Spire Global, Inc. (SPIR)
Spire Global, Inc. specializes in creating advanced hardware and a sophisticated analytics platform designed to observe oceanic activities, atmospheric conditions, and weather phenomena worldwide. This enterprise provides its solutions to a diverse range of sectors, including the maritime industry, meteorological services, aviation, space operations, earth intelligence, and various government entities. A significant strategic alliance exists between Spire Global and TAC Index Limited. Founded in 2012, the company initially operated under the name Nanosatisfi, Inc., before officially adopting its current corporate identity, Spire Global, Inc., in July 2014. While its primary headquarters are situated in San Francisco, California, Spire Global also maintains additional facilities in Boulder, Colorado; Washington, D.C.; Glasgow, United Kingdom; Luxembourg; and Singapore.
Sector: Communications Services, NEC
Industry: Specialty Business Services
Spire Global, Inc.
NYSE:SPIRIndustrials · Specialty Business Services
+3.42%$9.06
AH Close$9.06+0.00%vs close
AH Close$9.06+0.00%vs close
Mkt Cap$354.38M
Float36.53M
O/S39.12M
Inst Own56.7%
SI10.3%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$71.55M
Net Income$51.3M
Total Assets$210.99M
Free Cash Flow-$92.61M
Debt & Equity
Debt 11%
Equity 89%
Total Debt$13.4M
Total Equity$112.93M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:8Reverse splitAug 31, 20238 shares → 1
Balance Sheet Details
Assets$210.99M
Liabilities$98.06M
Accounts Receivable$8.51M
Accounts Payable$14.87M
Inventory$0
PP&E (Net)$91.6M
Goodwill$15.45M
Intangible Assets$9.08M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $71.55M | $110.45M | $97.61M | $70.77M | $43.38M | $28.49M | $18.49M |
| YoY Growth | -35.2% | 13.2% | 37.9% | 63.2% | 52.2% | 54.1% | - |
| Cost of Revenue | $42.39M | $70.56M | $59.02M | $53.63M | $18.72M | $10.29M | $14.87M |
| Gross Profit | $29.16M | $39.89M | $38.59M | $17.14M | $24.66M | $18.2M | $3.62M |
| Gross Margin | 40.8% | 36.1% | 39.5% | 24.2% | 56.8% | 63.9% | 19.6% |
| Research and Development | $36.67M | $29.19M | $27.65M | $22.07M | $31.61M | $20.75M | $15.07M |
| Selling, General, and Administrative | $79.34M | $71.96M | $67.75M | $73.39M | $60.87M | $22.8M | $15.62M |
| Other | $0 | -$3.31M | $1.97M | $549K | $0 | $666K | $2.37M |
| Total Operating Expenses | $116.02M | $97.84M | $97.37M | $96.02M | $92.48M | $44.22M | $33.06M |
| Operating Income (EBIT) | -$86.85M | -$57.95M | -$58.78M | -$78.88M | -$67.83M | -$26.01M | -$29.45M |
| Operating Margin | -121.4% | -52.5% | -60.2% | -111.5% | -156.4% | -91.3% | -159.3% |
| Interest Expense | $7.42M | $20.36M | $19.04M | $13.96M | $11.42M | $6.77M | $0 |
| Interest Income | $2.44M | $1.55M | $2.33M | $948K | $23K | $54K | $3.13M |
| Other Income (Expense) | $141.77M | -$44.71M | -$18.92M | -$19.85M | $30.23M | -$6.09M | -$2.54M |
| Income Before Tax (EBT) | $54.92M | -$102.66M | -$77.7M | -$98.73M | -$37.59M | -$32.1M | -$31.98M |
| Income Tax Expense | $3.61M | $159K | -$142K | $285K | $497K | $400K | $334K |
| Net Income | $51.3M | -$102.82M | -$77.56M | -$99.01M | -$38.09M | -$32.5M | -$32.32M |
| Net Income Margin | 71.7% | -93.1% | -79.5% | -139.9% | -87.8% | -114.1% | -174.8% |
| Supplementary Data | |||||||
| EPS | 1.66 | -4.26 | -3.96 | -5.66 | -4.90 | -14.72 | -25.09 |
| Diluted EPS | 1.49 | -4.26 | -3.96 | -5.66 | -4.90 | -14.72 | -25.09 |
| Weighted Average OS | 30.91M | 24.16M | 19.58M | 17.48M | 7.77M | 2.21M | 1.29M |
| EBITDA | $77.82M | -$55.73M | -$37.51M | -$64.09M | -$17.67M | -$19.79M | -$17.04M |
| EBITDA Margin | 108.8% | -50.5% | -38.4% | -90.6% | -40.7% | -69.4% | -92.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $24.81M | $19.21M | $29.14M | $47.2M | $109.26M | $15.57M | $23.86M |
| Short-Term Investments | $56.97M | $0 | $11.73M | $23.08M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $81.78M | $19.21M | $40.86M | $70.28M | $109.26M | $15.57M | $23.86M |
| Accounts Receivable | $8.51M | $13.36M | $21.86M | $17.87M | $13.64M | $5M | $3.58M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $725K | $0 |
| Other Current Assets | $992K | $57.68M | -$1.74M | $867K | $3.5M | $910K | $1.91M |
| Total Current Assets | $93.77M | $92.16M | $72.34M | $94.18M | $131.57M | $22.27M | $29.46M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $91.6M | $74.41M | $75.37M | $67.51M | $48.7M | $20.46M | $15.91M |
| Goodwill | $15.45M | $14.73M | $51.16M | $49.95M | $53.63M | $0 | $0 |
| Intangible Assets | $9.08M | $10.16M | $32.02M | $34.78M | $44.15M | $751K | $755K |
| Long-Term Investments | $0 | $858K | $0 | $0 | $0 | $415K | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | -$415K | $0 |
| Other Long-Term Assets | $1.08M | $1.25M | $8.38M | $9.56M | $12.14M | $939K | $762K |
| Total Long-Term Assets | $117.22M | $101.42M | $166.93M | $161.81M | $158.62M | $22.15M | $17.43M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $210.99M | $193.57M | $239.26M | $255.99M | $290.19M | $44.42M | $46.89M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $14.87M | $11.59M | $8.01M | $4.8M | $5.82M | $1.77M | $600K |
| Short-Term Debt | $0 | $93.94M | $0 | $0 | $0 | $0 | $6M |
| Current Income Tax Payable | $0 | $120K | $245K | $971K | $195K | $122K | $0 |
| Current Unearned Revenue | $35.16M | $22.04M | $31.18M | $20.52M | $8.63M | $8.11M | $0 |
| Other Current Liabilities | $0 | $7.67M | $4.82M | $0 | $0 | $0 | $4.2M |
| Total Current Liabilities | $72.29M | $151.59M | $49.34M | $38.3M | $24.92M | $13.29M | $12.57M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $4.62M | $114.11M | $98.47M | $51.12M | $75.28M | $51.4M |
| Long-Term Unearned Revenue | $14.21M | $23.49M | $17.92M | $14.35M | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $860K | $804K | $732K | $835K | $338K | $0 |
| Other Long-Term Liabilities | $2.81M | $15.1M | $6.22M | $2.19M | $23.11M | $4.26M | $1.57M |
| Total Long-Term Liabilities | $25.77M | $53.67M | $152.13M | $126.56M | $75.07M | $79.87M | $52.97M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $98.06M | $205.26M | $201.48M | $164.85M | $99.99M | $93.16M | $65.55M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $153.26M | $153.26M |
| Common Stock | $3K | $3K | $2K | $2K | $15K | $2K | $1K |
| Retained Earnings | -$487.34M | -$538.1M | -$435.29M | -$357.73M | -$249.24M | -$211.15M | -$178.64M |
| Comprehensive Income & Other | -$5.43M | -$9.77M | -$4.56M | -$6.91M | $732K | -$982K | -$628K |
| Other Stockholders' Equity | $600.26M | $526.41M | $473.07M | $448.86M | $439.43M | $162.41M | $159.99M |
| Total Equity | $112.93M | -$11.69M | $37.78M | $91.13M | $190.21M | -$48.74M | -$18.66M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $210.99M | $193.57M | $239.26M | $255.99M | $290.19M | $44.42M | $46.89M |
| Supplementary Data | |||||||
| Total Debt | $13.4M | $111.41M | $130.7M | $111.62M | $51.12M | $75.28M | $57.4M |
| Net Debt | -$11.42M | $92.21M | $101.56M | $64.43M | -$58.13M | $59.7M | $33.53M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $51.3M | -$102.82M | -$77.56M | -$89.41M | -$38.09M | -$32.5M | -$32.32M |
| Depreciation & Amortization | $15.49M | $26.57M | $21.16M | $20.68M | $8.51M | $5.55M | $10.04M |
| Deferred Income Tax | $0 | $0 | $0 | $23K | $497K | $133K | -$1.26M |
| Stock-Based Compensation | $18.7M | $21.85M | $12.98M | $11.49M | $11.63M | $2.16M | $1.89M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $8.07M | -$1.92M | $2.5M | -$4.89M | -$5.01M | -$1.49M | -$627K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.61M | $2.65M | $1.37M | -$1.81M | $2.29M | $1.11M | $0 |
| Other Working Capital | $4.06M | $20.5M | -$1.07M | $19.43M | $485K | $4.37M | -$143K |
| Total Working Capital Change | $13.73M | $21.23M | $2.79M | $12.73M | -$2.23M | $3.99M | -$770K |
| Other Non-Cash Items | -$159.06M | $14.71M | $4.32M | -$3.34M | -$38.3M | $5.9M | $5.37M |
| Net Cash from Operating | -$59.83M | -$18.45M | -$36.31M | -$47.82M | -$57.99M | -$14.77M | -$17.05M |
| Investing Activities | |||||||
| Capital Expenditures | -$32.78M | -$26.58M | -$17.35M | -$18.91M | -$15.42M | -$10.31M | -$9.34M |
| Acquisitions | $238.95M | $0 | $0 | $22.91M | -$103.89M | $0 | $0 |
| Purchases of Investments | -$120.48M | -$30.15M | -$40.12M | -$40.21M | $0 | $0 | $0 |
| Sales of Investments | $65.5M | $42.5M | $52.5M | $17.3M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$22.91M | -$166K | -$101K | -$73K |
| Net Cash from Investing | $151.19M | -$14.23M | -$4.97M | -$41.83M | -$119.48M | -$10.41M | -$9.42M |
| Financing Activities | |||||||
| Debt Repaid | $114.83M | $20.11M | -$15.39M | -$29.46M | -$60.89M | -$17.36M | -$40.83M |
| Common Stock Issuance | $39.93M | $37.88M | $7.87M | $1.43M | $1.29M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $1.23M | $655K | -$4.52M | $209.65M | -$733K | -$346K |
| Net Cash from Financing | -$74.9M | $19M | $23.91M | $26.37M | $270.53M | $16.62M | $40.49M |
| Forex Effect | -$10.75M | $3.74M | -$568K | $1.2M | $590K | $19K | -$655K |
| Net Change in Cash | $5.71M | -$9.95M | -$17.94M | -$62.08M | $93.66M | -$8.54M | $13.36M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$59.83M | -$18.45M | -$36.31M | -$47.82M | -$57.99M | -$14.77M | -$17.05M |
| Capital Expenditure | -$32.78M | -$26.58M | -$17.35M | -$18.91M | -$15.59M | -$10.41M | -$9.34M |
| Free Cash Flow | -$92.61M | -$45.03M | -$53.66M | -$66.73M | -$73.57M | -$25.19M | -$26.4M |
| Cash at Beginning | $19.68M | $29.63M | $47.57M | $109.64M | $15.99M | $24.53M | $11.17M |
| Cash at End | $25.39M | $19.68M | $29.63M | $47.57M | $109.64M | $15.99M | $24.53M |