Planet Labs PBC
Planet Labs Reports Record Annual Revenue and Positive Cash Flow for 2026
Summary
Planet Labs PBC announced its financial results for the fourth quarter and full fiscal year 2026, reporting record annual revenue of $308 million and a significant increase in backlog to over $900 million. The company also generated $134 million in net cash provided by operating activities and $53 million in free cash flow for the year. Looking ahead, Planet Labs expects revenue for the first quarter of fiscal year 2027 to be in the range of $87 million to $91 million, with full-year revenue expected between $415 million and $440 million. The company's strong financial performance and outlook reflect its continued growth and market position in the satellite data and insights sector.
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About Planet Labs PBC
Planet Labs PBC is a leading Earth imaging and data analytics company specializing in capturing and providing frequent, high-resolution satellite imagery of the Earth. Its primary function is to operate fleets of small, specialized satellites—often called "Doves"—that capture detailed images of Earth's surface daily. This vast constellation of satellites enables Planet Labs to provide valuable insights and data across various sectors, including agriculture, forestry, urban planning, and environmental monitoring. Through its continuous data acquisition capabilities, Planet Labs empowers businesses, governments, and researchers with critical information needed for timely decision-making and strategic planning. The company plays a significant role in enhancing the understanding of global environmental changes, supporting disaster response efforts, and optimizing land use planning. Established in 2010 and headquartered in San Francisco, Planet Labs is at the forefront of revolutionizing how data from space is used to inform decisions on Earth, establishing a new paradigm in satellite data accessibility and utilization. Its contributions span across numerous industries, making it a pivotal player in the space and geospatial information markets.
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