Overview
- Q4 revenue reached $86.82 million, up 41% year over year and ahead of the $78.5 million consensus, lifting full-year sales to about $308 million.
- Management guided Q1 revenue to $87–$91 million and set FY2027 revenue at $415–$440 million, both above Wall Street expectations near $85 million and $380 million, respectively.
- Remaining performance obligations climbed 106% to $852 million and backlog rose 79% to roughly $900 million, reflecting bigger deals with government customers.
- Planet reported its first full fiscal year of positive adjusted EBITDA and $52.9 million in free cash flow, while gross margin fell to 54% and GAAP losses widened partly from warrant-liability revaluation and front‑loaded investments.
- New collaborations with Nvidia to accelerate image processing and an R&D pact with Google on orbital data centers accompany a planned $80–$95 million capex to scale Pelican and Owl fleets; shares rose 8.7% in regular trading and about 22% after-hours as Needham and Wedbush lifted targets to $40.