Planet Labs PBC reported record second-quarter fiscal 2027 Revenue of $116.1 million and adjusted EBITDA profit of $13.9 million. The company ended the period with $865.4 million in cash, cash equivalents and short-term investments, while recurring annual contract value reached 98%, giving investors visibility into operations and financial resources.

Key Highlights

  • Planet Labs PBC’s adjusted EBITDA profit reached $13.9 million, up from $6.4 million in the comparable quarter.
  • Remaining performance obligations stood at approximately $753.1 million, with approximately 46% applying to the next twelve months.
  • Planet Labs reported record revenue during second-quarter fiscal 2027.

The results cover the period ended July 31, 2026, and were announced on September 3, 2026.

Record Revenue Drives Profit Planet (NYSE: PL)

Labs said recurring annual contract value represented 98% at the end of the quarter. Gross Margin was 57%, compared with 58% in the comparable quarter, while non-GAAP gross margin was 59%, compared with 61%. Adjusted EBITDA profit increased from $6.4 million in the comparable quarter to $13.9 million.

Contracted Revenue Visibility Remaining

performance obligations were approximately $753.1 million. The company’s reported revenue, contract measures and cash balance were accompanied by operational activity during the quarter. Planet (NYSE: PL) Labs successfully launched the Pelican-11 technical demonstration satellite in July. The company also said its agentic artificial intelligence application had reached an open Beta phase. The application is designed to let users query Planet’s global data archive through natural language. Planet Labs expects to report third-quarter fiscal year 2027 results for the period ending October 31, 2026. Its full-year fiscal 2027 outlook includes revenue, non-GAAP gross margin, adjusted EBITDA profit and Capital Expenditure expectations.