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Posted by
Two Blokes Jun 6 -
Filed in
Stock
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Planet Labs delivered a strong Q1, beating on both EPS and revenue, and achieved positive operating cash flow for the first time. Growth is driven by defense and intelligence contracts, with new deals in civil government and promising AI partnerships with Google and Anthropic. Despite a positive quarter, higher Q2 CapEx and margin variability mean that break-even profitability is still neither consistent nor guaranteed.
