SPIR · Spire Global, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $71.55M | $110.45M | $105.70M | $80.27M | $28.49M | - |
| Cost of Revenue | $42.39M | $70.56M | $42.43M | $40.33M | $10.29M | - |
| Gross Profit | $29.16M | $39.89M | $63.27M | $39.94M | $18.20M | - |
| R&D | $36.67M | $29.19M | $38.92M | $35.15M | $20.75M | - |
| SG&A | $64.01M | $49.74M | $42.49M | $44.83M | $12.52M | - |
| Total Operating Expenses | $125.14M | $108.63M | $107.92M | $109.03M | $44.22M | - |
| D&A | $12.40M | $21.73M | $18.23M | $18.34M | $5.55M | - |
| Operating Income | ($95.98M) | ($68.73M) | ($44.65M) | ($69.09M) | $26.01M | - |
| Interest Expense | $7.42M | $20.36M | $19.04M | $13.96M | $6.77M | - |
| Income Tax | $3.61M | $159.0K | $72.0K | $322.0K | $400.0K | - |
| Net Income | $51.30M | ($102.82M) | ($63.96M) | ($89.41M) | ($32.50M) | - |
| EPS - Basic | $1.66 | ($4.26) | ($3.27) | ($5.12) | ($14.80) | - |
| EPS - Diluted | $1.49 | ($4.26) | ($3.27) | ($5.12) | ($14.80) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.81M | $19.21M | $29.14M | $47.20M | $109.26M | $1.32M |
| Accounts Receivable | $4.18M | $11.93M | $9.91M | $13.86M | $10.16M | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $14.87M | $11.59M | $8.01M | $4.80M | $5.82M | - |
| Current Assets | $93.77M | $92.16M | $69.34M | $96.78M | $131.57M | $1.60M |
| Total Assets | $210.99M | $193.57M | $246.82M | $256.51M | $290.19M | $231.61M |
| Current Liabilities | $72.29M | $151.59M | $41.55M | $33.37M | $24.92M | $1.03M |
| Long-term Debt | - | $4.62M | $114.11M | $98.47M | $51.12M | - |
| Total Liabilities | $98.06M | $205.26M | $176.29M | $146.39M | $101.33M | $9.08M |
| Stockholders' Equity | $112.93M | ($11.69M) | $70.54M | $110.12M | $188.86M | $5.00M |
| Retained Earnings | ($487.34M) | ($538.10M) | ($402.60M) | ($338.65M) | ($230.46M) | ($1.03M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($59.83M) | ($18.45M) | ($23.62M) | ($47.82M) | ($14.77M) | - |
| Investing Cash Flow | $151.19M | ($14.23M) | ($17.65M) | ($41.83M) | ($10.41M) | - |
| Financing Cash Flow | ($74.90M) | $19.00M | $23.91M | $26.37M | $16.62M | - |
| CapEx | $32.78M | $26.58M | $30.04M | $18.91M | $10.31M | - |
| Free Cash Flow | ($92.61M) | ($45.03M) | ($53.66M) | ($66.73M) | ($25.09M) | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 40.8% | 36.1% | 59.9% | 49.8% | 63.9% | - |
| Operating margin | -134.1% | -62.2% | -42.2% | -86.1% | 91.3% | - |
| EBITDA margin | -116.8% | -42.6% | -25.0% | -63.2% | 110.8% | - |
| Net margin | 71.7% | -93.1% | -60.5% | -111.4% | -114.1% | - |
| Free cash flow margin | -129.4% | -40.8% | -50.8% | -83.1% | -88.1% | - |
| FCF / Net income | -1.80 | 0.44 | 0.84 | 0.75 | 0.77 | - |
| R&D / Revenue | 51.3% | 26.4% | 36.8% | 43.8% | 72.8% | - |
| SG&A / Revenue | 89.5% | 45.0% | 40.2% | 55.9% | 43.9% | - |
| Effective tax rate | 6.6% | - | - | - | - | - |
| Return on assets | 24.3% | -53.1% | -25.9% | -34.9% | -11.2% | - |
| Return on equity | 45.4% | 879.8% | -90.7% | -81.2% | -17.2% | - |
| Return on invested capital | - | - | -19.1% | -26.2% | 8.6% | - |
| Liquidity | ||||||
| Current ratio | 1.30 | 0.61 | 1.67 | 2.90 | 5.28 | 1.56 |
| Quick ratio | 1.30 | 0.61 | 1.67 | 2.90 | 5.28 | 1.56 |
| Cash ratio | 0.34 | 0.13 | 0.70 | 1.41 | 4.38 | 1.29 |
| Leverage | ||||||
| Debt / Equity | - | -0.40 | 1.62 | 0.89 | 0.27 | - |
| Debt / Assets | - | 0.02 | 0.46 | 0.38 | 0.18 | - |
| Debt / EBITDA | - | - | - | - | 1.62 | - |
| Interest coverage | -12.9x | -3.4x | -2.3x | -5.0x | 3.8x | - |
| Equity multiplier | 1.87 | -16.56 | 3.50 | 2.33 | 1.54 | 46.32 |
| Liabilities / Assets | 0.46 | 1.06 | 0.71 | 0.57 | 0.35 | 0.04 |
| Efficiency | ||||||
| Asset turnover | 0.34 | 0.57 | 0.43 | 0.31 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 21d | 39d | 34d | 63d | 130d | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 128d | 60d | 69d | 43d | 207d | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 5.0x | - | - | - | - | - |
| P / B | 2.1x | - | 2.2x | 9.8x | 2.5x | - |
| P / S | 3.3x | 3.1x | 1.4x | 13.4x | 16.7x | - |
| EV / EBITDA | - | - | - | - | 13.2x | - |
| Growth | ||||||
| Revenue growth (YoY) | -35.2% | 4.5% | 31.7% | 181.7% | - | - |
| Revenue CAGR (3y) | -3.8% | 57.1% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | -26.9% | -37.0% | 58.4% | 119.4% | - | - |
| Operating income growth (YoY) | -39.6% | -53.9% | 35.4% | - | - | - |
| Net income growth (YoY) | - | -60.8% | 28.5% | -175.1% | - | - |
| EPS growth (YoY) | - | -30.3% | 36.1% | 65.4% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -105.6% | 16.1% | 19.6% | -166.0% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | -35.9% | -41.7% | 3677.3% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$71.55M totalSubscription Based Contract$55.43M · 77.5%
Non Subscription Based Contracts$16.12M · 22.5%
Geographic
$143.11M totalAmericas$44.34M · 31.0%
US$37.68M · 26.3%
EMEA$22.82M · 15.9%
Other Region Of EMEA$15.94M · 11.1%
GB$6.88M · 4.8%
Other Region Of Americas$6.66M · 4.7%
Other Region Of Asia Pacific$4.40M · 3.1%
Asia Pacific$4.40M · 3.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-2.47
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Communications Services, NEC
Comparing Spire Global against the 5 most active filers in the same SIC group.