Planet Labs PBC

For the period ended Oct 31, 2024. Filed Dec 9, 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.

Oct 31, 2024 · Filed Dec 9, 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 October 31,		Nine Months Ended October 31,
(in thousands, except share and per share amounts)	2024	2023	2024	2023
Revenue	$61,266	$55,380	$182,798	$161,844
Cost of revenue	23,749	29,350	81,288	81,375
Gross profit	37,517	26,030	101,510	80,469
Operating expenses
Research and development	25,216	33,002	78,055	87,929
Sales and marketing	16,795	20,774	62,013	66,209
General and administrative	18,114	20,112	58,198	62,161
Total operating expenses	60,125	73,888	198,266	216,299
Loss from operations	(22,608)	(47,858)	(96,756)	(135,830)
Interest income	2,414	3,445	8,292	11,753
Change in fair value of warrant liabilities	198	6,833	1,126	14,004
Other income (expense), net	(60)	(69)	660	894
Total other income, net	2,552	10,209	10,078	26,651
Loss before provision for income taxes	(20,056)	(37,649)	(86,678)	(109,179)
Provision for income taxes	25	355	1,364	1,244
Net loss	$(20,081)	$(38,004)	$(88,042)	$(110,423)
Basic and diluted net loss per share attributable to common stockholders	$(0.07)	$(0.13)	$(0.30)	$(0.40)
Basic and diluted weighted-average common shares outstanding used in computing net loss per share attributable to common stockholders	293,338,324	284,197,733	290,674,554	277,252,951

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.