Highest-materiality recent filing
Vijaya Gadde, Gen. John W. Raymond, and Scott Reese re-elected as Class II directors with 594M, 625M, and 665M votes for, respectively.
Planet Labs PBC enters $1.5B at-the-market equity distribution agreement with multiple banks
Up to $1,500,000,000 of Class A common stock may be sold through ATM or forward sale agreements.
Planet Q1 FY2027 revenue $94.2M (+42% YoY); backlog $906M; cash $731M
Record quarterly revenue of $94.2M, up 42% YoY driven by strong execution across global teams.
Planet Labs completes warrant redemption; $104.5M from 99.2% exercised
9,090,913 of 9,162,223 public warrants exercised at $11.50/share for $104.5M cash.
Planet Labs redeems all public warrants at $0.01; exercise deadline April 27
Redemption price $0.01 per warrant; holders may exercise until 5pm ET April 27, 2026 at $11.50/share.
Planet Labs Q4 revenue $86.8M (+41% YoY), Adj EBITDA profit $2.3M, cash $640M
Q4 revenue $86.8M (+41% YoY); full-year revenue $307.7M (+26% YoY), a record.
Issued 5,171,222 Class A and 584,054 Class B shares on Feb 3, 2026 after stock price exceeded $21.00 for 20 of 30 trading days.
Planet Labs issues 5.7M earnout shares after stock hits $19.00 trigger
Issued 5,133,294 Class A and 584,052 Class B shares on Jan 21, 2026 under earnout provisions.
Planet Labs issues ~11.5M earnout shares as stock hits $15 and $17 thresholds
Issued 10,286,172 Class A and 1,168,104 Class B shares on Jan 13, 2026, upon earning $15/$17 price tranches.
Planet Labs signs low 9-figure satellite services contract with Swedish Armed Forces
Multi-year deal for satellites, data and intelligence solutions; value in low 9 figures.
Planet Labs Q3 FY26 revenue $81.3M (+33% YoY); adjusted EBITDA profit $5.6M
Record revenue $81.3M, up 33% YoY; gross margin 57% (non-GAAP 60%).
Planet Labs issues $460M convertible notes at 0.50% due 2030, conversion price $11.95
Upsized and priced $400M (plus $60M over-allotment) 0.50% Convertible Senior Notes due Oct 2030.
Planet Labs elects Scott Reese to board of directors by written consent
Scott Reese is CEO of GE Vernova's Electrification Software business (NYSE: GEV).
Planet Labs Q2 FY2026 revenue $73.4M (+20% YoY); adjusted EBITDA turns positive $6.4M
Record revenue $73.4M, up 20% YoY; net loss narrowed to $22.6M from $38.7M.
Planet Labs shareholders re-elect directors, ratify KPMG, approve say-on-pay at 2025 annual meeting
William Marshall and Robert Schingler re-elected as Class I directors with ~498.9M and ~501.6M votes for, respectively.
Planet Labs secures €240M satellite services contract with German government
€240 million multi-year deal funded by German government for satellite services.
Planet Labs Q1 FY2026: Record revenue $66.3M (+10% YoY), first-ever positive FCF $8.0M
Record revenue of $66.3M, up 10% YoY; GAAP net loss narrowed to $12.6M from $29.3M.
Planet Labs directors de Masi and Roizen to depart; board size reduced to eight
Niccolo de Masi resigned from board and audit committee effective 2025 Annual Meeting; no disagreement with company.
Planet Labs reports first Adjusted EBITDA profit of $2.4M, record Q4 revenue $61.6M
Q4 revenue $61.6M (+5% YoY); FY25 revenue $244.4M (+11% YoY), both records.
Planet Labs signs $230M multi-year deal to build Pelican satellites for Asia-Pacific partner
$230M agreement with long-standing Asia-Pacific commercial partner to build and deliver Pelican high-res satellites and provide operational services.
Gen. John W. Raymond elected to Planet Labs board as Class II director via written consent
Elected by written consent representing ~61% of voting power (21.2M Class B shares) to fill vacancy.
Planet Labs Q3 FY2025 revenue $61.3M (+11% YoY); record gross margins; narrows Adj EBITDA loss
Revenue $61.3M (+11% YoY); record GAAP gross margin 61% (up 1400 bps); Non-GAAP gross margin 64% (up 1200 bps).
Planet Labs Q2 FY2025 revenue $61.1M (+14% YoY); Adj. EBITDA loss narrows to $4.4M
Q2 revenue $61.1M (+14% YoY); GAAP gross margin 53% vs 49% YoY; Non-GAAP gross margin 58% vs 52%.
Planet Labs stockholders elect directors, ratify KPMG, approve say-on-pay
Elected Class III directors Robinson, Bass, Brennan for three-year terms; Carl Bass had ~22.4M withheld votes.
Planet Labs to cut ~180 jobs (17% of workforce), expects $9.5-10.5M in severance costs
Headcount reduction of ~180 employees (17% of workforce) committed on June 24, 2024.
Planet Labs Q1 FY2025 revenue $60.4M (+15% YoY); net loss narrows to $29.3M
Record quarterly revenue of $60.4M, up 15% YoY; net loss improved to ($29.3M) from ($34.4M).
Weil will provide advisory services for one year post-resignation under an Advisory Agreement.
Planet Labs PBC dismisses EY as auditor, appoints KPMG for FY2025
Dismissed Ernst & Young as auditor effective April 3, 2024; EY's prior reports were unqualified with no adverse opinions.
Planet Labs reports record FY2024 revenue $220.7M, up 15%; President Kevin Weil to resign May 6
Full-year revenue $220.7M (+15% YoY); Q4 revenue $58.9M (+11% YoY).
Planet Labs Q3 FY2024 revenue $55.4M, up 11% YoY; launches 37 satellites
Revenue $55.4M, up 11% YoY; 94% of annual contract value is recurring.
Planet Labs Q2 revenue $53.8M (+11% YoY); acquisition of Sinergise closed
Revenue of $53.8M, a record, up 11% YoY; gross margin 49% (non-GAAP 52%).
Planet Labs cuts 117 jobs (10% of workforce); expects $7-8M in severance charges
Reducing headcount by ~117 employees (~10% of total workforce).
Planet Labs shareholders elect two Class II directors, ratify auditor at 2023 annual meeting
Niccolo de Masi elected with 472.7M votes; Vijaya Gadde with 481.2M votes (three-year term).
Planet Q1 revenue $52.7M (+31% YoY), gross margin 53%, customers 903
Revenue $52.7M, up 31% YoY; percent of recurring ACV 93%.
Planet Labs adopts program allowing NEOs to receive annual bonus in performance-vesting PSUs
Compensation Committee adopted program on April 24, 2023 for named executive officers and certain employees.
Planet Labs sets July 11, 2023 annual meeting; proposal deadline April 27
Annual meeting of stockholders scheduled for July 11, 2023.
Planet FY2023 revenue $191.3M (+46% YoY); Q4 $53.0M (+43%); guides FY2024 $248-268M
Full year revenue $191.3M (+46% YoY); Q4 revenue $53.0M (+43% YoY).
Planet Labs Q3 FY2023 revenue $49.7M (+57% YoY); raises FY guidance to $188-192M
Revenue $49.7M, up 57% YoY; GAAP gross margin 50% vs 34% a year ago.
Planet Labs stockholders elect four directors and ratify Ernst & Young as auditor
Directors elected: William Marshall, Robert Schingler Jr., J. Heidi Roizen (Class I, 3-year term); Kristen Robinson (Class III, 2-year term).
Planet Q2 revenue $48.5M (+59% YoY), raises FY’23 guidance to 42% growth
GAAP gross margin expanded to 48% from 35% YoY; Non-GAAP gross margin 52% vs 36%.
Planet Labs sets Nov 9, 2022 as annual meeting; shareholder proposals due Sept 19
Annual meeting scheduled for November 9, 2022; proxy materials to be filed later.
Planet Labs posts 10-year anniversary blog, reaffirms long-term vision; no new financial details
Blog reiterates past achievements: ~200 satellites, 4M images/day, >$100M in annual revenue.
Planet Labs Q1 revenue $40.1M (+26% YoY); NRO contract drives momentum
Revenue $40.1M (+26% YoY); 92% recurring ACV; customer count 826 (+23% YoY).
Planet Labs Q4 revenue $37.1M (+23% YoY); FY2022 revenue $131.2M (+16%)
Q4 GAAP gross margin expanded to 37% from 25% YoY; Non-GAAP gross margin 42%.
Planet Labs completes SPAC merger with dMY IV; raises $590M incl. $252M PIPE
Merger closed Dec 7, 2021; Planet Labs becomes public on NYSE under ticker PL.
Planet Labs completes de-SPAC merger with dMY IV; begins trading Dec 8 under PL
Business combination closed Dec 7, 2021; dMY IV renamed Planet Labs PBC.
Planet Labs Q3 FY2022 revenue $31.7M (+16% YoY); net loss $41.5M
Revenue $31.7M (+16% YoY); gross margin 34% vs 27%; customer count 742 (+32%).
dMY IV stockholders approve business combination with Planet Labs; closing expected Dec 7
Approximately 99% of votes cast approved the business combination proposal.
Restatement covers audited balance sheet (3/9/21) and unaudited Q1, Q2, Q3 2021 financials.
dMY IV's S-4 effective for Planet Labs merger; special meeting Dec 3
SEC declared effective S-4 for business combination between dMY IV (DMYQ) and Planet Labs.
On May 28, 2025, Niccolo de Masi notified Planet Labs PBC (the “Company”) of his resignation from the Company’s board of directors (the “Board”) and the Company’s audit committee, effective as of the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
On May 28, 2025, J. Heidi Roizen notified the Company of her decision not to stand for re-election at the 2025 Annual Meeting and will be departing as a director and member of the Company’s compensation committee and audit committee upon the expiration of her term at the 2025 Annual Meeting.
On January 10, 2025, the stockholders of Planet Labs PBC (the “Company”) acted by written consent (the “Written Consent”) to elect General John W. Raymond to fill an existing vacancy on the Company’s board of directors as a Class II director
As previously disclosed in a Current Report on Form 8-K filed by Planet Labs PBC (the “ Company ”) on March 28, 2024, on March 25, 2024, Kevin Weil, the Company’s President, Product & Business, informed the Company of his intention to resign from his role, effective May 6, 2024 (the “ Transition Date ”).
On March 25, 2024, Kevin Weil, President, Product & Business of the Company informed the Company of his intention to resign from his role effective May 6, 2024.
In addition, on March 27, 2024, the Board appointed Ashley Johnson, the Company’s current Chief Financial and Operating Officer, as the Company’s President and Chief Financial Officer.
Max materiality 0.85 · Median 0.72 · Most common event earnings