Planet Labs reported first-quarter fiscal 2026 revenue of $66.3 million, a 10% increase year-over-year, surpassing analyst expectations. The company achieved its first-ever quarter of positive free cash flow at $8.0 million, with net cash provided by operating activities of $17.3 million. Gross margin improved to 59%, and adjusted EBITDA was $1.2 million compared to a loss of $8 million in the prior year. The company posted a net loss of $19.1 million for the quarter. Recurring annual contract value for the quarter was 97%. Planet Labs ended the quarter with $271 million in cash and a backlog of $527 million, up 140% year-over-year. Remaining performance obligations surged 262% year-over-year. Following the earnings report, Planet Labs' stock rose 54% during midday trading. The company operates more than 200 satellites and recently secured a $230 million contract to expand its Pelican satellite constellation. Rubrik reported first-quarter revenue of $278.5 million, up 49% year-over-year, and subscription annual recurring revenue of $1.18 billion, a 38% increase. The company's adjusted earnings per share were negative $0.15, beating estimates. Contribution margin for the quarter was 8%, and free cash flow was $33 million. Rubrik reported a 28% increase in large customers. Rubrik raised its full-year 2026 revenue guidance to $1.18–1.19 billion, above consensus estimates.