Planet Labs PBC — Earnings Quality Grade F
PL · Industrials
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 16 days (83 → 99)
AR outpaced revenue for 2 consecutive years
Revenue 25.9%, CFFO 1034.8%. Cash follows revenue
Expense Quality
Insufficient data
CapEx growth 52.5% is >2x revenue growth 25.9%
SG&A/Gross Profit = 93.2%, exceeds 70%
Gross margin 56.1%, change -1.1pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF $0.1B, FCF/NI = -0.21
Accruals ratio = -33.3%. Low accruals
Cash $0.6B covers debt $0.5B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 102% of equity. Over 50%
Interest coverage = -27.7x (<2x). Financial stress
Other assets grew 86.5% vs revenue 25.9%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change 5% YoY. Normal
Manipulation Score
M-Score = -4.58 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25