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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.83M | - | $28.57M | $19.18M | $34.83M | - | $28.57M | $25.40M | $25.69M | - |
| Cost of Revenue | $9.53M | - | $8.03M | $9.81M | $15.09M | - | $15.84M | $14.49M | $12.55M | - |
| Gross Profit | $6.30M | - | $4.64M | $9.38M | $8.78M | - | $12.72M | $10.91M | $13.14M | - |
| R&D | $8.70M | - | $9.12M | $10.20M | $8.51M | - | $5.63M | $7.52M | $9.91M | - |
| SG&A | $18.13M | - | $13.76M | $17.19M | $15.81M | - | $12.30M | $10.01M | $9.82M | - |
| Total Operating Expenses | $30.88M | - | $25.69M | $32.90M | $34.21M | - | $26.44M | $23.26M | $25.02M | - |
| D&A | $3.02M | - | $3.86M | $5.65M | $4.41M | - | - | - | $6.84M | - |
| Operating Income | ($24.57M) | - | ($21.05M) | ($23.53M) | ($25.43M) | - | ($13.72M) | ($12.35M) | ($11.88M) | - |
| Interest Expense | $0 | - | $4.83M | $1.69M | $5.73M | - | $4.83M | $4.77M | $5.05M | - |
| Income Tax | $55.0K | - | ($2.0K) | $1.80M | ($6.0K) | - | $44.0K | $67.0K | $41.0K | - |
| Net Income | ($25.84M) | - | ($19.68M) | $119.59M | ($20.66M) | - | ($12.47M) | ($16.56M) | ($25.26M) | - |
| EPS - Basic | ($0.78) | - | ($0.61) | $3.80 | ($0.77) | - | ($0.50) | ($0.68) | ($1.16) | - |
| EPS - Diluted | ($0.78) | - | ($0.61) | $3.72 | ($0.77) | - | ($0.50) | ($0.68) | ($1.16) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.05M | $24.81M | $20.31M | $36.11M | $35.93M | $19.21M | $29.06M | $23.53M | $51.98M | $29.14M |
| Accounts Receivable | $7.04M | $4.18M | $5.81M | $7.48M | $10.17M | $11.93M | $9.16M | $12.42M | $12.35M | $9.91M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $15.97M | $14.87M | $11.37M | $8.89M | $7.29M | $11.59M | $10.79M | $7.53M | $5.87M | $8.01M |
| Current Assets | $64.43M | $93.77M | $113.03M | $132.32M | $108.35M | $92.16M | $58.20M | $71.32M | $93.78M | $69.34M |
| Total Assets | $182.86M | $210.99M | $224.26M | $239.53M | $208.85M | $193.57M | $224.19M | $230.83M | $267.97M | $246.82M |
| Current Liabilities | $68.52M | $72.29M | $59.39M | $54.40M | $161.73M | $151.59M | $143.80M | $139.96M | $41.94M | $41.55M |
| Long-term Debt | - | - | - | - | $0 | $4.62M | $4.91M | $4.85M | $115.02M | $114.11M |
| Total Liabilities | $91.65M | $98.06M | $91.13M | $90.30M | $203.29M | $205.26M | $193.35M | $190.49M | $182.66M | $176.29M |
| Stockholders' Equity | $91.21M | $112.93M | $133.13M | $149.23M | $5.55M | ($11.69M) | $30.84M | $40.33M | $85.31M | $70.54M |
| Retained Earnings | ($513.18M) | ($487.34M) | ($462.25M) | ($442.57M) | ($558.76M) | ($538.10M) | ($489.86M) | ($477.39M) | ($427.86M) | ($402.60M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($26.21M) | - | - | - | ($8.43M) | - | - | - | ($7.34M) | - |
| Investing Cash Flow | $16.00M | - | - | - | ($8.90M) | - | - | - | ($8.68M) | - |
| Financing Cash Flow | $21.0K | - | - | - | $37.94M | - | - | - | $38.15M | - |
| CapEx | $7.97M | - | - | - | $8.90M | - | - | - | $8.56M | - |
| Free Cash Flow | ($34.18M) | - | - | - | ($17.33M) | - | - | - | ($15.91M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 39.8% | - | 16.3% | 48.9% | 25.2% | - | 44.5% | 43.0% | 51.2% | - |
| Operating margin | -155.2% | - | -73.7% | -122.7% | -73.0% | - | -48.0% | -48.6% | -46.3% | - |
| EBITDA margin | -136.1% | - | -60.2% | -93.2% | -60.4% | - | - | - | -19.6% | - |
| Net margin | -163.2% | - | -68.9% | 623.4% | -59.3% | - | -43.7% | -65.2% | -98.3% | - |
| Free cash flow margin | -215.9% | - | - | - | -49.8% | - | - | - | -61.9% | - |
| FCF / Net income | 1.32 | - | - | - | 0.84 | - | - | - | 0.63 | - |
| R&D / Revenue | 54.9% | - | 31.9% | 53.1% | 24.4% | - | 19.7% | 29.6% | 38.6% | - |
| SG&A / Revenue | 114.5% | - | 48.2% | 89.6% | 45.4% | - | 43.1% | 39.4% | 38.2% | - |
| Effective tax rate | - | - | - | 1.5% | - | - | - | - | - | - |
| Return on assets | -14.1% | - | -8.8% | 49.9% | -9.9% | - | -5.6% | -7.2% | -9.4% | - |
| Return on equity | -28.3% | - | -14.8% | 80.1% | -371.9% | - | -40.4% | -41.1% | -29.6% | - |
| Return on invested capital | - | - | - | - | -361.7% | - | -30.3% | -21.6% | -4.7% | - |
| Liquidity | ||||||||||
| Current ratio | 0.94 | 1.30 | 1.90 | 2.43 | 0.67 | 0.61 | 0.40 | 0.51 | 2.24 | 1.67 |
| Quick ratio | 0.94 | 1.30 | 1.90 | 2.43 | 0.67 | 0.61 | 0.40 | 0.51 | 2.24 | 1.67 |
| Cash ratio | 0.23 | 0.34 | 0.34 | 0.66 | 0.22 | 0.13 | 0.20 | 0.17 | 1.24 | 0.70 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | 0.00 | -0.40 | 0.16 | 0.12 | 1.35 | 1.62 |
| Debt / Assets | - | - | - | - | 0.00 | 0.02 | 0.02 | 0.02 | 0.43 | 0.46 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -4.4x | -14.0x | -4.4x | - | -2.8x | -2.6x | -2.4x | - |
| Equity multiplier | 2.00 | 1.87 | 1.68 | 1.61 | 37.60 | -16.56 | 7.27 | 5.72 | 3.14 | 3.50 |
| Liabilities / Assets | 0.50 | 0.46 | 0.41 | 0.38 | 0.97 | 1.06 | 0.86 | 0.83 | 0.68 | 0.71 |
| Efficiency | ||||||||||
| Asset turnover | 0.09 | - | 0.13 | 0.08 | 0.17 | - | 0.13 | 0.11 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 162d | - | 74d | 142d | 107d | - | 117d | 179d | 175d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 612d | - | 517d | 331d | 176d | - | 249d | 190d | 171d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | 3.2x | - | - | - | - | - | - |
| P / B | 4.6x | - | 2.7x | 2.6x | 39.0x | - | 8.1x | 6.6x | 3.1x | - |
| P / S | 26.4x | - | 12.5x | 19.9x | 6.2x | - | 8.7x | 10.5x | 10.2x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -54.5% | - | 0.0% | -24.5% | 35.6% | - | 4.6% | -4.1% | 6.3% | - |
| Revenue CAGR (3y) | -13.1% | - | 11.8% | 28.2% | 24.4% | - | 44.0% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -28.2% | - | -63.5% | -14.1% | -33.2% | - | -28.4% | -35.3% | -4.8% | - |
| Operating income growth (YoY) | 3.4% | - | -53.4% | -90.5% | -114.0% | - | -25.0% | -12.4% | 17.9% | - |
| Net income growth (YoY) | -25.1% | - | -57.7% | - | 18.2% | - | 29.9% | -1.8% | -42.9% | - |
| EPS growth (YoY) | -1.3% | - | -22.0% | - | 33.6% | - | 41.9% | -518.2% | -866.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -97.2% | - | - | - | -8.9% | - | - | - | 0.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 1541.9% | - | 331.7% | 270.0% | -93.5% | - | -60.2% | -56.9% | -9.1% | -35.9% |
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%
Peer comparison
Same SIC group: Communications Services, NEC
Comparing Spire Global against the 5 most active filers in the same SIC group.