Planet Labs’ Stock (PL) Soars 44% on Stellar Financial Results

Satellite imagery firm Planet Labs rockets past expectations—traders finally notice something besides meme stocks.

Earnings Blastoff

PL shares catapulted 44% after smashing quarterly forecasts—revenue surged, losses narrowed, and cash flow turned positive. The market’s reacting like it just discovered gravity.

Orbital Momentum

Planet’s Earth observation data is finding hungry clients in agriculture, defense, and climate monitoring. Governments and corporations are buying—because apparently, seeing the planet from space has value.

Wall Street’s Late Realization

Analysts scramble to upgrade price targets—always a step behind the actual money. Meanwhile, retail traders pile in, hoping this isn’t another ‘story stock’ that’ll crater after the euphoria fades. Because nothing says sustainable growth like a 44% single-day pop—except maybe NFT land deals.

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Planet Labs, which currently has more than 150 satellites in orbit, posted a loss of $0.07 per share. That was less than the loss of $0.09 a share that analysts had expected. Revenue in the quarter ROSE 20% to $73.4 million and came in above the $66.1 million forecast on Wall Street.

The company also reported its second consecutive quarter of positive free cash FLOW (FCF), totaling $54.3 million for the year. In terms of guidance, Planet Labs said that it expects revenue of $281 million to $289 million, up from $265 million to $280 million previously. Analysts had full-year sales of $273 million penciled in for Planet Labs.

New Contracts

As part of its financial results, the company highlighted several new contracts that it has signed with the German government and the U.S. Department of Defense, among others. Management said the new contracts demonstrate the company’s evolving role in “supporting peace and security.”

PL stock has been red hot over the last year as investors grow increasingly interested in commercial space companies. In the last 12 months, Planet Labs’ stock has gained 355%, including a 120% increase so far in 2025. However, the share price is still down 14% since the company went public in late 2021.

Is PL Stock a Buy?

The stock of Planet Labs has a consensus Strong Buy rating among 10 Wall Street analysts. That rating is based on nine Buy and one Hold recommendations issued in the last three months. The average PL price target of $7.73 implies 11% downside risk from current levels.