Spire Global (NYSE:SPIR) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Key Points

• Spire Global missed quarterly expectations: It reported a $0.31 per-share loss versus the $0.26 consensus estimate, while revenue of $18.05 million came in below analysts’ $18.53 million forecast.
• Fiscal 2026 revenue guidance was reaffirmed at $75 million–$85 million, with more than 85% of the midpoint reportedly under contract. Growth prospects include new NOAA agreements, an eight-figure award under negotiation, and expanding RF geolocation demand.
• Profitability remains under pressure: Non-GAAP gross margin dropped to 38% from 52% a year earlier, adjusted EBITDA was negative $8.6 million, and operating cash flow used was $23.4 million; shares fell 4.4% to $14.10 after the results.

Spire Global (NYSE:SPIR - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05), FiscalAI reports. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The company had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.53 million. Spire Global updated its FY 2026 guidance to -0.950--0.810 EPS.

Here are the key takeaways from Spire Global's conference call:

• 2026 revenue guidance was reaffirmed at $75 million–$85 million, implying more than 50% core revenue growth at the midpoint. Management said over 85% of the midpoint was under contract as of the end of July, although most remaining growth is expected in the fourth quarter.
• NOAA opportunities advanced, including a signed hyperspectral microwave sounding data extension worth up to $5 million and an eight-figure contract now in negotiation. Spire also expects a near-term radio occultation bridge award and believes the follow-on contract will exceed last year’s $11.2 million annual award.
• RF geolocation demand continued to build, with four new international customers added in the second quarter and collection capacity increasing roughly tenfold since the start of the year. New German partnerships, European defense spending, and manufacturing facilities in North America, Germany, and the U.K. are intended to support longer-term government and defense growth.
• Second-quarter non-GAAP gross margin fell to 38% from 52% a year earlier, primarily due to the cancellation of the WildFireSat contract and related balance-sheet cleanup. Adjusted EBITDA remained negative at $8.6 million, while operating cash flow used was $23.4 million, though management expects sequential improvement and EBITDA breakeven by late 2026 to early 2027.

Spire Global Stock Down 4.4%

SPIR stock traded down $0.65 during mid-day trading on Thursday, hitting $14.10. 462,444 shares of the company were exchanged, compared to its average volume of 1,234,728. The firm has a market capitalization of $545.62 million, a P/E ratio of 8.98 and a beta of 2.55. The business has a fifty day simple moving average of $15.25 and a 200-day simple moving average of $14.88. Spire Global has a 12-month low of $6.60 and a 12-month high of $25.93.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Spire Global from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Spire Global from a "sell" rating to a "strong sell" rating in a report on Saturday, July 18th. Alliance Global Partners restated a "neutral" rating on shares of Spire Global in a research report on Thursday, May 14th. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the company a "buy" rating in a report on Thursday, May 14th. Finally, Stifel Nicolaus set a $24.00 price objective on shares of Spire Global and gave the stock a "buy" rating in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Spire Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.70.

Spire Global News Roundup

Here are the key news stories impacting Spire Global this week:

• Positive Sentiment: Spire reaffirmed its fiscal 2026 revenue outlook of $75 million to $85 million, broadly in line with the roughly $79.9 million analyst consensus. Its adjusted EPS guidance of -$0.95 to -$0.81 is also slightly better than the prior consensus estimate of -$0.97. Spire reaffirms 2026 outlook and discusses NOAA award
• Positive Sentiment: The company is negotiating a potential eight-figure NOAA microwave-sounding award. Although not yet secured, the contract could provide meaningful revenue and validate Spire’s satellite-data capabilities if awarded. NOAA microwave-sounding award negotiations
• Neutral Sentiment: Management’s earnings presentation and conference call emphasized satellite-data subscriptions and the company’s broader commercial and government opportunity pipeline, but the available reports did not identify a newly signed major subscription agreement. Q2 2026 earnings call transcript
• Negative Sentiment: Second-quarter results fell short of expectations: Spire reported a $0.31 per-share loss versus the approximately $0.26-$0.27 consensus loss, while revenue of $18.05 million missed estimates of about $18.5 million. Results also compared unfavorably with earnings of $0.48 per share a year earlier. Spire Q2 loss report

Insider Buying and Selling at Spire Global

In related news, Chairman Peter Platzer sold 7,184 shares of Spire Global stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $137,070.72. Following the completion of the sale, the chairman owned 1,478,568 shares in the company, valued at approximately $28,211,077.44. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Alison K. Engel sold 12,702 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $242,354.16. Following the completion of the sale, the chief financial officer directly owned 265,838 shares in the company, valued at approximately $5,072,189.04. The trade was a 4.56% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 52,297 shares of company stock valued at $997,503. 13.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Spire Global

Several large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Spire Global during the third quarter worth about $25,000. Osaic Holdings Inc. purchased a new position in Spire Global during the 2nd quarter worth approximately $25,000. BNP Paribas Financial Markets increased its position in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock worth $33,000 after buying an additional 1,260 shares during the period. Tower Research Capital LLC TRC increased its position in Spire Global by 71.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company's stock worth $49,000 after buying an additional 1,699 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Spire Global in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 19.97% of the company's stock.

About Spire Global

Spire Global NYSE: SPIR is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth's atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company's core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.

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