secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001836833-24-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000183683324000101/0001836833-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000183683324000101/pl-20240905.htm
  HTML page:      https://secwatch.observer/filing/0001836833-24-000101

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