Planet Labs PBC Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Colin Canfield - Cantor Fitzgerald LP - Analyst : Colin Canfield, Cantor Fitzgerald. If we can go back to the slide with the visual stack of the new and based on the AI and hardware models and just kind of compare that. So just comparing that to the long-term growth target of 20%, it looks like the long-term growth target is probably based on what's in backlog today, but the illustrative chart you had behind you looks like revenues perhaps doubling or tripling over a three to five-year period. So can you just talk about the level of conservatism baked into the revenue growth targets?

Question: Colin Canfield - Cantor Fitzgerald LP - Analyst : Got it. And then just in terms of the gross margin like harkening back to 2021 Investor Day, 70% to 80% gross margin target versus the 60%. Talk about the level of conservatism in that target as well.

Question: Colin Canfield - Cantor Fitzgerald LP - Analyst : And then one last question on the TCV with the customer list you put together. Can you just talk about maybe the time line of realizing those TCV? And essentially, as we think of the tranches like South Korea, Australia, Poland, the feedback we got from the Army show was that they were kind of looking at Germany as a demonstrator. But that once Germany was up and running, you would see the follow-on contracts from the other kind of F-35 friends of family. Is that a fair way to characterize the time line of that? Or does the risk environment suggests that that's pulling to the left? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 16, 2025 / 1:00PM, PL.N - Planet Labs PBC Investor Day

Question: Colin Canfield - Cantor Fitzgerald LP - Analyst : Thank you.