Filing Flows › Planet Labs PBC (PL) › Q1 FY27
Planet Labs PBC (PL) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 5, 2026
Planet Labs PBC (PL) reported revenue of $94.2M for the first quarter fiscal 2027 (Q1 FY27), +42% from a year earlier and +8% from the quarter before. Operating margin was -37.1%, net loss $139M (147.5% of revenue).
Planet Labs PBC, Q1 FY27: revenue $94.2M (+42% year over year), operating margin -37.1%, net loss $139M, operating cash flow $15.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $94.2M | +8% | +42% |
| Operating profit | −$34.9M | — | — |
| Net earnings | −$139M | — | — |
| Operating cash flow | $15.4M | -25% | -11% |
What changed
Revenue was $94.2M in Q1 FY27, up 42% year over year and up 8% from the previous quarter.
Gross margin was 53.5%, down 1.7 points from Q1 FY26. Operating costs exceeded revenue by $34.9M, an operating margin of -37.1%. Operating expenses grew 44% against revenue growth of 42%. The fastest-growing cost line was General & admin (+46%). The quarter ended with a net loss of $138.9M, narrower than the previous quarter's $152.5M loss. Net interest and other expense of $103.0M was the main reason.
Operating cash flow was $15.4M (down 11% year over year). Non-cash charges added back $11.2M of depreciation and amortization and $16.5M of share-based compensation. Working capital and other items added $126.7M. Capital expenditures of $17.3M exceeded it, leaving free cash flow of −$1.9M.
Questions
What was Planet Labs PBC's revenue in the first quarter fiscal 2027?
Planet Labs PBC (PL) reported revenue of $94.2M for the first quarter fiscal 2027 (Q1 FY27), +42% from a year earlier and +8% from the quarter before.
Was Planet Labs PBC profitable in the first quarter fiscal 2027?
Operating loss was $34.9M (-37.1% of revenue) and net loss $139M.
Source: Planet Labs PBC 10-Q on SEC EDGAR.