PL - Planet Labs PBC
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$28.29
DETAILS
HIGH:
$50.00
LOW:
$12.30
MEDIAN:
$27.00
CONSENSUS:
$28.29
DOWNSIDE:
41.45%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 307.7 | 244.4 | 220.7 | 191.3 | 131.2 | 113.2 | 95.7 |
| Cost of Revenue | 135.2 | 104.6 | 107.7 | 97.2 | 83.0 | 87.4 | 102.4 |
| Gross Profit | 172.5 | 139.7 | 113.0 | 94.0 | 48.2 | 25.8 | (6.7) |
| Operating Expenses | |||||||
| R&D Expenses | 106.7 | 101.0 | 116.3 | 110.9 | 66.7 | 43.8 | 37.9 |
| SG&A Expenses | 160.8 | 154.8 | 166.4 | 158.8 | 109.6 | 69.4 | 61.9 |
| Other Expenses | 0 | 0 | 0 | 0.3 | 0 | 0.2 | 0 |
| Operating Expenses | 267.6 | 255.8 | 282.7 | 269.7 | 176.3 | 113.2 | 99.8 |
| Operating Income | |||||||
| Operating Income | (95.1) | (116.1) | (169.7) | (175.7) | (128.1) | (87.4) | (106.5) |
| Interest Expense | 3.4 | 0 | 0 | 0 | 8.8 | 9.4 | 6.9 |
| Interest Income | 14.3 | 10.3 | 15.4 | 7.7 | 0.0 | 0.1 | 0 |
| Profitability | |||||||
| EBITDA | (95.1) | (57.1) | (92.1) | (117.8) | (81.1) | (54.4) | (39.0) |
| EBIT | (95.1) | (102.7) | (139.7) | (161.1) | (126.2) | (116.6) | (116.6) |
| Income Before Tax | (242.2) | (120.7) | (139.7) | (161.1) | (135.0) | (126.0) | (123.6) |
| Income Tax Expense | 4.7 | 2.5 | 0.8 | 0.8 | 2.1 | 1.1 | 0.1 |
| Net Income | (246.9) | (123.2) | (140.5) | (162.0) | (137.1) | (127.1) | (123.7) |
| Per Share Data | |||||||
| EPS (Basic) | -0.80 | -0.42 | -0.50 | -0.61 | -0.52 | -2.95 | -2.87 |
| EPS (Diluted) | -0.80 | -0.42 | -0.50 | -0.61 | -0.52 | -2.95 | -2.87 |
| Shares Outstanding | 307.8 | 292.1 | 279.6 | 267.1 | 262.2 | 43.1 | 43.1 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 230.1 | 124.6 | 83.9 | 181.9 | 490.8 | 71.2 | 21.7 |
| Short-Term Investments | 410.6 | 104.0 | 215.0 | 226.9 | 0 | 0 | 0 |
| Net Receivables | 83.5 | 55.8 | 43.3 | 39.0 | 44.4 | 47.1 | 27.7 |
| Inventory | 6.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 45.0 | 17.7 | 27.9 | 27.9 | 1.7 | 1.4 | 3.1 |
| Total Current Assets | 775.4 | 302.2 | 370.2 | 475.7 | 551.5 | 125.4 | 60.3 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 165.2 | 141.5 | 135.8 | 128.5 | 133.3 | 159.9 | 186.6 |
| Goodwill | 143.5 | 136.3 | 136.3 | 112.7 | 103.2 | 88.4 | 88.4 |
| Intangible Assets | 26.6 | 27.5 | 47.4 | 26.2 | 25.0 | 17.7 | 22.0 |
| Long-Term Investments | 0 | 0 | 0 | 5.7 | 5.7 | 8.1 | 8.1 |
| Other Non-Current Assets | 35.1 | 26.3 | 12.4 | 9.6 | 8.5 | 5.5 | 4.9 |
| Total Non-Current Assets | 370.3 | 331.6 | 331.8 | 277.1 | 269.9 | 273.9 | 302.7 |
| Total Assets | 1,145.7 | 633.8 | 702.0 | 752.7 | 821.4 | 399.3 | 363.0 |
| Current Liabilities | |||||||
| Account Payables | 10.6 | 2.6 | 2.6 | 6.9 | 2.9 | 1.4 | 2.1 |
| Short-Term Debt | 7.3 | 0 | 0 | 0 | 0 | 8.2 | 10.8 |
| Deferred Revenue | 220.6 | 82.3 | 72.3 | 51.9 | 64.2 | 57.6 | 35.7 |
| Other Current Liabilities | 231.0 | 25.2 | 30.9 | 37.7 | 44.2 | 24.1 | 6.0 |
| Total Current Liabilities | 469.5 | 142.1 | 136.6 | 122.3 | 132.0 | 108.8 | 71.2 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 455.2 | 0 | 0 | 0 | 0 | 155.6 | 46.7 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 11.0 | 0 |
| Other Non-Current Liabilities | 5.1 | 26.9 | 25.1 | 34.3 | 37.6 | (9.7) | 27.5 |
| Total Non-Current Liabilities | 487.8 | 50.4 | 47.3 | 54.4 | 41.2 | 183.0 | 74.1 |
| Total Liabilities | 957.3 | 192.5 | 184.0 | 176.6 | 173.2 | 291.8 | 145.4 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,449.9) | (1,203.0) | (1,079.8) | (939.3) | (777.0) | (639.9) | (512.8) |
| Accumulated Other Comprehensive Income | 6.4 | (1.1) | 1.6 | 2.3 | 2.1 | 1.8 | 1.5 |
| Total Stockholders' Equity | 188.4 | 441.3 | 518.0 | 576.1 | 648.2 | 107.5 | 217.6 |
| Total Liabilities & Equity | 1,145.7 | 633.8 | 702.0 | 752.7 | 821.4 | 399.3 | 363.0 |
| Debt Metrics | |||||||
| Total Debt | 462.5 | 21.6 | 24.9 | 22.0 | 0 | 163.9 | 57.5 |
| Net Debt | 232.4 | (103.0) | (58.9) | (159.9) | (490.8) | 92.7 | 35.8 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (246.9) | (123.2) | (140.5) | (162.0) | (137.1) | (127.1) | (123.7) |
| Depreciation & Amortization | 41.8 | 45.6 | 47.6 | 43.3 | 45.0 | 62.2 | 77.6 |
| Stock-Based Compensation | 55.0 | 48.5 | 57.1 | 75.5 | 42.0 | 14.0 | 5.1 |
| Change in Working Capital | 121.3 | (2.9) | 3.8 | (23.9) | 9.5 | 13.9 | (6.0) |
| Other Non-Cash Items | 163.1 | 17.6 | (18.8) | (6.5) | (0.2) | 32.8 | 1.2 |
| Operating Cash Flow | 134.4 | (14.4) | (50.7) | (73.9) | (42.2) | (4.0) | (33.7) |
| Investing Activities | |||||||
| Capital Expenditure | (76.7) | (44.3) | (42.4) | (12.8) | (14.9) | (30.1) | (24.1) |
| Acquisitions | (5.4) | (1.1) | (7.5) | (3.8) | (9.6) | 0 | (2.5) |
| Purchases of Investments | (428.0) | (140.2) | (189.1) | (280.3) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 90.0 | 61.4 | 206.9 | 55.2 | 0 | 0 | 0 |
| Other Investing Activities | 27.0 | 182.1 | (5.8) | (0.6) | (0.6) | (0.7) | (0.6) |
| Investing Cash Flow | (393.1) | 57.9 | (33.6) | (242.3) | (25.1) | (30.8) | (27.2) |
| Financing Activities | |||||||
| Net Debt Issuance | 406.3 | 0 | 0 | 0 | (67.0) | 83.4 | (1.5) |
| Stock Repurchased | 0 | 0 | (9.0) | (6.3) | (5.6) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (84.6) | (21.5) | 7.4 | 14.2 | 561.7 | (86.0) | (49.6) |
| Financing Cash Flow | 357.1 | (15.5) | (1.6) | 7.9 | 489.2 | 83.9 | 8.7 |
| Cash Position | |||||||
| Net Change in Cash | 105.6 | 27.8 | (85.9) | (308.7) | 420.3 | 48.8 | (52.2) |
| Cash at Beginning | 130.0 | 102.2 | 188.1 | 496.8 | 76.5 | 27.7 | 79.9 |
| Cash at End | 235.6 | 130.0 | 102.2 | 188.1 | 496.8 | 76.5 | 27.7 |
| Free Cash Flow | 57.6 | (58.7) | (93.1) | (86.7) | (57.1) | (34.2) | (57.8) |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 307.7 | 244.4 | 220.7 | 191.3 | 131.2 | 113.2 | 95.7 |
| Gross Profit | 172.5 | 139.7 | 113.0 | 94.0 | 48.2 | 25.8 | (6.7) |
| Operating Income | (95.1) | (116.1) | (169.7) | (175.7) | (128.1) | (87.4) | (106.5) |
| Net Income | (246.9) | (123.2) | (140.5) | (162.0) | (137.1) | (127.1) | (123.7) |
| EPS (Diluted) | -0.80 | -0.42 | -0.50 | -0.61 | -0.52 | -2.95 | -2.87 |
| Balance Sheet | |||||||
| Cash & Equivalents | 230.1 | 124.6 | 83.9 | 181.9 | 490.8 | 71.2 | 21.7 |
| Total Assets | 1,145.7 | 633.8 | 702.0 | 752.7 | 821.4 | 399.3 | 363.0 |
| Total Debt | 462.5 | 21.6 | 24.9 | 22.0 | 0 | 163.9 | 57.5 |
| Stockholders' Equity | 188.4 | 441.3 | 518.0 | 576.1 | 648.2 | 107.5 | 217.6 |
| Cash Flow | |||||||
| Operating Cash Flow | 134.4 | (14.4) | (50.7) | (73.9) | (42.2) | (4.0) | (33.7) |
| Capital Expenditure | (76.7) | (44.3) | (42.4) | (12.8) | (14.9) | (30.1) | (24.1) |
| Free Cash Flow | 57.6 | (58.7) | (93.1) | (86.7) | (57.1) | (34.2) | (57.8) |