Planet Labs Stock Drops After Q4 Miss, Moderate Q1 & FY26 Guidance: Details

Planet Labs PBC (NYSE:PL) shares are trading lower premarket on Friday.

On Thursday, the company reported fourth-quarter adjusted losses of 8 cents per share, missing the consensus of 2 cents.

Revenue of $61.6 million, up 5% year over year, missed the consensus of $61.87 million.

Percent of Recurring Annual Contract Value (ACV) for the fourth quarter stood at 97% and End of Period (EoP) Customer Count was 976.

As of January 31, 2025, backlog stood at $498.5 million. Non-GAAP gross margin was 65%, higher than 58% in the prior year quarter.

The company reported adjusted EBITDA profit of $2.4 million compared to a loss of $9.8 million in the fourth quarter of fiscal year 2024. This is the first ...