Planet Labs PBC (PL) Operating Expenses (2021 - 2026)
Planet Labs PBC (PL) posted Operating Expenses of $85.3 million for Q2 2026, up 2.72% sequentially from $83.0 million in Q1 2026, and up 43.65% YoY from $59.4 million in Q2 2025.
Planet Labs PBC (PL) Operating Expenses (2021 - 2026) Analysis & Trends
Planet Labs PBC (PL) has 6 years of Operating Expenses data on file, last reported at $85.3 million in Q2 2026.
- Quarterly Operating Expenses rose 43.65% year-over-year to $85.3 million in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $293.5 million (up 17.88% YoY) and the FY2026 annual result came in at $267.6 million, up 4.58% from the prior year.
- Operating Expenses climbed to $85.3 million in Q2 2026 per PL's latest filing, from $83.0 million in the prior quarter.
- The five-year high for Operating Expenses was $85.3 million in Q2 2026, with the low at $57.6 million in Q1 2025.
- Average Operating Expenses over 5 years is $68.5 million, with a median of $67.0 million recorded in 2022.
- Year-over-year, Operating Expenses jumped 106.49% in 2022 and slipped 18.63% in 2024.
- Planet Labs PBC's Operating Expenses stood at $67.6 million in 2022, then advanced by 9.29% to $73.9 million in 2023, then fell by 18.63% to $60.1 million in 2024, then grew by 7.98% to $64.9 million in 2025, then soared by 31.37% to $85.3 million in 2026.
- Business Quant data shows PL's Operating Expenses at $85.3 million in Q2 2026, $83.0 million in Q1 2026, and $64.9 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 2.10 Bn |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 19.59 Bn |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 12.06 Bn |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | - |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 120.00 Mn |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 273.00 Mn |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 8.89 Bn |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 132.46 Mn |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 750.00 Mn |
| 10 | Planet Labs PBC | 10.92 Bn | 10.19 Bn | 50.40 Mn | 85.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 85.29 Mn |
| Jan 31, 2026 | 83.03 Mn |
| Oct 31, 2025 | 64.92 Mn |
| Jul 31, 2025 | 60.23 Mn |
| Apr 30, 2025 | 59.37 Mn |
| Jan 31, 2025 | 57.58 Mn |
| Oct 31, 2024 | 60.13 Mn |
| Jul 31, 2024 | 71.89 Mn |
| Apr 30, 2024 | 66.25 Mn |
| Jan 31, 2024 | 66.40 Mn |
| Oct 31, 2023 | 73.89 Mn |
| Jul 31, 2023 | 69.57 Mn |
| Apr 30, 2023 | 72.84 Mn |
| Jan 31, 2023 | 71.75 Mn |
| Oct 31, 2022 | 67.61 Mn |
| Jul 31, 2022 | 66.11 Mn |
| Apr 30, 2022 | 64.21 Mn |
| Jan 31, 2022 | 71.12 Mn |
| Jul 31, 2021 | 34.85 Mn |
| Apr 30, 2021 | 31.10 Mn |