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    Planet Labs PBC (PL)

    Q1 2026 Earnings Summary

    Reported on Jun 4, 2025 (After Market Close)
    Pre-Earnings Price$3.99Last close (Jun 4, 2025)
    Post-Earnings Price$5.22Open (Jun 5, 2025)
    Price Change
    $1.23(+30.83%)
    MetricYoY ChangeReason

    Total Revenue

    Up approximately 9.6% (from $60,440k to $66,265k in Q1 FY 2026)

    Revenue increased driven by enhanced market demand and successful customer acquisition across key geographies, with the Q1 2026 figure benefiting from strong performance in regions like North America and Asia Pacific & Japan.

    Gross Profit

    Increased by 15.5% (from $31,683k to $36,603k in Q1 FY 2026)

    Gross profit improved due to a favorable mix of higher total revenue and efficient cost management, reflecting operational improvements over the previous period and more effective control over cost of revenue.

    Operating Expenses

    Dropped by about 10% (from $66,254k to $59,374k in Q1 FY 2026)

    Lower operating expenses resulted from cost-cutting measures and disciplined spending compared to Q1 FY 2025, indicative of streamlined operations and reduced discretionary expenses that improved overall profitability margins.

    Net Loss

    Narrowed by roughly 57% (from $29,293k to $12,628k in Q1 FY 2026)

    The dramatic reduction in net loss is a function of both top-line revenue growth and expense reductions, including lower operating expenses and improved cash flow metrics, which together drastically reduced the loss compared to the prior period.

    Operating Cash Flow

    Turned positive, rebounding from a negative balance (from –$6,295k to $17,346k in Q1 FY 2026)

    Operating cash flow improvement is driven by better working capital management and a significant increase in deferred revenue, along with a reduction in net loss and related non-cash adjustments, marking a strong turnaround from Q1 FY 2025.

    Total Assets

    Modest increase (to $658,390k in Q1 FY 2026 vs. $633,796k at FY 2025 year-end)

    Total assets grew modestly as increases in cash and accounts receivable offset declines in short-term investments and other asset categories, reflecting a balanced asset structure compared to the previous fiscal year.

    MetricPeriodGuidanceActualPerformance
    Revenue
    Q1 2026
    Between $61 million and $63 million
    $66.265 million
    Beat
    Capital Expenditures (CapEx)
    Q1 2026
    Between $11 million and $16 million
    $9.965 million (sum of $8.119 million, $1.225 million, and $0.621 million)
    Missed