Planet Labs PBC (PL)
NYSEIndustrialsAerospace & DefenseSnapshot 2026-09-09
$17.22-3.31%
Close 2026-09-09 · 1-day change
NYSEIndustrialsAerospace & DefenseSnapshot 2026-09-09
Intact: The reason to own it still holds.
Planet Labs grows revenue fast, from $61M in 2025-Q3 to $94M in 2027-Q1. Gross profit rose by $3.8M in the same period, showing better margins. The company aims to improve operating income, reducing losses from $36M to $34.9M. Strategic agreements and new deals support growth despite losses.
The company is still loss-making with operating income negative near $35M. The recent $1.5 billion stock offering and guidance cut hurt confidence. Revenue growth may slow and operating losses could persist longer than expected.
The market prices in about 40% revenue growth next year and values the stock near $30, slightly below our fair value. Our fair value is 30% below the Street median, reflecting skepticism about profitability and growth sustainability.
Breaks if: Gross margin falls below 52% in FY27
Breaks if: Operating losses worsen or remain below -$35M beyond FY27-Q1
Breaks if: Revenue falls below $425 million in FY27
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround situation. PL is currently loss-making but is focused on improving its revenue and operating income through strategic agreements and cost management.
The market seems to have priced in a low level of fragility, indicating some confidence in PL's ability to execute its strategy. However, it is trading at a premium compared to peers, suggesting that expectations for recovery are somewhat optimistic.
Management is on track with its priorities, showing revenue growth and improving adjusted EBITDA. However, the recent financial performance has been weak, and the company remains in a loss-making position, which adds uncertainty.
The long-term thesis hinges on whether PL can sustain its revenue growth and improve margins while navigating sector headwinds. Additionally, the performance of sector bellwethers like SPCX, GE, and RTX will be crucial in determining the overall industrial momentum.
The most important moves since the prior daily snapshot.
Company momentum rose by 25.0 points (from 55.0 to 80.0).
Yes, our read has weakened. The recent earnings beat is a positive factor. However, a Seeking Alpha article argues that Planet Labs' high valuation may limit future returns. This suggests increased competition risks and a potential repricing of the stock.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
In the next 1 to 3 years, PL's success will depend on its execution of growth strategies and external market conditions. Not investment advice.