SAN FRANCISCO - Planet Labs PBC (NYSE: PL), a key player in daily Earth data and insights, has broadened its partnership with Abelio, a French technology company specializing in smart farming solutions. Abelio, which has been utilizing Planet's satellite data since 2018, will now have access to nearly triple the amount of agricultural data in France compared to the previous year.
The expansion enables Abelio to further enhance its digital agriculture solutions by applying its sophisticated algorithms and AI models to Planet's satellite data for time-sensitive precision farming insights. Abelio's integration of the Planet Insights Platform and PlanetScope satellite data, along with Sentinel-2 data streams, allows for streamlined data analysis and efficient training of machine learning models.
Planet President Ashley Johnson expressed excitement over the partnership's growth, emphasizing the importance of advanced solutions for precision agriculture in meeting food demands and sustainability regulations. Abelio's nitrogen fertilizer management solution, informed by Planet's data, has reportedly helped farmers reduce nitrogen usage by an average of 5-10%, balancing profitability with local sustainability.
Samuel Bonnard, Abelio's Head of International Business Development, highlighted the company's farmer-first approach and the benefits of analyzing near-real-time data to scale their solutions. The expanded data access is set to enhance Abelio's capabilities in irrigation management, crop monitoring, disease, and weed detection.
Planet Labs, founded by former NASA scientists in 2010, operates the largest fleet of Earth observation satellites and provides geospatial solutions to a diverse clientele, including agriculture and government agencies. The company aims to make global change visible and actionable through its daily satellite imagery. This information is based on a press release statement.
In other recent news, Planet Labs announced a significant 14% year-over-year increase in Q2 2025 revenue, totaling $61.1 million. This growth was primarily driven by the Defense and Intelligence sector, which saw over 30% growth, and the Civil Government sector, with over 20% growth. Despite these positive developments, the company reported an adjusted EBITDA loss of $4.4 million for the same quarter.
Planet Labs has also inked several significant deals. The company entered into an agreement with American Crystal Sugar to enhance sugar beet monitoring in the northern United States, utilizing Planet's satellite data. Additionally, Planet Labs renewed a 12-month contract with the Federal Police of Brazil, aiding in the surveillance of the Amazon (NASDAQ:AMZN) Rainforest. In other partnerships, the company secured a three-year agreement with the German Space Agency to provide Earth observation data for research and development initiatives.
Analysts predict that Planet Labs will achieve adjusted EBITDA profitability by Q4 of the fiscal year and expect Q3 revenue to be between $61 million and $64 million. These recent developments highlight the company's ongoing efforts in executing its strategy and capturing market opportunities.
InvestingPro Insights
Planet Labs PBC's (NYSE: PL) expanded partnership with Abelio aligns well with the company's growth trajectory, as reflected in recent financial data and market performance. According to InvestingPro data, Planet Labs has shown impressive revenue growth of 12.73% over the last twelve months, with quarterly revenue growth of 13.64% in Q2 2025. This growth is likely supported by strategic partnerships like the one with Abelio.
The company's focus on providing valuable Earth data insights is reflected in its strong gross profit margins, which stand at 52.79%. This is highlighted as one of the InvestingPro Tips, indicating the company's ability to maintain pricing power in its niche market.
Despite these positive indicators, it's worth noting that Planet Labs is not currently profitable, with an operating income margin of -58.53%. However, the company holds more cash than debt on its balance sheet, providing financial flexibility to invest in growth initiatives and partnerships.
The market seems to be recognizing Planet Labs' potential, with the stock showing significant returns over various timeframes. InvestingPro data shows a 32.16% return over the last month and a 45.63% return over the last six months. This positive momentum could be attributed to the company's expanding partnerships and growing market presence in the Earth observation sector.
For investors interested in a deeper analysis, InvestingPro offers 12 additional tips for Planet Labs, providing a comprehensive view of the company's financial health and market position.
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