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Planet Labs PBC

Planet Labs PBC

PL
$22.47USD↑+1.72%+0.38 today

MARKET CAP

8.0B

P/E (TTM)

—

FWD P/E

—

DAY RANGE

$21 – $23

52W RANGE

$6
$52

AI Summary

Stalk
TrimHigh

PL is in a Stage 4 decline within an uptrend context, with active lower highs & lower lows confirming a bearish medium-term posture. Price currently tests 200 DMA support in an extreme oversold state, making immediate selling suboptimal. Execution favors trimming on rallies into the 9 EMA/21 EMA resistance zone to align with downward momentum while avoiding support-based rebounds.

  • ↑Record Q1 revenue of $94 M, +42% YoY
  • ↑Backlog at $906 M (+72% YoY) ensures revenue visibility
  • ↓Negative free cash flow of $2.5 M in Q1 2027
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Planet Labs PBC (NASDAQ: PL) operates as a leading provider of satellite imagery and related data analytics, catering primarily to the defense, intelligence, civil government, and commercial sectors. The company is known for its rapid deployment of satellites and AI-enhanced data solutions, positioning itself as a critical player in addressing global security and environmental challenges. In light of increasing geopolitical tensions and the demand for sovereign space capabilities, Planet Labs is strategically focused on expanding its market presence and enhancing its technological capabilities.

Bull says

  • ↑Record Q1 revenue of $94 M, +42% YoY
  • ↑Backlog at $906 M (+72% YoY) ensures revenue visibility
  • ↑Defense sector sales grew 65% YoY amid geopolitical demand
  • ↑AI-driven analytics rollout expands market and adds value
  • ↑Free cash flow trend turning positive; future buyback potential
  • ↑Strong price momentum and ample liquidity support shares

Bear says

  • ↓Negative free cash flow of $2.5 M in Q1 2027
  • ↓FY27 capex of $80–95 M to strain liquidity and flexibility
  • ↓Reliance on government contracts; civil revenue flat YoY
  • ↓Weak profitability and elevated debt levels threaten returns
  • ↓High short interest and Hold consensus reflect market skepticism
  • ↓Rising debt risk amid higher rates could pressure balance sheet

Investment themes with PL

Space↓ -0.99%

PL · GSAT · VSAT

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 06-05-2026neutral

Transcript signals

Bull points

  • Q1 was an excellent start to the year with record revenue and our second quarter of delivering adjusted EBITDA profits. Revenue for the first quarter came in at $66.3 million, representing approximately 10% year-over-year growth.
  • The strong quarter was primarily driven by key wins with our defense and intelligence customers, higher than expected usage by some of our government accounts, and steady progress across our new J-SAC contract.
  • During the first quarter, our defense and intelligence sector revenue grew over 20% year on year.

Bear points

  • North America was impacted primarily by the aforementioned agricultural impacts.
  • On a sequential basis, we saw an increase in cost of revenue attributable to depreciation from our satellites cost related to partner solutions, and costs associated with our new satellite services contract with JSAT.
  • we expect our adjusted EBITDA loss for the second quarter to be between minus four and minus $2 million, reflective of the variability of our expenses quarter to quarter and our tight focus on cost controls and efficiencies, even as we invest in strategic growth initiatives.
Read full transcript analysis ›