Planet Labs PBC

Annual Trend FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net Income ($123.7m) ($127.1m) ($137.1m) ($162.0m) ($140.5m) ($123.2m) ($246.9m)
Depreciation and amortization $77.6m $62.2m $45.0m $43.3m $47.6m $45.6m $41.8m
Stock-based compensation, net of capitalized cost of $2,605, $2,339 and $2,344, respectively $5.1m $14.0m $42.0m $75.5m $57.1m $48.5m $55.0m
Change in fair value of warrant liabilities ($6.6m) ($13.7m) $15.1m $161.4m
Change in fair value of contingent consideration $0 $0 ($741k) $3.4m $465k
Other ($614k) ($674k) ($598k) ($504k) ($15k) ($738k) ($2.8m)
Accounts receivable $9.0m ($19.9m) $3.3m $6.3m ($2.7m) ($12.0m) ($30.2m)
Inventories $0 $0 ($609k)
Prepaid expenses and other assets $12.9m $2.6m ($8.7m) ($10.1m) $10.5m $8.4m ($11.1m)
Accounts payable, accrued and other liabilities $3.1m $11.0m $16.1m ($3.0m) ($25.0m) ($13.3m) $13.8m
Deferred revenue ($27.3m) $14.4m ($4.9m) ($14.4m) $22.2m $15.6m $151.1m
Deferred hosting costs $0 $8.0m $5.8m ($2.7m) ($1.3m) ($1.6m) ($1.6m)
Purchases of property and equipment ($16.7m) ($26.1m) ($10.3m) ($10.4m) ($38.0m) ($44.3m) ($76.7m)
Capitalized internal-use software ($7.4m) ($4.0m) ($4.6m) ($2.3m) ($4.4m) ($5.3m) ($4.8m)
Maturities of available-for-sale securities $0 $0 $55.2m $161.3m $61.4m $90.0m
Sales of available-for-sale securities $0 $0 $45.6m $192.5m $33.2m
Purchases of available-for-sale securities $0 $0 ($280.3m) ($189.1m) ($140.2m) ($428.0m)
Purchases of licensed imagery intangible assets $0 $0 ($4.8m) ($1.5m)
Payments for withholding taxes related to the net share settlement of equity awards $0 $0 ($5.6m) ($6.3m) ($9.0m) ($11.9m) ($72.7m)
Proceeds from employee stock purchase program $0 $0 $1.5m $2.8m
Payments of contingent consideration for business acquisitions $0 $0 ($8.8m) ($4.0m)
Payment of indemnification holdback for business acquisition $0 $0 ($5.0m)
Proceeds from issuance of convertible notes, net of discount $0 $0 $448.8m
Proceeds from the exercise of warrants $0 $0 $4.8m
Purchase of capped call transactions $0 $0 ($39.6m)
Contingent consideration for business acquisition $0 $0 $8.0m $5.8m $0 $0
Transfers from property and equipment, net to inventories, net $0 $0 $5.5m
Accrued purchase of property and equipment $637k $522k $354k $51k $1.4m $718k $5.0m
Net cash provided by (used in) operating activities ($33.7m) ($4.0m) ($42.2m) ($73.9m) ($50.7m) ($14.4m) $134.4m
Business acquisition, net of cash acquired ($2.5m) $0 ($9.6m) ($3.8m) ($7.5m) ($1.1m) ($5.4m)
Net cash provided by (used in) investing activities ($27.2m) ($30.8m) ($25.1m) ($242.3m) ($33.6m) $57.9m ($393.1m)
Payment of debt issuance costs $0 $0 ($2.9m)
Proceeds from the exercise of common stock options $264k $539k $10.6m $14.7m $7.4m $4.4m $27.7m
Issuance of Class A common stock for business acquisition $14.8m $0 $12.9m $0 $21.6m $0 $0
Net cash provided by (used in) financing activities $8.7m $83.9m $489.2m $7.9m ($1.6m) ($15.5m) $357.1m
Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents ($38k) ($312k) ($1.6m) ($402k) $17k ($201k) $7.3m
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalent ($52.2m) $48.8m $420.3m ($308.7m) ($85.9m) $27.8m $105.6m
Cash and cash equivalents, and restricted cash and cash equivalents at the beginning of the period $27.7m $76.5m $496.8m $188.1m $102.2m $130.0m $235.6m