PL

Planet Labs PBC (PL) stock has experienced significant volatility and gains in the past six months, with a remarkable increase of approximately 195.5% in the last six months and 996.63% over the past year. The company reported record annual revenue of $308 million for the fiscal year ended January 31, 2026, a 26% increase year-over-year, and achieved its first full fiscal year of non-GAAP profitability with an adjusted EBITDA profit of $15.5 million and positive free cash flow of $53 million. The company reported a substantial increase in its backlog, surging 79% year-over-year to over $900 million as of January 31, 2026. Successful launches of Pelican satellites, including the first under the Swedish Armed Forces defense partnership, reinforced its growing government intelligence customer base. The completion of a public warrant redemption generated approximately $104.5 million in proceeds, but also triggered dilution concerns. Notable insider selling has weighed on sentiment. Planet successfully achieved in-orbit AI object detection, paving the way for near real-time Earth insights. Analyst sentiment is mixed, with some raising price targets while others maintain a Hold rating.