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| 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 |
| Sep 30, 2021 | 3.91 Mn |
| Jul 31, 2021 | 34.85 Mn |