Planet Labs FY27 Q2 adjusted EBITDA rises 117.45% to $13.93 million year over year; revenue climbs 58% to $116.1 million year over year - PL News | Rallies
Planet Labs reports stronger quarterly revenue and EBITDA
Planet Labs posted 2Q’27 revenue of $116.1 million, up 58% year over year.
Net loss narrowed to $9.35 million, while adjusted EBITDA rose to $13.93 million from $6.41 million a year earlier.
GAAP gross margin eased to 57% from 58%; non-GAAP gross margin slipped to 59% from 61%.
Backlog increased 11% year over year to $814.86 million; cash and short-term investments totaled $865.4 million at quarter-end.
The company forecast 3Q’27 revenue of $101 million-$105 million and sees FY’27 revenue of $430 million-$441 million with adjusted EBITDA of $3 million-$10 million.
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