Planet Labs PBC (PL) Cost of Revenue (2021 - 2026)
Planet Labs PBC (PL) recorded Cost of Revenue of $50.42 million in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 62.0% from $31.12 million a year earlier and up 15.2% from the prior quarter.
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Analysis
Planet Labs PBC (PL) Cost of Revenue (2021 - 2026) Analysis & Trends
On a TTM basis, Planet Labs PBC's Cost of Revenue came in at $168.63 million as of Jul 31, 2026, up 56.3% year-over-year; for FY2026 (ended Jan 31, 2026), it was $135.24 million, up 29.3% from FY2025.
- Annual Cost of Revenue has a five-year compound annual growth rate of 9.1% (FY2021 to FY2026).
- Across earlier fiscal years, Cost of Revenue came in at $104.63 million in FY2025 (-2.9%), $107.75 million in FY2024 (+10.8%), $97.25 million in FY2023 (+17.2%) and $82.99 million in FY2022 (-5.0%).
- The fiscal Q2 2027 figure is the highest quarterly Cost of Revenue in data going back to fiscal Q1 2022.
- On a year-over-year basis, Cost of Revenue has increased for six consecutive quarters, with growth averaging 25.8% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 70.5% in fiscal Q4 2026, against a decline of 19.1% in fiscal Q3 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $43.75 million (Q1 2027), $39.79 million (Q4 2026) and $34.67 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | 1.11 Bn |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | 510.08 Mn |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | 240.11 Mn |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 164.00 Mn |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 357.94 Mn |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | 202.01 Mn |
| 10 | Planet Labs PBC | 6.36 Bn | 3.45 Bn | 65.63 Mn | 50.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 50.42 Mn |
| Apr 30, 2026 | 43.75 Mn |
| Jan 31, 2026 | 39.79 Mn |
| Oct 31, 2025 | 34.67 Mn |
| Jul 31, 2025 | 31.12 Mn |
| Apr 30, 2025 | 29.66 Mn |
| Jan 31, 2025 | 23.34 Mn |
| Oct 31, 2024 | 23.75 Mn |
| Jul 31, 2024 | 28.78 Mn |
| Apr 30, 2024 | 28.76 Mn |
| Jan 31, 2024 | 26.37 Mn |
| Oct 31, 2023 | 29.35 Mn |
| Jul 31, 2023 | 27.47 Mn |
| Apr 30, 2023 | 24.56 Mn |
| Jan 31, 2023 | 23.92 Mn |
| Oct 31, 2022 | 24.73 Mn |
| Jul 31, 2022 | 24.98 Mn |
| Apr 30, 2022 | 23.63 Mn |
| Jan 31, 2022 | 23.23 Mn |
| Jul 31, 2021 | 19.82 Mn |
API Access
Planet Labs PBC Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "PL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=PL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();