Added to YB: 2026-09-25
Pitch date: 2026-09-22
PL [neutral]
Planet Labs PBC
+4.57%
current return
Author Info
No bio for this author
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
$6.2B
Pitch Price
$16.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
-149.89
P/E
-15.65
EV/Sales
15.30
Sector
Professional Services
Category
growth
Small Satellites Update: One Raises, One Reprices - $PL
PL (update): Planet Labs’ operating evidence deserves more credit: Q2 revenue rose 58% to a record $116.1m, adjusted EBITDA reached $13.9m, and annual non-GAAP gross-margin guidance increased to 55-57%. Yet 12% of revenue was point-in-time, backlog fell 10% sequentially, and capex guidance rose to $100-115m. After a 67% share-price decline, valuation reset from ~43x to ~14x guided sales, but still demands profitable execution and backlog replenishment.
Read full article (4 min)