Planet Labs Stock Rallies 36% on Impressive Q3 Earnings Beat

2025-12-26 03:28:24

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Planet Labs delivered strong Q3 results that sent shares soaring 36% today, with the stock climbing to $17.60 and adding $4.66 to its value. The company’s recent earnings announcement demonstrated solid operational momentum, particularly through multiple financial metrics that impressed investors.

The standout figures from today’s Q3 results include revenue hitting $81.3 million, representing a 33% year-over-year surge and marking the highest quarterly performance on record. Beyond the top-line growth, Planet Labs achieved profitability for the fourth consecutive quarter on an adjusted EBITDA basis, signaling improving operational efficiency. The company also expanded its gross margins and reported a remarkable 40% increase in total contract backlog, suggesting sustained demand momentum.

The market reaction reflected confidence in both current performance and the company’s refreshed full-year guidance. Intraday trading showed PL reaching a session high of $17.88 after opening at $13.28, with the stock maintaining momentum above its previous close of $12.94. The 52-week trading range spans from $8.20 to $18.10.

Trading activity surged significantly on the earnings beat, with volume exceeding 28 million shares—roughly nine times the typical average of 3.2 million daily shares. This elevated volume underscored strong investor interest in the latest Q3 results. Planet Labs shares continue to trade on the NYSE.

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