PLPlanet Labs PBC
Radio & Tv Broadcasting & Communications Equipment
- Revenue
- $308M
- 26% YoY
- Operating margin
- -30.9%
- 35% YoY
- EBITDA
- −$53M
- 24% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired18% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear10% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $131M | $191M | $221M | $244M | $308M | 26% |
| Operating income | −$128M | −$176M | −$170M | −$116M | −$95M | 18% |
| Net income | −$137M | −$162M | −$141M | −$123M | −$247M | 100% |
| Operating cash flow | −$42M | −$74M | −$51M | −$14M | $134M | 1035% |
| Capex | $10M | $10M | $38M | $44M | $77M | 73% |
| Stock-based comp | $42M | $76M | $57M | $48M | $55M | 13% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $3M · 5
- Net
- −$3M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $5M | $58M | 231 | 187 |
| FY2025 | $5M | $14M | 56 | 144 |
| FY2024 | $6M | −$39K | 21 | 110 |
| FY2023 | $610K | −$352K | 46 | 74 |
| FY2022 | $11M | $7M | 56 | 94 |