Planet's best revenue quarter added about $25M of net new backlog

Quarterly revenue and implied net new contract value (change in backlog plus revenue), $M. Backlog fell from $906.1M to $814.9M in Q2 FY27; book-to-bill about 0.21x.

Implied net new contract value = backlog(t) - backlog(t-1) + revenue(t). Planet does not report bookings; this is a Shawarma Capital calculation, net of FX, cancellations and scope changes. Backlog = RPO + cancelable contract value. Fiscal year ends January 31 (Q2 FY27 = May-Jul 2026).
Chart: Shawarma CapitalSource: Planet Labs PBC 10-Q/10-K filings (revenue and RPO via SEC XBRL, CIK 1836833; backlog from each filing's backlog-to-RPO reconciliation table). Bookings and book-to-bill are Shawarma Capital calculations.Get the data Download image