Planet Labs PBC
For the period ended Oct 31, 2025. Filed Dec 10, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 31, 2025 · Filed Dec 10, 2025
PL$14.37+14.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
| (in thousands, except share and par value amounts) | October 31, 2025 | January 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $443,349 | $118,048 |
| Restricted cash and cash equivalents, current | 906 | 6,598 |
| Short-term investments | 233,975 | 104,027 |
| Accounts receivable, net of allowance of $31 and $807, respectively | 46,332 | 55,833 |
| Prepaid expenses and other current assets | 29,581 | 17,719 |
| Total current assets | 754,143 | 302,225 |
| Property and equipment, net | 145,084 | 121,749 |
| Capitalized internal-use software, net | 21,062 | 18,974 |
| Goodwill | 138,954 | 136,349 |
| Intangible assets, net | 25,537 | 27,452 |
| Restricted cash and cash equivalents, non-current | 5,367 | 5,348 |
| Operating lease right-of-use assets | 13,950 | 19,752 |
| Other non-current assets | 1,963 | 1,947 |
| Total assets | $1,106,060 | $633,796 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $3,448 | $2,604 |
| Accrued and other current liabilities | 28,652 | 42,600 |
| Deferred revenue | 145,857 | 82,275 |
| Liability from early exercise of stock options | 2,689 | 5,378 |
| Operating lease liabilities, current | 7,943 | 9,221 |
| Total current liabilities | 188,589 | 142,078 |
| Deferred revenue | 48,332 | 11,182 |
| Deferred hosting costs | 5,273 | 5,368 |
| Public and private placement warrant liabilities | 56,820 | 18,077 |
| Operating lease liabilities, non-current | 7,209 | 12,392 |
| Contingent consideration | 3,601 | 2,883 |
| Convertible notes | 446,201 | — |
| Other non-current liabilities | 477 | 530 |
| Total liabilities | 756,502 | 192,510 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value, 570,000,000, 30,000,000 and 30,000,000 Class A, Class B and Class C shares authorized at October 31, 2025 and January 31, 2025, 292,437,391 and 278,937,702 Class A shares issued and outstanding at October 31, 2025 and January 31, 2025, respectively, 21,157,586 Class B shares issued and outstanding at October 31, 2025 and January 31, 2025, 0 Class C shares issued and outstanding at October 31, 2025 and January 31, 2025 | 28 | 28 |
| Additional paid-in capital | 1,642,478 | 1,645,356 |
| Accumulated other comprehensive income (loss) | 4,458 | (1,097) |
| Accumulated deficit | (1,297,406) | (1,203,001) |
| Total stockholders’ equity | 349,558 | 441,286 |
| Total liabilities and stockholders’ equity | $1,106,060 | $633,796 |
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