Planet Labs PBC (PL) Research & Development (2021 - 2026)
Planet Labs PBC's Research & Development came in at $35.16 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 45.5% from $24.16 million a year earlier and up 5.2% from the prior quarter.
Planet Labs PBC (PL) Research & Development (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Planet Labs PBC reported Research & Development of $128.1 million, up 34.3% year-over-year; for FY2026 (ended Jan 31, 2026), it was $106.75 million, up 5.7% from FY2025.
- Research & Development carries a five-year compound annual growth rate of 19.5% (FY2021 to FY2026).
- Going back by fiscal year, Research & Development was $101.01 million in FY2025 (-13.2%), $116.34 million in FY2024 (+4.9%), $110.92 million in FY2023 (+66.3%) and $66.68 million in FY2022 (+52.2%).
- The fiscal Q2 2027 figure represents the highest quarterly Research & Development in data going back to fiscal Q1 2022.
- Year-over-year, Research & Development has increased for four consecutive quarters, with growth averaging 9.4% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in fiscal Q2 2023 (growth of 115.1%), and the weakest in fiscal Q3 2025 (a decline of 23.6%).
- Business Quant data shows PL's Research & Development at $33.42 million (Q1 2027), $32.19 million (Q4 2026) and $27.33 million (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 292.69 Bn | 277.77 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 266.97 Bn | 247.38 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 134.37 Bn | 120.30 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 116.93 Bn | 104.25 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 99.86 Bn | 81.50 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Zscaler | 41.78 Bn | 27.90 Bn | - | - |
| 7 | Okta | 38.35 Bn | 28.45 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Axon Enterprise | 34.23 Bn | 28.76 Bn | 546.45 Mn | 208.69 Mn |
| 9 | MongoDB | 31.33 Bn | 21.80 Bn | 569.77 Mn | 213.87 Mn |
| 10 | Planet Labs PBC | 4.95 Bn | 2.04 Bn | 65.63 Mn | 35.16 Mn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 35.16 Mn |
| Apr 30, 2026 | 33.42 Mn |
| Jan 31, 2026 | 32.19 Mn |
| Oct 31, 2025 | 27.33 Mn |
| Jul 31, 2025 | 24.16 Mn |
| Apr 30, 2025 | 23.07 Mn |
| Jan 31, 2025 | 22.95 Mn |
| Oct 31, 2024 | 25.22 Mn |
| Jul 31, 2024 | 27.25 Mn |
| Apr 30, 2024 | 25.59 Mn |
| Jan 31, 2024 | 28.41 Mn |
| Oct 31, 2023 | 33.00 Mn |
| Jul 31, 2023 | 26.74 Mn |
| Apr 30, 2023 | 28.19 Mn |
| Jan 31, 2023 | 31.83 Mn |
| Oct 31, 2022 | 27.60 Mn |
| Jul 31, 2022 | 26.74 Mn |
| Apr 30, 2022 | 24.75 Mn |
| Jan 31, 2022 | 27.16 Mn |
| Jul 31, 2021 | 12.43 Mn |
Planet Labs PBC Research & Development 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=research-and-development&ticker=PL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=PL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();