Planet Labs Q3 FY2025 revenue $61.3M (+11% YoY); record gross margins; narrows Adj EBITDA loss

Planet Labs PBC

2025-Q3 EPS reported -$0.30 revenue$182,798,000

Revenue $61.3M (+11% YoY); record GAAP gross margin 61% (up 1400 bps); Non-GAAP gross margin 64% (up 1200 bps).
Net loss $20.1M vs $38.0M YoY; GAAP EPS -$0.07; Non-GAAP EPS -$0.02.
Adjusted EBITDA loss $0.2M vs $12.0M; on track for Adj EBITDA profitability in Q4 FY2025.
Cash $242M, no debt; record ACV bookings; key wins: NASA $19.95M order, US DoD pilot, Brazil Federal Police renewal; Pelican-2 and Tanager-1 milestones.

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