Planet Labs PBC Reports Record Revenue and Growth

Planet Labs Pbc ( (PL) ) has released its Q4 earnings. Here is a breakdown of the information Planet Labs Pbc presented to its investors.

Planet Labs PBC, a leading provider of daily satellite imagery and geospatial solutions, operates the largest Earth observation fleet of imaging satellites, serving diverse sectors including agriculture, intelligence, and finance.

Planet Labs PBC reported record revenue and gross margins for the fourth quarter and full fiscal year 2025, with significant growth in remaining performance obligations and backlog. The company also achieved its first quarter of adjusted EBITDA profitability.

Key highlights include a $230 million commercial agreement with SKY Perfect JSAT for Pelican satellites, selection by the US National Geospatial-Intelligence Agency for the Luno B IDIQ contract, and the successful launch of the Pelican-2 high-resolution satellite. The company also expanded partnerships with Bayer and Syngenta in the agricultural sector.

Despite a net loss for the year, Planet Labs showed improvement in its financial fundamentals, with a strong balance sheet and plans to achieve positive cash flow within 24 months. The company aims to leverage AI to accelerate solutions and increase data accessibility.

Looking forward, Planet Labs is focused on driving growth in core markets and doubling its revenue growth rate by fiscal year 2027, supported by its increased backlog and ongoing investments in space systems and AI-enabled solutions.