PLNYSERadio & Tv Broadcasting & Communications EquipmentUS GAAP · USD

Planet Labs PBC

Planet Labs PBC is a U.S.-based geospatial data company that operates a fleet of Earth-imaging satellites and delivers imagery, analytics, and related software through a cloud platform. Its business combines satellite operations, data processing, and subscription access to historical and near-daily Earth observation data for customers worldwide.

Kysy yhtiöstä
Liikevaihto308milj. USD
+25,9 %v/v
Liikevoitto (EBIT)−95,1milj. USD
+18,1 %v/v
EBIT-marginaali−30,9%
+16,6 %-yks.v/v
Nettotulos−247milj. USD
−100,4 %v/v
Vapaa kassavirta57,6milj. USD
+198,3 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2022–2026

−200−1000100200300400milj. USD2022: 131 milj. USD2022: EBIT −128 milj. USD20222023: 191 milj. USD2023: EBIT −176 milj. USD20232024: 221 milj. USD2024: EBIT −170 milj. USD20242025: 244 milj. USD2025: EBIT −116 milj. USD20252026: 308 milj. USD2026: EBIT −95 milj. USD2026308−95
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Planet Labs PBC

Liiketoiminta

Osuus liikevaihdosta
Data Solutions60 %

Subscription and usage-based access to Planet imagery and derived geospatial data.

Platform and Analytics Solutions25 %

Cloud-based software, analytics, and machine-learning tools built on Planet data.

Professional Services5 %

Training, analytical services, and customer support tied to platform adoption.

Third-Party Imagery and Other Services5 %

Resale of third-party imagery and other value-added services.

Satellite Services and Technology Partnerships5 %

Build-and-operate contracts and related satellite service arrangements for partners.

Asiakkaat

Planet sells primarily to enterprises, governments, and public-sector organizations that need frequent Earth observation data for monitoring, planning, and decision-making. Its customer base spans civil government, agriculture, defense and intelligence, and other vertical markets that use imagery and analytics to track change over time. The company also works with partners and resellers that distribute imagery or integrate Planet data into broader workflows.

Civil Government

Buys imagery and analytics for land, infrastructure, environmental, and public-sector monitoring.

Defense and Intelligence

Buys high-frequency Earth observation and tasking for situational awareness and mission support.

Agriculture

Buys imagery and analytics to monitor crops, acreage, and seasonal field conditions.

Commercial Enterprises

Buys platform access and analytics to embed geospatial insight into business workflows.

Partners and Resellers

Buy or distribute imagery and services to extend Planet's reach into end markets.

Strategia

Planet's strategy centers on expanding recurring subscriptions and usage-based contracts while increasing adoption within existing verticals. It also emphasizes land-and-expand selling, deeper customer usage, and new satellite and analytics capabilities that broaden the value of its data platform. Partnerships and partner-built satellite programs extend its reach and help create additional imagery and service opportunities.

Scale in existing vertical marketsKeskipitkä aikaväli

The company targets sectors where geospatial data adoption is already established and can expand with more use cases.

Land-and-expand customer growthLyhyt aikaväli

Recurring contracts can grow as customers add users, coverage, and analytics features.

Deepen product differentiationKeskipitkä aikaväli

Daily scans, historical archives, and analytics help defend pricing and retention.

Expand partner-led satellite programsKeskipitkä aikaväli

Build-and-operate contracts can create long-duration revenue and licensing rights.

Maantiede

Q2/2026

Planet operates globally, with imagery coverage and customer relationships spanning many countries through its cloud platform and partner channels. The United States is a key market because of federal, defense, and enterprise demand, while Europe and Asia also matter through government and commercial contracts. Its satellite fleet and data infrastructure support worldwide delivery, so geography affects both customer access and exposure to government funding, trade, and geopolitical risk.

North America49 %
EMEA47 %
Latin America3,7 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Planet faces concentration risk because a limited number of customers can account for a meaningful share of revenue and receivables, making results sensitive to renewals and contract timing. Its business also depends on successful satellite launches, operations, and supply relationships, while government funding, geopolitics, and cybersecurity can disrupt demand or service delivery. Because the company sells into competitive and evolving geospatial markets, product acceptance and pricing discipline remain important to long-term execution.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer concentration1Satellite and infrastructure failure2Cybersecurity and data integrity3Government funding and procurement disruption4Competitive and market adoption risk5Supplier and geopolitical risk6
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A small number of customers account for a substantial portion of revenue and receivables.

    Kohdistuu: Two customers were 15% and 11% of quarterly revenue; one customer was 22% of receivables.

  2. Satellite and infrastructure failureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Revenue depends on producing, launching, commissioning, and operating satellites on schedule.

    Kohdistuu: Fleet availability and launch timing directly affect imagery delivery and contract performance.

  3. Cybersecurity and data integrityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The platform, satellites, and customer data are attractive targets for attack.

    KohdistuuA breach could interrupt servicesHarm reputationTrigger contract losses
  4. Government funding and procurement disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    A meaningful portion of demand comes from U.S. and foreign government entities.

    Kohdistuu: Budget delays or funding interruptions can defer orders and service usage.

  5. Competitive and market adoption riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The geospatial market is evolving and customers may adopt alternative providers or workflows.

    Kohdistuu: Slower adoption could pressure new customer wins and pricing.

  6. Supplier and geopolitical riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Satellite hardware and operations rely on limited suppliers and cross-border execution.

    KohdistuuTrade tensionsTariffsConflict can affect componentsDelivery timelines
Kysy Clarifolta: Planet Labs PBC

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Different contract types use different recognition patterns, affecting timing of reported revenue.

Vaikutus: Subscriptions, usage-based contracts, and build-and-operate agreements are recognized differently.

Remaining performance obligations and backlog

These measures indicate future revenue timing and contract mix.

Vaikutus: Large multi-year contracts can shift revenue into later periods.

Property and equipment / long-lived assets

Satellite and ground infrastructure require depreciation and impairment judgments.

Vaikutus: Asset lives and recoverability affect expense timing and book value.

Capitalized software development costs

Software infrastructure is a meaningful part of the platform and may be capitalized.

Vaikutus: Capitalization decisions affect operating expense and future amortization.

Accounts receivable collectability

Customer concentration and unsecured receivables increase credit risk.

Vaikutus: Bad debt estimates can affect earnings and working capital.

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Päivitetty: 24.9.2026