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PL (Planet Labs PBC) Net Income : $-118.1 Mil (TTM As of Oct. 2024)


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What is Planet Labs PBC Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Planet Labs PBC's Net Income for the three months ended in Oct. 2024 was $-20.1 Mil. Its Net Income for the trailing twelve months (TTM) ended in Oct. 2024 was $-118.1 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Planet Labs PBC's Earnings per Share (Diluted) for the three months ended in Oct. 2024 was $-0.07.


Planet Labs PBC Net Income Historical Data

The historical data trend for Planet Labs PBC's Net Income 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 Net Income Chart

Planet Labs PBC Annual Data
Trend Jan20 Jan21 Jan22 Jan23 Jan24
Net Income
-123.71 -127.10 -137.12 -161.97 -140.51

Planet Labs PBC Quarterly Data
Jan20 Jul20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Net Income 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 -38.00 -30.09 -29.29 -38.67 -20.08

Planet Labs PBC Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Planet Labs PBC's Net Income for the fiscal year that ended in Jan. 2024 is calculated as

Net Income(A: Jan. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-139.694+-0.815+0+0
=-140.5

Planet Labs PBC's Net Income for the quarter that ended in Oct. 2024 is calculated as

Net Income(Q: Oct. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-20.056+-0.025+0+0
=-20.1

Net Income for the trailing twelve months (TTM) ended in Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-118.1 Mil.

* 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.


Planet Labs PBC  (NYSE:PL) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Planet Labs PBC's Earnings per Share (Diluted) (EPS) for the quarter that ended in Oct. 2024 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Planet Labs PBC Net Income 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. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.
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