Planet Labs PBC Files Q2 FY26 10-Q

TL;DR

Planet Labs PBC 10-Q filed 9/8/25 for period ending 7/31/25. Financials updated.

AI Summary

Planet Labs PBC filed its 10-Q for the period ending July 31, 2025. The company, formerly dMY Technology Group, Inc. IV, reported financial data for the second quarter of fiscal year 2026. Key financial figures and share class information were disclosed, with the filing occurring on September 8, 2025.

Why It Matters

This filing provides investors with an update on Planet Labs PBC's financial performance and position as of July 31, 2025, crucial for understanding the company's operational health.

Risk Assessment

Risk Level: medium — As a public company filing a quarterly report, there's inherent risk associated with financial performance and market conditions, though no specific major negative events are highlighted in this summary data.

Key Numbers

• 20250731 — Reporting Period End Date (Indicates the financial snapshot date)
• 20250908 — Filing Date (Shows when the report was submitted to the SEC)

Key Players & Entities

• Planet Labs PBC (company) — Filer of the 10-Q
• dMY Technology Group, Inc. IV (company) — Former name of Planet Labs PBC
• 20250731 (date) — End of the reporting period
• 20250908 (date) — Date the filing was made

FAQ

Key Financial Figures

• $0.0001 — stered Class A common stock, par value $0.0001 per share PL New York Stock Exchange W
• $11.50 — A common stock, at an exercise price of $11.50 per share PL WS New York Stock Exchange

Filing Documents

• pl-20250731.htm (10-Q) — 1712KB
• a311q22026.htm (EX-31.1) — 11KB
• a312q22026.htm (EX-31.2) — 11KB
• a321q22026.htm (EX-32.1) — 4KB
• a322q22026.htm (EX-32.2) — 4KB
• 0001836833-25-000104.txt ( ) — 8626KB
• pl-20250731.xsd (EX-101.SCH) — 54KB
• pl-20250731_cal.xml (EX-101.CAL) — 89KB
• pl-20250731_def.xml (EX-101.DEF) — 284KB
• pl-20250731_lab.xml (EX-101.LAB) — 729KB
• pl-20250731_pre.xml (EX-101.PRE) — 515KB
• pl-20250731_htm.xml (XML) — 1252KB

- Financial Information

Part I. - Financial Information

Financial Statements (unaudited)

Item 1. Financial Statements (unaudited) Condensed Consolidated Balance Sheets 6 Condensed Consolidated Statements of Operations 7 Condensed Consolidated Statements of Comprehensive Loss 8 Condensed Consolidated Statements of Stockholders' Equity 9 Condensed Consolidated Statements of Cash Flows 10 Notes to Condensed Consolidated Financial Statements 11

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 29

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 43

Controls and Procedures

Item 4. Controls and Procedures 44

- Other Information

Part II - Other Information

Legal Proceedings

Item 1. Legal Proceedings 44

Risk Factors

Item 1A. Risk Factors 44

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 84

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 84

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 84

Other Information

Item 5. Other Information 84

Exhibits

Item 6. Exhibits 85

Signatures

Signatures 86 3 Table of Contents Unless the context otherwise requires, the "Company", "Planet", "we", "our", "us" and similar terms refer to Planet Labs PBC, a Delaware public benefit corporation (f/k/a dMY Technology Group, Inc. IV, a Delaware corporation), and its consolidated subsidiaries. Cautionary Note Regarding Forward Looking Information This Quarterly Report on Form 10-Q for the quarter ended July 31, 2025 (the "Form 10-Q" or "this report") includes statements that express Planet's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "seek," "may," "will," "could," "can," "should," "would," "believes," "predicts," "potential," "strategy," "opportunity," "aim," "continue," and similar expressions or the negative thereof, or discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals, are intended to identify such forward-looking statements. Forward-looking statements appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Planet operates. Factors that may impact such forward-looking statements include: our future financial performance, including expectations regarding our revenue, cost of revenue, operating expenses, capital expenditures, cash flows and our ability to achieve profitability; our ability to attract and retain customers, including our ability to renew existing contracts and expand our relationships with existing customers; our expectations regarding the value of our offerings to our customers over time; our expectations reg

- Financial Information

Part I. - Financial Information

Financial Statements

Item 1. Financial Statements. Planet Labs PBC Condensed Consolidated Balance Sheets (Unaudited) (in thousands, except share and par value amounts) July 31, 2025 January 31, 2025 Assets Current assets Cash and cash equivalents $ 181,087 $ 118,048 Restricted cash and cash equivalents, current 6,316 6,598 Short-term investments 90,450 104,027 Accounts receivable, net of allowance of $ 396 and $ 807 , respectively 51,633 55,833 Prepaid expenses and other current assets 25,977 17,719 Total current assets 355,463 302,225 Property and equipment, net 131,288 121,749 Capitalized internal-use software, net 20,567 18,974 Goodwill 138,644 136,349 Intangible assets, net 26,624 27,452 Restricted cash and cash equivalents, non-current 5,527 5,348 Operating lease right-of-use assets 16,099 19,752 Other non-current assets 2,213 1,947 Total assets $ 696,425 $ 633,796 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 11,053 $ 2,604 Accrued and other current liabilities 32,443 42,600 Deferred revenue 148,006 82,275 Liability from early exercise of stock options 3,586 5,378 Operating lease liabilities, current 8,403 9,221 Total current liabilities 203,491 142,078 Deferred revenue 25,013 11,182 Deferred hosting costs 6,512 5,368 Public and private placement warrant liabilities 13,369 18,077 Operating lease liabilities, non-current 9,139 12,392 Contingent consideration 2,774 2,883 Other non-current liabilities 438 530 Total liabilities 260,736 192,510 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 July 31, 2025 and January 31, 2025, 286,728,631 and 278,937,702 Class A shares issued and outstanding at July 31, 2025 and January 31, 2025, respectively, 21,157,586 Class B shares issued and outstanding at July 31, 2025 and January 31, 2025, 0 Class C shares issued and outstanding at July 31, 2

View Full Filing

View this 10-Q filing on SEC EDGAR