Planet Labs stock trades at EUR 11.85 in late Friday session

Planet Labs stock traded at 11.85 euros on Lang & Schwarz at 19:47 CET on Friday, October 30, 2026. The satellite-data company remains in focus after a sharp October pullback and ahead of its next quarterly update.

Revenue Growth Faces A Timing Test

Planet Labs generated USD 116 million in revenue in fiscal Q2 2027, the quarter ended July 31, 2026, according to Trefis. That represented 58.1 percent growth from a year earlier, but the quarter benefited from the handover of the first Pelican satellite for the Swedish Armed Forces.

Revenue from that handover was recognized at once rather than over the life of the contract and accounted for 12 percent of quarterly revenue, compared with 1 percent a year earlier. The one-time contribution makes the next report important for judging how much of the growth rate is recurring.

Management Sets A Lower Near-Term Range

Management expects fiscal Q3 2027 revenue of USD 101 million to USD 105 million, below the preceding quarter's reported revenue. The company is expected to release those results on or around December 8, 2026.

The same analysis said Planet Labs generated USD 118 million of operating cash flow over the latest twelve months and held cash and short-term investments exceeding debt by USD 367 million at the end of July. Investors will nevertheless have to weigh those financial resources against an operating loss equal to 27.2 percent of revenue.

For investors, the next update should clarify whether defense and sovereign demand can sustain growth after the Pelican handover. Revenue relative to the fiscal Q3 guide is likely to be the central operating indicator.

For broader context, the S&P 500 provides the relevant U.S. market backdrop.

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