Planet Labs PBC (PL) FY2025 10-K Annual Report

Filed: Mar 26, 2025
Information Technology
Radio & Tv Broadcasting & Communications EquipmentSEC EDGAR

Planet Labs PBC (PL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 26, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Planet Labs PBC FY2025 10-K Analysis

Business Overview

  • Core business model: subscription-based licensing of proprietary daily Earth imaging data and analytics via cloud-native platform from largest Earth observation satellite fleet
  • New product emphasized: Tanager hyperspectral satellite launched Aug 2024 enables full-spectrum imaging over 400 bands for methane and CO2 super-emitter detection
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Management Discussion & Analysis

  • Revenue details and YoY change not explicitly provided in text excerpt
  • Net Dollar Retention Rate 106% in 2025 vs 101% in 2024; Percent of Recurring ACV 97% in 2025 vs 93% in 2024
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Risk Factors

  • Regulatory risk: compliance with U.S. export/import controls and economic sanctions regulations amid expanding trade policies and retaliatory tariffs
  • Geopolitical risk: exposure to political instability and sanctions affecting international operations, including restrictions in Europe and other markets
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Planet Labs PBC FY2025 Key Financial Metrics
XBRL

Revenue

$244M

+10.7% YoY

Net Income

-$123M

+12.3% YoY

Gross Margin

57.2%

+600bp YoY

Operating Margin

-47.5%

+2939bp YoY

Net Margin

-50.4%

+1325bp YoY

ROE

-27.9%

-79bp YoY

Total Assets

$634M

-9.7% YoY

EPS (Diluted)

$-0.42

+16.0% YoY

Operating Cash Flow

-$14M

+71.7% YoY

Source: XBRL data from Planet Labs PBC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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