Is Planet Labs PBC financially healthy?

Planet Labs PBC scores 2 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Planet Labs PBC?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), GEODE CAPITAL MANAGEMENT, LLC (trimming), STATE STREET CORP (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

Planet Labs PBC (PL)

NYSE · Radio & Tv Broadcasting & Communications Equipment

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

American company specializing in satellite imaging of Earth

Financial health

Two standard screens, computed from the XBRL in FY2026 against FY2025. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

2 / 8

FAILReturn on assets positiveROA -21.5%
PASSOperating cash flow positiveOCF 134M
FAILReturn on assets improving-19.4% → -21.5%
PASSCash flow exceeds earningsOCF 134M vs NI -247M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving2.13 → 1.65
FAILNo share dilution292M → 308M shares
FAILGross margin improving57.2% → 56.1%
FAILAsset turnover improving0.39× → 0.27×

Altman Z-score

2.46grey

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: -54.4%
Share count change: 5.4%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$113.2M	−$127.1M	−$30.1M	22.8%	44,214,426
FY2022	$131.2M	−$137.1M	−$52.5M	36.8%	79,610,970
FY2023	$191.3M	−$162.0M	−$84.4M	49.2%	267,126,918
FY2024	$220.7M	−$140.5M	−$88.7M	51.2%	279,585,698
FY2025	$244.4M	−$123.2M	−$58.7M	57.2%	292,124,291

Ownership flow

14 institutions tracked — 5 added, 7 reduced, 2 opened a new position, 1 sold out. Active managers added 2,578,680 shares while index money cut 8,615,030.

Institutional holders of Planet Labs PBC and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	18,482,539	−6,984,267	$612.3M
STATE STREET CORP	Index	5,493,544	−1,388,265	$182.0M
CITADEL ADVISORS LLC	Hedge fund	3,633,459	+1,234,018	$120.4M
MORGAN STANLEY	Active fund	2,463,974

Identity

CIK: 0001836833
LEI: 254900Q7PVI3HTQBRB44
SIC: 3663 · Radio & Tv Broadcasting & Communications Equipment
Incorporated: DE
Headquarters: SAN FRANCISCO, CA
Employees: 600 (2023)
Founded: 2010-12-28

Ownership

Institutional: 83.1%
Institutions: 626
Insiders: 1.3%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other radio & tv broadcasting & communications equipment companies

Planet Labs PBC files under SIC 3663 — all 8 radio & tv broadcasting & communications equipment companies compared on assets and F-score.

QUALCOMM INC/DEQCOM Motorola Solutions, Inc.MSI Vistance Networks, Inc.VISN Ondas Inc.ONDS COMTECH TELECOMMUNICATIONS CORP /DE/CMTL HARMONIC INC.HLIT

Questions about Planet Labs PBC

Is Planet Labs PBC financially healthy?: Planet Labs PBC scores 2 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Planet Labs PBC?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), GEODE CAPITAL MANAGEMENT, LLC (trimming), STATE STREET CORP (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.