Planet Labs Reports Record FY 2026 Results, Shifts to AI-Driven SaaS Model

Planet Labs PBC reported its first full year of non-GAAP profitability for fiscal year 2026, with a 25.2% share price increase following a strong financial performance. The company achieved $307.7 million in total revenue, driven by a 50% increase in the Defense & Intelligence segment. A strategic pivot to 'Planetary Intelligence' powered by AI, including a partnership with NVIDIA, marks a transition to a Software-as-a-Service model. Planet anticipates revenue growth to $415-$440 million in fiscal 2027.

Published Mar 23, 2026

Planet Labs PBC announced record financial results for fiscal year 2026, achieving non-GAAP profitability for the first time. The share price surged by 25.2% following this announcement. Fiscal Q4 revenue reached $86.8 million, a 41% increase year-over-year, with total revenue for the year climbing 26% to $307.7 million.

AI-curated by Theia

Growth was driven by the Defense & Intelligence segment, which saw over 50% revenue growth, including a significant deal with the Swedish Armed Forces. Planet's adjusted EBITDA profit was $15.5 million, reversing a loss from the previous year.

The company plans to launch the Pelican and Tanager satellite constellations, enhancing its AI-driven 'Planetary Intelligence' capabilities. Revenue projections for fiscal 2027 are between $415 million and $440 million.