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Jun 4, 2026 8:00 PM

Planet Labs Stock Slips Despite Strong Q1 Earnings: Details

Planet Labs PBC (NYSE:PL) posted its first-quarter results after Thursday’s closing bell beating estimates on the top and bottom lines. Here's a look at the details inside the report. 

PL stock is moving. Watch the price action here.

Planet Labs Q1 Details       

Planet Labs reported quarterly losses of three cents per share, which beat the analyst consensus estimate for losses of four cents, according to Benzinga Pro data.

Quarterly revenue came in at $94.15 million, which beat the Street estimate of $89.85 million.

Planet Labs highlighted that RPOs increased 81% year-over-year to $816 million and backlog grew 72% to over $906 ...