Welcome to our dedicated page for Planet Labs Pbc SEC filings (Ticker: PL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Planet Labs PBC filings document an Earth-observation company that provides satellite imagery, geospatial data, and related software solutions. The company’s 8-K reports include operating results, Regulation FD disclosures, material agreements, and other events tied to its commercial and government satellite-data business.
Recent filings also describe capital-structure matters involving Class A common stock, Class B common stock, earnout share issuances, and public warrants originally issued with IPO units. The record includes warrant redemption disclosures and a Form 25 covering removal of the redeemable warrants from NYSE listing and registration.
Planet Labs PBC reported record first-quarter fiscal 2027 revenue of $94.2 million, up 42% year-over-year. Growth was driven by 99% recurring annual contract value and strong government and commercial demand. Remaining performance obligations rose 81% year-over-year to $816.0 million, and backlog increased 72% to $906.1 million, supporting future revenue visibility.
The company posted a GAAP net loss of $138.9 million, largely from a $106.5 million non-cash loss on warrant revaluation tied to stock price appreciation. Non-GAAP net loss was $8.8 million and adjusted EBITDA loss was $1.0 million. Operating cash flow was $15.4 million and free cash flow was negative $2.5 million. Planet ended the quarter with $730.8 million in cash, cash equivalents and short-term investments.
For the second quarter, Planet guides revenue to $102–$107 million, non-GAAP gross margin of 52–55% and adjusted EBITDA between $0 and $5 million. Full-year fiscal 2027 revenue is expected at $425–$441 million with adjusted EBITDA between $0 and $10 million and capital expenditures of $80–$95 million.
Planet Labs PBC is asking stockholders to vote at its fully virtual 2026 Annual Meeting on July 9, 2026. Stockholders will be asked to re-elect three Class II directors (Vijaya Gadde, General John W. Raymond and Scott Reese), ratify KPMG LLP as auditor, and approve a non-binding advisory vote on executive pay.
The proxy highlights fiscal 2026 revenue of $307.7 million, up 26% from $244.4 million, with a net loss of ($246.9) million but positive adjusted EBITDA of $15.5 million. Gross margin was 56% (non-GAAP 59%). Planet ended the year with $640.1 million in cash, $852.4 million of remaining performance obligations, and $900.4 million of backlog.
The company emphasizes governance practices such as an independent-majority board, fully independent committees, annual self-evaluations, an anti-hedging policy, and its status as a Delaware public benefit corporation with a dual-class share structure (Class A one vote per share, Class B twenty votes per share). The board recommends voting FOR all three proposals.
Planet Labs PBC has completed the redemption of all its outstanding public warrants to buy Class A common stock. Of 9,162,223 public warrants outstanding on March 27, 2026, 9,090,913 were exercised for cash at an exercise price of $11.50 per share, generating aggregate cash proceeds of $104.5 million.
A remaining 71,310 public warrants were redeemed at $0.01 each for a total of $713, after which no public warrants remained outstanding. Following the redemption, Planet Labs had 332,899,400 shares of Class A common stock and 23,493,796 shares of Class B common stock outstanding, and its Class A shares continue trading on the NYSE under the symbol PL.
Planet Labs PBC had its class of redeemable warrants struck from listing and registration on the New York Stock Exchange. The removed securities are redeemable warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share. The form lists an expiration reference of March 31, 2018 and cites Commission File Number 001-40166.
Planet Labs PBC co-founder and Chief Strategy Officer Robert H. Schingler reported a bona fide gift of 55,000 shares of Class A Common Stock held indirectly through the Ulysses Trust 02021.1, dated February 26, 2021. No value was received and no price was reported because this was not a market transaction. After the gift, the trust holds 201,488 shares indirectly, while Schingler also directly holds 992,933 shares, including 851,339 RSUs that vest in equal quarterly installments on March 15, June 15, September 15 and December 15.
Planet Labs PBC Co-Founder and CEO Marshall William Spencer reported a bona fide gift of 155,000 shares of Class A Common Stock, with no value received and no market price reported. Following the gift, he holds 3,037,726 shares directly, including 2,222,807 RSUs that vest quarterly.
Planet Labs PBC director Brennan Ita M sold 36,500 shares of Class A Common Stock in an open‑market transaction. The sale occurred on April 15, 2026 at a weighted average price of $33.9063 per share, under a Rule 10b5-1 trading plan adopted on January 14, 2026.
Following this sale, the director holds 264,158 shares directly. This includes 3,478 RSUs that vest in equal quarterly installments on the 15th of June and 32,468 RSUs that fully vest on the earlier of the first anniversary of the grant or the issuer's next annual stockholder meeting.
Planet Labs PBC director and Co-Founder/Chief Strategy Officer Robert H. Schingler reported an open-market sale of Class A Common Stock. An entity associated with him, the Ulysses Trust 02021.1, sold 73,683 shares at a weighted average price of $35.074 per share on April 6, 2026.
Following the sale, the trust held 256,488 shares indirectly. Separately, Schingler reported 992,933 shares held directly, which include 851,339 RSUs that vest in equal quarterly installments on the 15th of March, June, September and December. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on July 14, 2025, indicating it was scheduled in advance.
Planet Labs PBC director and Co-Founder & CEO Marshall William Spencer sold shares in the company. On April 6, 2026, he executed an open‑market sale of 200,000 shares of Class A Common Stock at a weighted average price of $35.0726 per share.
The transaction was carried out under a pre‑arranged Rule 10b5‑1 trading plan. Following this sale, he directly holds 3,192,726 shares of Class A Common Stock, including 2,222,807 restricted stock units that vest in equal quarterly installments on March 15, June 15, September 15 and December 15.