Planet Labs and Snowflake Report FY 2026 Revenue Growth

Planet Labs PBC and Snowflake both reported revenue increases for fiscal year 2026, though both companies continue to operate at a net loss. Planet Labs generated $307.7 million in revenue, a 26% increase over the previous year, while reporting a net loss of $246.9 million attributed to high orbital hardware costs. The company relies primarily on multi-year licensing agreements with NATO and the U.S. government, maintaining a competitive advantage through its satellite constellation despite competition from SpaceX and Airbus.

Snowflake reported nearly $4.7 billion in revenue, representing roughly 30% year-over-year growth, alongside a net loss of $1.3 billion. The company operates a consumption-based AI Data Cloud platform with more than 13,000 customers. While Snowflake faces competition from major cloud providers like Microsoft and Amazon, it recently signed a $6 billion services agreement with Amazon Web Services.