Planet Labs Q1 FY2026: Record revenue $66.3M (+10% YoY), first-ever positive FCF $8.0M

Planet Labs PBC

2026-Q1 EPS reported -$0.04 vs consensus -$0.05 ▲ beat (+17.7%)

Record revenue of $66.3M, up 10% YoY; GAAP net loss narrowed to $12.6M from $29.3M.
First-ever positive free cash flow of $8.0M; operating cash flow $17.3M.
Adjusted EBITDA profit of $1.2M vs. ($8.4M) loss a year ago; GAAP EPS ($0.04), non-GAAP EPS $0.00.
RPOs surged 262% YoY to $451.9M; backlog up 140% to $527.0M.
Cash and short-term investments $226.1M; 97% of ACV from recurring contracts.

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