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3w ago

Planet Labs Shares Jump Over 50% After Beating Q1 Estimates and Turning Cash Flow Positive

Guidance for second-quarter sales of $65 million to $67 million followed a quarter that delivered breakeven adjusted earnings with $8 million in free cash flow.

NEW YORK, NEW YORK – JUNE 01: Marina Mabrey #3,Kariata Diaby #23,Saniya Rivers #22,Aneesah Morrow #24 and Haley Peters #7 of the Connecticut Sun stand on the court as a play is reviewed in the third quarter against the New York Liberty at Barclays Center on June 01, 2025 in the Brooklyn borough of New York City. The New York Liberty defeated the Connecticut Sun 100-52. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Elsa/Getty Images)
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Overview

  • Planet Labs reported breakeven adjusted earnings and $66.3 million in first-quarter revenue, surpassing FactSet estimates of $62.3 million.
  • The company achieved its first quarter of positive free cash flow, generating $8.0 million.
  • Shares climbed more than 50% during Thursday’s trading session, lifting year-to-date gains above 50% and quarterly gains to about 82%.
  • For the second quarter, Planet Labs set sales guidance between $65 million and $67 million versus analysts’ $65.2 million projection.
  • Operating over 200 satellites, the firm earlier secured a $230 million contract to advance its Pelican satellite rollout as it focuses on AI-enabled global insights.