Planet Labs PBC (PL) Gross Margin (2021 - 2026)

Planet Labs PBC's Gross Margin history runs 6 years deep, the most recent figure standing at 54.17% for Q1 2026.

• In Q1 2026, Gross Margin fell 792.0% year-over-year to 54.17%; the TTM figure through Jan 2026 stood at 56.05% (down 113.0% YoY), while the FY2026 annual figure was 56.05%, down 113.0% from the prior year.
• Gross Margin came in at 54.17% for Q1 2026 at Planet Labs PBC, down from 57.33% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 62.08% in Q1 2025 to a low of 37.46% in Q1 2022.
• A 5-year average of 52.33% and a median of 53.41% in 2023 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin jumped 1739 bps in 2023 and slumped 792 bps in 2026, its largest moves.
• Planet Labs PBC's Gross Margin stood at 50.25% in 2022, then decreased by 6 bps to 47.0% in 2023, then jumped by 30 bps to 61.24% in 2024, then decreased by 6 bps to 57.33% in 2025, then dropped by 6 bps to 54.17% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 54.17%, 57.33%, and 57.6% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison