Reading the tape
NYSE: PL
Planet Labs PBC
Industrials · Aerospace & Defense
Market Cap
$12.60B
52w High
$41.71
52w Low
$3.47
P/E
-50.19
Volume
12.09M
Outstanding Shares
322.66M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 981.44%Revenue (TTM): 25.94%FCF (TTM): 182.02%P/S: 100th pct
What changed
The stock rose 981.44% over the last year. Revenue grew 25.94% over the trailing twelve months. Operating margin moved from -47.52% to -30.9%. Free cash flow grew 182.02% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (100th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at -30.9% — continued expansion would be needed to justify the premium. Revenue growth of 25.94% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide.
CEOWilliam Spencer Marshall
SectorIndustrials
IndustryAerospace & Defense
Employees810
IPO dateApr 26, 2021
Valuation
Forward P/E—
EV/EBITDA-83.28
Enterprise value$7.92B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth41.05%
Gross margin56.05%▼1.98%vs FY2025
Operating margin-30.9%▲34.99%vs FY2025
ROE-131.01%▼369.27%vs FY2025
Analyst consensus
RatingBuy
Target price$25.54▼34.58%
12
Buy
10
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 4, 2026
Q2 FY26 · EPS est -$0.03 · Revenue est $90M
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