Filing Flows › Planet Labs PBC (PL) › Q3 FY26
Planet Labs PBC (PL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 10, 2025
Planet Labs PBC (PL) reported revenue of $81.3M for the third quarter fiscal 2026 (Q3 FY26), +33% from a year earlier and +11% from the quarter before. Operating margin was -22.6%, net loss $59.2M (72.8% of revenue).
Planet Labs PBC, Q3 FY26: revenue $81.3M (+33% year over year), operating margin -22.6%, net loss $59.2M, operating cash flow $28.6M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $81.3M | +11% | +33% |
| Operating profit | −$18.3M | — | — |
| Net earnings | −$59.2M | — | — |
| Operating cash flow | $28.6M | -58% | +601% |
| Free cash flow | $1.9M | -96% | — |
What changed
Revenue was $81.3M in Q3 FY26, up 33% year over year and up 11% from the previous quarter.
Gross margin was 57.3%, down 3.9 points from a year earlier. Operating costs exceeded revenue by $18.3M, an operating margin of -22.6%. Operating expenses grew 8% against revenue growth of 33%. The fastest-growing cost line was Sales & marketing (+12%). The quarter ended with a net loss of $59.2M, wider than the previous quarter's $22.6M loss. Net interest and other expense of $40.1M was the main reason.
Operating cash flow was $28.6M (up 601% year over year). Non-cash charges added back $9.9M of depreciation and amortization and $13.5M of share-based compensation. Working capital and other items added $64.4M. Capital expenditures of $26.7M left free cash flow of $1.9M.
Questions
What was Planet Labs PBC's revenue in the third quarter fiscal 2026?
Planet Labs PBC (PL) reported revenue of $81.3M for the third quarter fiscal 2026 (Q3 FY26), +33% from a year earlier and +11% from the quarter before.
Was Planet Labs PBC profitable in the third quarter fiscal 2026?
Operating loss was $18.3M (-22.6% of revenue) and net loss $59.2M.
Source: Planet Labs PBC 10-Q on SEC EDGAR.