PLANET LABS $PL Q2’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $116.1M (Est. $104M) 🟢; +58% YoY 🔹 Adj. EPS: $0.02 (Est. -$0.02) 🟢 🔹 Adj. EBITDA: $13.9M (Est. $1.6M) 🟢; +117% YoY 🔹 Non-GAAP Gross Margin: 59%; -200 bps YoY FY27 Guide: 🔹 Revenue: $430M-$441M (Est. $436M) 🟡 🔹 Adjusted EBITDA: $3M-$10M (Est. $8.4M) 🔴 🔹 Capital Expenditures: $100M-$115M 🔹 Non-GAAP Gross Margin: 55%-57% Q3 Guide: 🔹 Revenue: $101M-$105M (Est. $114M) 🔴 🔹 Non-GAAP Gross Margin: 56%-58% 🔹 Capital Expenditures: $30M-$37M Other Q2 Metrics: 🔹 Backlog: ~$814.9M 🔹 RPOs: ~$753.1M 🔹 Cash & Short-Term Investments: $865.4M; +219% YoY 🔹 Adjusted Free Cash Flow: $28.8M 🔹 Recurring ACV: 98% Business Highlights: 🔹 Launched Pelican-11 technical demonstration satellite 🔹 Planet AI Application progressed to open beta phase Comments: 🔸 “The team continues to demonstrate strong execution, highlighted by our satellite handover for the Swedish Armed Forces and landmark contract wins in August with the NGA and the German government.” 🔸 “Our strong top-line performance is translating to significant operating leverage, exceeding our expectations on non-GAAP gross margins and driving adjusted EBITDA profit of $13.9 million for the quarter.”