Planet Labs (PL) Earnings Live: Recovery in Motion Amid Discounted Shares
Live Updates Live Coverage Updates appear automatically as they are published. Consensus Snapshot 2:31 pm by Joel South EPS Estimate (GAAP): -$0.088 EPS Estimate (Non-GAAP): -$0.033 Revenue Estimate: $62.25 million YoY Revenue Growth: +3.0% EBITDA Estimate: -$3.03 million EBITDA Margin: -4.87% Free Cash Flow (prior Q): -$21.6 million Consensus reflects another unprofitable quarter, though slightly […] The post Planet Labs (PL) Earnings Live: Recovery in Motion Amid Discounted Shares appeared first on 24/7 Wall St..
Live Updates
Updates appear automatically as they are published.
Consensus Snapshot
- EPS Estimate (GAAP): -$0.088
- EPS Estimate (Non-GAAP): -$0.033
- Revenue Estimate: $62.25 million
- YoY Revenue Growth: +3.0%
- EBITDA Estimate: -$3.03 million
- EBITDA Margin: -4.87%
- Free Cash Flow (prior Q): -$21.6 million
Consensus reflects another unprofitable quarter, though slightly improved on margin. Revenue of $62.25 million represents 3% year-over-year growth — a material deceleration from prior-year rates near 15%. That figure also sits just above the top end of company guidance ($61M–$63M), indicating low investor tolerance for a miss.
The market will scrutinize signs that PL’s fixed cost base is finally stabilizing, particularly as launches slow and variable COGS fall as a share of total opex. EBITDA is expected to remain negative but narrower than Q4’s result. Recent workforce restructuring is also anticipated to show up in lower SG&A. Importantly, the Street will parse whether growth is being achieved through higher recurring customer quality or continued reliance on short-term contracts.
Planet Labs enters its Q1 FY26 report amid a fragile but improving sentiment shift. The company has gained roughly 15% over the past month, clawing back some of the ground lost during a February–April drawdown tied to revenue deceleration and EPS misses. Still down ~1% year-to-date, PL remains deeply discounted relative to its long-term revenue multiple at IPO. The pivot from capital-intensive satellite launches to enterprise-focused data monetization has been in play for four quarters, but visibility into margin structure, contract duration, and customer retention remains inconsistent.
Q1 is expected to reflect continued stabilization in U.S. federal and allied government demand — particularly among intelligence and agricultural segments — and early traction from new vertical SaaS analytics. Management’s last call outlined efforts to enhance net retention through tiered packaging, cross-sell, and usage-based workflows. But commercial churn remains a drag, and PL’s long-term thesis now hinges on its ability to shift from map-as-a-service to embedded data infrastructure.
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