Filing Flows › Planet Labs PBC (PL) › Q2 FY27
Planet Labs PBC (PL) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 3, 2026
Planet Labs PBC (PL) reported revenue of $116M for the second quarter fiscal 2027 (Q2 FY27), +58% from a year earlier and +23% from the quarter before. Operating margin was -11.6%, net loss $9.4M (8.1% of revenue).
Planet Labs PBC, Q2 FY27: revenue $116M (+58% year over year), operating margin -11.6%, net loss $9.4M, operating cash flow $52.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | +23% | +58% |
| Operating profit | −$13.5M | — | — |
| Net earnings | −$9.4M | — | — |
| Operating cash flow | $52.9M | +243% | -22% |
| Free cash flow | $25.6M | — | -46% |
What changed
Revenue was $116.1M in Q2 FY27, up 58% year over year and up 23% from the previous quarter.
Gross margin was 56.6%, down 1.0 points from Q2 FY26. Operating costs exceeded revenue by $13.5M, an operating margin of -11.6%. Operating expenses grew 31% against revenue growth of 58%. The fastest-growing cost line was Research & development (+46%). The quarter ended with a net loss of $9.4M, narrower than the previous quarter's $138.9M loss. Non-operating items added $4.9M, -57% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $52.9M (down 22% year over year). Non-cash charges added back $10.8M of depreciation and amortization and $17.1M of share-based compensation. Working capital and other items added $34.5M. Capital expenditures of $27.3M left free cash flow of $25.6M.
Questions
What was Planet Labs PBC's revenue in the second quarter fiscal 2027?
Planet Labs PBC (PL) reported revenue of $116M for the second quarter fiscal 2027 (Q2 FY27), +58% from a year earlier and +23% from the quarter before.
Was Planet Labs PBC profitable in the second quarter fiscal 2027?
Operating loss was $13.5M (-11.6% of revenue) and net loss $9.4M.
Source: Planet Labs PBC 10-Q on SEC EDGAR.