Spire Global (SPIR) Financials

$20.09 +0.96 (+5.03%)

Closing price 05/20/2026 03:59 PM Eastern

Extended Trading

$20.09 0.00 (0.00%)

As of 05/20/2026 07:56 PM Eastern

Annual Income Statements for Spire Global

This table shows Spire Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-33	-38	-99	-78	-103	51
Consolidated Net Income / (Loss)	-33	-38	-99	-78	-103	51
Net Income / (Loss) Continuing Operations	-33	-38	-99	-78	-103	51
Total Pre-Tax Income	-32	-38	-99	-78	-103	55
Total Operating Income	-26	-68	-79	-59	-69	-96
Total Gross Profit	18	25	17	39	40	29
Total Revenue	28	43	71	98	110	72
Operating Revenue	28	43	71	98	110	72
Total Cost of Revenue	10	19	54	60	75	42
Operating Cost of Revenue	10	19	54	59	71	42
Other Cost of Revenue	-	-	-	1.22	4.03	0.00
Total Operating Expenses	44	92	96	96	105	125
Selling, General & Admin Expense	13	40	45	42	50	64
Marketing Expense	10	20	29	26	23	15
Research & Development Expense	21	32	22	28	29	37
Other Operating Expenses / (Income)	0.67	0.00	0.55	0.75	3.45	9.13
Total Other Income / (Expense), net	-6.09	30	-20	-19	-34	151
Interest Expense	6.77	15	36	19	20	19
Interest & Investment Income	0.05	0.02	0.95	2.33	1.55	2.44
Other Income / (Expense), net	0.63	45	16	-2.22	-15	168
Income Tax Expense	0.40	0.50	0.29	-0.14	0.16	3.61
Basic Earnings per Share	($1.85)	($0.61)	($5.66)	($3.96)	($4.28)	$1.66
Weighted Average Basic Shares Outstanding	17.61M	62.14M	17.48M	19.58M	24.16M	30.91M
Diluted Earnings per Share	($1.85)	($0.61)	($5.66)	($3.96)	($4.28)	$1.49
Weighted Average Diluted Shares Outstanding	17.61M	62.14M	17.48M	19.58M	24.16M	31.95M
Weighted Average Basic & Diluted Shares Outstanding	17.61M	151.53M	156.04M	23.64M	32.47M	35.01M

This table shows Spire Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-23	-17	-26	-17	-12	-48	-24	120	-20	-28	-26
Consolidated Net Income / (Loss)	-23	-17	-26	-17	-12	-48	-24	120	-20	-28	-26
Net Income / (Loss) Continuing Operations	-23	-17	-26	-17	-12	-48	-24	120	-20	-28	-26
Total Pre-Tax Income	-23	-18	-26	-16	-12	-48	-24	121	-20	-26	-26
Total Operating Income	-17	-13	-12	-12	-14	-31	-28	-24	-21	-26	-25
Total Gross Profit	9.49	6.43	9.23	11	13	7.03	8.71	9.38	4.64	6.36	6.31
Total Revenue	22	24	35	25	29	22	24	19	13	16	16
Operating Revenue	22	24	35	25	29	22	24	19	13	16	16
Total Cost of Revenue	13	19	26	15	18	16	15	9.81	8.03	9.47	9.53
Operating Cost of Revenue	13	18	26	14	16	15	15	9.81	8.03	9.47	9.53
Total Operating Expenses	26	18	21	23	24	36	37	33	26	32	31
Selling, General & Admin Expense	11	8.24	9.84	10	12	18	18	17	14	17	18
Marketing Expense	6.99	5.18	5.12	5.17	5.66	6.28	5.53	4.41	2.82	3.37	3.15
Research & Development Expense	7.93	4.75	6.04	7.52	5.63	10	8.66	10	9.12	8.85	8.70
Other Operating Expenses / (Income)	0.16	0.12	0.18	0.53	0.25	2.41	5.16	1.11	0.00	2.86	0.91
Total Other Income / (Expense), net	-6.52	-4.71	-14	-4.14	1.29	-18	4.77	145	1.37	-0.16	-1.21
Interest Expense	4.73	5.02	5.05	4.77	4.83	5.70	5.73	14	0.00	-	0.00
Interest & Investment Income	0.54	0.59	0.45	0.57	0.41	0.12	0.02	0.65	1.02	0.76	0.47
Other Income / (Expense), net	-2.33	-0.28	-8.97	0.06	5.71	-12	10	158	0.36	-0.92	-1.69
Income Tax Expense	-0.00	-0.58	-0.01	0.07	0.04	0.06	-0.01	1.80	-0.00	1.82	0.06
Basic Earnings per Share	($1.12)	($0.88)	($1.17)	($0.68)	($0.50)	($2.00)	($0.88)	$3.80	($0.61)	($0.76)	($0.78)
Weighted Average Basic Shares Outstanding	20.76M	19.58M	21.81M	24.49M	24.92M	24.16M	26.79M	31.40M	32.50M	30.91M	33.27M
Diluted Earnings per Share	($1.12)	($0.88)	($1.17)	($0.68)	($0.50)	($2.00)	($0.88)	$3.72	($0.61)	($0.85)	($0.78)
Weighted Average Diluted Shares Outstanding	20.76M	19.58M	21.81M	24.49M	24.92M	24.16M	26.79M	32.09M	32.50M	31.95M	33.27M
Weighted Average Basic & Diluted Shares Outstanding	22.36M	23.64M	25.82M	-	-	32.47M	32.58M	-	34.61M	35.01M	40.22M

This table details how cash moves in and out of Spire Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-8.55	94	-62	-18	-9.95	5.71
Net Cash From Operating Activities	-15	-58	-46	-36	-18	-60
Net Cash From Continuing Operating Activities	-15	-58	-46	-36	-18	-60
Net Income / (Loss) Continuing Operations	-33	-38	-99	-78	-103	51
Consolidated Net Income / (Loss)	-33	-38	-99	-78	-103	51
Depreciation Expense	5.55	8.51	18	18	22	12
Amortization Expense	0.34	3.88	6.13	5.27	4.84	3.08
Non-Cash Adjustments To Reconcile Net Income	6.67	-31	15	13	40	-141
Changes in Operating Assets and Liabilities, net	5.18	-2.23	13	4.44	18	15
Net Cash From Investing Activities	-10	-119	-44	-4.97	-14	151
Net Cash From Continuing Investing Activities	-10	-119	-44	-4.97	-14	151
Purchase of Property, Plant & Equipment	-10	-15	-21	-17	-27	-33
Purchase of Investments	-	0.00	-40	-40	-30	-120
Divestitures	-	-	-	-	0.00	239
Sale and/or Maturity of Investments	-	0.00	17	53	42	66
Net Cash From Financing Activities	17	271	26	24	19	-75
Net Cash From Continuing Financing Activities	17	18	26	24	19	-75
Repayment of Debt	-15	-34	-76	-4.58	-20	-115
Issuance of Common Equity	-	0.00	0.62	8.59	0.90	0.81
Other Financing Activities, net	0.08	1.29	0.81	0.00	38	39
Effect of Exchange Rate Changes	-	0.59	1.20	-0.57	3.74	-11
Cash Interest Paid	1.50	3.13	9.44	16	14	6.92
Cash Income Taxes Paid	-	0.17	0.21	0.05	0.21	1.00

This table details how cash moves in and out of Spire Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-13	-0.72	23	-28	5.55	-12	21	8.82	-24	4.50	-10
Net Cash From Operating Activities	-17	3.13	-8.85	-4.39	14	-19	-8.43	-35	-12	-4.28	-26
Net Cash From Continuing Operating Activities	-17	3.13	-8.85	-4.39	14	-19	-8.43	-35	-12	-4.28	-26
Net Income / (Loss) Continuing Operations	-26	-17	-26	-17	-12	-48	-24	117	-20	-25	-26
Consolidated Net Income / (Loss)	-26	-17	-26	-17	-12	-48	-24	117	-20	-25	-26
Depreciation Expense	3.76	6.59	6.84	5.65	3.86	5.38	4.41	2.52	2.56	2.91	3.02
Amortization Expense	1.57	1.49	1.71	0.09	2.31	2.34	0.75	-0.08	0.79	0.78	0.80
Non-Cash Adjustments To Reconcile Net Income	4.71	5.24	10	7.01	5.26	20	3.66	-153	1.25	9.30	2.87
Changes in Operating Assets and Liabilities, net	-0.45	7.01	-2.14	-0.58	15	0.96	6.27	-1.17	3.03	7.83	-7.06
Net Cash From Investing Activities	1.88	3.28	-7.18	-16	5.99	2.51	-8.90	154	-2.40	8.27	16
Net Cash From Continuing Investing Activities	1.88	3.28	-7.18	-16	5.99	2.51	-8.90	154	-2.40	8.27	16
Purchase of Property, Plant & Equipment	0.68	-5.36	-7.06	-5.53	-8.91	-5.09	-8.90	-3.61	-8.39	-12	-7.97
Sale and/or Maturity of Investments	13	11	11	9.20	15	7.60	0.00	-	23	43	24
Net Cash From Financing Activities	-	-4.27	38	-9.74	-10	0.59	38	-114	0.95	0.37	0.02
Net Cash From Continuing Financing Activities	-	-4.27	38	-9.74	-10	0.59	38	-114	0.95	0.37	0.02
Issuance of Common Equity	-	0.31	-	-	-	0.53	37	-	-	-37	0.00
Other Financing Activities, net	-	0.00	38	-38	-	0.07	0.64	-37	0.95	37	0.02
Cash Interest Paid	4.14	4.09	3.98	3.66	3.32	3.19	3.86	3.06	-	-	0.00
Cash Income Taxes Paid	-	-0.54	0.02	0.03	0.00	0.16	0.00	-	-	1.00	1.22

This table presents Spire Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	44	290	256	239	194	211
Total Current Assets	22	132	94	72	92	94
Cash & Equivalents	16	109	47	29	19	25
Short-Term Investments	-	0.00	23	12	0.00	57
Accounts Receivable	3.74	10	14	9.91	12	4.18
Other Current Assets	0.85	12	10	22	61	7.81
Plant, Property, & Equipment, net	20	49	56	60	63	81
Total Noncurrent Assets	1.69	110	106	106	38	36
Goodwill	0.00	54	50	51	15	15
Intangible Assets	0.75	44	35	32	10	9.08
Other Noncurrent Operating Assets	-	0.00	12	15	11	12
Total Liabilities & Shareholders' Equity	44	290	256	239	194	211
Total Liabilities	93	100	165	201	205	98
Total Current Liabilities	13	25	38	49	152	72
Short-Term Debt	-	-	-	0.00	94	0.00
Accounts Payable	1.78	5.82	4.80	8.01	12	15
Accrued Expenses	2.61	4.82	8.47	8.33	16	22
Other Current Liabilities	8.11	8.63	21	31	22	35
Total Noncurrent Liabilities	80	75	127	152	54	26
Noncurrent Deferred Revenue	-	-	-	-	-	14
Other Noncurrent Operating Liabilities	4.26	23	27	37	54	12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-49	190	91	38	-12	113
Total Preferred & Common Equity	-49	190	91	38	-12	113
Total Common Equity	-202	190	91	38	-12	113
Common Stock	10	439	456	478	537	606
Retained Earnings	-211	-249	-358	-435	-539	-487
Accumulated Other Comprehensive Income / (Loss)	-0.98	0.73	-6.91	-4.56	-9.77	-5.44

This table presents Spire Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	268	256	252	231	224	209	240	224	183
Total Current Assets	98	82	90	71	58	108	132	113	64
Cash & Equivalents	43	30	52	24	29	36	36	20	16
Short-Term Investments	21	20	12	22	7.57	-	82	76	33
Accounts Receivable	20	19	12	12	9.16	10	7.48	5.81	7.04
Other Current Assets	13	13	14	13	12	62	7.22	10	7.93
Plant, Property, & Equipment, net	63	70	60	60	68	63	69	75	84
Total Noncurrent Assets	108	105	103	99	98	37	38	36	34
Goodwill	51	50	50	50	50	15	15	15	15
Intangible Assets	34	32	30	29	29	9.80	9.88	9.33	8.55
Other Noncurrent Operating Assets	14	14	14	13	12	13	13	11	11
Total Liabilities & Shareholders' Equity	268	256	252	231	224	209	240	224	183
Total Liabilities	175	179	200	190	193	203	90	91	92
Total Current Liabilities	40	43	41	140	144	162	54	59	69
Short-Term Debt	-	-	-	101	92	100	0.00	0.00	0.00
Accounts Payable	4.29	4.62	5.87	7.53	11	7.29	8.89	11	16
Accrued Expenses	9.32	9.65	11	8.53	11	22	21	20	17
Other Current Liabilities	22	23	22	21	27	26	25	-	36
Total Noncurrent Liabilities	134	136	159	51	50	42	36	32	23
Noncurrent Deferred Revenue	-	-	19	21	23	22	25	22	12
Other Noncurrent Operating Liabilities	14	17	23	24	21	19	11	10	11
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	94	77	52	40	31	5.56	149	133	91
Total Preferred & Common Equity	94	77	52	40	31	5.56	149	133	91
Total Common Equity	94	77	52	40	31	5.56	149	133	91
Common Stock	470	474	519	525	530	577	597	602	610
Retained Earnings	-373	-390	-461	-477	-490	-559	-443	-462	-513
Accumulated Other Comprehensive Income / (Loss)	-4.21	-5.99	-6.12	-6.85	-8.83	-12	-5.00	-6.22	-5.30

This table displays calculated financial ratios and metrics derived from Spire Global's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	28,750,000.00	327,978,454.00	170,170,307.00	22,359,952.00	-	34,607,585.00
DEI Adjusted Shares Outstanding	3,593,750.00	40,997,307.00	21,271,288.00	22,359,952.00	-	34,607,585.00
DEI Earnings Per Adjusted Shares Outstanding	-9.04	-0.93	-4.65	-3.47	-	1.48
Growth Metrics	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-18	-47	-55	-41	-48	-90
Return On Investment Capital (ROIC_SIMPLE)	-	-	-29.12%	-27.09%	-55.39%	-79.40%
Earnings before Interest and Taxes (EBIT)	-25	-23	-63	-61	-84	72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-20	-11	-39	-38	-53	87
Valuation Ratios	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-160	-45	-34	-19	-51
Efficiency Ratios	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	7.12	120	110	103	73	30
Increase / (Decrease) in Invested Capital	0.00	113	-10	-7.11	-29	-39
Book Value per Share	($7.03)	$1.16	$0.54	$1.69	($0.45)	$3.26
Tangible Book Value per Share	($7.05)	$0.56	$0.04	($2.03)	($1.42)	$2.55
Total Capital	27	241	190	152	87	113
Total Debt	75	51	98	114	99	0.00
Total Long-Term Debt	75	51	98	114	4.62	0.00
Net Debt	57	-70	19	65	77	-83
Capital Expenditures (CapEx)	10	15	21	17	27	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.70	-2.60	-14	-18	15	-60
Debt-free Net Working Capital (DFNWC)	8.99	107	56	23	35	21
Net Working Capital (NWC)	8.99	107	56	23	-59	21
Net Nonoperating Expense (NNE)	14	-9.39	44	36	55	-141
Net Nonoperating Obligations (NNO)	56	-70	19	65	85	-83
Total Depreciation and Amortization (D&A)	5.88	12	24	23	31	15
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($5.12)	$0.00	($4.26)	$1.66
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	17.48M	0.00	24.16M	30.91M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($5.12)	$0.00	($4.26)	$1.49
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	17.48M	0.00	24.16M	31.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	19.50M	0.00	32.47M	35.01M
Normalized Net Operating Profit after Tax (NOPAT)	-18	-47	-55	-41	-48	-90
Debt Service Ratios	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Spire Global's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	177,515,699.00	22,359,952.00	23,638,770.00	25,824,885.00	25,824,885.00	-	32,474,439.00	32,583,984.00	32,583,984.00	34,607,585.00	35,011,385.00
DEI Adjusted Shares Outstanding	22,189,462.00	22,359,952.00	23,638,770.00	25,824,885.00	25,824,885.00	-	32,474,439.00	32,583,984.00	32,583,984.00	34,607,585.00	35,011,385.00
DEI Earnings Per Adjusted Shares Outstanding	-1.05	-0.77	-1.08	-0.64	-0.48	-	-0.64	3.67	-0.60	-0.81	-0.74
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.37%	87.86%	50.00%	-9.50%	29.12%	-10.51%	-31.44%	-24.48%	-55.65%	-	-33.68%
EBITDA Growth	-11.47%	70.73%	-25.02%	22.79%	86.69%	-561.73%	27.93%	2,190.17%	-842.72%	-	-77.40%
EBIT Growth	-5.24%	43.29%	-43.33%	11.49%	58.18%	-219.26%	28.64%	1,193.89%	-158.38%	-	-47.45%
NOPAT Growth	-2.82%	49.92%	25.74%	3.15%	18.42%	-134.77%	-112.13%	-168.06%	-53.44%	-	13.13%
Net Income Growth	-7.00%	36.66%	-36.93%	9.87%	46.55%	-180.57%	19.13%	822.21%	-57.75%	-	-9.90%
EPS Growth	10.40%	43.23%	-13.59%	31.31%	55.36%	-127.27%	34.19%	647.06%	-22.00%	-	11.36%
Operating Cash Flow Growth	-64.90%	203.10%	30.46%	74.67%	183.05%	-714.07%	4.76%	-699.16%	-186.13%	-	-210.96%
Free Cash Flow Firm Growth	91.77%	74.82%	370.33%	474.16%	303.18%	490.90%	-93.71%	0.68%	-20.10%	-	5,524.37%
Invested Capital Growth	7.05%	-6.48%	-26.74%	-33.43%	-37.91%	-28.67%	-20.28%	-66.08%	-57.11%	-	-45.47%
Revenue Q/Q Growth	-16.48%	9.39%	43.88%	-27.07%	12.48%	-24.18%	10.24%	-19.66%	-33.95%	-	0.06%
EBITDA Q/Q Growth	-110.20%	61.87%	-135.40%	47.22%	71.90%	-335.56%	74.36%	1,630.64%	-112.67%	-	3.26%
EBIT Q/Q Growth	-59.85%	30.33%	-57.05%	41.35%	34.84%	-431.92%	64.90%	999.08%	-115.39%	-	2.33%
NOPAT Q/Q Growth	-52.99%	22.30%	8.25%	-3.04%	-11.07%	-123.60%	17.10%	-30.21%	36.42%	-	5.38%
Net Income Q/Q Growth	-43.47%	26.32%	-48.56%	35.17%	24.68%	-286.77%	57.18%	678.93%	-116.45%	-	7.55%
EPS Q/Q Growth	-918.18%	21.43%	-32.95%	41.88%	26.47%	-300.00%	61.50%	583.12%	-116.40%	-	8.24%
Operating Cash Flow Q/Q Growth	-49.04%	118.57%	-383.02%	50.41%	418.71%	0.00%	56.10%	-316.12%	65.65%	-	-512.84%
Free Cash Flow Firm Q/Q Growth	-131.67%	90.19%	1,408.53%	43.13%	10.59%	-81.13%	-78.95%	2,192.13%	-12.24%	-	-8.65%
Invested Capital Q/Q Growth	-2.42%	-24.87%	-6.45%	-2.94%	-8.99%	-13.69%	4.56%	-58.70%	15.06%	-	34.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.87%	26.58%	26.50%	42.96%	44.54%	32.44%	36.79%	48.88%	36.65%	-	39.82%
EBITDA Margin	-62.48%	-21.78%	-35.63%	-25.78%	-6.44%	-161.04%	-37.46%	713.61%	-136.91%	-	-141.75%
Operating Margin	-76.01%	-53.98%	-34.42%	-48.63%	-48.02%	-141.63%	-106.51%	-122.65%	-166.15%	-	-155.20%
EBIT Margin	-86.55%	-55.12%	-60.17%	-48.39%	-28.03%	-196.67%	-62.63%	700.86%	-163.31%	-	-165.86%
Profit (Net Income) Margin	-105.47%	-71.04%	-73.35%	-65.20%	-43.66%	-222.73%	-86.52%	623.45%	-155.30%	-	-163.21%
Tax Burden Percent	100.00%	96.75%	99.96%	100.41%	100.35%	100.12%	99.97%	98.52%	99.99%	-	100.21%
Interest Burden Percent	121.87%	133.20%	121.95%	134.19%	155.21%	113.12%	138.19%	90.29%	95.10%	-	98.20%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.48%	0.00%	-	0.00%
Return on Invested Capital (ROIC)	-38.32%	-34.73%	-23.18%	-31.11%	-34.30%	-124.52%	-85.96%	-180.60%	-148.51%	-	-116.64%
ROIC Less NNEP Spread (ROIC-NNEP)	-74.22%	-54.00%	-65.62%	-47.03%	-39.38%	-160.27%	-90.95%	-621.65%	-125.40%	-	-196.85%
Return on Net Nonoperating Assets (RNNOA)	-23.93%	-34.98%	-36.25%	-34.91%	-41.13%	-919.81%	-179.65%	212.30%	32.70%	-	-43.83%
Return on Equity (ROE)	-62.25%	-69.71%	-59.43%	-66.01%	-75.43%	-1,044.33%	-265.61%	31.70%	-115.81%	-	-160.48%
Cash Return on Invested Capital (CROIC)	-37.85%	-32.05%	-2.81%	7.59%	14.46%	-21.24%	-44.09%	-43.81%	-76.84%	-	-86.25%
Operating Return on Assets (OROA)	-31.52%	-21.73%	-25.48%	-20.66%	-13.19%	-100.37%	-27.02%	278.00%	-56.36%	-	-53.78%
Return on Assets (ROA)	-38.41%	-28.00%	-31.06%	-27.83%	-20.55%	-113.67%	-37.33%	247.29%	-53.60%	-	-52.93%
Return on Common Equity (ROCE)	-62.25%	-69.71%	-59.43%	-66.01%	-75.43%	-1,044.33%	-265.61%	31.70%	-115.81%	-	-160.48%
Return on Equity Simple (ROE_SIMPLE)	-96.56%	0.00%	-160.99%	0.00%	0.00%	0.00%	-1,762.93%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	-12	-9.15	-8.39	-8.65	-9.60	-21	-18	-23	-15	-18	-17
NOPAT Margin	-53.20%	-37.79%	-24.10%	-34.04%	-33.62%	-99.14%	-74.56%	-120.83%	-116.30%	-	-108.64%
Net Nonoperating Expense Percent (NNEP)	35.90%	19.28%	42.44%	15.93%	5.07%	35.75%	4.98%	441.05%	-23.11%	-	80.20%
Return On Investment Capital (ROIC_SIMPLE)	-6.03%	-6.02%	-5.01%	-5.91%	-7.50%	-24.72%	-16.85%	-15.53%	-11.07%	-16.10%	-18.86%
Cost of Revenue to Revenue	57.13%	78.45%	73.61%	57.20%	64.59%	74.10%	63.21%	51.12%	63.35%	-	60.18%
SG&A Expenses to Revenue	50.72%	34.02%	28.27%	39.41%	43.07%	81.20%	66.22%	89.59%	108.62%	-	114.48%
R&D to Revenue	35.84%	19.61%	17.34%	29.60%	19.71%	46.18%	35.64%	53.15%	71.95%	-	54.94%
Operating Expenses to Revenue	118.88%	75.53%	60.81%	91.43%	83.43%	167.52%	143.30%	171.53%	202.79%	-	195.02%
Earnings before Interest and Taxes (EBIT)	-19	-13	-21	-12	-8.01	-43	-15	134	-21	-27	-26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-14	-5.27	-12	-6.55	-1.84	-35	-8.94	137	-17	-23	-22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.40	4.63	5.41	6.94	8.37	0.00	47.29	2.60	2.69	-	4.83
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.13	3.30	-	6.53
Price to Revenue (P/Rev)	1.14	1.79	2.60	2.63	2.28	3.29	2.64	4.16	4.63	-	6.93
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.15	11.55	-	8.99
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.86%	8.66%	-	11.12%
Enterprise Value to Invested Capital (EV/IC)	1.23	2.34	3.41	3.57	3.68	6.02	4.27	8.54	7.18	-	9.37
Enterprise Value to Revenue (EV/Rev)	1.76	2.46	3.00	3.12	2.76	3.99	3.29	2.90	3.38	-	6.16
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.87	3.32	-	5.04
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.92	4.65	-	6.16
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	80.49	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	37.62	19.48	0.00	0.00	0.00	0.00	-	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.52	3.02	2.19	2.62	3.15	-8.43	18.02	0.00	0.00	-	0.00
Long-Term Debt to Equity	1.52	3.02	2.19	0.12	0.16	-0.40	0.00	0.00	0.00	-	0.00
Financial Leverage	0.32	0.65	0.55	0.74	1.04	5.74	1.98	-0.34	-0.26	-	0.22
Leverage Ratio	2.62	3.84	3.53	3.73	4.43	16.59	7.95	2.48	2.74	-	4.05
Compound Leverage Factor	3.19	5.12	4.30	5.00	6.88	18.76	10.99	2.24	2.60	-	3.98
Debt to Total Capital	60.29%	75.13%	68.68%	72.41%	75.90%	113.45%	94.74%	0.00%	0.00%	-	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	69.09%	72.07%	108.14%	94.74%	0.00%	0.00%	-	0.00%
Long-Term Debt to Total Capital	60.29%	75.13%	68.68%	3.32%	3.84%	5.32%	0.00%	0.00%	0.00%	-	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	39.71%	24.87%	31.32%	27.59%	24.10%	-13.45%	5.26%	100.00%	100.00%	-	100.00%
Debt to EBITDA	-3.14	-3.04	-2.88	-2.78	-3.73	-1.87	-2.03	0.00	0.00	-	0.00
Net Debt to EBITDA	-1.58	-1.73	-1.09	-1.39	-2.07	-1.46	-1.30	0.00	0.00	-	0.00
Long-Term Debt to EBITDA	-3.14	-3.04	-2.88	-0.13	-0.19	-0.09	0.00	0.00	0.00	-	0.00
Debt to NOPAT	-2.87	-2.77	-3.01	-2.79	-2.71	-2.05	-1.74	0.00	0.00	-	0.00
Net Debt to NOPAT	-1.44	-1.58	-1.14	-1.39	-1.51	-1.61	-1.12	0.00	0.00	-	0.00
Long-Term Debt to NOPAT	-2.87	-2.77	-3.01	-0.13	-0.14	-0.10	0.00	0.00	0.00	-	0.00
Altman Z-Score	-1.46	-1.69	-1.31	-2.08	-2.33	-3.35	-3.04	2.62	-0.20	-	-1.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.91	1.47	2.18	0.51	0.40	0.61	0.67	2.43	1.90	-	0.94
Quick Ratio	1.61	1.03	1.84	0.42	0.32	0.21	0.29	2.30	1.73	-	0.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-21	-2.04	27	38	42	7.96	1.68	38	34	20	18
Operating Cash Flow to CapEx	0.00%	58.35%	-125.37%	-79.42%	157.06%	-377.25%	-94.70%	-972.68%	-143.63%	-	-328.79%
Free Cash Flow to Firm to Interest Expense	-4.39	-0.41	5.28	7.99	8.74	1.40	0.29	2.81	16,857.15	-	0.00
Operating Cash Flow to Interest Expense	-3.56	0.62	-1.75	-0.92	2.90	-3.37	-1.47	-2.56	-6,024.00	-	0.00
Operating Cash Flow Less CapEx to Interest Expense	-3.42	-0.44	-3.15	-2.08	1.05	-4.26	-3.02	-2.82	-10,218.00	-	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.36	0.39	0.42	0.43	0.47	0.51	0.43	0.40	0.35	-	0.32
Accounts Receivable Turnover	5.48	8.21	8.34	6.48	8.12	10.12	8.84	9.37	10.34	-	7.38
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	1.56	1.68	1.86	1.73	1.64	1.78	1.62	1.45	1.08	-	0.86
Accounts Payable Turnover	8.42	9.40	11.71	12.14	10.07	7.61	9.74	7.22	4.41	-	3.16
Days Sales Outstanding (DSO)	66.58	44.45	43.78	56.32	44.94	36.08	41.30	38.95	35.31	-	49.46
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	43.37	38.81	31.17	30.05	36.25	47.97	37.49	50.52	82.72	-	115.46
Cash Conversion Cycle (CCC)	23.22	5.64	12.61	26.27	8.69	-11.89	3.81	-11.58	-47.41	-	-66.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	137	103	96	93	85	73	77	32	36	30	42
Invested Capital Turnover	0.72	0.92	0.96	0.91	1.02	1.26	1.15	1.49	1.28	-	1.07
Increase / (Decrease) in Invested Capital	9.00	-7.11	-35	-47	-52	-29	-19	-62	-48	-39	-35
Enterprise Value (EV)	168	240	327	333	312	441	327	270	261	-	391
Market Capitalization	109	175	284	280	258	363	263	388	358	-	440
Book Value per Share	$0.44	$1.69	$2.22	$1.56	$1.19	($0.45)	$0.20	$4.58	$4.09	$3.26	$2.61
Tangible Book Value per Share	($0.03)	($2.03)	($1.19)	($1.49)	($1.86)	($1.42)	($0.70)	$3.80	$3.33	$2.55	$1.93
Total Capital	195	152	167	146	128	87	106	149	133	113	91
Total Debt	118	114	115	106	97	99	100	0.00	0.00	0.00	0.00
Total Long-Term Debt	118	114	115	4.85	4.91	4.62	0.00	0.00	0.00	0.00	0.00
Net Debt	59	65	44	53	54	77	64	-118	-97	-83	-49
Capital Expenditures (CapEx)	-0.68	5.36	7.06	5.53	8.91	5.09	8.90	3.61	8.39	12	7.97
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-11	-18	-15	-13	-30	15	11	-40	-43	-60	-54
Debt-free Net Working Capital (DFNWC)	39	23	49	32	6.63	35	47	78	54	21	-4.09
Net Working Capital (NWC)	39	23	49	-69	-86	-59	-53	78	54	21	-4.09
Net Nonoperating Expense (NNE)	12	8.05	17	7.91	2.87	27	2.86	-143	4.94	9.77	8.64
Net Nonoperating Obligations (NNO)	59	65	44	53	54	85	71	-118	-97	-83	-49
Total Depreciation and Amortization (D&A)	5.33	8.07	8.55	5.74	6.17	7.72	6.01	2.45	3.35	3.69	3.82
Debt-free, Cash-free Net Working Capital to Revenue	-11.78%	-18.31%	-13.65%	-12.61%	-26.56%	13.85%	10.82%	-42.55%	-55.71%	-	-84.31%
Debt-free Net Working Capital to Revenue	40.86%	23.56%	44.70%	30.38%	5.86%	31.24%	46.93%	83.53%	69.31%	-	-6.44%
Net Working Capital to Revenue	40.86%	23.56%	44.70%	-64.42%	-75.75%	-53.81%	-53.65%	83.53%	69.31%	-	-6.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.86)	($0.88)	$0.00	($0.68)	($0.50)	($2.00)	($0.77)	$3.80	($0.61)	($0.76)	($0.78)
Adjusted Weighted Average Basic Shares Outstanding	20.76M	19.58M	0.00	24.49M	24.92M	24.16M	26.79M	31.40M	32.50M	30.91M	33.27M
Adjusted Diluted Earnings per Share	($0.86)	($0.88)	$0.00	($0.68)	($0.50)	($2.00)	($0.77)	$3.72	($0.61)	($0.85)	($0.78)
Adjusted Weighted Average Diluted Shares Outstanding	20.76M	19.58M	0.00	24.49M	24.92M	24.16M	26.79M	32.09M	32.50M	31.95M	33.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.88)	$0.00	$0.00	$0.00	($2.00)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.36M	23.64M	0.00	0.00	0.00	32.47M	32.58M	0.00	34.61M	35.01M	40.22M
Normalized Net Operating Profit after Tax (NOPAT)	-12	-9.15	-8.39	-8.65	-9.60	-21	-18	-23	-15	-18	-17
Normalized NOPAT Margin	-53.20%	-37.79%	-24.10%	-34.04%	-33.62%	-99.14%	-74.56%	-120.83%	-116.30%	-	-108.64%
Pre Tax Income Margin	-105.48%	-73.43%	-73.38%	-64.93%	-43.51%	-222.47%	-86.54%	632.84%	-155.31%	-	-162.86%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-4.05	-2.66	-4.15	-2.57	-1.66	-7.47	-2.61	9.82	-10,345.50	-	0.00
NOPAT to Interest Expense	-2.49	-1.82	-1.66	-1.81	-1.99	-3.76	-3.11	-1.69	-7,367.85	-	0.00
EBIT Less CapEx to Interest Expense	-3.91	-3.72	-5.54	-3.73	-3.50	-8.36	-4.16	9.55	-14,539.50	-	0.00
NOPAT Less CapEx to Interest Expense	-2.35	-2.89	-3.06	-2.97	-3.83	-4.66	-4.66	-1.96	-11,561.85	-	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, data-driven view of Spire Global (NYSE: SPIR) using the last four years of quarterly statements provided. The focus is on key trends in revenue, profitability, cash flows, and balance sheet health, with remarks tailored for retail investors.

Strong liquidity cushion in early 2025: In Q2 2025, SPIR held about $36.1 million in cash and $81.5 million in short‑term investments, for roughly $118 million of readily available liquidity to fund operations or strategic moves.
Significant one-time inflow from investing activities in mid‑2025: Net cash from investing activities was +$154.2 million in Q2 2025, largely from sale/maturity of investments, providing a substantial near‑term cash boost (likely non‑recurring).
Gross margin strength in at least one quarter of 2025: Q2 2025 gross margin was about 49% (gross profit ≈ $9.38M on revenue ≈ $19.18M), signaling potential product/mix improvements during that period.
Low debt burden relative to assets: Long‑term debt around $4.9M in mid‑2025, with minimal or no short‑term debt, contributing to a lighter leverage profile despite ongoing losses.
Modest but positive financing activity in several quarters: Net cash from financing activities remained small but positive in multiple periods (e.g., around a few hundred thousand to under $1M per quarter), indicating ongoing access to capital if needed.
Revenue volatility with no clear upward trend: Operating revenue has fluctuated across quarters (roughly $12–$24M in 2023–2025), with Q2 2025 and Q1 2025 showing strength, but Q3/Q4 2025 weaker relative to the peak periods.
Bottom-line remains negative across the period: Net income/loss is consistently negative, with large quarterly losses (e.g., Q4 2025 net loss ≈ $27.95M, Q3 2025 ≈ $19.68M, etc.), indicating ongoing profitability challenges despite revenue activity.
Accumulated deficit on the balance sheet: Retained earnings show a substantial cumulative deficit (negative), reflecting years of losses that have yet to be offset by profits or equity issuances.
Operating cash flow remains negative and lumpy: Net cash from continuing operating activities was negative in all four 2025 quarters (e.g., Q2 2025 ≈ -$35.08M; Q3 2025 ≈ -$12.05M; Q4 2025 ≈ -$4.28M), signaling ongoing cash burn and a need for external financing or investment cycles.
Expense base often exceeds gross profit: In several quarters, selling, general & admin and R&D expenses totaled well over gross profit (e.g., Q4 2025 SG&A ≈ $17.25M + R&D ≈ $8.85M = ≈ $26.1M, versus gross profit ≈ $6.36M and revenue ≈ $15.83M), highlighting a challenging cost structure that drives ongoing losses.

05/21/26 03:33 AM ETAI Generated. May Contain Errors.

Spire Global Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Spire Global's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Spire Global's net income appears to be on a downward trend, with a most recent value of $51.31 million in 2025, falling from -$32.50 million in 2020. The previous period was -$103.36 million in 2024. Find out what analysts predict for Spire Global in the coming months.

Spire Global's total operating income in 2025 was -$95.98 million, based on the following breakdown:

Total Gross Profit: $29.16 million
Total Operating Expenses: $125.14 million

Over the last 5 years, Spire Global's total revenue changed from $28.49 million in 2020 to $71.55 million in 2025, a change of 151.2%.

Spire Global's total liabilities were at $98.06 million at the end of 2025, a 52.2% decrease from 2024, and a 5.3% increase since 2020.

In the past 5 years, Spire Global's cash and equivalents has ranged from $15.57 million in 2020 to $109.26 million in 2021, and is currently $24.81 million as of their latest financial filing in 2025.

Over the last 5 years, Spire Global's book value per share changed from -7.03 in 2020 to 3.26 in 2025, a change of -146.4%.

Related Companies

Financial statements for NYSE:SPIR last updated on 5/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Spire Global (SPIR) Financials

Financials Breakdown Chart

Key Financial Trends

Spire Global Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Spire Global (SPIR) Financials

Annual Income Statements for Spire Global

Quarterly Income Statements for Spire Global

Annual Cash Flow Statements for Spire Global

Quarterly Cash Flow Statements for Spire Global

Annual Balance Sheets for Spire Global

Quarterly Balance Sheets for Spire Global

Annual Metrics And Ratios for Spire Global

Quarterly Metrics And Ratios for Spire Global

Financials Breakdown Chart

Key Financial Trends

Spire Global Financials - Frequently Asked Questions

When does Spire Global's financial year end?

How has Spire Global's net income changed over the last 5 years?

What is Spire Global's operating income?

How has Spire Global's revenue changed over the last 5 years?

How much debt does Spire Global have?

How much cash does Spire Global have?

How has Spire Global's book value per share changed over the last 5 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools