PLPlanet Labs PBC

$21.17

Is the business good?

How good a business is PL?

Planet Labs PBC keeps −32% of every revenue dollar as operating profit, against 9.6% for the median Aerospace & Defense name.

−32%

Operating margin · Aerospace & Defense median 9.6% · 12 months to Q1 2027

Share count, year on year
+15%

Share count, year on year · shareholders own a smaller slice than a year ago

R&D as % of revenue
35%

R&D as % of revenue

Gross margin
56%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY2021−77%
FY2022−98%
FY2023−92%
FY2024−77%
FY2025−48%
FY2026−31%
Details
Gross margin12 months to Q1 2027
56%
Operating margin12 months to Q1 2027
−32%
Net margin12 months to Q1 2027
−111%
Free cash flow margin
14%
R&D as % of revenue
35%
Revenue, trailing twelve months
$336M
Free cash flow, trailing twelve months
$47M
Net income, trailing twelve months
−$373M

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.