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Planet Labs PBC cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$25.6M in Q2 FY27 · $24.7M over twelve months

Operating cash flow$52.9M
Capital spending−$27.3M
Free cash flow+$25.6M
Cash conversion cycle47 days

Analysis

In Q2 FY27, Planet Labs PBC generated $52.9M of operating cash flow and spent $27.3M on capital projects, leaving free cash flow of $25.6M. That is $21.9M less than in Q2 FY26 ($47.5M).

Over the twelve months to Jul 31, 2026, operating cash flow was $118M; the largest uses were other investing ($369M), capital spending ($93.0M), taxes on employees’ shares ($86.3M); besides operations, cash came from other financing ($639M), shares issued ($23.6M); the cash balance rose by $231M.

Operating cash flow was $52.9M against net income of −$9.4M. The largest differences: deferred revenue +$48.2M, stock-based pay +$17.1M, depreciation & amortization +$10.8M.

Its cash conversion cycle was 47 days (receivables 48 + inventory 17 − payables 18).

Free cash flow

Planet Labs PBC: free cash flow by quarterPlanet Labs PBC: free cash flow by quarter−$3.6MQ3 FY25−$17.9MQ4 FY25$9.2MQ1 FY26$47.5MQ2 FY26$1.9MQ3 FY26−$951KQ4 FY26−$1.9MQ1 FY27$25.6MQ2 FY27
Operating cash flow less capital spending.
Planet Labs PBC: operating cash flow against capital spendingPlanet Labs PBC: operating cash flow against capital spendingOperating cash flowCapital spending$4.1M$7.6MQ3 FY25−$6.3M$11.6MQ4 FY25$17.3M$8.1MQ1 FY26$67.8M$20.3MQ2 FY26$28.6M$26.7MQ3 FY26$20.6M$21.6MQ4 FY26$15.4M$17.3MQ1 FY27$52.9M$27.3MQ2 FY27
Latest (Q2 FY27): Operating cash flow $52.9M, Capital spending $27.3M.

Capital allocation, year by year

Planet Labs PBC: where the cash came from (up) and went (down), by fiscal yearPlanet Labs PBC: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsFY22: Operating cash flow −$42.2MFY22: Shares issued $10.6MFY22: Capital spending −$10.3MFY22: Acquisitions −$9.6M$10.6MFY22FY23: Operating cash flow −$73.9MFY23: Shares issued $14.7MFY23: Capital spending −$10.4MFY23: Acquisitions −$3.8M$14.7MFY23FY24: Operating cash flow −$50.7MFY24: Shares issued $7.4MFY24: Capital spending −$38.0MFY24: Acquisitions −$7.5M$7.4MFY24FY25: Operating cash flow −$14.4MFY25: Shares issued $4.4MFY25: Capital spending −$44.3MFY25: Acquisitions −$1.1M$4.4MFY25FY26: Operating cash flow $134MFY26: Net borrowing $449MFY26: Shares issued $27.7MFY26: Capital spending −$76.7MFY26: Acquisitions −$5.4M$611MFY26
Over these 5 years operating cash flow totalled −$46.9M; the largest uses were operating cash flow ($181M) and capital spending ($180M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$865M
Debtnone
Net cash$865M

Planet Labs PBC funds itself: free cash flow was $24.7M over the last twelve months, with $865M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Planet Labs PBC: sources (+) and uses (−) of cash, Q2 FY27Planet Labs PBC: sources (+) and uses (−) of cash, Q2 FY27Other financing$122MOther investing−$90.1MOperating cash flow$52.9MCash drawn (+) / kept (−)−$48.0MCapital spending−$27.3MTaxes on employees’ shares−$8.7MExchange rates−$1.3MShares issued$836K
Planet Labs PBC: sources (+) and uses (−) of cash, TTM to Q2 FY27Planet Labs PBC: sources (+) and uses (−) of cash, TTM to Q2 FY27Other financing$639MOther investing−$369MCash drawn (+) / kept (−)−$231MOperating cash flow$118MCapital spending−$93.0MTaxes on employees’ shares−$86.3MShares issued$23.6MExchange rates−$729K

From profit to cash

Planet Labs PBC: net income to operating cash flow, Q2 FY27Planet Labs PBC: net income to operating cash flow, Q2 FY27Net income−$9.4MDepreciation & amortization$10.8MStock-based pay$17.1MReceivables$1.5MInventory$179KPayables−$6.6MDeferred revenue$48.2MPrepaid and other assets−$8.1MOperating cash flow$52.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY2748171847
Q1 FY2769162064

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27$52.9M−$27.3M—$836K−$48.0M$25.6M
Q1 FY27$15.4M−$17.3M—$3.6M−$140M−$1.9M
Q4 FY26$20.6M−$21.6M−$5.4M$7.8M$214M−$951K
Q3 FY26$28.6M−$26.7M—$11.5M−$257M$1.9M
Q2 FY26$67.8M−$20.3M—$5.5M−$47.3M$47.5M
Q1 FY26$17.3M−$8.1M—$3.0M−$15.6M$9.2M
Q4 FY25−$6.3M−$11.6M—$4.0M$19.9M−$17.9M
Q3 FY25$4.1M−$7.6M—$32K$16.7M−$3.6M

Planet Labs PBC: income statement and cash flow

Planet Labs PBC, Q2 FY27: revenue $116M (+58% year over year), operating margin -11.6%. The chart follows the revenue to costs, profit and cash.

Planet Labs PBC: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.