secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2025-06-04T23:59:59+00:00
Accession:  0001836833-25-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000183683325000062/0001836833-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000183683325000062/pl-20250604.htm
  HTML page:      https://secwatch.observer/filing/0001836833-25-000062

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