Planet Labs PBC
For the period ended Jan 31, 2026. Filed Mar 23, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Mar 23, 2026
PL$14.27-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended January 31, | |||
|---|---|---|---|
| (in thousands) | 2026 | 2025 | 2024 |
| Operating activities | |||
| Net loss | $(246,860) | $(123,196) | $(140,509) |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation and amortization | 41,825 | 45,637 | 47,639 |
| Stock-based compensation, net of capitalized cost of $2,605, $2,339 and $2,344, respectively | 54,995 | 48,485 | 57,132 |
| Change in fair value of warrant liabilities | 161,400 | 15,116 | (13,709) |
| Change in fair value of contingent consideration | 465 | 3,437 | (741) |
| Other | 1,225 | (920) | (4,321) |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (30,225) | (11,984) | (2,658) |
| Inventories | (609) | — | — |
| Prepaid expenses and other assets | (11,138) | 8,366 | 10,498 |
| Accounts payable, accrued and other liabilities | 13,800 | (13,337) | (25,014) |
| Deferred revenue | 151,054 | 15,572 | 22,237 |
| Deferred hosting costs | (1,570) | (1,550) | (1,265) |
| Net cash provided by (used in) operating activities | 134,362 | (14,374) | (50,711) |
| Investing activities | |||
| Purchases of property and equipment | (76,714) | (44,297) | (37,991) |
| Capitalized internal-use software | (4,783) | (5,322) | (4,419) |
| Maturities of available-for-sale securities | 90,009 | 61,396 | 161,317 |
| Sales of available-for-sale securities | 33,229 | 192,522 | 45,580 |
| Purchases of available-for-sale securities | (428,008) | (140,240) | (189,142) |
| Business acquisition, net of cash acquired | (5,400) | (1,068) | (7,542) |
| Purchases of licensed imagery intangible assets | (1,451) | (4,785) | — |
| Other | — | (300) | (1,389) |
| Net cash provided by (used in) investing activities | (393,118) | 57,906 | (33,586) |
| Financing activities | |||
| Proceeds from the exercise of common stock options | 27,708 | 4,375 | 7,388 |
| Payments for withholding taxes related to the net share settlement of equity awards | (72,729) | (11,938) | (8,971) |
| Proceeds from employee stock purchase program | 2,802 | 1,549 | — |
| Payments of contingent consideration for business acquisitions | (4,047) | (8,783) | — |
| Payment of indemnification holdback for business acquisition | (5,000) | — | — |
| Proceeds from issuance of convertible notes, net of discount | 448,759 | — | — |
| Payment of debt issuance costs | (2,929) | — | — |
| Proceeds from the exercise of warrants | 4,845 | — | — |
| Purchase of capped call transactions | (39,560) | — | — |
| Other | (2,797) | (738) | (15) |
| Net cash provided by (used in) financing activities | 357,052 | (15,535) | (1,598) |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents | 7,264 | (201) | 17 |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents | 105,560 | 27,796 | (85,878) |
| Cash and cash equivalents, and restricted cash and cash equivalents at the beginning of the period | 129,994 | 102,198 | 188,076 |
| Cash and cash equivalents, and restricted cash and cash equivalents at the end of the period | $235,554 | $129,994 | $102,198 |
| Supplemental disclosures of noncash investing and financing activities | |||
| Contingent consideration for business acquisition | — | — | 5,842 |
| Issuance of Class A common stock for business acquisition | — | — | 21,622 |
| Transfers from property and equipment, net to inventories, net | 5,523 | — | — |
| Accrued purchase of property and equipment | 5,019 | 718 | 1,428 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.