PL
Planet Labs PBC17.88
-0.17-0.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.61BP/E (TTM)
-Basic EPS (TTM)
-0.43Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Planet issues $460M convertible notes
Planet Labs issued $460 million in 0.50% convertible senior notes due 2030 on September 12, 2025, upsized from an initial $400 million target after exercising the $60 million over-allotment option. The notes carry a low 0.50% interest rate, convertible at $11.95 per share—32.5% above the $9.02 closing price—and mature October 15, 2030, with optional redemption starting October 20, 2028 if stock trades 130% over conversion price. Net proceeds of $445.8 million fund general corporate purposes after $39.6 million for capped calls capping dilution at $18.04 per share. Holders can force repurchase on fundamental changes. This bolsters liquidity yet ties to stock performance risks.
8-K
Scott Reese joins Planet board
Planet Labs PBC stockholders elected Scott Reese, CEO of GE Vernova's Electrification Software business, to the board as a Class II director via written consent on September 5, 2025, effective in early November 2025 after a 40-day notice period. Reese brings two decades of software leadership from Autodesk and Model N to bolster Planet's platform development and growth strategy. His audit committee role starts post-effective date. Reese's expertise sharpens focus on sustainable outcomes.
8-K
Record revenue, surging backlog
Planet Labs reported Q2 fiscal 2026 revenue of $73.4 million, up 20% year-over-year, with adjusted EBITDA swinging to a $6.4 million profit from a prior loss. Backlog exploded 245% to $736.1 million, fueled by major government deals like a €240 million German satellite services contract starting January 2026 and expansions with U.S. DoD and NATO. Yet cash reserves climbed to $271.5 million. Strong visibility tempers execution risks in geopolitics.
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