---
schema_version: "secwatch.filing_event.v1"
accession: "0001836833-25-000103"
form_type: "8-K"
ticker: "PL"
cik: "0001836833"
company_name: "Planet Labs PBC"
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:41:40.370673+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001836833-25-000103
- form_type: 8-K
- ticker: PL
- cik: 0001836833
- company_name: Planet Labs PBC
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836833/000183683325000103/0001836833-25-000103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836833/000183683325000103/pl-20250908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001836833-25-000103
- JSON: https://secwatch.observer/filing/0001836833-25-000103.json
- Plain text: https://secwatch.observer/filing/0001836833-25-000103.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.