SPIR

MKT CAP:$551M

Spire Global, Inc.

Market Cap

$551M

Industrials·Specialty Business Services·🇺🇸 United States·NYSE

Industrials·Specialty·🇺🇸·NYSE

Stock Price

$17.54+$9.73 (+124.58%)

Apr 23, 2026

Company Details

Spire Global, Inc. develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc. has ...

CEO

Theresa Condor

IPO Date

Nov 3, 2020

Website

www.spire.com

Key Metrics TTM

Revenue

$72M

-35.2% YoY

Net Income

-$25.0B

EPS (Diluted)

$1.58

Free Cash Flow

-$16.2B

Revenue / Share

$0.00

Gross Margin

40.8%

Operating Margin

-121.4%

Net Margin

-34960.3%

FCF Margin

-22701.4%

P/S

7.7x

P/E

—

Earnings Reports

Q1 2026

May 13, 2026

PENDING

Q4 2025

Mar 19, 2026

$16M-26.9%EPS -$0.76

Q3 2025

Dec 17, 2025

$13M-55.6%EPS -$0.61

Q2 2025

Nov 3, 2025

$19M-24.5%EPS $3.72

Q1 2025

May 14, 2025

$24M-31.4%EPS -$0.77

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$10M	$4M	-$17M
Q1 22	$18M	$8M	-$20M
Q2 22	$19M	$10M	-$16M
Q3 22	$20M	$10M	-$16M
Q4 22	$22M	$12M	-$16M
Q1 23	$24M	$14M	-$14M
Q2 23	$26M	$17M	-$11M
Q3 23	$22M	$9M	-$17M
Q1 24	$35M	$9M	-$12M
Q2 24	$25M	$11M	-$12M
Q3 24	$29M	$13M	-$14M
Q4 24	$22M	$7M	-$31M
Q1 25	$24M	$9M	-$25M
Q2 25	$19M	$9M	-$19M
Q3 25	$13M	$5M	-$21M
Q4 25	$16M	$6M	-$21M

Valuation

Quarter	P/S	P/E
Q3 21	26.5x	—
Q1 22	6.0x	—
Q2 22	3.2x	—
Q3 22	2.3x	—
Q4 22	1.9x	—
Q1 23	1.1x	—
Q2 23	1.0x	—
Q3 23	1.0x	—
Q1 24	2.6x	—
Q2 24	2.4x	—
Q3 24	2.3x	—
Q4 24	3.3x	—
Q1 25	2.6x	—
Q2 25	4.1x	10.2x
Q3 25	4.8x	12.1x
Q4 25	3528.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$22M	-$26M
Q1 22	-$15M	-$19M
Q2 22	-$18M	-$26M
Q3 22	-$10M	-$14M
Q4 22	-$5M	-$8M
Q1 23	-$11M	-$16M
Q2 23	-$11M	-$19M
Q3 23	-$11M	-$16M
Q1 24	-$9M	-$16M
Q2 24	-$4M	-$10M
Q3 24	$14M	$5M
Q4 24	-$19M	-$24M
Q1 25	-$8M	-$17M
Q2 25	-$35M	-$39M
Q3 25	-$21M	-$30M
Q4 25	-$4.3B	-$16.2B

Capital Expenditures

Quarter	CapEx
Q3 21	$4M
Q1 22	$4M
Q2 22	$8M
Q3 22	$3M
Q4 22	$3M
Q1 23	$5M
Q2 23	$8M
Q3 23	$5M
Q1 24	$7M
Q2 24	$6M
Q3 24	$9M
Q4 24	$5M
Q1 25	$9M
Q2 25	$4M
Q3 25	$8M
Q4 25	$11.9B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+33.1%	+96.2%
Q1 22	+148.6%	+145.9%
Q2 22	+99.6%	+58.7%
Q3 22	+124.1%	+62.1%
Q4 22	+134.1%	+43.7%
Q1 23	+33.7%	+1.4%
Q2 23	+36.6%	+4.7%
Q3 23	+8.4%	+5.9%
Q1 24	+55.6%	+21.0%
Q2 24	+5.1%	-2.3%
Q3 24	+7.8%	+12.8%
Q4 24	-2.1%	+34.4%
Q1 25	-31.4%	+5.3%
Q2 25	-24.5%	+1.2%
Q3 25	-55.6%	-20.3%
Q4 25	-26.9%	-29.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$0	0.0%
Q1 22	$2M	12.7%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$3M	14.2%
Q1 23	$3M	10.9%
Q2 23	$3M	12.6%
Q3 23	$4M	16.0%
Q1 24	$6M	17.3%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$4M	16.3%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$3.7B	23665.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 21	$8M	$8M	$6M
Q1 22	$9M	$13M	$7M
Q2 22	$8M	$11M	$7M
Q3 22	$9M	$10M	$8M
Q4 22	$9M	$11M	$7M
Q1 23	$10M	$12M	$7M
Q2 23	$10M	$11M	$7M
Q3 23	$8M	$11M	$7M
Q1 24	$6M	$10M	$5M
Q2 24	$8M	$10M	$5M
Q3 24	$6M	$12M	$6M
Q4 24	$10M	$12M	$6M
Q1 25	$9M	$16M	$5M
Q2 25	$10M	$17M	$4M
Q3 25	$9M	$14M	$3M
Q4 25	$8.7B	$15.4B	$2.6B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$92M	$0	$92M
Q2 22	$73M	$21M	$93M
Q3 22	$59M	$22M	$82M
Q4 22	$47M	$23M	$70M
Q1 23	$47M	$26M	$73M
Q2 23	$43M	$21M	$64M
Q3 23	$30M	$20M	$50M
Q4 23	$29M	$12M	$41M
Q1 24	$52M	$12M	$64M
Q2 24	$24M	$22M	$46M
Q3 24	$29M	$8M	$37M
Q4 24	$19M	$0	$19M
Q1 25	$36M	$0	$36M
Q2 25	$36M	$82M	$118M
Q3 25	$20M	$76M	$97M
Q4 25	$25M	$57M	$82M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	8M	-53.8%	+282.5%
Q1 22	17M	+106.8%	+688.5%
Q2 22	17M	+0.3%	+687.0%
Q3 22	17M	+0.2%	-4.0%
Q4 22	18M	+0.5%	+108.7%
Q1 23	18M	+3.0%	+3.9%
Q2 23	18M	+2.1%	+5.8%
Q3 23	21M	+12.4%	+18.7%
Q1 24	22M	+5.1%	+24.1%
Q2 24	24M	+12.3%	+35.3%
Q3 24	25M	+1.8%	+34.9%
Q4 24	26M	+3.2%	+23.9%
Q1 25	27M	+4.2%	+22.8%
Q2 25	32M	+19.8%	+31.1%
Q3 25	33M	+1.3%	+30.4%
Q4 25	32.87B	+101034.1%	+127743.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$5M	2
Q1 22	$48.8K	370
Q2 22	$52.4K	370
Q3 22	$55.2K	370
Q4 22	$53.9K	415
Q1 23	$58.2K	415
Q2 23	$63.8K	415
Q3 23	$53.3K	415
Q1 24	$83.7K	416
Q2 24	$61.1K	416
Q3 24	$68.7K	416
Q4 24	$48.5K	447
Q1 25	$53.4K	447
Q2 25	$42.9K	447
Q3 25	$28.3K	447
Q4 25	$42.0K	377

Revenue / Employee