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Side-by-side financial comparison of Planet Labs PBC (PL) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
Planet Labs PBC is the larger business by last-quarter revenue ($81.3M vs $78.2M, roughly 1.0× Sezzle Inc.). Sezzle Inc. runs the higher net margin — 54.6% vs -72.8%, a 127.4% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs 32.6%). Sezzle Inc. produced more free cash flow last quarter ($70.6M vs $1.9M). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs 17.5%).
Planet Labs PBC, known as "Planet.", is a publicly traded American Earth imaging company based in San Francisco, California. Their goal is to image the entirety of the Earth daily to monitor changes and pinpoint trends.
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
PL vs SEZL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $81.3M | $78.2M |
| Net Profit | $-59.2M | $42.7M |
| Gross Margin | 57.3% | — |
| Operating Margin | -22.6% | 70.6% |
| Net Margin | -72.8% | 54.6% |
| Revenue YoY | 32.6% | 61.6% |
| Net Profit YoY | -194.7% | 68.3% |
| EPS (diluted) | $-0.19 | $1.19 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $81.3M | $78.2M | ||
| Q3 25 | $73.4M | $57.5M | ||
| Q2 25 | $66.3M | $52.0M | ||
| Q1 25 | $61.6M | $48.2M | ||
| Q4 24 | $61.3M | $48.4M | ||
| Q3 24 | $61.1M | $35.6M | ||
| Q2 24 | $60.4M | $30.2M | ||
| Q1 24 | $58.9M | $25.2M |
| Q4 25 | $-59.2M | $42.7M | ||
| Q3 25 | $-22.6M | $26.7M | ||
| Q2 25 | $-12.6M | $27.6M | ||
| Q1 25 | $-35.2M | $36.2M | ||
| Q4 24 | $-20.1M | $25.4M | ||
| Q3 24 | $-38.7M | $15.4M | ||
| Q2 24 | $-29.3M | $29.7M | ||
| Q1 24 | $-30.1M | $8.0M |
| Q4 25 | 57.3% | — | ||
| Q3 25 | 57.6% | — | ||
| Q2 25 | 55.2% | — | ||
| Q1 25 | 62.1% | — | ||
| Q4 24 | 61.2% | — | ||
| Q3 24 | 52.9% | — | ||
| Q2 24 | 52.4% | — | ||
| Q1 24 | 55.2% | — |
| Q4 25 | -22.6% | 70.6% | ||
| Q3 25 | -24.5% | 61.9% | ||
| Q2 25 | -34.4% | 69.4% | ||
| Q1 25 | -31.5% | — | ||
| Q4 24 | -36.9% | 63.8% | ||
| Q3 24 | -64.8% | 58.6% | ||
| Q2 24 | -57.2% | 55.3% | ||
| Q1 24 | -57.6% | 54.8% |
| Q4 25 | -72.8% | 54.6% | ||
| Q3 25 | -30.8% | 46.4% | ||
| Q2 25 | -19.1% | 53.1% | ||
| Q1 25 | -57.1% | 75.1% | ||
| Q4 24 | -32.8% | 52.4% | ||
| Q3 24 | -63.3% | 43.4% | ||
| Q2 24 | -48.5% | 98.4% | ||
| Q1 24 | -51.1% | 31.7% |
| Q4 25 | $-0.19 | $1.19 | ||
| Q3 25 | $-0.07 | $0.75 | ||
| Q2 25 | $-0.04 | $0.78 | ||
| Q1 25 | $-0.12 | $1.00 | ||
| Q4 24 | $-0.07 | $0.71 | ||
| Q3 24 | $-0.13 | $0.44 | ||
| Q2 24 | $-0.10 | $0.82 | ||
| Q1 24 | $-0.10 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $443.3M | $64.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $349.6M | $169.8M |
| Total Assets | $1.1B | $400.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $443.3M | $64.1M | ||
| Q3 25 | $181.1M | $104.1M | ||
| Q2 25 | $133.5M | $88.9M | ||
| Q1 25 | $118.0M | $88.9M | ||
| Q4 24 | $139.0M | $73.2M | ||
| Q3 24 | $148.3M | $80.1M | ||
| Q2 24 | $107.4M | $58.0M | ||
| Q1 24 | $83.9M | $77.8M |
| Q4 25 | $349.6M | $169.8M | ||
| Q3 25 | $435.7M | $155.3M | ||
| Q2 25 | $444.8M | $130.4M | ||
| Q1 25 | $441.3M | $125.8M | ||
| Q4 24 | $464.6M | $87.8M | ||
| Q3 24 | $473.2M | $61.1M | ||
| Q2 24 | $500.3M | $50.3M | ||
| Q1 24 | $518.0M | $29.6M |
| Q4 25 | $1.1B | $400.2M | ||
| Q3 25 | $696.4M | $367.0M | ||
| Q2 25 | $658.4M | $350.6M | ||
| Q1 25 | $633.8M | $298.1M | ||
| Q4 24 | $630.8M | $298.4M | ||
| Q3 24 | $658.4M | $252.9M | ||
| Q2 24 | $674.6M | $212.1M | ||
| Q1 24 | $702.0M | $195.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.6M | $70.6M |
| Free Cash FlowOCF − Capex | $1.9M | $70.6M |
| FCF MarginFCF / Revenue | 2.3% | 90.2% |
| Capex IntensityCapex / Revenue | 32.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $40.7M | $209.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.6M | $70.6M | ||
| Q3 25 | $67.8M | $63.7M | ||
| Q2 25 | $17.3M | $23.1M | ||
| Q1 25 | $-6.3M | $52.5M | ||
| Q4 24 | $4.1M | $57.4M | ||
| Q3 24 | $-7.9M | $35.1M | ||
| Q2 24 | $-4.3M | $22.2M | ||
| Q1 24 | $-6.8M | $16.0M |
| Q4 25 | $1.9M | $70.6M | ||
| Q3 25 | $47.5M | $63.6M | ||
| Q2 25 | $9.2M | $22.7M | ||
| Q1 25 | $-17.9M | $52.5M | ||
| Q4 24 | $-3.6M | $57.4M | ||
| Q3 24 | $-23.0M | $35.1M | ||
| Q2 24 | $-14.2M | $22.2M | ||
| Q1 24 | $-15.7M | $16.0M |
| Q4 25 | 2.3% | 90.2% | ||
| Q3 25 | 64.7% | 110.6% | ||
| Q2 25 | 13.9% | 43.6% | ||
| Q1 25 | -29.1% | 108.9% | ||
| Q4 24 | -5.8% | 118.5% | ||
| Q3 24 | -37.6% | 98.6% | ||
| Q2 24 | -23.6% | 73.4% | ||
| Q1 24 | -26.7% | 63.3% |
| Q4 25 | 32.9% | 0.1% | ||
| Q3 25 | 27.6% | 0.3% | ||
| Q2 25 | 12.3% | 0.8% | ||
| Q1 25 | 18.9% | 0.1% | ||
| Q4 24 | 12.5% | 0.1% | ||
| Q3 24 | 24.8% | 0.0% | ||
| Q2 24 | 16.4% | 0.1% | ||
| Q1 24 | 15.1% | 0.0% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | — | 2.27× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
SEZL
| Merchant And Partner Income | $28.9M | 37% |
| Transaction Income | $25.9M | 33% |
| Income From Other Services Late Payment Fees | $20.5M | 26% |
| Other | $2.9M | 4% |
