Planet Labs: Growth And Profit Inflection Is Real
Planet Labs is experiencing a sharp growth inflection, with Q3 2026 revenue up 33% y/y and backlog surging 216% to $734.5 million. PL's Satellite Services model drives capital efficiency, shifting from CAPEX-heavy to capital-light growth and enabling high-margin, recurring revenue streams through long-term contracts. Profitability has turned a corner, with four consecutive quarters of positive adj. EBITDA and guidance for positive free cash flow in FY26/27, reducing dilution risk.
Why Planet Labs Jumped 12% Yesterday
Planet Labs (PL) climbed +12% on January 12, 2026, in response to the announcement of a multi-year, low nine-figure agreement with the Swedish Armed Forces. The stock gapped up on substantial volume, breaking through recent resistance.
Planet Labs shares jump on Swedish Armed Forces deal, Wedbush raises price target
Planet Labs (NYSE:PL) shares jumped nearly 12% to about $25 after the company announced a new multi-year, nine-figure agreement with the Swedish Armed Forces to provide satellites, space-based data, and awareness solutions to support Sweden's military and security operations. Under the agreement, Sweden will own a suite of Planet satellites and will have access to the company's high-resolution data and intelligence products.
The Best Space Stock to Invest $1,000 in Right Now
Planet Labs made big promises ahead of its 2021 IPO -- but failed to fulfill them. In 2025, things suddenly changed, and Planet Labs became a free cash flow powerhouse.
Is Planet Labs Building Revenue Stability Through Government Deals?
PL leans into government contracts for revenue stability as its $734.5M backlog surges 216% year over year.
Up 35%, Why Planet Labs Just Tripled Its Backlog Overnight
For several years, Planet Labs (NYSE: PL), an Earth-imaging and geospatial analytics firm based in San Francisco, has exemplified the story of "appealing technology, disappointing stock." Investors were fascinated by the concept of a company capturing daily images of the whole Earth, yet they were displeased with its financial situation: stagnant growth, significant expenses, and reliance on government contracts.
Market Fetes Planet Labs' Earnings Beat, But High Multiples, Dilution Risks Loom
Planet Labs is downgraded from hold to sell due to unsustainable momentum and excessive valuation multiples. PL's Q3 revenue growth is driven almost entirely by Defense and Intelligence, with commercial and civil sectors stagnating or declining. Convertible notes pose imminent dilution risk, potentially increasing shares outstanding by 12% if current prices persist.
Overlooked Stock: PL Soars on Earnings, Upped Guidance & Government Funds
Planet Labs (PL) rocketed more than 30% to the upside Thursday after the satellite imaging and data company posted earnings and guidance that impressed investors and analysts. As George Tsilis explains, Planet Labs' "aggressive" move into the government sector helped boost its outlook.
This Space Stock Is up 500%. Did You Miss Your Opportunity?
Planet Labs ( NYSE:PL ) is up 30% in morning trading today, touching almost $17 per share after crushing third quarter earnings.
Planet Labs Stock Hits Record High After Strong Q3
Planet Labs PBC (NYSE:PL) stock is soaring today, up 32.6% to trade at $17.16 at last glance, after the company posted breakeven earnings per share on revenue of $81.3 million, surpassing the estimated losses of 2 cents per share and revenue of $72 million.
Planet Labs shares soar after strong Q3 earnings, AI demand drives growth
Planet Labs (NYSE:PL) shares surged 25% on Wednesday after the satellite imaging and AI-focused data company reported third-quarter fiscal 2026 results that beat analysts' expectations. Revenue rose 33% year-on-year to $81.3 million, well above the Street estimate of $72.2 million.
Planet Labs PBC (PL) Q3 2026 Earnings Call Transcript
Planet Labs PBC ( PL ) Q3 2026 Earnings Call December 10, 2025 5:00 PM EST Company Participants Cleo Palmer-Poroner William Marshall - Co-Founder, CEO & Chairman of the Board Ashley Whitfield Johnson - President & CFO Conference Call Participants Ryan Koontz - Needham & Company, LLC, Research Division Xin Yu - Deutsche Bank AG, Research Division Mike Latimore - Northland Capital Markets, Research Division Colin Canfield - Cantor Fitzgerald & Co., Research Division Jeff Van Rhee - Craig-Hallum Capital Group LLC, Research Division Kristine Liwag - Morgan Stanley, Research Division Trevor Walsh - Citizens JMP Securities, LLC, Research Division Gregory Pendy Christopher Quilty - Quilty Space Inc., Research Division Presentation Operator Thank you for joining us, and welcome to the Planet Labs PBC Third Quarter of Fiscal 2026 Earnings Call. [Operator Instructions] I will now hand the conference over to Cleo Palmer-Poroner, Director of Investor Relations.
