Defense and intelligence is now 70% of Planet

Quarterly revenue by customer type, $M. D&I has nearly tripled since FY25 while commercial has stayed between $12.8M and $17.6M a quarter.

D&I includes foreign sovereign customers (Ukraine, Sweden, JSAT/Japan, German-funded work); it is not US-government revenue. Q2 FY27 includes ~$14.1M point-in-time Pelican handover to the Swedish Armed Forces.
Chart: Shawarma CapitalSource: Planet Labs PBC 10-Q and 10-K revenue disaggregation by customer type (Civil Government / Commercial / Defense & Intelligence). Q4 values = 10-K full year minus nine-month 10-Q.Get the data Download image