Planet Labs PBC (PL) Operating Expenses (2021 - 2026)

Planet Labs PBC (PL) reported Operating Expenses of $85.3 million for Q2 2026, up 43.65% on a YoY basis from $59.4 million in Q2 2025, and up 2.72% sequentially from $83.0 million in Q1 2026.

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.

  • For the quarter ending Q2 2026, Operating Expenses rose 43.65% year-over-year to $85.3 million; the trailing twelve-month figure through Apr 2026 stood at $293.5 million (up 17.88% YoY), and the FY2026 full-year result was $267.6 million, up 4.58% from the prior year.
  • Operating Expenses climbed to $85.3 million in Q2 2026, from $83.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $85.3 million in Q2 2026 to a low of $57.6 million in Q1 2025.
  • A 5-year average of $68.5 million and a median of $67.0 million in 2022 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses soared 106.49% in 2022 and declined 18.63% in 2024, its largest moves.
  • Tracing PL's Operating Expenses over 5 years: stood at $67.6 million in 2022, then grew by 9.29% to $73.9 million in 2023, then decreased by 18.63% to $60.1 million in 2024, then rose by 7.98% to $64.9 million in 2025, then surged 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 General Electric 369.74 Bn 360.40 Bn -3.10 Bn 10.86 Bn
2 Rtx 286.79 Bn 278.48 Bn 9.91 Bn 21.96 Bn
3 Boeing 168.91 Bn 148.89 Bn 2.41 Bn 2.35 Bn
4 Lockheed Martin 132.03 Bn 128.24 Bn 2.45 Bn -
5 Howmet Aerospace 111.81 Bn 109.37 Bn 854.00 Mn 27.00 Mn
6 General Dynamics 101.89 Bn 97.56 Bn 6.76 Bn 12.63 Bn
7 Northrop Grumman 75.58 Bn 73.27 Bn 3.72 Bn 9.78 Bn
8 TransDigm 72.49 Bn 68.61 Bn 1.51 Bn 273.00 Mn
9 L3Harris Technologies 50.52 Bn 49.93 Bn 1.40 Bn 750.00 Mn
10 Planet Labs PBC 6.87 Bn 6.24 Bn 50.40 Mn 85.29 Mn

Historic Data

Download Data
DateValue
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
Sep 30, 2021 3.91 Mn
Jul 31, 2021 34.85 Mn