Planet Labs Q2 FY2026 revenue $73.4M (+20% YoY); adjusted EBITDA turns positive $6.4M

Planet Labs PBC

2026-Q2 EPS reported -$0.12 revenue$139,651,000

Record revenue $73.4M, up 20% YoY; net loss narrowed to $22.6M from $38.7M.
Adjusted EBITDA profit of $6.4M vs loss of $4.4M a year ago; third consecutive quarter positive.
Backlog soared 245% YoY to $736.1M; RPOs up 516% to $690.1M, driven by large government contracts.
Cash and short-term investments $271.5M, up $45.4M sequentially; YTD free cash flow positive $54.3M.
Non-GAAP gross margin 61% (up from 58%); launched two Pelican satellites; recurring ACV 98%.

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