Filing Flows › Planet Labs PBC (PL) › Q2 FY26
Planet Labs PBC (PL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 8, 2025
Planet Labs PBC (PL) reported revenue of $73.4M for the second quarter fiscal 2026 (Q2 FY26), +20% from a year earlier and +11% from the quarter before. Operating margin was -24.5%, net loss $22.6M (30.8% of revenue).
Planet Labs PBC, Q2 FY26: revenue $73.4M (+20% year over year), operating margin -24.5%, net loss $22.6M, operating cash flow $67.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $73.4M | +11% | +20% |
| Operating profit | −$18.0M | — | — |
| Net earnings | −$22.6M | — | — |
| Operating cash flow | $67.8M | +291% | — |
| Free cash flow | $47.5M | +415% | — |
What changed
Revenue was $73.4M in Q2 FY26, up 20% year over year and up 11% from the previous quarter.
Gross margin was 57.6%, up 4.7 points from a year earlier. Operating costs exceeded revenue by $18.0M, an operating margin of -24.5%. Operating expenses fell 16% while revenue rose 20%. The quarter ended with a net loss of $22.6M, wider than the previous quarter's $12.6M loss.
Operating cash flow was $67.8M. Non-cash charges added back $10.6M of depreciation and amortization and $13.5M of share-based compensation. Working capital and other items added $66.3M. Capital expenditures of $20.3M left free cash flow of $47.5M.
Questions
What was Planet Labs PBC's revenue in the second quarter fiscal 2026?
Planet Labs PBC (PL) reported revenue of $73.4M for the second quarter fiscal 2026 (Q2 FY26), +20% from a year earlier and +11% from the quarter before.
Was Planet Labs PBC profitable in the second quarter fiscal 2026?
Operating loss was $18.0M (-24.5% of revenue) and net loss $22.6M.
Source: Planet Labs PBC 10-Q on SEC EDGAR.