Planet Labs
- hard tech
- horizon europe
- sustainable development goals
- climate tech
- analytics
- core ai
- space tech
- developer tools
- ai applications
- verified unicorns and $1b exits
- geopositioning
- space upstream
- space downstream
- aerospace
- api
- satellites
- app development
- alternative data
- earth observation satellites
- space tech for agriculture and food
- space tech for environment
- space tech for energy
- space tech for security and safety
- space tech for finance
Financials
Estimates*
USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
---|---|---|---|---|---|---|---|
Revenues | 113m | 131m | 191m | 221m | 253m | 299m | 372m |
% growth | 18 % | 16 % | 46 % | 15 % | 15 % | 18 % | 25 % |
EBITDA | (25.8m) | (85.2m) | (124m) | (106m) | (24.3m) | 19.2m | 44.3m |
% EBITDA margin | (23 %) | (65 %) | (65 %) | (48 %) | (10 %) | 6 % | 12 % |
Profit | (127m) | (137m) | (162m) | (141m) | (120m) | (78.7m) | (31.2m) |
% profit margin | (112 %) | (105 %) | (85 %) | (64 %) | (47 %) | (26 %) | (8 %) |
EV / revenue | - | 8.5x | 6.1x | 2.6x | 2.6x | 2.2x | 1.7x |
EV / EBITDA | - | -13.1x | -9.4x | -5.3x | -27.3x | 34.4x | 14.0x |
R&D budget | 43.8m | 66.7m | 111m | 116m | - | - | - |
R&D % of revenue | 39 % | 51 % | 58 % | 53 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$13.4m | Series A | ||
N/A | $52.0m | Series B | |
$70.0m | Series C | ||
| $131m | Series C | |
N/A | N/A | Secondary | |
N/A | Secondary | ||
$168m Valuation: $2.2b | Series D | ||
N/A | Late VC | ||
* | N/A | Support Program | |
$250m Valuation: $2.8b 29.2x EV/LTM Revenues -101.1x EV/LTM EBITDA | SPAC IPO | ||
$200m Valuation: $2.8b 29.2x EV/LTM Revenues -101.1x EV/LTM EBITDA | SPAC Private Placement | ||
Total Funding | $634m |
Recent News about Planet Labs
EditPlanet Labs, commonly known as Planet, is a cutting-edge Earth imaging company that specializes in capturing high-resolution satellite images. The company operates in the geospatial intelligence market, providing near-daily, 8-band imagery of the Earth's surface. This level of detail and frequency is achieved through their fleet of small satellites, known as Doves, which are capable of capturing comprehensive and up-to-date images.
Planet serves a diverse range of clients, including government agencies, environmental organizations, agricultural businesses, and commercial enterprises. These clients use Planet's imagery for various applications such as monitoring environmental changes, managing natural resources, urban planning, and disaster response.
The company's business model revolves around a subscription-based service. Clients subscribe to access Planet's vast library of satellite images and data analytics tools. This model ensures a steady stream of revenue as clients continuously need updated imagery and insights for their operations. Additionally, Planet offers customized solutions and tasking orders, where clients can request specific images or data sets tailored to their needs.
Planet makes money primarily through these subscription services, tasking orders, and data analytics solutions. They also offer educational resources through Planet School, which helps users maximize the utility of their platform via tutorials and guides.
In summary, Planet is a leader in the geospatial intelligence market, providing high-frequency, high-resolution satellite imagery to a wide range of clients through a subscription-based model.
Keywords: Satellite Imagery, Geospatial Intelligence, Earth Observation, Data Analytics, Subscription Service, Environmental Monitoring, Agricultural Management, Urban Planning, Disaster Response, Planet School.