05:06 AM EDT, 06/05/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the last paragraph.)

Planet Labs (PL) reported late Wednesday fiscal Q1 non-GAAP net income of $0.00 per share, compared to a net loss of $0.05 a year earlier.

Analysts polled by FactSet expected a loss of $0.04.

Revenue for the three months ended April 30 was $66.3 million, up from $60.4 million a year earlier. Analysts expected $62.3 million.

For fiscal Q2, the company expects revenue of $65 million to $67 million. Analysts surveyed by FactSet expect $65.2 million.

For fiscal 2026, the company projects revenue of $265 million to $280 million. Analysts are looking for $271.1 million.

Planet Labs shares were up 19% in recent premarket activity Thursday.