Planet Labs Q2 FY2025 revenue $61.1M (+14% YoY); Adj. EBITDA loss narrows to $4.4M

Planet Labs PBC

2025-Q2 EPS reported -$0.23 revenue$121,532,000

Q2 revenue $61.1M (+14% YoY); GAAP gross margin 53% vs 49% YoY; Non-GAAP gross margin 58% vs 52%.
Net loss ($38.7M) includes $10.5M restructuring charges; Adj. EBITDA loss ($4.4M) narrowed from ($14.5M) YoY.
Cash $249M, no debt; customer count 1,012 (+7% YoY); 96% recurring ACV.
Defense & Intelligence revenue grew >30% YoY; won NATO contract and seven-figure international deals.
Q3 guidance: revenue $61-64M; Adj. EBITDA loss ($5M)-($2M); targeting Adj. EBITDA profitability in Q4.

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