Core Viewpoint - Planet Labs PBC's stock surged over 36%, reaching a three-and-a-half-year high of $8.91, following strong financial results and an upward revision of revenue guidance for fiscal year 2026 [1] Financial Performance - The company reported a 20% year-over-year revenue growth for Q2, achieving a record revenue of $73.4 million, which is double the analysts' expectations [1] - Planet Labs PBC raised its revenue guidance for fiscal year 2026 to between $281 million and $289 million, an increase from the previous guidance of $265 million to $280 million provided in June [1]

Market Overview - U.S. stocks showed mixed trading with the Nasdaq Composite gaining approximately 150 points, while the Dow decreased by 0.20% to 45,310.19 and the S&P 500 rose by 0.20% to 6,494.70 [1] - Information technology shares increased by 1.1% on Monday [1] Sector Performance - Real estate stocks experienced a decline of 1% on Monday [2] Company Earnings - Planet Labs PBC shares surged around 14% after reporting a quarterly loss of 3 cents per share, which was better than the analyst consensus estimate of a loss of 4 cents per share. The company also reported quarterly sales of $73.386 million, exceeding the consensus estimate of $65.740 million. Additionally, Planet Labs raised its FY2026 sales guidance from $265 million-$280 million to $281 million-$289 million [3] Commodity Prices - Oil prices increased by 2.3% to $63.30, while gold rose by 0.1% to $3,655.10. Silver and copper also saw gains of 0.7% to $41.855 and 0.3% to $4.5650, respectively [5] Global Market Performance - European shares were higher, with the eurozone's STOXX 600 gaining 0.3% and Spain's IBEX 35 Index rising 0.6% [6] - Asian markets closed higher, with Japan's Nikkei 225 gaining 1.45% and Hong Kong's Hang Seng rising 0.85% [7] Notable Stock Movements - Rapport Therapeutics, Inc. saw its shares increase by 179% to $40.06 following positive Phase 2a clinical trial results. Beyond Air, Inc. shares surged 91% to $4.2201 after receiving Orphan Drug Designation from the FDA for BA-101 [8] - New Fortress Energy Inc. shares dropped 40% to $1.4601 after reporting a year-over-year decrease in second-quarter financial results [8]

Financial Data and Key Metrics Changes - The company generated $73.4 million in revenue, representing approximately 20% year-over-year growth, marking another quarter of growth reacceleration [3][14] - Non-GAAP gross margin was 61%, up from 58% a year ago, and adjusted EBITDA profit was $6.4 million, marking the third sequential quarter of adjusted EBITDA profitability [3][17] - Year-to-date cash flow from operating activities was $85.1 million, with year-to-date free cash flow of $54.3 million, representing a free cash flow margin of approximately 39% [3][19] Business Line Data and Key Metrics Changes - Revenue from the defense and intelligence sector grew approximately 41% year-over-year, while the commercial sector grew approximately 6% year-over-year, and civil government revenue was down approximately 4% year-over-year [14][17] - The backlog increased to $736.1 million, representing a year-over-year increase of 245%, providing excellent visibility to revenue over the next 12 to 24 months [4][20] Market Data and Key Metrics Changes - Revenue grew more than 50% year-over-year in Asia-Pacific and more than 30% in EMEA, while North America revenue was roughly flat year-over-year and Latin America revenue was down slightly [15] - The end-of-period customer count was 908 customers, reflecting a shift to focus on large customer opportunities [15] Company Strategy and Development Direction - The company is shifting its data business towards selling solutions, leveraging AI to enable speed and scale, and expanding its satellite services offering [2][10] - The company is aggressively pursuing strategic opportunities in satellite services, driven by the current geopolitical landscape and the desire for sovereign access to space [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving free cash flow positivity this fiscal year, over a year ahead of the prior target [4][23] - The company expects revenue for the full fiscal year 2026 to be between $281 million and $289 million, reflecting strong performance in Q2 and improved visibility for the back half of the year [22] Other Important Information - The company is currently in a growth CapEx investment cycle to build out next-generation fleets [18] - The company is hosting an Investor Day on October 16, 2025, to cover growth outlook and market opportunity [23] Q&A Session Summary Question: Growth dynamics related to Germany and JSAT contracts - Management discussed the importance of maritime domain awareness and the expansion of contracts with the U.S. Department of Defense [25][27] Question: Update on the pipeline of service contracts - Management highlighted strong demand and ongoing partnerships, particularly with Germany [31][32] Question: Usage levels and customer renewals - Management noted that while there has been an uptick in usage, they do not assume it will continue in subsequent quarters [39][40] Question: Update on satellite services deal capacities - Management clarified that the majority of satellite capacity remains available for other customers, ensuring a win-win situation [44] Question: Update on maritime domain awareness solutions - Management emphasized the unique position of the company in providing comprehensive monitoring solutions for maritime security [45][46] Question: Commercial sector growth and future outlook - Management indicated a turnaround in the commercial sector, driven by partnerships in agriculture, energy, and insurance [48][50] Question: Update on the Anthropic relationship - Management expressed optimism about AI collaborations, including partnerships with Anthropic and Google [53][54] Question: Monetization of the Tanager fleet - Management discussed ongoing methane detection work and potential revenue opportunities from the Tanager fleet [58][59] Question: Backlog distribution and revenue recognition - Management provided insights into the growth of backlog and the expected revenue recognition timeline [60][61]

Financial Data and Key Metrics Changes - The company generated $73.4 million in revenue, representing approximately 20% year-over-year growth, marking a quarter of growth reacceleration [3][13] - Non-GAAP gross margin was 61%, up from 58% a year ago, and adjusted EBITDA profit was $6.4 million, marking the third sequential quarter of adjusted EBITDA profitability [3][17] - Year-to-date cash flow from operating activities was $85.1 million, with year-to-date free cash flow of $54.3 million, representing a free cash flow margin of approximately 39% [3][18] - Remaining performance obligations (RPOs) were approximately $690 million, up approximately 516% year-over-year, with a backlog of $736 million, up approximately 245% year-over-year [19][4] Business Line Data and Key Metrics Changes - Revenue from the defense and intelligence sector grew approximately 41% year-over-year, driven by strong performance in core data and solutions business [4][14] - The civil government sector saw a revenue decline of approximately 4% year-over-year, largely due to the expiration of a partnership with Norway [7][14] - The commercial sector experienced revenue growth of approximately 6% year-over-year, driven by strong execution in agriculture and energy sectors [9][14] Market Data and Key Metrics Changes - Revenue grew more than 50% year-over-year in Asia-Pacific and more than 30% in EMEA, while North America revenue was roughly flat year-over-year [15] - Latin America revenue was down slightly, reflecting variability in timing of pilot contracts with the U.S. government [15] Company Strategy and Development Direction - The company is focusing on leveraging AI to enable speed and scale in its data business, shifting towards selling solutions [2] - There is a strong emphasis on expanding satellite services, with a €240 million multi-year collaboration with Germany and ongoing contracts with JSAT [10][11] - The company aims to be free cash flow positive this fiscal year, ahead of prior targets, indicating a strong growth trajectory [4][23] Management's Comments on Operating Environment and Future Outlook - Management highlighted the heightened global security challenges and rapid adoption of AI as factors increasing the value of the company's capabilities to customers [2] - The company expressed confidence in sustaining revenue growth rates heading into fiscal 2027, supported by a significant backlog [19][61] Other Important Information - The company is currently in a growth capital expenditure investment cycle, with planned capital expenditures of approximately $65 million to $75 million for the year [22] - An Investor Day is scheduled for October 16, 2025, to discuss growth outlook and market opportunities [23] Q&A Session Summary Question: Growth dynamics related to Germany and JSAT contracts - Management discussed the strong partnership with the U.S. Department of Defense and the expansion of maritime domain awareness capabilities [25][26] Question: Update on the pipeline of service contracts - Management noted strong demand and ongoing collaborations with strategic partners, emphasizing the ability to build satellites quickly [30][31] Question: Usage levels and customer renewals - Management indicated that while there has been an uptick in usage, they are cautious in assuming it will continue, looking at historical patterns [39] Question: Update on the Tanager fleet and monetization - Management highlighted successful methane detection work and ongoing revenue opportunities, indicating a strong commercial potential [55][56] Question: Backlog distribution and revenue recognition - Management explained that the backlog increase is driven by large contracts, with revenue expected to be recognized over multiple years [57][59]

Group 1 - Planet Labs PBC reported a quarterly loss of $0.03 per share, which is an improvement from a loss of $0.06 per share a year ago, aligning with the Zacks Consensus Estimate [1] - The company achieved revenues of $73.39 million for the quarter ended July 2025, exceeding the Zacks Consensus Estimate by 11.40% and up from $61.09 million year-over-year [2] - Planet Labs PBC shares have increased approximately 61.6% since the beginning of the year, significantly outperforming the S&P 500's gain of 10.2% [3] Group 2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Planet Labs PBC was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - Current consensus EPS estimate for the next quarter is -$0.04 on revenues of $68.62 million, and for the current fiscal year, it is -$0.10 on revenues of $272.47 million [7] Group 3 - The Satellite and Communication industry, to which Planet Labs PBC belongs, is currently ranked in the top 6% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8]

Financial Performance - Planet achieved record revenue of $73.4 million in Q2'26[16] - The company's Non-GAAP Gross Margin was 61% in Q2'26[16] - Adjusted EBITDA was $6.4 million in Q2'26[16] - Free Cash Flow year-to-date reached $54.3 million[16] - The company holds $271.5 million in Cash, Cash Equivalents, and Short-Term Investments[16] Business Growth - Backlog grew 245% year-over-year, reaching $736 million[39] - Revenue increased 20% year-over-year, reaching $73 million[40] - Over 90% of contracts are annual or multi-year[16] Strategic Initiatives - Planet successfully launched 2 high-resolution Pelican satellites[17, 20] - The company is focused on bringing next-generation high-resolution and hyperspectral data to market[58, 62] - Planet aims to drive strong and predictable revenue growth and expand gross margin with its one-to-many data subscription model[58]

The Earth imaging company operates hundreds of satellites in space. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. Commission file number 001-40166 Planet Labs PBC Indicate by check mark whether the registrant has submit ...

Exhibit 99.1 Planet Reports Financial Results for Second Quarter of Fiscal Year 2026 Delivered Record Revenue in Q2 of $73.4 million, Up +20% YoY Increased RPOs +516% YoY to $690.1 Million; Backlog +245% YoY to $736.1 Million Generated $85.1 Million of Year-to-Date Net Cash Provided by Operating Activities Delivered Year-to-Date Positive Free Cash Flow of $54.3 Million Successfully Launched 2 High Resolution Pelican Satellites San Francisco, CA – September 8, 2025 – Planet Labs PBC (NYSE: PL) ("Planet" or t ...

Sep 8, 2025 7:05 AM Eastern Daylight Time Planet Reports Financial Results for Second Quarter of Fiscal Year 2026 Share Delivered Record Revenue in Q2 of $73.4 million, Up +20% YoYIncreased RPOs +516% YoY to $690.1 Million; Backlog +245% YoY to $736.1 MillionGenerated $85.1 Million of Year-to-Date Net Cash Provided by Operating ActivitiesDelivered Year-to-Date Positive Free Cash Flow of $54.3 MillionSuccessfully Launched 2 High Resolution Pelican Satellites SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (N ...