SPIR
Spire Global, Inc.9.27
+0.19+2.09%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
303.36MP/E (TTM)
15.71Basic EPS (TTM)
0.59Dividend Yield
0%Recent Filings
10-K
FY2025 results
Spire Global posted FY2025 revenue of $71.6M, down 35% y/y after selling its maritime unit mid-year for $238.9M net proceeds that wiped out all debt and boosted cash to $81.8M including marketable securities. Ex-maritime, core revenue held steady while gross margins jumped to 41% from 36% via lower satellite ops and depreciation. Q4 momentum showed in $201.8M RPO backlog (37% due next year, though $15.3M at risk from a contract suspension), new NOAA awards, and AI weather model launches, yet satellite write-offs hit $9.1M. Debt-free with $32.8M capex on platform growth, but ongoing losses persist. Material weaknesses in controls linger. Government contract stop-work orders threaten quarterly flows.
8-K
Q4 revenue dips, core grows
Spire Global reported Q4 2025 revenue of $15.8M, down 27% YoY due to maritime divestiture but up 44% excluding it, with net loss shrinking 49% to $25.1M and operating cash use improving 78% to $4.3M. Gross margins rose to 41%. Core business surges. Guides 2026 revenue ex-maritime to $71.3M-$81.3M, implying 41-61% growth.
8-K
Board adds Martinez
Spire Global expanded its board from seven to eight members, appointing John Martinez as an independent Class III director effective March 9, 2026, and to the Compensation Committee. Current Parsons Chief Legal Officer Martinez brings two decades of defense, security, and intelligence expertise to fuel growth in sovereign data markets. He received 26,570 RSUs vesting over three years. No related arrangements disclosed.
8-K
Q3 revenue dips post-divestiture
Spire Global reported Q3 2025 revenue of $12.7 million, down year-over-year after divesting its maritime business in April 2025, with operating loss at $21.1 million amid revenue timing shifts to 2026. Cash reserves stood strong at $96.8 million, backed by over $200 million in remaining performance obligations. New NOAA and EUMETSAT contracts signal demand. Growth exceeds 30% in 2026.
10-Q
Q3 FY2025 results
Spire Global posted Q3 revenue of $12.7M, down 56% y/y from $28.6M after selling its maritime business in April 2025 for $238.9M (net cash $109M after adjustments), yet gross margin held at 37% versus 45% last year. Operating loss widened to $21.1M from $13.7M on higher R&D spend, while YTD net income hit $76.4M ($2.31 diluted EPS) thanks to the one-time gain, reconciled to 31.4M shares. Debt-free now with $20.3M cash plus $76.4M marketable securities after repaying prior loans. Cash burned $55.6M on operations YTD. Satellite decommissions remain unpredictable.
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