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PL (Planet Labs PBC) Piotroski F-Score : 6 (As of Jul. 21, 2025)


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What is Planet Labs PBC Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Planet Labs PBC has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Planet Labs PBC's Piotroski F-Score or its related term are showing as below:

PL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 6
Current: 6

During the past 6 years, the highest Piotroski F-Score of Planet Labs PBC was 6. The lowest was 3. And the median was 5.


Planet Labs PBC Piotroski F-Score Historical Data

The historical data trend for Planet Labs PBC's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Planet Labs PBC Piotroski F-Score Chart

Planet Labs PBC Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 3.00 4.00 5.00

Planet Labs PBC Quarterly Data
Jan20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 5.00 5.00 5.00 6.00

Competitive Comparison of Planet Labs PBC's Piotroski F-Score

For the Aerospace & Defense subindustry, Planet Labs PBC's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Planet Labs PBC's Piotroski F-Score Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Planet Labs PBC's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Planet Labs PBC's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Apr25) TTM:Last Year (Apr24) TTM:
Net Income was -38.668 + -20.081 + -35.154 + -12.628 = $-106.5 Mil.
Cash Flow from Operations was -7.858 + 4.076 + -6.295 + 17.346 = $7.3 Mil.
Revenue was 61.092 + 61.266 + 61.554 + 66.265 = $250.2 Mil.
Gross Profit was 32.31 + 37.517 + 38.215 + 36.603 = $144.6 Mil.
Average Total Assets from the begining of this year (Apr24)
to the end of this year (Apr25) was
(674.604 + 658.351 + 630.764 + 633.796 + 658.39) / 5 = $651.181 Mil.
Total Assets at the begining of this year (Apr24) was $674.6 Mil.
Long-Term Debt & Capital Lease Obligation was $10.8 Mil.
Total Current Assets was $324.8 Mil.
Total Current Liabilities was $154.6 Mil.
Net Income was -37.975 + -38.004 + -30.086 + -29.293 = $-135.4 Mil.

Revenue was 53.761 + 55.38 + 58.852 + 60.44 = $228.4 Mil.
Gross Profit was 26.292 + 26.03 + 32.481 + 31.683 = $116.5 Mil.
Average Total Assets from the begining of last year (Apr23)
to the end of last year (Apr24) was
(723.457 + 720.417 + 713.52 + 701.997 + 674.604) / 5 = $706.799 Mil.
Total Assets at the begining of last year (Apr23) was $723.5 Mil.
Long-Term Debt & Capital Lease Obligation was $15.2 Mil.
Total Current Assets was $346.0 Mil.
Total Current Liabilities was $126.4 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Planet Labs PBC's current Net Income (TTM) was -106.5. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Planet Labs PBC's current Cash Flow from Operations (TTM) was 7.3. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Apr24)
=-106.531/674.604
=-0.15791635

ROA (Last Year)=Net Income/Total Assets (Apr23)
=-135.358/723.457
=-0.18709889

Planet Labs PBC's return on assets of this year was -0.15791635. Planet Labs PBC's return on assets of last year was -0.18709889. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Planet Labs PBC's current Net Income (TTM) was -106.5. Planet Labs PBC's current Cash Flow from Operations (TTM) was 7.3. ==> 7.3 > -106.5 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Apr25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr24 to Apr25
=10.806/651.181
=0.01659446

Gearing (Last Year: Apr24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Apr23 to Apr24
=15.207/706.799
=0.02151531

Planet Labs PBC's gearing of this year was 0.01659446. Planet Labs PBC's gearing of last year was 0.02151531. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Apr25)=Total Current Assets/Total Current Liabilities
=324.812/154.554
=2.1016085

Current Ratio (Last Year: Apr24)=Total Current Assets/Total Current Liabilities
=345.958/126.381
=2.73742097

Planet Labs PBC's current ratio of this year was 2.1016085. Planet Labs PBC's current ratio of last year was 2.73742097. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Planet Labs PBC's number of shares in issue this year was 300.268. Planet Labs PBC's number of shares in issue last year was 288.269. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=144.645/250.177
=0.57817066

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=116.486/228.433
=0.50993508

Planet Labs PBC's gross margin of this year was 0.57817066. Planet Labs PBC's gross margin of last year was 0.50993508. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Apr24)
=250.177/674.604
=0.37085016

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Apr23)
=228.433/723.457
=0.31575201

Planet Labs PBC's asset turnover of this year was 0.37085016. Planet Labs PBC's asset turnover of last year was 0.31575201. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+1+0+0+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Planet Labs PBC has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Planet Labs PBC  (NYSE:PL) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Planet Labs PBC Piotroski F-Score Related Terms

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Planet Labs PBC Business Description

Traded in Other Exchanges
N/A
Address
645 Harrison Street, 4th Floor, San Francisco, CA, USA, 94107
Planet Labs PBC is an Earth-imaging company. It uses space to help life on Earth by imaging the world every day and making change visible, accessible, and actionable. Its platform includes imagery, insights, and machine learning that empower companies, governments, and communities around the world to make timely decisions about the evolving world. Its solutions are Broad Area Management. Its products are Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, Planet Insights, and Platform Pricing. The group provides solutions to the Agriculture Science Program, Energy & Infrastructure, Forestry & Land Use, Mapping, Sustainability, Maritime, Civil Government, U.S. State and Local, Europe, Planet Federal, Defense & Intelligence, and Armed Services.
Executives
Ashley F. Johnson officer: See Remarks C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
William Spencer Marshall director, officer: See Remarks C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Kevin Weil officer: President, Product & Business C/O PLANET LABS PBC,, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Kristen Robinson director 2101 WEBSTER STREET #1650, OAKLAND CA 94612
Masi Niccolo De director, officer: Chief Executive Officer 500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105
Ita M Brennan director 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Xxvi Holdings Inc. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Vijaya Gadde director C/O TWITTER INC, 1355 MARKET STREET SUITE 900, SAN FRANCISCO CA 94103
Roizen Jo Ann Heidi director
Carl Bass director C/O AUTODESK INC, 111 MELNNIS PARKWAY, SAN RAFAEL CA 94903
Alphabet Inc. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Google Llc 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Robert H Schingler director, officer: See Remarks C/O PLANET LABS PBC, 645 HARRISON STREET, FLOOR 4, SAN FRANCISCO CA 94107
Darla Anderson director C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103
Dmy Sponsor Iv, Llc director, 10 percent owner 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144