11:03 AM EDT, 09/08/2025 (MT Newswires) -- (Updates to include Planet Labs stock movement in the headline and the first paragraph.)

Planet Labs (PL) shares were up more than 35% in recent Monday trading after the company reported a narrower fiscal Q2 non-GAAP net loss and revenue that topped market expectations.

The company reported a fiscal Q2 non-GAAP net loss of $0.03 per diluted share, narrowing from a loss of $0.06 a year earlier.

Analysts polled by FactSet expected a loss of $0.05.

Revenue for the quarter ended July 31 was $73.4 million, compared with $61.1 million a year earlier.

Analysts surveyed by FactSet expected $66 million.

For fiscal Q3, the company expects revenue to be between $71 million and $74 million. Analysts surveyed by FactSet expect $68.8 million.

For fiscal 2026, Planet Labs said it now expects revenue of $281 million to $289 million, up from a previous outlook range of $265 million to $280 million. Analysts surveyed by FactSet expect $273.8 million.

Price: 8.83, Change: +2.30, Percent Change: +35.15