Planet Labs Q3 revenue beats estimates

Planet Labs PBC

10/12/2025 21:15

Overview

Earth observation firm's Q3 fiscal revenue rises 33% yr/yr, beating analyst expectations

Company's adjusted EBITDA turns profitable for fourth consecutive quarter

Company acquires Bedrock Research to boost AI capabilities

Outlook

Planet Labs expects Q4 revenue between $76 mln and $80 mln

Company projects full-year revenue between $297 mln and $301 mln

Planet Labs anticipates Q4 adjusted EBITDA loss of $7 mln to $5 mln

Result Drivers

AI SOLUTIONS DEMAND - Strong demand for AI-enabled global monitoring solutions, including contracts with NGA and NATO, drove revenue growth, per CEO Will Marshall

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$81.25 mln
$71.99 mln (10 Analysts)
Q3 EPS
-$0.19
Q3 Net Income
-$59.19 mln
Q3 Gross Margin
57.00%
Q3 Adjusted Gross Margin
60.00%
Q3 Gross Profit
$46.58 mln
Q3 Operating Expenses
$64.92 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Planet Labs PBC is $16.00, about 24.6% above its December 9 closing price of $12.84

Press Release: ID:nBw4J7mtBa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)