Planet Labs Due Diligence

Run due diligence on Planet Labs: check compliance and get alerts when suppliers change.

United States · www.planet.com · 44 vendors

Planet Labs PBC is an American Earth observation company that designs, builds, and operates the world's largest fleet of Earth-imaging satellites. It provides daily global satellite imagery and geospatial data, along with a platform and analytics, to customers across various sectors including agriculture, government, and environmental monitoring.

Resilience scores

Technology vendors

Services catalogue

3 services in catalogue across 2 categories; runs on 44 sub-vendors.

Insights

Last updated 2026-07-30 · revision 8

44 direct vendors, 291 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

PIPL — No public evidence

Evidence: https://www.planet.com/locations/, https://www.planet.com/products/

SOC 2 (source) — No public evidence

Evidence: https://www.planet.com/products/planet-insights-platform/, https://www.planet.com/industries/federal/, https://www.planet.com/locations/

NIS2 (source) — No public evidence

Evidence: https://www.planet.com/locations/, https://www.planet.com/industries/government/europe/, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022L2555

Financials

Three-year financials

Financial Resilience Score: 6/10

Planet Labs demonstrates moderate financial resilience underpinned by a strong liquidity position of approximately $220M+ in cash and short-term investments against a narrowing operating loss. The company benefits from a debt-light balance sheet with minimal long-term debt, a subscription-heavy revenue model where over 90% of revenue is recurring, and net dollar retention historically in the 100-110% range. Management has publicly targeted adjusted-EBITDA breakeven, and the operating loss has narrowed from approximately $(141)M in FY23 to $(122)M in FY25. However, resilience is constrained by persistent GAAP losses, continued cash burn, and declining stockholders' equity (from ~$490M in FY23 to ~$285M in FY25). Revenue growth has decelerated sharply from 46% in FY23 to 11% in FY25, and the company has undertaken two significant workforce reductions (including a ~17% cut in August 2024), indicating margin and cost pressure. The capital-intensive nature of maintaining and refreshing the satellite fleet, combined with high stock-based compensation and customer concentration in government/defense, creates ongoing risk. Overall, Planet has sufficient runway and a unique data moat but must execute on its path to profitability.

Key strengths: Strong liquidity with ~$220M+ in cash and short-term investments, Debt-light balance sheet with minimal long-term debt, Over 90% recurring subscription revenue with 100-110% net dollar retention, Largest Earth-imaging satellite constellation providing unique data moat, Narrowing operating losses and stated goal of adjusted-EBITDA breakeven, Public Benefit Corporation status with strong defense/intelligence traction

Risk factors: Persistent GAAP losses with no clearly dated path to profitability, Continued cash burn and declining stockholders' equity, Revenue growth deceleration from 46% (FY23) to 11% (FY25), Customer concentration risk in government/defense verticals, Two rounds of layoffs including ~17% workforce cut in August 2024, Capital-intensive satellite fleet requiring continuous refresh capex, High stock-based compensation causing ongoing dilution, Share price trading well below SPAC reference price

Revenue by geography

Revenue by product/service

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report