Planet Labs PBC
PL · Radio & Tv Broadcasting & Communications Equipment · 260.1M shares · +60%/yr ↑ dilution · EDGAR filings ↗
Reference price $33.91 · est. market cap ~$8.8B — last insider sale, 2026-04-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C58Satellite-imagery / geospatial-data company — GAAP losses but positive free cash flow and growth.
Strengths
- Positive free cash flow, elite gross margin — FCF $58M (72nd), OCF margin 44% (100th), gross margin 56% (100th)
Risks
- GAAP losses — operating margin -31%, net margin -80%
- Capital-intensive constellation — per 10-K
- Government/customer-concentration risk — per 10-K
Notable findings
- Net lossNet loss (net margin -80.2%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +60%/yr over 4y (dilution, book value/share -96%)
- Strong balance sheetStrong balance sheet — $640M cash & investments
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, FMR LLC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 9 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$24M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
56.1%
Operating margin
-30.9%
Net margin
-80.2%
Return on equity
-131.0%
Return on assets
-21.5%
Revenue growth (QoQ)
8.4%
Current ratio
1.7×
Free cash flow
$58M
EBITDA
-$53M
Tangible book value
$18M
Cash & investments
$640M
Stock comp / revenue
17.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Marshall William Spencer | Tax withheld | 135K | $30.58 |
| 2026-06-15 | Johnson Ashley F. | Tax withheld | 92K | $30.58 |
| 2026-06-15 | Schingler Robert H | Tax withheld | 54K | $30.58 |
| 2026-04-22 | Marshall William Spencer | Gift | 155K | — |
| 2026-04-22 | Schingler Robert H | Gift | 55K | — |
| 2026-04-15 | Brennan Ita M | Sell | 36K | $33.91 |
| 2026-04-06 | Marshall William Spencer | Sell | 200K | $35.07 |
| 2026-04-06 | Schingler Robert H | Sell | 74K | $35.07 |
| 2026-04-06 | Johnson Ashley F. | Other | 526K | — |
| 2026-04-06 | Johnson Ashley F. | Other | 526K | — |
| 2026-04-02 | Johnson Ashley F. | Sell | 149K | $35.22 |
| 2026-04-02 | Johnson Ashley F. | Sell | 51K | $34.76 |
| 2026-03-19 | Marshall William Spencer | Tax withheld | 40K | $26.96 |
| 2026-03-19 | Johnson Ashley F. | Grant | 51K | — |
| 2026-03-19 | Johnson Ashley F. | Tax withheld | 28K | $26.96 |
| 2026-03-19 | Schingler Robert H | Grant | 32K | — |
| 2026-03-19 | Schingler Robert H | Tax withheld | 16K | $26.96 |
| 2026-03-19 | Marshall William Spencer | Grant | 78K | — |
| 2026-03-15 | Johnson Ashley F. | Tax withheld | 86K | $24.79 |
| 2026-03-15 | Schingler Robert H | Tax withheld | 50K | $24.79 |
| 2026-03-15 | Marshall William Spencer | Tax withheld | 122K | $24.79 |
| 2026-03-12 | Marshall William Spencer | Grant | 393K | — |
| 2026-03-12 | Johnson Ashley F. | Grant | 174K | — |
| 2026-03-12 | Schingler Robert H | Grant | 116K | — |
| 2026-02-03 | Johnson Ashley F. | Tax withheld | 34K | $23.95 |
| 2026-02-03 | Schingler Robert H | Option exercise | 36K | — |
| 2026-02-03 | Schingler Robert H | Tax withheld | 19K | $23.95 |
| 2026-02-03 | Marshall William Spencer | Option exercise | 124K | — |
| 2026-02-03 | Marshall William Spencer | Tax withheld | 63K | $23.95 |
| 2026-02-03 | BASS CARL | Option exercise | 20K | — |
| 2026-02-03 | Brennan Ita M | Option exercise | 423 | — |
| 2026-02-03 | Johnson Ashley F. | Option exercise | 61K | — |
| 2026-01-22 | Gadde Vijaya | Sell | 20K | $26.77 |
| 2026-01-21 | Robinson Kristen | Other | 271K | — |
| 2026-01-21 | Robinson Kristen | Other | 271K | — |
| 2026-01-21 | Robinson Kristen | Sell | 48K | $26.96 |
| 2026-01-21 | Johnson Ashley F. | Option exercise | 61K | — |
| 2026-01-21 | Johnson Ashley F. | Sell | 96K | $27.00 |
| 2026-01-21 | Johnson Ashley F. | Sell | 55K | $27.04 |
| 2026-01-21 | Brennan Ita M | Option exercise | 423 | — |
| 2026-01-21 | BASS CARL | Option exercise | 20K | — |
| 2026-01-21 | Schingler Robert H | Option exercise | 36K | — |
| 2026-01-21 | Schingler Robert H | Tax withheld | 19K | $26.38 |
| 2026-01-21 | Marshall William Spencer | Option exercise | 124K | — |
| 2026-01-21 | Marshall William Spencer | Tax withheld | 63K | $26.38 |
| 2026-01-21 | Johnson Ashley F. | Tax withheld | 34K | $26.38 |
| 2026-01-20 | Johnson Ashley F. | Gift | 5.0K | — |
| 2026-01-13 | Johnson Ashley F. | Option exercise | 123K | — |
| 2026-01-13 | Johnson Ashley F. | Tax withheld | 68K | $25.32 |
| 2026-01-13 | Schingler Robert H | Option exercise | 73K | — |
| 2026-01-13 | Schingler Robert H | Tax withheld | 31K | $25.32 |
| 2026-01-13 | Marshall William Spencer | Option exercise | 248K | — |
| 2026-01-13 | Marshall William Spencer | Tax withheld | 121K | $25.32 |
| 2026-01-13 | BASS CARL | Option exercise | 40K | — |
| 2026-01-13 | Brennan Ita M | Option exercise | 844 | — |
| 2025-12-29 | Schingler Robert H | Other | 330K | — |
| 2025-12-29 | Schingler Robert H | Other | 330K | — |
| 2025-12-26 | Marshall William Spencer | Sell | 200K | $19.36 |
| 2025-12-26 | Schingler Robert H | Sell | 74K | $19.35 |
| 2025-12-15 | Schingler Robert H | Tax withheld | 50K | $18.05 |
| 2025-12-15 | Johnson Ashley F. | Tax withheld | 85K | $18.05 |
| 2025-12-15 | Marshall William Spencer | Tax withheld | 122K | $18.05 |
| 2025-11-11 | SMITH GARY B | Sell | 20 | $12.69 |
| 2025-11-03 | Reese Scott | Grant | 8.8K | — |
| 2025-10-13 | Schingler Robert H | Sell | 82K | $15.50 |
| 2025-10-13 | Marshall William Spencer | Sell | 200K | $15.50 |
| 2025-10-09 | SMITH GARY B | Buy | 20 | $15.66 |
| 2025-10-06 | BASS CARL | Option exercise | 377K | $2.33 |
| 2025-10-06 | BASS CARL | Sell | 377K | $15.67 |
| 2025-09-15 | Johnson Ashley F. | Grant | 24K | — |
| 2025-09-15 | Johnson Ashley F. | Tax withheld | 13K | $9.86 |
| 2025-09-15 | Johnson Ashley F. | Tax withheld | 85K | $9.86 |
| 2025-09-15 | Schingler Robert H | Grant | 15K | — |
| 2025-09-15 | Schingler Robert H | Tax withheld | 7.7K | $9.86 |
| 2025-09-15 | Schingler Robert H | Tax withheld | 50K | $9.86 |
| 2025-09-15 | Marshall William Spencer | Grant | 37K | — |
| 2025-09-15 | Marshall William Spencer | Tax withheld | 19K | $9.86 |
| 2025-09-15 | Marshall William Spencer | Tax withheld | 122K | $9.86 |
| 2025-07-14 | Marshall William Spencer | Gift | 200K | — |
| 2025-07-10 | Brennan Ita M | Grant | 32K | — |
| 2025-07-10 | Brennan Ita M | Grant | 14K | — |
| 2025-07-10 | SMITH GARY B | Grant | 32K | — |
| 2025-07-10 | Raymond John w | Grant | 32K | — |
| 2025-07-10 | Gadde Vijaya | Grant | 32K | — |
| 2025-07-10 | BASS CARL | Grant | 32K | — |
| 2025-07-10 | Robinson Kristen | Grant | 32K | — |
| 2025-07-10 | Robinson Kristen | Grant | 9.3K | — |
| 2025-06-15 | Johnson Ashley F. | Tax withheld | 85K | $5.37 |
| 2025-06-15 | Schingler Robert H | Tax withheld | 35K | $5.37 |
| 2025-06-15 | Marshall William Spencer | Tax withheld | 115K | $5.37 |
| 2025-03-20 | Johnson Ashley F. | Grant | 94K | — |
| 2025-03-20 | Johnson Ashley F. | Tax withheld | 50K | $4.24 |
| 2025-03-20 | Marshall William Spencer | Grant | 167K | — |
| 2025-03-20 | Marshall William Spencer | Tax withheld | 76K | $4.24 |
| 2025-03-15 | Johnson Ashley F. | Tax withheld | 66K | $4.16 |
| 2025-03-15 | Schingler Robert H | Tax withheld | 30K | $4.16 |
| 2025-03-15 | Marshall William Spencer | Tax withheld | 66K | $4.16 |
| 2025-03-12 | Marshall William Spencer | Grant | 947K | — |
| 2025-03-10 | Schingler Robert H | Grant | 316K | — |
| 2025-03-10 | Raymond John w | Grant | 11K | — |
| 2025-03-10 | Johnson Ashley F. | Grant | 511K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-05 | 0001140361-26-024109 ↗ |
| 10-K/A | 2026-06-05 | 2026-01-31 | 0001193125-26-258284 ↗ |
| 10-Q | 2026-06-05 | 2026-04-30 | 0001193125-26-258304 ↗ |
| 8-K | 2026-06-04 | 2026-06-04 | 0001193125-26-257401 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001193125-26-204366 ↗ |
| 8-K | 2026-03-27 | 2026-03-27 | 0001193125-26-127750 ↗ |
| 10-K | 2026-03-23 | 2026-01-31 | 0001193125-26-119957 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001193125-26-115951 ↗ |
| 8-K | 2026-02-05 | 2026-02-03 | 0001193125-26-038075 ↗ |
| 8-K | 2026-01-23 | 2026-01-21 | 0001193125-26-020587 ↗ |
| 8-K | 2026-01-16 | 2026-01-13 | 0001193125-26-014326 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001193125-26-009922 ↗ |