founded in 2010 by a team of ex-nasa scientists, planet is driven by a mission to image the entire earth every day, and make earth's changes visible, accessible and actionable. planet started as a small team of physicists, aerospace and mechanical engineers in a garage, using the cubesat form-factor to inform the first designs of the dove satellite. just three years after our first satellite entered space, we now operate the largest constellation of earth-imaging satellites...ever. our satellites are collecting a radical new data set with endless, real-world applications. whether you’re measuring agricultural yields, monitoring natural resources, or aiding first responders after natural disasters, our data is here to lend businesses and humanitarian organizations a helping hand. planet believes timely, global imagery will empower informed, deliberate and meaningful stewardship of our planet. visit us at https://www.planet.com/ follow us: @planetlabs on twitter | planetlabsinc on facebo
Company profile
Ticker
PL
Exchange
Website
CEO
William Spencer Marshall
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
dMY Technology Group, Inc. IV
SEC CIK
Corporate docs
Subsidiaries
Terra Bella Technologies Inc. • Planet Labs Netherlands BV • Planet Labs Canada ULC • Planet Labs Geomatics Corp. • Blackbridge Sarl • Planet Labs Germany GmbH • PL Foreign Holdco, Inc. • Planet Labs Federal, Inc. • Planet Labs Singapore Pte. Ltd. • VanderSat B.V. ...
PL stock data
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
4 Apr 24
S-8
Registration of securities for employees
28 Mar 24
8-K
Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2024
28 Mar 24
10-Q
2024 Q3
Quarterly report
8 Dec 23
8-K
Planet Reports Financial Results for Third Quarter of Fiscal 2024
7 Dec 23
10-Q
2024 Q2
Quarterly report
7 Sep 23
8-K
Planet Reports Financial Results for Second Quarter of Fiscal 2024
7 Sep 23
8-K
Cost Associated with Exit or Disposal Activities
1 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
11 Jul 23
424B3
Prospectus supplement
14 Jun 23
Transcripts
PL
Earnings call transcript
2024 Q4
28 Mar 24
PL
Earnings call transcript
2024 Q3
7 Dec 23
PL
Earnings call transcript
2024 Q2
7 Sep 23
PL
Earnings call transcript
2024 Q1
8 Jun 23
PL
Earnings call transcript
2023 Q4
29 Mar 23
PL
Earnings call transcript
2023 Q3
15 Dec 22
PL
Earnings call transcript
2023 Q2
13 Sep 22
PL
Earnings call transcript
2023 Q1
15 Jun 22
PL
Earnings call transcript
2022 Q4
1 Apr 22
PL
Earnings call transcript
2022 Q3
14 Dec 21
Latest ownership filings
4
Ashley F. Johnson
2 Apr 24
4
William Spencer Marshall
28 Mar 24
4
Ashley F. Johnson
28 Mar 24
4
Robert H Schingler
28 Mar 24
4
Robert H Schingler
21 Mar 24
4
William Spencer Marshall
21 Mar 24
4
Ashley F. Johnson
21 Mar 24
4
William Spencer Marshall
18 Mar 24
4
Kevin Weil
18 Mar 24
4
Robert H Schingler
18 Mar 24
Financial summary
Quarter (USD) | Oct 23 | Jul 23 | Apr 23 | Jan 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jan 23 | Jan 22 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 119.75 mm | 119.75 mm | 119.75 mm | 119.75 mm | 119.75 mm | 119.75 mm |
Cash burn (monthly) | 1.59 mm | 7.09 mm | 15.95 mm | 14.88 mm | 7.62 mm | 4.89 mm |
Cash used (since last report) | 8.90 mm | 39.69 mm | 89.33 mm | 83.30 mm | 42.69 mm | 27.39 mm |
Cash remaining | 110.85 mm | 80.05 mm | 30.42 mm | 36.45 mm | 77.06 mm | 92.36 mm |
Runway (months of cash) | 69.8 | 11.3 | 1.9 | 2.4 | 10.1 | 18.9 |
Institutional ownership, Q3 2023
69.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 174 |
Opened positions | 22 |
Closed positions | 29 |
Increased positions | 48 |
Reduced positions | 44 |
13F shares | Current |
---|---|
Total value | 301.42 bn |
Total shares | 171.75 mm |
Total puts | 142.70 k |
Total calls | 118.90 k |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
GOOG Alphabet Inc - Ordinary Shares | 31.94 mm | $83.05 bn |
31.94 mm | $345.30 mm | |
Draper Fisher Jurvetson Fund X | 20.91 mm | $0.00 |
Vanguard | 17.77 mm | $46.21 bn |
BLK Blackrock | 11.77 mm | $30.60 bn |
Canada Pension Plan Investment Board | 7.80 mm | $20.28 bn |
Capricorn Investment | 7.14 mm | $18.57 bn |
STT State Street | 4.70 mm | $12.21 bn |
Geode Capital Management | 3.62 mm | $9.40 bn |
Integrated Core Strategies | 2.62 mm | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Ashley F. Johnson | Class A Common Stock | Sell | Dispose S | No | Yes | 2.53 | 1,000 | 2.53 k | 1,957,012 |
27 Mar 24 | William Spencer Marshall | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.55 | 23,082 | 58.86 k | 2,971,727 |
27 Mar 24 | William Spencer Marshall | Class A Common Stock | Grant | Acquire A | No | No | 0 | 64,690 | 0.00 | 2,994,809 |
27 Mar 24 | Ashley F. Johnson | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.55 | 19,324 | 49.28 k | 1,958,012 |
27 Mar 24 | Ashley F. Johnson | Class A Common Stock | Grant | Acquire A | No | No | 0 | 36,680 | 0.00 | 1,977,336 |
27 Mar 24 | Robert H Schingler | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.55 | 8,294 | 21.15 k | 1,247,230 |
27 Mar 24 | Robert H Schingler | Class A Common Stock | Grant | Acquire A | No | No | 0 | 23,289 | 0.00 | 1,255,524 |
19 Mar 24 | Ashley F. Johnson | Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,131,222 | 0.00 | 1,940,656 |
News
Goldman Sachs Maintains Buy on Planet Labs, Lowers Price Target to $4.2
12 Apr 24
Navigating 4 Analyst Ratings For Planet Labs
4 Apr 24
Citigroup Maintains Buy on Planet Labs, Lowers Price Target to $3.9
4 Apr 24
Benchmark Maintains Buy on Planet Labs, Lowers Price Target to $4
2 Apr 24
JMP Securities Maintains Market Outperform on Planet Labs, Lowers Price Target to $4
1 Apr 24
Press releases
Planet Announces Planet Insights Platform with Powerful Tooling for Unlocking Earth Observation Data
9 Apr 24
From Miles Above, Satellite Data Helps Spot Hazardous Trees and Reduce Wildfire Risk
8 Apr 24
Goldhirsh Foundation Names Groundbreaking All-Female Investment Committee
14 Mar 24
Planet Adds to its Planetary Variable Product Suite with Automated Field Boundary Detection
7 Mar 24
Planet Awarded Contract for Vessel Detection and Monitoring by Naval Information Warfare Center (NIWC) Pacific
5 Mar 24