Planet Labs PBC

For the period ended Jul 31, 2024. Filed Sep 5, 2024.

About this filing

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.

Jul 31, 2024 · Filed Sep 5, 2024

PL$14.27-0.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

Condensed Consolidated Statements of Operations (Unaudited)

	Three Months Ended July 31,		Six Months Ended July 31,
(in thousands, except share and per share amounts)	2024	2023	2024	2023
Revenue	$61,092	$53,761	$121,532	$106,464
Cost of revenue	28,782	27,469	57,539	52,025
Gross profit	32,310	26,292	63,993	54,439
Operating expenses
Research and development	27,250	26,741	52,839	54,927
Sales and marketing	23,733	22,310	45,218	45,435
General and administrative	20,904	20,521	40,084	42,049
Total operating expenses	71,887	69,572	138,141	142,411
Loss from operations	(39,577)	(43,280)	(74,148)	(87,972)
Interest income	2,771	3,802	5,878	8,308
Change in fair value of warrant liabilities	(602)	1,226	928	7,171
Other income (expense), net	(363)	859	720	963
Total other income, net	1,806	5,887	7,526	16,442
Loss before provision for income taxes	(37,771)	(37,393)	(66,622)	(71,530)
Provision for income taxes	897	582	1,339	889
Net loss	$(38,668)	$(37,975)	$(67,961)	$(72,419)
Basic and diluted net loss per share attributable to common stockholders	$(0.13)	$(0.14)	$(0.23)	$(0.26)
Basic and diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders	290,364,319	275,053,198	289,328,033	273,723,006

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.