Planet Labs Stock Soars Higher After Surprise Q1 Profit — Retail Expects Further Gains

The company’s first-quarter revenue rose 10% to $66.3 million, topping estimates of $62.3 million.
Co-Founder and CEO of Planet Labs, Will Marshall, with a model of the Dove satellite.
Co-Founder and CEO of Planet Labs, Will Marshall, with a model of the Dove satellite. (Photo By Michael Macor/The San Francisco Chronicle via Getty Images)
Profile Image
Sourasis Bose·Stocktwits
Updated Jul 02, 2025   |   8:31 PM GMT-04
Share
·
Add us onAdd us on Google

Planet Labs (PL) stock gained 14% in extended trading on Wednesday after the company posted a surprise profit in the first quarter.

The satellite imagery provider posted adjusted net income of $1.2 million, while analysts were expecting it to post a loss of $3 million, according to Bloomberg data.

The company’s first-quarter revenue rose 10% to $66.3 million, topping estimates of $62.3 million.

Planet Labs’s first-quarter net loss narrowed to $12.6 million from a loss of $29.3 million a year earlier.

It also generated positive free cash flow for the first time during the quarter. The company ended the quarter with $226.1 million in cash, cash equivalents, and short-term
investments.

On a conference call with analysts, Planet Labs CEO Will Marshall said interest is growing in the company’s offerings for the defense sector on both sides of the Atlantic. 

He noted that European awareness about the importance of Planet Labs’ data has increased significantly following the beginning of the Ukraine War.

During the first quarter, the company received an eight-figure contract from a European defense & intelligence customer for its PlanetScope and Maritime Domain Awareness (MDA) products.

For the fiscal second quarter, the company expects revenue to be in the range of approximately $65 million to $67 million.

The company also raised the lower end of its annual revenue forecast, with the new range at $265 million-$280 million.

Retail sentiment on Stocktwits was in the ‘extremely bullish’ (91/100) territory, while retail chatter was ‘extremely high.’

PL’s Sentiment Meter and Message Volume as of 12:28 a.m. ET on June 5, 2025 | Source: Stocktwits
PL’s Sentiment Meter and Message Volume as of 12:28 a.m. ET on June 5, 2025 | Source: Stocktwits

One retail trader said it is difficult to find companies that are raising their forecasts amid the current market conditions.

“Hopefully gets some nice upgrades tomorrow,” another trader said.

Planet Labs stock has more than doubled this year.

Also See: Stablecoin Firm Circle Prices Upsized $1.1B IPO Above Estimated Range: Retail Intends To Ride The Bullish Wave

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Share
·
Add us onAdd us on Google
Read about our editorial guidelines and ethics policy