StockDriftsPlanet Labs PBC · PL · 8-K · Filed
Reports Q2 FY27 revenue up 58% to $116.1M, issues Q3 and FY27 guidance
Source: SEC EDGAR, accession 0001193125-26-381874 · Items 2.02, 9.01
What did Planet Labs PBC announce?
Planet Labs PBC announced record Q2 FY27 revenue of $116.1 million, a 58% year-over-year increase, with adjusted EBITDA profit of $13.9 million.
Key details
- Q2 FY27 net loss was ($9.4) million compared to ($22.6) million in Q2 FY26.
- Q2 FY27 GAAP net loss per share was ($0.03) and non-GAAP net income per share was $0.02.
- Cash, cash equivalents and short-term investments increased 219% year-over-year to $865.4 million.
- For Q3 FY27, Planet expects revenue between $101 million and $105 million.
Reported results
| Measure | Reported |
|---|---|
| Period | Q2 FY27 |
| Revenue | $116.1M |
| Revenue, year ago | $73.30M |
| Revenue growth, YoY | +58.4% |
| Gross margin | 57.0% |
| Diluted EPS | $-0.03 |
| Reporting currency | USD |
Figures as reported by Planet Labs PBC in this filing, in USD. Year-over-year growth is calculated from the two revenue lines above.
Guidance
For Q3 FY27, Planet expects revenue to be in the range of approximately $101 million to $105 million. Non-GAAP gross margin is expected to be in the range of approximately 56% to 58%. Adjusted EBITDA loss is expected to be in the range of approximately ($6) to ($1) million for the quarter. Capital expenditures are expected to be in the range of approximately $30 million and $37 million for the quarter. For the full FY27, Planet expects revenue to be in the range of approximately $430 million to $441 million. Non-GAAP gross margin is expected to be in the range of approximately 55% to 57%. Adjusted EBITDA profit is expected to be in the range of approximately $3 million and $10 million. Capital expenditures are expected to be in the range of approximately $100 million and $115 million for the year.
Why it matters
This 8-K reports a results announcement at Planet Labs PBC. The likely share-price reaction reads as positive.