Planet Labs PBC logo

Planet Labs PBC(PL)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$14.31
10/29/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for PL

10/29/2026: PL (3-star) is currently NOT-A-BUY. Pass it for now.

Planet Labs PBC is a satellite operator providing daily Earth observation data to government and commercial clients. The company’s primary strength lies in its unique ability to provide daily global imagery, acting as a crucial data layer for industries ranging from defense to agriculture. The investment story centers on the company’s transition toward higher-margin software and AI-driven analytics. However, Planet faces significant risks from high capital expenditure requirements, intense competition in the space sector, and the challenge of achieving sustained profitability. It may best suit growth-oriented investors willing to monitor quarterly progress on operating margins and government contract retention.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fit while signal remains positiveInvestors seeking long-term exposure to the space economy benefit from Planet's unique data asset, provided growth targets are met.
Momentum investorMixed fitThe stock has experienced significant volatility, requiring a positive trend signal for entry.
Value investorWeak fitThe company is in a growth phase with negative earnings, making it unsuitable for traditional value metrics.
Dividend investorWeak fitPlanet does not pay dividends and focuses all capital on scaling operations.
Low-risk investorWeak fitHigh capital intensity and market volatility make this unsuitable for risk-averse portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighHigh beta often leads to significant price swings driven by market sentiment in the space sector.
Valuation riskMedium / highAs a growth stock not yet consistently profitable, the company's valuation relies heavily on future earnings expectations.
Competition risk (Satellite imaging)MediumNew entrants and government players could erode pricing power if the market becomes commoditized.
Business qualityMediumRecurring revenue from subscriptions is a quality feature, but margins are currently pressured by high operational overhead.
Dividend incomeLow / noneThis is a growth-oriented stock with no expectation of dividend payments.
Execution riskMediumThe company must continue to successfully launch, replace, and operate its satellite constellation while managing software growth.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit 338.38%
Avg. Invested days 32
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/29/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
PL receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, soft quantitative characteristics, and weak price momentum.

Company Fundamentals

★★★★★
PL has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2026 versus FY2025, strong cash generation (FCF margin 18.7%) and solid revenue growth (+25.9%) are partially offset by negative earnings growth (-100.4%), weak profitability (net margin -80.2%), modest insider ownership of 1.27%.

Financial Health Rating

★★★★★
PL's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 26.7%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is PL's strongest growth driver at +198.3% FY2026 versus FY2025 (strong, 5 stars). By comparison, revenue growth (+25.9%, solid) is also solid, while earnings growth (-100.4%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 83.0% and approximately 88.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.27% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Alphabet Inc 9.69%
BlackRock Inc 5.08%
American Century Companies Inc 3.96%
Vanguard Capital Management, LLC 3.54%
Vanguard Portfolio Management, LLC 3.28%

Unit Economics (Per $1K Revenue)

★★★★★
PL generates approximately $561 of gross profit, $-309 of operating income, and $187 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Operating losses explain the 2-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -1.92% (Tax Credit)

Quantitative Style Profile

★★★★★
PL has a liquid profile. Weak momentum is the primary drawback, while soft valuation.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.21B USD
Price to earnings Ratio -
1Y Target Price 30.27
Price to earnings Ratio -
1Y Target Price 30.27
Volume (30-day avg) 10.0M shares
Beta 2.17
52 Weeks Range 10.52 - 51.76
Updated Date 10/29/2026
52 Weeks Range 10.52 - 51.76
Updated Date 10/29/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.1

How Company Makes Money

Business areaWhat it includesRetail investor read
Subscription ServicesRecurring revenue from government and commercial access to Planet's imagery data platform.Most of the money comes from long-term contracts for data access, providing more predictable revenue.
Professional ServicesCustom analytical projects, data integration, and one-time software implementations.These are secondary projects that support the main subscription business.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE -
Forward PE -
Enterprise Value 4.91B
Price to Sales(TTM) 13.78
Enterprise Value 4.91B
Price to Sales(TTM) 13.78
Enterprise Value to Revenue 12.97
Enterprise Value to EBITDA -6.73
Shares Outstanding 340.35M
Shares Floating 302.21M
Shares Outstanding 340.35M
Shares Floating 302.21M
Percent Insiders 1.27
Percent Institutions 83.01

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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