Plutux
$19.99
+3.79%
2026-09-02 16:00:03 EDT+$0.73
Industrials
Aerospace & Defense
NYSE
Active Trading

Planet Labs PBC is dedicated to the creation, deployment, and management of extensive satellite constellations. Its core mission is to provide frequent, ...

Price Action

$19.99
+3.79%+$0.73
High
Low
52W High-61.4%
Rel. vol
Interval
Range6.5h
VolumeSMA5SMA10
Planet Labs PBC, commonly known as Planet, is a leading provider of global, daily satellite imagery and geospatial data. Founded in 2010 by former NASA scientists Chris Boshuizen, Will Marshall, and Robbie Schingler, the company was initially named Cosmogia before rebranding to Planet Labs. Headquartered in San Francisco, California, Planet ...Planet Labs PBC, commonly known as Planet, is a leading provider of global, daily satellite imagery and geospatial data. Founded in 2010 by former NASA scientists Chris Boshuizen, Will Marshall, and Robbie Schingler, the company was initially named Cosmogia before rebranding to Planet Labs. Headquartered in San Francisco, California, Planet went public on the New York Stock Exchange in April 2021 under the ticker PL, becoming a Public Benefit Corporation (PBC) to balance profit with social and environmental goals. Business and Products: Planet operates the largest Earth observation fleet, consisting of multiple satellite constellations, including the RapidEye, PlanetScope, SkySat, and the newer Pelican series. These satellites capture high-resolution, multi-spectral, and panchromatic imagery of the Earth's entire landmass daily. The core product is a cloud-native platform that processes and delivers imagery and analytics, enabling temporal analysis and integration with other data sources. The company also provides space-based equipment and complementary software solutions, catering to sectors such as agriculture, cartography, forestry, finance, insurance, and government entities at federal, state, and municipal levels. Services and Cost Structure: Planet's services include data subscription models, custom analytics, and satellite tasking for high-resolution images. The company's cost structure is heavily invested in research and development (R&D), with R&D expenses accounting for roughly 34.9% of revenue, and sales, general, and administrative (SG&A) expenses at 52.6% of revenue. The company has a gross profit margin of approximately 55.5%, but due to high operating costs, it has been operating at a net loss, with a negative net profit margin of -111.2% in the trailing twelve months (TTM). Financial Overview: As of the latest data, Planet has a market capitalization of around $7.97 billion. The stock price is $23.93, with a price-to-sales ratio of 23.74 and a price-to-book ratio of 18.64. The company's enterprise value is approximately $8.09 billion, reflecting an EV-to-sales multiple of 24.09. Planet has a debt-to-equity ratio of 1.1 and a current ratio of 2.81, indicating decent short-term liquidity. The company generates revenue per share of $0.971, but has negative earnings per share of -$1.08. Free cash flow is positive but small, at $0.136 per share, and the company has a cash per share of $2.118. Despite ongoing losses, Planet has maintained a strong cash position, with a cash ratio of 1.22, suggesting it has sufficient cash to cover short-term liabilities. Key People and Leadership: Will Marshall, co-founder, serves as CEO, leading overall strategy. Robbie Schingler is co-founder and Chief Strategy Officer, while Ashley Fieglein Johnson is President and CFO. The leadership team brings a mix of scientific and entrepreneurial expertise, with backgrounds from NASA and other tech firms. Future Outlook: Planet is focused on expanding its satellite constellation with AI-enabled Pelican satellites and growing its government and commercial customer base. The company aims to achieve profitability by scaling its data platform and enhancing value-added services, while continuing to advance its mission of 'imaging the world every day to make change visible'. Challenges and Opportunities: Planet faces challenges in achieving profitability due to high capital expenditures and operational costs, but it also has significant opportunities in the growing Earth observation market. With increasing demand for geospatial data in climate monitoring, agriculture, and national security, Planet is well-positioned to capitalize on these trends, especially with its unique daily revisit capability.
Founded
2010
Employees
973
CEO
William Spencer Marshall
Full Name
Planet Labs PBC
Sector
Industrials
Industry
Aerospace & Defense
ROE
-93.11%
Market Cap
$6.65B
Current Ratio
2.84
WACC
13.78%
ROIC
-33.25%

Contact Information

415 829 3313
645 Harrison Street, San Francisco, CA 94107

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