---
schema_version: "secwatch.filing_event.v1"
accession: "0001836833-23-000082"
form_type: "8-K"
ticker: "PL"
cik: "0001836833"
company_name: "Planet Labs PBC"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T23:01:01.633128+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Planet Labs Q2 revenue $53.8M (+11% YoY); acquisition of Sinergise closed

## Summary
- Revenue of $53.8M, a record, up 11% YoY; gross margin 49% (non-GAAP 52%).
- Customer count of 944, up 10% YoY; 92% of ACV from recurring deals.
- Cash and investments $367.8M, no debt; restructuring announced to sharpen focus.
- Completion of Sinergise acquisition, adding geospatial capabilities.

## SEC filing metadata
- accession: 0001836833-23-000082
- form_type: 8-K
- ticker: PL
- cik: 0001836833
- company_name: Planet Labs PBC
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836833/000183683323000082/0001836833-23-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836833/000183683323000082/pl-20230907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001836833-23-000082
- JSON: https://secwatch.observer/filing/0001836833-23-000082.json
- Plain text: https://secwatch.observer/filing/0001836833-23-000082.txt

## Key facts
- Earnings Releases
  Planet Labs PBC reported second fiscal quarter ended July 31, 2023 results: revenue $53.8 million.
  - Period: second fiscal quarter ended July 31, 2023
  - Revenue: $53.8 million
  - Result: reported results
  source text: incorporation language in such filing. --- EX-99.1 (EX-99.1) --- Planet Reports Financial Results for Second Quarter of Fiscal 2024 Delivers Record Quarterly Revenue of $53.8 Million Announced Completion of Acquisition of Sinergise San Francisco, CA – September 7, 2023 – Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836833/000183683323000082/0001836833-23-000082-index.htm

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