Planet Labs (NYSE: PL) concluded the year with a robust performance, highlighted by a significant increase in revenue. The company’s revenue exceeded expectations.
The company reported adjusted break-even earnings for the fourth quarter, compared to a $0.02 loss per share in the same period last year.
Planet Labs achieved fourth-quarter revenue of $86.82 million, surpassing analyst estimates of $78.53 million and marking a 41% increase from the previous year’s $61.55 million. For the full year, revenue rose 26% year-over-year to $307.7 million.
The adjusted EBITDA for the full year was $15.5 million, compared to a loss of $10.6 million in fiscal year 2025. In the fourth quarter, adjusted EBITDA was $2.3 million, slightly down from $2.4 million in the same period of fiscal year 2025. The non-GAAP gross margin for the fourth quarter was 57%, down from 65% in the fourth quarter of fiscal year 2025.
Looking forward, Planet Labs projects FY 2027 revenue between $415.00 million and $440.00 million, exceeding analysts’ expectations of $379.59 million.
The Q1 2027 revenue forecast is set between $87.00 million and $91.00 million, above the market estimate of $84.55 million.
“Planet had a transformational year driven by strong momentum in satellite services, including most recently with Sweden, as well as launching 40 satellites, and inking an R&D partnership with Google to explore data centers in space,” said Will Marshall, Planet’s Co-Founder, Chief Executive Officer and Chairperson.
 reported a robust finish to the year with Q4 2026 revenue of $86.82 million, surpassing analyst estimates of $78.53 million and marking a 41% increase from the previous year.){kind=link}