Planet Labs (PL) Soars to All-Time High on Upbeat Outlook

Core Viewpoint - Planet Labs PBC (NYSE:PL) has experienced significant stock performance, reaching an all-time high due to an improved growth outlook for fiscal year 2026 [1][4]. Financial Performance - The company now expects revenues for the full fiscal year to be between $297 million and $301 million, an increase from the previous forecast of $281 million to $289 million [2]. - For the third quarter, Planet Labs reported revenues of $81.2 million, a 32.4 percent increase from $61.3 million in the same period last year [3]. - The adjusted EBITDA is now projected to be positive, ranging from $6 million to $8 million, compared to an earlier outlook of a loss of $7 million [2]. Stock Performance - On the day of the report, Planet Labs' stock reached a peak price of $17.98 during intra-day trading, ultimately closing at $17.47, reflecting a 35.01 percent increase [1]. Management Commentary - The Chairman and CEO of Planet Labs, Will Marshall, highlighted the strong third-quarter performance, emphasizing continued business momentum, accelerated revenue growth, and progress towards profitability goals [4]. Net Loss - Despite the positive revenue outlook, the net loss for the company nearly tripled to $59 million from $20 million in the same comparable period [4].