Planet Labs PBC
PL Industrials Aerospace & Defense
Planet Labs PBC’s revenue for fiscal 2026 (year ended January 2026) was $307.7 million, up 25.9% from fiscal 2025.
- Revenue
- +58.1%
- EPS
- +57.1%
- Free cash flow
- −48.6%
Quarter to July 2026, against a year earlier
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Planet Labs PBC (PL) Altman Z-score
Planet Labs PBC's Altman Z-score for fiscal 2026 is 3.36, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 3.36 | 0.38 |
| FY2025 | 2.98 | 3.16 |
| FY2024 | −0.18 | (2.97) |
| FY2023 | 2.79 | 2.18 |
| FY2022 | 0.62 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.27 | — | 0.32 | |
| Retained earnings / total assets | (1.27) | — | −1.77 | |
| EBIT / total assets | (0.08) | — | −0.27 | |
| Market value of equity / total liabilities | 8.03 | — | 4.82 | |
| Sales / total assets | 0.27 | — | 0.27 | |
| Altman Z-score | Safe zone | 3.36 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −2.72 | ||
Z and Z″ put Planet Labs PBC in different zones: safe zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| KRMN Karman Holdings Inc. compare | 8.9× |
| MRCY Mercury Systems Inc compare | 6.1× |
| VSEC VSE Corporation compare | 5.1× |
| AVAV AeroVironment, Inc. compare | 4.8× |
| MOG.B Moog Inc. compare | 4.0× |
| AIR AAR Corp. compare | 3.7× |
| PL Planet Labs PBC | 3.4× |
| MDA MDA Space Ltd. compare | 1.5× |
| DPC DPC Holdings PLC compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on PL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement