Short answer
Planet Labs PBC (PL) filed its Q2 2026 10-Q quarterly report on Jun 5, 2026 for the quarter ended Apr 30, 2026. Quarterly revenue was $94M (up 42.1% year over year) with net income of −$139M.
Q2 2026 key financials · XBRL
- Revenue
- $94M
- +42.1% YoY
- Net income
- −$139M
- −999.7% YoY
- Operating margin
- -37.1%
- Gross margin
- 53.5%
- EPS (diluted)
- −$0.40
- −900.0% YoY
Source: XBRL data from the Planet Labs PBC (PL) Q2 2026 10-Q on SEC EDGAR. USD.
Planet Labs PBC Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue and profitability figures absent from provided excerpt, which ends mid-MD&A
- Net dollar retention 113% vs 103% YoY, driven by large defense and intelligence contract expansions
- Recurring ACV 99% vs 97% YoY
- Capital expenditures 19% of revenue vs 14% YoY, driven by Pelican and medium-resolution satellites
- Future headwinds: rising capital expenditures and working capital for satellite growth and customer-owned satellite materials
Risk Factors
- Net loss $138.9 million in Q1 FY2026 versus $12.6 million, increasing uncertainty around profitability
- Germany manufacturing expansion, satellite services, and sensitive imagery heightening international sanctions, export-control, and tariff exposure
- Government and commercial competition, including free Landsat and Copernicus imagery, threatening pricing and market share
- Satellite development and launch delays risking customer delivery timelines and expected revenue recognition
- Accumulated deficit $1,588.7 million, underscoring ongoing capital-raising and funding requirements
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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