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Planet Labs' revenue grew 26% in fiscal year 2026, and it signed a nine-figure contract with the Swedish Armed Forces.
Earth observation satellite company Planet Labs (NYSE: PL) achieved 26% year-over-year revenue growth in fiscal year 2026 and generated positive operating cash flow of $134 million for the first time. The company also secured a significant nine-figure contract with the Swedish Armed Forces, further solidifying its strategic transformation in high-value defense and intelligence contracts. Despite this, the company still recorded a net loss of $247 million in fiscal year 2026.
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