PL stock forecast, quote, news & analysis
Planet Labs PBC is an Earth-imaging company... Show more
Planet Labs PBC (PL) Q4 Fiscal 2026 Earnings Recap: Record Revenue Fuels Strong Growth Momentum
Key Takeaways
- Planet Labs PBC reported record Q4 fiscal 2026 revenue of $86.8 million, up 41% year-over-year and beating consensus estimates of approximately $78 million.
- Full-year revenue reached $307.7 million, a 26% increase from fiscal 2025, marking the first full year of adjusted EBITDA profitability at $15.5 million.
- Remaining Performance Obligations (RPOs) surged 106% to $852 million, with backlog exceeding $900 million, up 79% year-over-year.
- Cash, cash equivalents, and short-term investments grew 188% to $640.1 million, supporting robust free cash flow of $52.9 million for the year.
- Q4 non-GAAP EPS came in at $0.00, ahead of expectations around -$0.05, though GAAP net loss widened to $152.5 million due to warrant liability revaluations.
- Shares rose over 8% on March 19, 2026, closing at $26.96, with further gains in after-hours and pre-market trading on upbeat FY2027 guidance.
Earnings Context and Why It Matters
Planet Labs PBC (PL), a leader in daily Earth observation data, released its fiscal fourth quarter and full-year 2026 results on March 19, 2026, for the period ended January 31, 2026. This report underscores the company's accelerating momentum in defense, civil government, and commercial sectors amid rising demand for geospatial intelligence. With geopolitical tensions boosting satellite services contracts and AI integrations enhancing analytics, these earnings validate Planet's transition toward sustainable profitability. Investors are watching closely as record backlog signals multi-year visibility, positioning PL favorably in the expanding $100 billion+ geospatial market.
Earnings Expectations or Reported Results
Planet Labs significantly outperformed consensus expectations in Q4 fiscal 2026. Revenue hit a record $86.8 million, surpassing estimates of $78 million (various sources cited $77.8M to $78.17M) and growing 41% from $61.6 million in the prior-year quarter. Non-GAAP gross margin was 57%, down slightly from 65% YoY due to investments in satellite services, while adjusted EBITDA remained positive at $2.3 million, in line with the prior quarter's $2.4 million.
GAAP net loss stood at $152.5 million ($0.48 per share), wider than the $35.2 million loss last year, primarily from a $122.6 million revaluation loss on warrant liabilities tied to stock appreciation. Non-GAAP net loss per share was $0.00, beating forecasts near -$0.05. Full-year results included $307.7 million in revenue (26% YoY growth), non-GAAP gross margin of 59%, and adjusted EBITDA profit of $15.5 million versus a prior-year loss.
Key metrics shone: RPOs at $852 million (+106% YoY), backlog over $900 million (+79% YoY), and cash reserves at $640.1 million. Major wins included a low nine-figure deal with Swedish Armed Forces, NATO renewal, and U.S. DIU awards.
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Market Reaction and Investor Sentiment
PL shares surged 8.67% to close at $26.96 on March 19, 2026, following the after-market earnings release, reflecting enthusiasm for the revenue beat and robust backlog growth. After-hours trading pushed gains further, with pre-market on March 20 showing an additional 16% rise to around $31, driven by FY2027 guidance well above prior expectations. Sentiment turned bullish, with analysts noting the outperformance on top of strong defense wins and path to profitability, though some cautioned on GAAP losses from non-operating items.
Forward Outlook and Key Factors to Monitor
Planet Labs issued optimistic guidance for fiscal 2027, projecting revenue of $415-440 million (39% growth at midpoint from FY2026) and adjusted EBITDA of $0-10 million, signaling continued scaling. Q1 FY2027 revenue is expected at $87-91 million, with non-GAAP gross margin of 49-51% and adjusted EBITDA loss of $3-6 million amid capex of $17-23 million for satellite expansions.
Investors should track execution on major contracts like the Swedish Armed Forces deal and U.S. SHIELD IDIQ prime position, which could drive defense revenue (59% of FY2026 mix). RPO conversion remains critical, with ~85% of Q4 revenue from multi-year deals supporting visibility. Margin pressures from Pelican satellite deployments and AI R&D investments warrant attention, alongside gross margin recovery toward 50-52% for FY2027. Broader dynamics include geopolitical demand for persistent monitoring and commercial adoption in wildfire mitigation via partnerships like AiDash. Cash burn trends, free cash flow sustainability post-$52.9 million FY2026 positive, and satellite launch cadence (40 in FY2026) will shape scalability. Sector shifts toward EMEA (43% of revenue) and recurring ACV (98%) bolster stability amid capex plans of $80-95 million.
Disclaimer
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Aroon Indicator for PL shows an upward move is likely
PL's Aroon Indicator triggered a bullish signal on April 06, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 213 similar instances where the Aroon Indicator showed a similar pattern. In of the 213 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PL just turned positive on April 02, 2026. Looking at past instances where PL's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PL advanced for three days, in of 258 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for PL moved out of overbought territory on March 26, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Momentum Indicator moved below the 0 level on April 09, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PL as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 .
PL broke above its upper Bollinger Band on March 20, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring 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 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: PL's P/B Ratio (62.893) is very high in comparison to the industry average of (9.604). P/E Ratio (0.000) is within average values for comparable stocks, (72.055). PL's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.102). Dividend Yield (0.000) settles around the average of (0.014) among similar stocks. P/S Ratio (34.247) is also within normal values, averaging (158.898).
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.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock worse than average.
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Industry AerospaceDefense