secwatch.observer — SEC 8-K summary
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Issuer:     Planet Labs PBC (PL)
CIK:        0001836833
Form:       8-K
Filed at:   2025-09-08T23:59:59+00:00
Accession:  0001836833-25-000103
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836833/000183683325000103/0001836833-25-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836833/000183683325000103/pl-20250908.htm
  HTML page:      https://secwatch.observer/filing/0001836833-25-000103

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