Added to YB: 2026-09-08
Pitch date: 2026-09-04
PL [neutral]
Planet Labs PBC
Author Info
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Company Info
Planet Labs PBC engages in the design, construction, and launch of constellations of satellites with the intent of providing high-cadence geospatial data delivered to customers through an online platform in the United States and internationally.
Market Cap
$6.6B
Pitch Price
N/A
Price Target
10.00 (-45%)
Dividend
N/A
EV/EBITDA
-161.29
P/E
-16.77
EV/Sales
16.46
Sector
Professional Services
Category
N/A
Planet Labs: The Quarter the Market Misread in Both Directions
PL (earnings): Planet Labs’ business is real, but Q2 was inflated and the stock is too expensive at $18.35. Reported 58% growth included a one-time $14.1M satellite handover; underlying growth was approximately 41%, and Q3 guidance was $101-105M with negative adjusted EBITDA. More importantly, firm book-to-bill was only 0.46x, while owner earnings remained negative and the capped-call hedge no longer fully offsets convertible dilution above $18.04.
Read full article (4 min)