Planet Labs PBC (PL) Reports Record Revenue and Strong Backlog Growth in Q1 Fiscal 2027
Key Takeaways
- Record quarterly revenue reached $94.2 million, up 42% year-over-year.
- Non-GAAP net loss per share improved to $0.03, beating analyst estimates.
- Backlog grew 72% year-over-year to over $906 million, providing strong visibility.
- Remaining performance obligations (RPOs) increased 81% year-over-year to $816 million.
- Company ended the quarter with $730.8 million in cash, cash equivalents, and short-term investments.
- Q2 fiscal 2027 revenue guidance set at $102 million to $107 million.
Why These Results Matter
Planet Labs PBC provides daily satellite imagery and geospatial data to governments, enterprises, and researchers. The first quarter of fiscal 2027 comes after fiscal 2026 results that featured record annual revenue and the company’s first full year of adjusted EBITDA profitability. Growth in recurring revenue and backlog highlights demand for Planet’s data as needs rise for real-time Earth observation in defense, agriculture, and environmental monitoring. These metrics matter because they show progress on scaling the satellite constellation and turning AI-enhanced analytics into revenue.
Quarterly Results in Detail
Planet Labs PBC reported first-quarter fiscal 2027 revenue of $94.2 million, a 42% increase from the prior-year period and ahead of consensus estimates around $90 million. Non-GAAP net loss per share came in at $0.03, better than analyst expectations of approximately $0.04. GAAP net loss per share was $0.40, mainly due to a one-time warrant liability revaluation. Adjusted EBITDA loss narrowed to $1.0 million. Gross margin stood at 54% GAAP and 56% non-GAAP. The company noted 99% recurring annual contract value and new contracts with international governments and U.S. agencies, including the National Geospatial-Intelligence Agency and U.S. Navy. I also checked how the stock compares to peers in the sector using Tickeron’s AI tools.
Market Reaction
Shares reacted positively in after-hours trading following the June 4, 2026 release, with modest gains reported amid the revenue beat and upbeat backlog figures. Sentiment ahead of the report reflected optimism around accelerating growth and government contract momentum. The strong top-line performance and expanded cash position reinforced confidence in execution, while the one-time accounting item related to warrants was viewed as non-recurring.
Guidance and What to Watch Next
Planet Labs PBC provided second-quarter fiscal 2027 guidance calling for revenue between $102 million and $107 million. Non-GAAP gross margin is expected in the 52% to 55% range, with adjusted EBITDA projected between $0 million and $5 million. Capital expenditures are guided at $21 million to $27 million.
Investors will monitor progress toward full-year targets and continued expansion of the Pelican satellite constellation. Recent launches, including three additional high-resolution satellites, position the company to increase imaging capacity and support new high-resolution offerings.
Key areas to watch include conversion of backlog into revenue, adoption of new AI tools such as the private beta natural-language query application, and further government contract wins. Margin trends, free cash flow generation, and the impact of recent warrant redemptions on the capital structure will also remain in focus as the company balances growth investments with operational discipline. One thing that stands out is how the backlog and RPO growth provide visibility into future quarters.
My Research Process with AI Tools
When analyzing companies like this, I sometimes use Tickeron’s AI Screener to filter stocks and ETFs based on technical patterns, fundamentals, trends, and volatility. The tool lets users scan thousands of securities with customizable filters such as industry, market cap, technical indicators, and performance metrics. It helps surface ideas and comparable names more efficiently than manual reviews. I find it useful for quickly identifying breakout candidates or sector peers when evaluating a name like PL.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
PL's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for PL turned positive on June 30, 2026. Looking at past instances where PL's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PL's RSI Indicator exited the oversold zone, of 20 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where PL advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .
PL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where PL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on July 07, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PL as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
PL moved below its 50-day moving average on June 05, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for PL crossed bearishly below the 50-day moving average on June 12, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PL entered a downward trend on July 07, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (22.272) is normal, around the industry mean (10.542). P/E Ratio (0.000) is within average values for comparable stocks, (93.498). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.141). Dividend Yield (0.000) settles around the average of (0.019) among similar stocks. P/S Ratio (26.385) is also within normal values, averaging (32.047).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
Industry AerospaceDefense
Advertisement