Planet Labs PBC
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $307.7M | $244.4M | $220.7M | $191.3M | $131.2M | $113.2M | $95.7M |
| Cost of Revenue | $135.2M | $104.6M | $107.7M | $97.2M | $83.0M | $87.4M | $102.4M |
| Gross Profit | $172.5M | $139.7M | $113.0M | $94.0M | $48.2M | $25.8M | $-6.7M |
| Gross Margin | 56.1% | 57.2% | 51.2% | 49.2% | 36.8% | 22.8% | -7.0% |
| Operating Expenses | |||||||
| Research & Development | $106.7M | $101.0M | $116.3M | $110.9M | $66.7M | $43.8M | $37.9M |
| SG&A Expense | $88.1M | $77.1M | $80.1M | $80.7M | $56.7M | $32.1M | $27.0M |
| Operating Income | $-95.1M | $-116.1M | $-169.7M | $-175.7M | $-128.1M | $-87.4M | $-106.5M |
| Operating Margin | -30.9% | -47.5% | -76.9% | -91.9% | -97.6% | -77.3% | -111.2% |
| Interest Expense | — | — | $0 | $0 | $8.8M | $9.4M | $6.9M |
| Pretax Income | $-242.2M | $-120.7M | $-139.7M | $-161.1M | $-135.0M | $-126.0M | $-123.6M |
| Income Tax Expense | $4.7M | $2.5M | $815.0K | $847.0K | $2.1M | $1.1M | $130.0K |
| Net Income | $-246.9M | $-123.2M | $-140.5M | $-162.0M | $-137.1M | $-127.1M | $-123.7M |
| Net Margin | -80.2% | -50.4% | -63.7% | -84.7% | -104.5% | -112.3% | -129.2% |
| EPS (Basic) | $-0.80 | $-0.42 | $-0.50 | $-0.61 | $-0.57 | $-0.96 | $-0.96 |
| EPS (Diluted) | $-0.80 | $-0.42 | $-0.50 | $-0.61 | $-0.57 | $-0.96 | $-0.96 |
| Shares Outstanding (Basic) | 307.8M | 292.1M | 279.6M | 267.1M | 238.8M | 132.6M | 128.6M |
| Shares Outstanding (Diluted) | 307.8M | 292.1M | 279.6M | 267.1M | 238.8M | 132.6M | 128.6M |
| Dividends Per Share | — | — | — | — | — | — | — |