Financials

Estimates*

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Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues113m131m191m221m253m299m372m
% growth18 %16 %46 %15 %15 %18 %25 %
EBITDA(25.8m)(85.2m)(124m)(106m)(24.3m)19.2m44.3m
% EBITDA margin(23 %)(65 %)(65 %)(48 %)(10 %)6 %12 %
Profit(127m)(137m)(162m)(141m)(120m)(78.7m)(31.2m)
% profit margin(112 %)(105 %)(85 %)(64 %)(47 %)(26 %)(8 %)
EV / revenue-8.5x6.1x2.6x2.6x2.2x1.7x
EV / EBITDA--13.1x-9.4x-5.3x-27.3x34.4x14.0x
R&D budget43.8m66.7m111m116m---
R&D % of revenue39 %51 %58 %53 %---

Source: Dealroom estimates

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Recent News about Planet Labs

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More about Planet Labsinfo icon
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Planet Labs, commonly known as Planet, is a cutting-edge Earth imaging company that specializes in capturing high-resolution satellite images. The company operates in the geospatial intelligence market, providing near-daily, 8-band imagery of the Earth's surface. This level of detail and frequency is achieved through their fleet of small satellites, known as Doves, which are capable of capturing comprehensive and up-to-date images.

Planet serves a diverse range of clients, including government agencies, environmental organizations, agricultural businesses, and commercial enterprises. These clients use Planet's imagery for various applications such as monitoring environmental changes, managing natural resources, urban planning, and disaster response.

The company's business model revolves around a subscription-based service. Clients subscribe to access Planet's vast library of satellite images and data analytics tools. This model ensures a steady stream of revenue as clients continuously need updated imagery and insights for their operations. Additionally, Planet offers customized solutions and tasking orders, where clients can request specific images or data sets tailored to their needs.

Planet makes money primarily through these subscription services, tasking orders, and data analytics solutions. They also offer educational resources through Planet School, which helps users maximize the utility of their platform via tutorials and guides.

In summary, Planet is a leader in the geospatial intelligence market, providing high-frequency, high-resolution satellite imagery to a wide range of clients through a subscription-based model.

Keywords: Satellite Imagery, Geospatial Intelligence, Earth Observation, Data Analytics, Subscription Service, Environmental Monitoring, Agricultural Management, Urban Planning, Disaster Response, Planet School.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Planet Labs

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Sinergise
ACQUISITION by Planet Labs Mar 2023
Terra Bella
ACQUISITION by Planet Labs Feb 2017
Vandersat
ACQUISITION by Planet Labs Nov 2021
Salo
ACQUISITION by Planet Labs Jan 2023