earnings
confidence high
sentiment positive
materiality 0.75
Planet Labs Q1 FY2025 revenue $60.4M (+15% YoY); net loss narrows to $29.3M
Planet Labs PBC
2025-Q1 EPS reported
-$0.10
revenue$60,440,000
- Record quarterly revenue of $60.4M, up 15% YoY; net loss improved to ($29.3M) from ($34.4M).
- Adjusted EBITDA loss narrowed to ($8.4M) from ($19.1M); cash and investments $276M, no debt.
- Customer count grew 14% YoY to 1,031; NRO renewed EOCL contract for PlanetScope and SkySat.
- Q2 guidance: revenue $59M-$63M, Non-GAAP gross margin 51%-53%, Adjusted EBITDA loss ($10M)-($7M).
- Launched Planet Insights Platform; Tanager-1 hyperspectral satellite arrived at Vandenberg for July launch.