Planet Labs PBC(US:PL)2025-09-08 12:30Financial 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]