Planet Labs PBC announced its financial results for the third quarter of fiscal year 2026, showcasing record revenue of $81 million, marking a significant 33% year-over-year increase.
The company reported an impressive RPO increase of 361% year-over-year to $672 million, with a backlog increase of 216% to $734 million.
Planet Labs PBC also highlighted a notable achievement of generating $114 million of net cash provided by operating activities in the year-to-date period.
Revenue Growth
Q3 revenue surged by 33% year-over-year, reaching a record $81 million.
Financial Stability
The company reported positive free cash flow for the third consecutive quarter, ending with approximately $677 million in cash, cash equivalents, and short-term investments.
Operational Achievements
Successful launch of 2 High Resolution Pelican Satellites & 36 SuperDove Satellites in the reported period.
- The company's AI-enabled global monitoring solutions gained traction, leading to significant partnership expansions with entities like NGA and NATO.
- Acquisition of Bedrock Research positions Planet Labs PBC to further capitalize on the growing demand for AI solutions.
Planet Labs PBC's strong financial performance in Q3 FY2026 underscores its continued growth and strategic advancements in the space technology sector, consolidating its position as a key player in Earth monitoring and data analytics.