Planet Labs PBC (PL) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Planet Labs PBC Do?
Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, and local government bodies. The company was incorporated in 2010 and is headquartered in San Francisco, California. Planet Labs PBC (PL) is classified as a large-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO William S. Marshall and employs approximately 800 people. With a market capitalization of $10.7B, PL is one of the prominent companies in the Technology sector.
Planet Labs PBC (PL) Stock Rating — Hold (April 2026)
As of April 2026, Planet Labs PBC receives a Hold rating with a composite score of 39.3/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.PL ranks #995 out of 4,446 stocks in our coverage universe. Within the Technology sector, Planet Labs PBC ranks #79 of 585 stocks, placing it in the top quartile of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
PL Stock Price and 52-Week Range
Planet Labs PBC (PL) currently trades at $36.23. The stock gained $5.52 (18.0%) in the most recent trading session. The 52-week high for PL is $30.90, which means the stock is currently trading 17.3% from its annual peak. The 52-week low is $2.79, putting the stock 1198.6% above its annual trough. Recent trading volume was 25.7M shares, indicating strong institutional interest and high liquidity.
Is PL Overvalued or Undervalued? — Valuation Analysis
Planet Labs PBC (PL) carries a value factor score of 34/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 56.41x, versus the sector average of 3.12x. The price-to-sales ratio is 39.79x, compared to 1.08x for the average Technology stock.
At current multiples, Planet Labs PBC trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
Planet Labs PBC Profitability — ROE, Margins, and Quality Score
Planet Labs PBC (PL) earns a quality factor score of 27/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -36.0%, compared to the Technology sector average of -1.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -5.9% versus the sector average of -1.0%.
On a margin basis, Planet Labs PBC reports gross margins of 57.3%, compared to 51.2% for the sector. The operating margin is -32.5% (sector: -0.6%). Net profit margin stands at -25.4%, versus -1.6% for the average Technology stock. Revenue growth is running at 20.1% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
PL Debt, Balance Sheet, and Financial Health
Planet Labs PBC has a debt-to-equity ratio of 508.0%, compared to the Technology sector average of 44.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.65x, suggesting adequate working capital coverage. Total debt on the balance sheet is $446M. Cash and equivalents stand at $443M.
PL has a beta of 1.75, meaning it is more volatile than the broader market — a $10,000 investment in PL would be expected to move 75.4% more than the S&P 500 on any given day. The stability factor score for Planet Labs PBC is 23/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
Planet Labs PBC Revenue and Earnings History — Quarterly Trend
In TTM 2026, Planet Labs PBC reported revenue of $267M and earnings per share (EPS) of $-0.80. Net income for the quarter was $-68M. Gross margin was 57.3%. Operating income came in at $-86M.
In FY 2026, Planet Labs PBC reported revenue of $308M and earnings per share (EPS) of $-0.80. Net income for the quarter was $-247M. Gross margin was 56.0%. Revenue grew 25.9% year-over-year compared to FY 2025. Operating income came in at $-95M.
In Q2 2026, Planet Labs PBC reported revenue of $73M and earnings per share (EPS) of $-0.07. Net income for the quarter was $-23M. Gross margin was 57.6%. Revenue grew 20.1% year-over-year compared to Q2 2025. Operating income came in at $-18M.
In Q1 2025, Planet Labs PBC reported revenue of $66M and earnings per share (EPS) of $-0.04. Net income for the quarter was $-13M. Gross margin was 55.2%. Operating income came in at $-23M.
Over the past 8 quarters, Planet Labs PBC has demonstrated a growth trajectory, with revenue expanding from $61M to $267M. Investors analyzing PL stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
PL Dividend Yield and Income Analysis
Planet Labs PBC (PL) does not currently pay a dividend. This is common among growth-oriented companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
PL Momentum and Technical Analysis Profile
Planet Labs PBC (PL) has a momentum factor score of 79/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 26/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 18/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
PL vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, Planet Labs PBC (PL) ranks #79 out of 585 stocks based on the Blank Capital composite score. This places PL in the top quartile of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.2/100, NCR Atleos Corp (NATL) with a score of 48.8/100, Motorsport Games Inc. (MSGM) with a score of 49.8/100, STMicroelectronics N.V. (STM) with a score of 50.8/100, and VERISIGN INC/CA (VRSN) with a score of 55.2/100.
Comparing PL against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PL vs S&P 500 (SPY) comparison to assess how Planet Labs PBC stacks up against the broader market across all factor dimensions.
PL Next Earnings Date
No upcoming earnings date has been announced for Planet Labs PBC (PL) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy PL? — Investment Thesis Summary
Planet Labs PBC presents a balanced picture with arguments on both sides. The quality score of 27/100 flags below-average profitability. The value score of 34/100 indicates premium valuation. Price momentum is positive at 79/100, suggesting the trend favors buyers. High volatility (stability score 23/100) increases portfolio risk.
In summary, Planet Labs PBC (PL) earns a Hold rating with a composite score of 39.3/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PL stock.
Related Resources for PL Investors
Explore more research and tools: PL vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PL head-to-head with peers: PL vs IHS, PL vs NATL, PL vs MSGM.