusted EBITDA loss between $2M and $4M
- Higher capital expenditures projected at $17M–$22M
- Profitability remains a challenge on a GAAP basis
- Ongoing litigation expenses impacting G&A costs
- Stock-based compensation remains a significant cost
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Key Statistics
Market Cap
$3.51B
P/E Ratio
-30.43
Sector
Technology Services
Industry
Packaged Software
52-Week High
$15.6
52-Week Low
$2.95
Recurring ACV %
97%
Adjusted EBITDA
$1.2M
Net Cash from Ops
$17.3M
Backlog
$527M
RPO
$452M