secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001836833-24-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000183683324000117/0001836833-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000183683324000117/pl-20241209.htm
  HTML page:      https://secwatch.observer/filing/0001836833-24-000117

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