Planet Labs reports Q1 FY2027 revenue of $94.2M, up 42% YoY with $906M backlog

Planet Labs delivered record quarterly revenue of $94.2 million with 42% year-over-year growth, driven by strong execution and a 72% increase in backlog to $906 million. The company ended the quarter with $731 million in cash after warrant redemptions, positioning it for continued growth investments in AI and satellite operations.