Planet Labs Reports Record Q4 Revenue of $86.8M

Planet Labs, the San Francisco-based provider of satellite imagery and geospatial analytics, reported its strongest quarterly revenue on record Thursday, sending shares soaring nearly 30 percent the following day. The earth observation company announced fiscal fourth-quarter results for the period ended January 31, 2026, with revenue climbing 41 percent year over year to $86.8 million, surpassing analyst expectations by more than 10 percent. Full-year revenue reached $307.7 million, a 26 percent increase from the prior year, driven by surging demand from defense and intelligence sectors amid global geopolitical tensions.

The earnings highlighted Planet Labs' expanding role in delivering daily imaging of Earth's land surface through its fleet of over 200 satellites. Key to the performance was a 50 percent jump in defense and intelligence revenue, fueled by contracts with entities including the U.S. Department of Defense, NATO, and the Swedish Armed Forces. Notable wins included three nine-figure satellite services deals over the past year with Sweden, Japan, and Germany, totaling around $500 million. These agreements underscore the company's shift toward high-value, long-term...