Is Planet Labs PBC (PL) Halal?
Shariah Screening — 5 Standards
Based on financial data from January 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.3% / 30% | 2.6% / 30% | 0.6% / 30% | 4.2% / 5% | ✓ HALAL |
| DJIM | 0.3% / 33% | 2.6% / 33% | 0.6% / 33% | 4.2% / 5% | ✓ HALAL |
| MSCI | 3.4% / 33% | 35.0% / 33% | 8.8% / 33% | 4.2% / 5% | ✗ NOT HALAL |
| S&P | 0.3% / 33% | 2.6% / 33% | 0.6% / 33% | 4.2% / 5% | ✓ HALAL |
| FTSE | 3.4% / 33% | 35.0% / 33% | 8.8% / 50% | 4.2% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 56.2% | |
| Operating Margin | -30.4% | |
| Net Margin | -80.2% | |
| Return on Equity (ROE) | -78.4% | |
| Return on Assets (ROA) | -5.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$14M |
| Free Cash Flow | -$69M |
| Total Debt | $22M |
| Debt-to-Equity | 245.4 |
| Current Ratio | 1.7 |
| Total Assets | $634M |
Price & Trading
| Last Close | $32.40 |
| 50-Day MA | $25.89 |
| 200-Day MA | $14.93 |
| Avg Volume | 12.6M |
| Beta | 2.0 |
|
52-Week Range
$2.79
| |
About Planet Labs PBC (PL)
Planet Labs PBC engages in the design, construction, and launch of constellations of satellites with the intent of providing high-cadence geospatial data delivered to customers through an online platform in the United States and internationally. The company offers SuperDove satellites to create an always-online scanner for the planet, with the goal of imaging the Earth every day at a ground sampling distance (GSD) resolution of up to 3.5 meters. This combines planet monitoring with other scientific-grade radiometric data from public satellite data programs; and SkySat and Pelican satellites to capture a specified location several times per day, achieving a GSD resolution of up to 50 centimeters after processing, powered by an application programming interface. It also provides Tanager, a hyperspectral imaging satellite that delivers full-spectrum imagery across the visible and shortwave infrared regions, and the Earth Observation platform, which enables customers and partners to access, analyze, and act on its proprietary data catalog by discovering image tasking capacity, relevant data layers, extracting useful information, and delivering insights through custom-built solutions or GIS workflows via APIs and browser-based applications. In addition, the company's satellite services arrangements include designing and manufacturing customer-owned satellites, mission systems engineering, launch procurement, ground station infrastructure, satellite operations, and maintenance, as well as dedicated image tasking capacity on company-owned or customer-owned satellites. It serves agriculture, mapping, energy, forestry, finance, and insurance companies, as well as government agencies. Planet Labs PBC was founded in 2010 and is headquartered in San Francisco, California.
Purification Calculator
As a halal stock with 4.20% impermissible income, you need to purify your dividends.
Related Halal Stocks in Industrials
Frequently Asked Questions
Is Planet Labs PBC (PL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Planet Labs PBC is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Planet Labs PBC's debt ratio?
Planet Labs PBC's debt ratio is 0.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 3.4%.
Does Planet Labs PBC require dividend purification?
Yes, Planet Labs PBC has an impermissible income ratio of 4.20%, which means 4.20% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Planet Labs PBC's key financial metrics?
Planet Labs PBC has a market capitalization of $10.7B, and revenue of $244M. The company maintains a gross margin of 56.2% and a net margin of -80.2%. Return on equity stands at -78.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.