---
schema_version: "secwatch.filing_event.v1"
accession: "0001836833-23-000043"
form_type: "8-K"
ticker: "PL"
cik: "0001836833"
company_name: "Planet Labs PBC"
filed_at: "2023-06-08T23:59:59+00:00"
generated_at: "2026-06-14T05:15:00.125762+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Planet Q1 revenue $52.7M (+31% YoY), gross margin 53%, customers 903

## Summary
- Revenue $52.7M, up 31% YoY; percent of recurring ACV 93%.
- GAAP gross margin expanded to 53% from 41% YoY; non-GAAP gross margin 56% vs 45%.
- End-of-period customer count rose 9% YoY to 903 customers.
- Cash, cash equivalents and short-term investments $376.2M, no debt.
- Management cites strong demand and path to profitability; conference call June 8 at 5pm ET.

## SEC filing metadata
- accession: 0001836833-23-000043
- form_type: 8-K
- ticker: PL
- cik: 0001836833
- company_name: Planet Labs PBC
- filed_at: 2023-06-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836833/000183683323000043/0001836833-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836833/000183683323000043/pl-20230608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001836833-23-000043
- JSON: https://secwatch.observer/filing/0001836833-23-000043.json
- Plain text: https://secwatch.observer/filing/0001836833-23-000043.txt

## Key facts
- Earnings Releases
  Planet Labs PBC reported first fiscal quarter ended April 30, 2023 results: revenue $52.7 million.
  - Period: first fiscal quarter ended April 30, 2023
  - Revenue: $52.7 million
  - Result: reported results
  source text: First quarter revenue increased 31% year-over-year to $52.7 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836833/000183683323000043/0001836833-23-000043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.