Planet Labs sells a daily photo record of Earth and builds satellites for governments. In the three months to July 31, 2026, revenue jumped and operating losses narrowed, but new shares keep thinning each owner's slice.
Picture a photo of your street taken from space today, then another tomorrow, and every day after. Planet Labs runs hundreds of small satellites that photograph all of Earth's land daily. It has built an archive averaging more than 3,000 images of every point. Past days cannot be photographed again, so that history cannot be rebuilt. Planet earns by selling the pictures and analysis built on them. More and more, it also builds and runs whole satellites for governments.
Businesses and governments buy imagery the fleet has already captured, plus analysis ready for software and AI tools. Large government customers also pay Planet to design and build satellites they will own, and then to launch and operate them. Those deals are big, but each programme ties up factory and launch work. Planet says that building many small satellites and improving them often, the way software is developed, costs significantly less than traditional aerospace. The data and satellites earn well above their direct cost. Spending to develop products and win customers is what keeps Planet loss-making. As satellite-building work grows, the balance between selling data and building hardware will decide how much is left over. Revenue also depends on a few large customers.
Create a free account to unlock the rest of this report and access all published research.
This report is general, non-personalized research provided solely for informational and educational purposes. It is not financial or investment advice, a personalized recommendation, an offer to the public, a solicitation, an instruction to buy, sell or hold a financial instrument, or an invitation to engage in an investment activity. ReasyPort is not an authorised or regulated investment firm and does not provide a MiFID II investment service.
This report is based on primary and public sources identified in the report, including issuer filings, annual and interim reports, regulated announcements, investor-relations materials, market data and, where relevant, institutional macroeconomic publications. Facts should be read separately from interpretations, estimates and opinions.
Text, analyses, summaries, translations and charts may be produced with the support of Artificial Intelligence and are subjected to deterministic data and consistency checks before publication. These controls reduce, but cannot eliminate, errors, omissions or incorrect interpretations. Editorial responsibility for publication remains with the producer identified above.
ReasyPort View labels, fair values, forecasts, scenarios, price references and other forward-looking statements are editorial estimates or opinions, not facts or trading instructions. They depend on the assumptions, methodology, market price and information available on the stated reference date and may change without notice. The report is not monitored or updated in real time.
Any relationship, compensation, material holding or other circumstance known to ReasyPort that could reasonably impair the objectivity of a report must be disclosed with that report. Questions, corrections and potential conflicts may be reported through the legal contact shown above.
Public and primary sources, automated extraction and data providers may contain material errors, omissions, inaccuracies, restatements or delays. Accuracy, completeness and timeliness are therefore not guaranteed, and important information should be checked against the original source before it is used.
To the maximum extent permitted by applicable law, ReasyPort, the author, the publisher and the persons involved in producing the report are not liable for losses arising from decisions made solely in reliance on this report. Nothing in this notice excludes or limits any liability that cannot lawfully be excluded or limited.
Any investment decision should be made independently, if appropriate with the support of a licensed financial adviser. Investments in financial instruments involve risks, including the possible partial or total loss of invested capital.
Research methodology, assumptions and disclosuresMeaning of ReasyPort View