The company, with the ticker PL, anticipates its adjusted EBITDA for the second quarter to fall within the range of $2 million to $4 million. This projection reflects the company's current assessment of its financial performance, offering investors insight into expected earnings before interest, taxes, depreciation, and amortization adjustments for the period.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Planet Labs PBC (PL, Financial) is $5.53 with a high estimate of $8.00 and a low estimate of $3.50. The average target implies an upside of 38.53% from the current price of $3.99. More detailed estimate data can be found on the Planet Labs PBC (PL) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Planet Labs PBC's (PL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Planet Labs PBC (PL, Financial) in one year is $3.33, suggesting a downside of 16.54% from the current price of $3.99. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Planet Labs PBC (PL) Summary page.
PL Key Business Developments
Release Date: March 20, 2025
- Full-Year Revenue: $244.4 million, 11% year-over-year growth.
- Q4 Revenue: $61.6 million, 5% year-over-year growth.
- Non-GAAP Gross Margin: 60% for the full year, up from 54% the previous year.
- Q4 Non-GAAP Gross Margin: 65%, compared to 58% in the previous year.
- Full-Year Adjusted EBITDA Loss: $10.6 million.
- Q4 Adjusted EBITDA: Positive $2.4 million, marking the first quarter of adjusted EBITDA profitability.
- Backlog: Approximately $498.5 million, up 115% quarter over quarter.
- Net Dollar Retention Rate: 106%, with winbacks at 107%.
- End-of-Period Customer Count: 976 customers.
- Capital Expenditures: $49.6 million for the full year, approximately 20% of revenue.
- Cash and Equivalents: Approximately $222 million at the end of the quarter.
- Guidance for Fiscal 2026 Revenue: Expected between $260 million and $280 million.
- Guidance for Q1 Fiscal 2026 Revenue: Expected between $61 million and $63 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Planet Labs PBC (PL, Financial) achieved a record $244.4 million in revenue for the full year, representing an 11% year-over-year growth.
- The company reached its target of adjusted EBITDA positive in Q4, marking the first time in its history.
- A landmark $230 million commercial agreement was signed with JSAT, enhancing their satellite services market presence.
- Backlog increased to almost $0.5 billion, up over 100% year-over-year, indicating strong future revenue potential.
- The launch of 74 satellites, including Pelican and Tanager spacecraft, expanded their operational capabilities.
Negative Points
- The commercial sector faced headwinds, particularly in agriculture, with revenue down more than 10% year-over-year.
- Despite growth in other sectors, North America revenue grew only approximately 5% year-over-year, indicating regional challenges.
- The company reported a full-year adjusted EBITDA loss of $10.6 million, despite improvements.
- Capital expenditures were higher than expected, driven by timing of procurements for satellite and ground station infrastructure.
- The company anticipates continued variability in expenses and a potential adjusted EBITDA loss in the upcoming quarter.
