Filing Flows › Planet Labs PBC (PL) › Q1 FY26
Planet Labs PBC (PL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 4, 2025
Planet Labs PBC (PL) reported revenue of $66.3M for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and +8% from the quarter before. Operating margin was -34.4%, net loss $12.6M (19.1% of revenue).
Planet Labs PBC, Q1 FY26: revenue $66.3M (+10% year over year), operating margin -34.4%, net loss $12.6M, operating cash flow $17.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.3M | +8% | +10% |
| Operating profit | −$22.8M | — | — |
| Net earnings | −$12.6M | — | — |
| Operating cash flow | $17.3M | — | — |
| Free cash flow | $9.2M | — | — |
What changed
Revenue was $66.3M in Q1 FY26, up 10% year over year and up 8% from the previous quarter.
Gross margin was 55.2%, up 2.8 points from a year earlier. Operating costs exceeded revenue by $22.8M, an operating margin of -34.4%. Operating expenses fell 10% while revenue rose 10%. The quarter ended with a net loss of $12.6M, narrower than the previous quarter's $35.2M loss. Non-operating items added $11.1M, -95% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $17.3M. Non-cash charges added back $11.1M of depreciation and amortization and $12.5M of share-based compensation. Working capital and other items added $6.3M. Capital expenditures of $8.1M left free cash flow of $9.2M.
Questions
What was Planet Labs PBC's revenue in the first quarter fiscal 2026?
Planet Labs PBC (PL) reported revenue of $66.3M for the first quarter fiscal 2026 (Q1 FY26), +10% from a year earlier and +8% from the quarter before.
Was Planet Labs PBC profitable in the first quarter fiscal 2026?
Operating loss was $22.8M (-34.4% of revenue) and net loss $12.6M.
Source: Planet Labs PBC 10-Q on SEC EDGAR.