secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2026-06-04T20:10:18+00:00
Accession:  0001193125-26-257401
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet Q1 FY2027 revenue $94.2M (+42% YoY); backlog $906M; cash $731M
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- Record quarterly revenue of $94.2M, up 42% YoY driven by strong execution across global teams.
- Backlog grew 72% YoY to over $906M; RPOs +81% to $816M, providing long-term visibility.
- GAAP net loss ($138.9M) reflects ~$106.5M non-cash warrant revaluation loss; adjusted EBITDA loss ($1.0M).
- Ended quarter with $730.8M in cash; redeemed public warrants generating ~$108M in proceeds.
- Launched 3 Pelican satellites, including Sweden's first sovereign reconnaissance satellite.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000119312526257401/0001193125-26-257401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000119312526257401/pl-20260604.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-257401

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer