Spire Global Inc (SPIR)

Spire Global Expands Energy Trading Intelligence with Intraday-to-45-Day Weather Forecasts and Trader-Grade Decision PlatformMay 21, 2026 6:45 AM
Business Wire New capabilities deliver validated outperformance of European Centre for Medium-Range Weather Forecasts (ECMWF) sub-seasonal-range (S2S) forecasts by 14.2% at 3–6 weeks, enabling energy trading desks to price risk and identify market-moving weather events ahead of public models* Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics and intelligence, today announced an expanded energy trading intelligence offering comprising a full forecast stack — from intraday wind ramps to 45-day sub-seasonal regime shifts — delivered through Cirrus, Spire's trader-grade decision platform. This expansion comes as energy trading desks face increasing exposure to weather-driven volatility amid growing renewable penetration and tightening forward market conditions. As renewable generation expands across North American and European power markets, weather volatility has become an increasingly primary driver of market risk. Missed wind ramps, late-flagged cold outbreaks, and undetected weather regime changes each carry direct P&L consequences. Most trading desks rely on the same public models, limiting differentiation and eroding edge. Traditional models lose accuracy at the 3–6-week range, precisely when forward positions, gas-demand pricing, and hedging decisions are made. Spire's expanded forecast stack addresses the full trading horizon, giving energy trading desks a proprietary edge built on satellite-derived data that provides an independent signal alongside public forecast models: High-Resolution Forecast (0–7 days): Twice-daily 3 km forecasts across the U.S., Europe, and Southeast Asia, resolving intraday wind ramps and localized weather variability. Optimized Point Forecasts (0-15 days): Asset-level, hourly-refreshed weather forecasts with 15-minute granularity across 10,500+ sites globally, calibrated to local site conditions. Power Generation Forecasts (0–15 days): Translates space-based weather data and AI-driven model output into hour-by-hour wind and solar generation curves in a format energy traders use to make real-time decisions. Each curve overlays Spire's High-Resolution Forecast against benchmark models and full ensemble spread, so traders can quickly identify where Spire diverges from consensus, gauge forecast uncertainty, and time their positions accordingly. Coverage spans key European markets and all major US energy markets. Spire AI-S2S (1–45 days): Spire's proprietary sub-seasonal model, a 200-member generative AI ensemble, is trained on satellite-derived GNSS radio occultation data and historical atmospheric datasets, operating independently of public sub-seasonal forecast systems. It delivers daily probabilistic forecasts with quantified uncertainty, anomalies relative to climatology, and weather-regime analysis tuned for North American and European energy markets. Validated against ECMWF's ReAnalysis 5th Generation (ERA5), a global climate and weather dataset, AI-S2S outperformed ECMWF's sub-seasonal-range forecast ensemble by 14.2% on surface temperatures at 3–6 weeks, a key variable for forecasting energy demand and pricing risk. Spire’s AI-S2S also delivered more accurate 500 mb height forecasts, a critical upper-atmospheric field widely used by energy traders to anticipate future weather regimes, pattern shifts, and market-moving risk. These advancements provide an independent signal alongside traditional public forecasts, enabling earlier detection of large-scale weather shifts at the hardest range to forecast accurately. "Weather is now the single biggest unpriced variable in energy markets — and the traders who forecast it better win," said Shawn Mechelke, General Manager, Weather, Climate and Aviation at Spire. "Spire AI-S2S gives desks a validated, independent signal at the extended range, when public models lose reliability and the value of being right is highest. Paired with Cirrus and our full intraday-to-sub-seasonal stack, Spire is giving trading desks what they've never had: the infrastructure to systematically monetize weather volatility." "Energy markets need better weather forecasts across every decision horizon, from intraday ramps to sub-seasonal regime shifts," said Tom Gowan, Ph.D., Director of Weather Prediction and AI at Spire. "At short ranges, our high-resolution models capture the fine-scale weather details, localized wind ramps and power-market impacts traders need to act on. At the extended range, Spire AI-S2S represents a major technical breakthrough: delivering improved forecast skill over the world's leading public models in the weeks 3–6 timeframe, where forecast skill is hardest to achieve, through proprietary AI techniques and well-calibrated probabilistic outputs that provide a truly independent signal. We believe this is only the beginning of what AI, proprietary satellite data, and Spire's deep weather expertise can bring to energy markets." Cirrus consolidates the full forecast stack alongside public benchmark models in a single interface — a trader-grade decision environment designed to surface anomalies, compare model runs, and pressure-test positions before markets move. For desks operating within existing infrastructure, all products are also available via API with no platform rebuild required. Learn more about Spire’s intraday-to-45-day forecast stack, purpose-built for energy trading desks. About Spire Global, Inc. Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com. *Spire conducted independent validation of data from its AI-S2S model, outside of the training and fine-tuning period, against ECMWF forecast data from January 1-February 15, 2026. The ECMWF data used in this validation is published under a Creative Commons Attribution 4.0 International (CC BY 4.0) license. These results are based on data and products of the European Centre for Medium-Range Weather Forecasts (ECMWF) – ©2026 European Centre for Medium-Range Weather Forecasts (ECMWF). Source ecmwf.int. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521564677/en/ For Media:
Sarah Freeman
Senior Communications Manager
Sarah.Freeman@spire.com For Investors:
Benjamin Hackman
Head of Investor Relations
Benjamin.Hackman@spire.com Original: Spire Global Expands Energy Trading Intelligence with Intraday-to-45-Day Weather Forecasts and Trader-Grade Decision Platform

Spire Global Selected by Amadeus for Real-Time Aircraft Tracking Data IntegrationMay 19, 2026 6:45 AM
Business Wire Spire’s multi-source ground and space-based data fusion to power real-time aircraft visibility within Amadeus' Virtual Airport Operations Center (vAPOC) Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics and intelligence, has been selected by Amadeus IT Group, a leading global travel technology provider supporting airlines, airports, and travel companies worldwide, to provide a ground and space-based Automatic Dependent Surveillance–Broadcast (ADS-B) data fusion for integration into the Amadeus Virtual Airport Operations Center (vAPOC). Amadeus vAPOC provides airport operators, airlines, and ground handlers with a unified operational view across airside and landside systems, in which global coverage of ADS-B flight tracking data is key. The integration of Spire’s aviation intelligence and data, which uses a combination of ground and satellite receivers for enhanced coverage, ensures the vAPOC can provide continuous aircraft visibility, on ground for airport operations. “Through real-time intelligence, unified communication channels, and precision planning tools, Amadeus Virtual APOC gives airport stakeholders the power to make data-driven decisions. Leveraging Spire Aviation's global ground and space-based ADS-B network, the platform delivers complete worldwide coverage that enables optimized traffic flow, enhanced situational awareness and agile responses to operational changes during daily operations and at the time of disruptions,” says Abhishek Krishna, Head of Data, AI, and Platform Product Management, Amadeus. “Airport operations depend on accurate, real-time data to coordinate thousands of aircraft movements across complex airside and landside systems,” said Johan Alex Varghese, Head of Aviation at Spire. “Our work with Amadeus brings together their powerful airport operations platform with Spire’s global aircraft tracking data to deliver a more complete operational picture for airport operators. Working closely together, our teams progressed from an initial proof-of-concept to a live deployment, enabling advanced vAPOC capabilities to manage daily operations and disruption scenarios." “As airports increasingly adopt data-driven platforms to manage complex operations, demand for real-time aviation intelligence continues to grow,” said Shawn Meckelke, General Manager of Weather and Aviation at Spire. “Our work with Amadeus demonstrates how combining advanced operational platforms with space-based data can help aviation stakeholders enhance safety, improve situational awareness, strengthen operational resilience, and optimize overall airport performance.” Amadeus is developing additional AI-driven capabilities within vAPOC, including scenario planning tools and predictive analytics to support operational forecasting. The platform is designed to scale with airport requirements as operational complexity increases. Learn more about how Amadeus is leveraging Spire's real-time aircraft tracking data. About Spire Global, Inc. Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519341355/en/ For Media:
Sarah Freeman
Senior Communications Manager
Sarah.Freeman@spire.com For Investors:
Benjamin Hackman
Head of Investor Relations
Benjamin.Hackman@spire.com Original: Spire Global Selected by Amadeus for Real-Time Aircraft Tracking Data Integration

Spire Global Announces First Quarter 2026 ResultsMay 13, 2026 4:05 PM
Business Wire First quarter 2026 revenue was $15.8 million, above the high end of the guidance range, down 34% year-over-year, and up 13% excluding the maritime business(1) Net loss of $25.8 million and adjusted EBITDA(1) of ($10.2) million in first quarter 2026, with adjusted EBITDA(1) above the high end of the guidance range, reflect a 10% year-over-year increase in net loss and 29% year-over-year decline in adjusted EBITDA(1) Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics and intelligence, announced results for its quarter ended March 31, 2026. The Company will hold a webcast at 5:00 p.m. ET today to discuss the results. “We started the year with a clear goal of growing revenue on an ex-maritime basis, and in the first quarter, we didn't just meet our expectations - we exceeded them,” said Theresa Condor, Spire CEO. “The foundation we've built over years is now translating directly into growth, and as that momentum compounds through the year, we expect performance that reflects the potential of what we've built." First Quarter 2026 Highlights Financial: First quarter 2026 GAAP revenue was $15.8 million, reflecting a 34% year-over-year decrease primarily associated with selling the maritime business at the end of April 2025. Excluding the maritime business, revenue increased 13% on a year-over-year basis. The first-quarter increase was primarily driven by higher radio occultation and ocean winds data sales under National Oceanic and Atmospheric Administration (NOAA) awards. The first quarter 2026 revenue result was above the high end of Spire’s financial outlook for that time period. First quarter 2026 GAAP gross margin improved 4 percentage points year-over-year to 40%, and non-GAAP gross margin(1) increased 5 percentage points year-over-year to 44%. First quarter 2026 GAAP and non-GAAP gross margin improvement over first quarter 2025 primarily reflects the impact of lower software and depreciation expenses. First quarter 2026 net loss was $25.8 million, a 10% increase year-over-year, and adjusted EBITDA(1) was ($10.2) million, a 29% decline year-over-year. First quarter 2026 net loss increased and adjusted EBITDA declined year-over-year primarily driven by $9.7 million in lower revenue due to the sale of the maritime business. Adjusted EBITDA for the first quarter was above the high end of Spire’s financial outlook for that period. In April 2026, Spire raised $70.0 million of gross proceeds for working capital and general corporate purposes, including, without limitation, accelerating growth across emerging opportunities in the U.S. and international markets for space reconnaissance and government procurement of commercial space-based weather data. First quarter 2026 cash flow used in operations was $26.2 million. Cash usage in the quarter reflected working-capital dynamics and elevated legal and professional fees. Cash, cash equivalents, and marketable securities as of March 31, 2026 were $49.5 million. Spire continues to maintain a debt-free balance sheet. 1 Non-GAAP Financial Measure, please see section titled Non-GAAP Financial Measures for the definition of such measures and the reconciliation tables at the end of this release for reconciliation to the most directly comparable GAAP measure. Business: During the first quarter of 2026, Spire launched 19 satellites across 2 missions, including Spire's Hyperspectral Microwave Sounder (HyMS) satellite demonstrator, a compact, space-ready sensor built to advance global weather forecasting from space. Also during the quarter, Spire successfully received its first data from the HyMS demonstrator satellite, marking the mission's "first light" milestone and validating its hyperspectral microwave sensing capabilities with our end user community. In the first quarter of 2026, Spire continued to build momentum across its radio-frequency geolocation (RFGL) business. Two launches in the first quarter expanded the Company's collection capacity with six new satellite pairings. That infrastructure growth translated directly into commercial traction, with five new RFGL orders from U.S. customers and three new international RFGL customer awards in the quarter. The launches during the first quarter of 2026 also included Spire's seventh Optical Inter-Satellite Link (OISL) satellite, marking a further development in the Company's capabilities for direct optical communication between satellites. This technology enables satellites to communicate directly in orbit using laser links, facilitating faster, more secure data delivery and reducing reliance on ground station proximity. During the first quarter of 2026, Spire successfully demonstrated single-satellite RFGL techniques on orbit, including the detection and geolocation of S-band and X-band radio frequency signals. Traditionally, RFGL relies on multiple satellites operating together to determine the origin of a signal. Spire's single-satellite RFGL capability expands the Company's RF sensing capabilities by enabling the identification and geolocation of higher-frequency emitters, including S- and X-band signals, using sensors onboard a single satellite. Financial Outlook In 2025, Spire recognized revenue of $21.0 million for its maritime business. The majority of the maritime business was divested in April 2025. Spire is providing 2026 revenue, excluding maritime revenue, for comparative purposes. Based on the midpoint of its 2026 guidance, Spire expects 2026 revenue, excluding maritime revenue, to grow at over 50% from 2025. Beginning this quarter, Spire will no longer be providing quarterly financial guidance. Spire believes full year guidance better reflects the nature of the business as large government and enterprise contracts close on customer timelines that do not always align with quarterly reporting. Spire is providing the following guidance for the full year ending December 31, 2026:   FY'26 Ranges   (in millions, except percentages and per share amounts) Low   High   Revenue $ 75.0   $ 85.0   Maritime revenue $ 3.7   $ 3.7   Revenue excluding maritime $ 71.3   $ 81.3   Revenue excluding maritime Y/Y change   41 %   61 % Non-GAAP operating loss $ (37.8 ) $ (32.6 ) Adjusted EBITDA $ (26.0 ) $ (20.7 ) Non-GAAP net loss per share $ (0.93 ) $ (0.79 ) Basic weighted average shares   37.9     37.9   Non-GAAP operating loss, adjusted EBITDA and non-GAAP loss per share included in the table above are non-GAAP measures. Please see the section titled “Non-GAAP Financial Measures” for the definition of such measures. Spire has provided a reconciliation of GAAP to non-GAAP financial measures in the tables included in this press release for its first quarter and full year 2025 and 2026, as well as its outlook for such measures for the full year 2026. Non-GAAP Financial Measures In addition to financial measures prepared in accordance with GAAP, this press release and the accompanying tables contain non-GAAP financial measures, including free cash flow, non-GAAP gross profit, non-GAAP gross margins, non-GAAP research and development, non-GAAP sales and marketing, non-GAAP general and administrative expenses, non-GAAP operating loss/income, non-GAAP operating margin, EBITDA, Adjusted EBITDA, non-GAAP net loss/income, and non-GAAP net loss/income per share. Spire’s management uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to the corresponding GAAP financial measures, in evaluating its ongoing operational performance and trends and in comparing its financial measures with other companies in the same industry, many of which present similar non-GAAP financial measures to help investors understand the operational performance of their businesses. However, it is important to note that the particular items Spire excludes from, or includes in, its non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry. In addition, other companies may utilize metrics that are not similar to Spire’s. The non-GAAP financial information is presented for supplemental informational purposes only and is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. There are material limitations associated with the use of non-GAAP financial measures since they exclude significant expenses and income that are required by GAAP to be recorded in Spire’s financial statements. Investors should note that the excluded items may have had, and may in the future have, a material impact on our reported financial results. Please see the reconciliation tables at the end of this release for the reconciliation of GAAP and non-GAAP results. Management encourages investors and others to review Spire’s financial information in its entirety and not rely on a single financial measure. Spire adjusts the following items from one or more of its non-GAAP financial measures: Change in fair value of contingent earnout liabilities and warrant liabilities. Spire excludes these non-cash gains and losses because they do not reflect the underlying operating performance of the business. Foreign exchange (gain)/loss. Spire incurs foreign currency gains and losses on foreign currency denominated receivables and payables. As Spire does not hedge these currency exposures, realized and unrealized foreign currency gains and losses result from fluctuations in exchange rates. Since such gains and losses are driven by macroeconomic factors and can vary significantly between periods, Spire believes their exclusion is useful to management and investors in evaluating the performance of its ongoing operations on a period-to-period basis. Other (income) expense, net. Spire excludes other expense, net because it includes non-operating items and other gains and losses that are not reflective of its core operating performance and may fluctuate between periods, such as debt prepayment penalties, legal settlements, equity investment losses, and gains or losses on asset disposals. Stock-based compensation. Spire excludes these expenses primarily because they are non-cash charges used when we assess operating expenses and budgeting. Moreover, because of varying valuation methodologies and the award types under ASC Topic 718, Spire believes excluding stock-based compensation expenses allows investors to better compare our recurring core business results of operations and those of other companies. Loss on decommissioned satellites and other assets write-offs. Spire excludes these charges because they represent the accelerated write-off of assets that would otherwise be accounted for as depreciation and would be excluded as part of our EBITDA calculation. Other unusual and infrequent costs. Spire excludes these items because they are not reflective of its ongoing operating results. Examples include certain legal, accounting, and other professional fees associated with matters such as the Maritime Transaction, the SEC subpoena received in July 2025, and a Space Services customer dispute and liquidated damages associated with the 2025 Private Placement. Other acquisition accounting amortization. Spire excludes non-cash amortization of purchased data rights and certain purchased technologies as these expenses are the result of acquisition accounting and are not indicative of its core operating performance. Our additional non-GAAP measures include: Free Cash Flow. Spire defines free cash flow as net cash provided by/used in operating activities less purchases of property and equipment. EBITDA. Spire defines EBITDA as net income (loss), plus depreciation and amortization expense, plus interest expense, and plus the provision for (or minus benefit from) income taxes. Adjusted EBITDA. Spire defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, further adjusted for any gain on sale of a business, loss on extinguishment of debt, change in fair value of contingent earnout liability, change in fair value of warrant liabilities, issuance of stock warrants, foreign exchange (gain) loss, other (income) expense, net, stock-based compensation, mergers and acquisition related expenses, loss on decommissioned satellites and other assets write-offs, other unusual and infrequent costs, and other acquisition accounting amortization. Spire believes Adjusted EBITDA can be useful in providing an understanding of the underlying results of operations and trends, an enhanced overall understanding of our financial performance and prospects for the future. While Adjusted EBITDA is not a recognized measure under GAAP, management uses this financial measure to evaluate and forecast business performance. Adjusted EBITDA is not intended to be a measure of liquidity or cash flows from operations or a measure comparable to net loss as it does not take into account certain requirements, such as capital expenditures and related depreciation, interest payments, tax benefits, stock-based compensation, other unusual and infrequent costs, and other acquisition accounting amortization. Adjusted EBITDA is not a presentation made in accordance with GAAP, and Spire’s use of the term Adjusted EBITDA may vary from the use of similarly titled measures by others in our industry due to the potential inconsistencies in the method of calculation and differences due to items subject to interpretation. Additional non-GAAP measures utilized by Spire incorporate the adjustments described in the reconciliation tables below. Conference Call Spire will webcast a conference call to discuss the results at 5:00 p.m. Eastern Time today. The webcast will be available on Spire’s Investor Relations website at ir.spire.com. A replay of the call will be available on the site for six months. Safe Harbor Statement This press release contains forward-looking statements, including information about management's view of Spire’s future financial results and guidance, expectations, plans and prospects, including our views regarding future execution within our business, and the opportunity we see in our industry, within the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Spire to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents Spire files with the SEC, including but not limited to, Spire’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as subsequent reports filed with the SEC. Other unknown or unpredictable factors also could have material adverse effects on Spire’s future results. The forward-looking statements included in this presentation are made only as of the date hereof. Spire cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Spire expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. About Spire Global, Inc. Spire (NYSE: SPIR) is a global provider of satellite data, analytics and intelligence, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com.   CONSOLIDATED STATEMENTS OF OPERATIONS       Three Months Ended March 31, (In thousands, except share and per share amounts)     2026       2025     (Unaudited) Revenue   $ 15,834     $ 23,876   Cost of revenue     9,529       15,164   Gross profit     6,305       8,712   Operating expenses:         Research and development     8,699       8,659   Sales and marketing     3,146       5,531   General and administrative     18,126       17,650   Loss on decommissioned satellites and other assets write-offs     909       5,160   Total operating expenses     30,880       37,000   Loss from operations     (24,575 )     (28,288 ) Other (expense) income:         Interest income     474       20   Interest expense     —       (5,730 ) Change in fair value of contingent earnout liability     —       1,038   Change in fair value of warrant liabilities     (120 )     5,837   Foreign exchange (loss) gain     (1,628 )     3,826   Other income (expense), net     61       (224 ) Total other (expense) income, net     (1,213 )     4,767   Loss before income taxes     (25,788 )     (23,521 ) Income tax provision (benefit)     55       (6 ) Net loss   $ (25,843 )   $ (23,515 ) Basic and diluted net loss per share   $ (0.78 )   $ (0.88 ) Weighted-average shares used in computing basic and diluted net loss per share     33,269,650       26,787,097     CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS       Three Months Ended March 31, (In thousands)     2026       2025     (Unaudited) Net loss   $ (25,843 )   $ (23,515 ) Other comprehensive loss:         Foreign currency translation adjustments     166       (2,675 ) Net unrealized loss on investments (net of tax)     (30 )     —   Comprehensive loss   $ (25,707 )   $ (26,190 )   CONSOLIDATED BALANCE SHEETS       March 31,   December 31, (In thousands)     2026       2025       (Unaudited)   (Audited) Assets         Current assets         Cash and cash equivalents   $ 16,048     $ 24,813   Marketable securities     33,409       56,969   Accounts receivable, net     7,040       4,178   Contract assets     1,929       1,778   Other current assets     6,003       6,036   Total current assets     64,429       93,774   Property and equipment, net     83,969       80,806   Operating lease right-of-use assets     9,740       10,798   Goodwill     15,193       15,450   Intangible assets, net     8,547       9,079   Other long-term assets, including restricted cash     978       1,085   Total assets   $ 182,856     $ 210,992   Liabilities and Stockholders’ Equity         Current liabilities         Accounts payable   $ 15,967     $ 14,866   Contract liabilities, current portion     35,992       35,160   Other accrued expenses     16,562       22,266   Total current liabilities     68,521       72,292   Contract liabilities, non-current     12,435       14,207   Warrant liability     226       106   Operating lease liabilities, net of current portion     7,834       8,755   Other long-term liabilities     2,634       2,704   Total liabilities     91,650       98,064   Commitments and contingencies         Stockholders’ equity         Common stock     4       3   Additional paid-in capital     609,684       605,700   Accumulated other comprehensive loss     (5,299 )     (5,435 ) Accumulated deficit     (513,183 )     (487,340 ) Total stockholders’ equity     91,206       112,928   Total liabilities and stockholders’ equity   $ 182,856     $ 210,992     CONSOLIDATED STATEMENTS OF CASH FLOWS       Three Months Ended March 31, (In thousands)     2026       2025       (Unaudited) Cash flows from operating activities         Net loss   $ (25,843 )   $ (23,515 ) Adjustments to reconcile net loss to net cash used in operating activities:         Depreciation and amortization     3,018       4,413   Stock-based compensation     3,963       4,905   Amortization of operating lease right-of-use assets     799       746   Change in fair value of warrant liabilities     120       (5,837 ) Change in fair value of contingent earnout liability     —       (1,038 ) Loss on decommissioned satellites and disposal of assets     909       5,160   Other, net     (521 )     1,629   Changes in operating assets and liabilities:         Accounts receivable, net     (2,916 )     2,584   Contract assets     (258 )     (1,619 ) Other current assets     66       (188 ) Other long-term assets     103       451   Accounts payable     1,203       (3,819 ) Contract liabilities     (628 )     1,958   Other accrued expenses     (4,885 )     6,328   Operating lease liabilities     (1,341 )     (579 ) Other long-term liabilities     —       (8 ) Net cash used in operating activities     (26,211 )     (8,429 ) Cash flows from investing activities         Maturities of short-term investments     23,972       —   Purchase of property and equipment     (7,972 )     (8,901 ) Net cash provided by (used in) investing activities     16,000       (8,901 ) Cash flows from financing activities         Proceeds from Securities Purchase Agreements, net     —       37,297   Proceeds from exercise of stock options     21       640   Net cash provided by financing activities     21       37,937   Effect of foreign currency translation on cash, cash equivalents and restricted cash     1,412       (3,828 ) Net (decrease) increase in cash, cash equivalents and restricted cash     (8,778 )     16,779   Cash, cash equivalents and restricted cash         Beginning balance     25,392       19,684   Ending balance   $ 16,614     $ 36,463     GAAP to Non-GAAP Reconciliations       Three Months Ended March 31, (In thousands)     2026       2025     (Unaudited) Gross profit (GAAP)   $ 6,305     $ 8,712   Adjustments:         Exclude stock-based compensation     116       113   Exclude amortization of purchased intangibles     389       375   Exclude other acquisition accounting amortization     -       165   Exclude other unusual and infrequent costs     156       -   Gross profit (Non-GAAP)   $ 6,966     $ 9,365             Research and development (GAAP)   $ 8,699     $ 8,659   Adjustments:         Exclude stock-based compensation     (1,268 )     (825 ) Exclude other unusual and infrequent costs     (311 )     -   Research and development (Non-GAAP)   $ 7,120     $ 7,834             Sales and marketing (GAAP)   $ 3,146     $ 5,531   Adjustments:         Exclude stock-based compensation     (321 )     (1,478 ) Exclude other unusual and infrequent costs     (59 )     -   Sales and marketing (Non-GAAP)   $ 2,766     $ 4,053             General and administrative (GAAP)   $ 18,126     $ 17,650   Adjustments:         Exclude stock-based compensation     (2,258 )     (2,489 ) Exclude other unusual and infrequent costs     (5,972 )     (5,737 ) General and administrative (Non-GAAP)   $ 9,896     $ 9,424             Loss from operations (GAAP)   $ (24,575 )   $ (28,288 ) Adjustments:         Exclude stock-based compensation     3,963       4,905   Exclude other unusual and infrequent costs(1)     6,498       5,737   Exclude amortization of purchased intangibles     389       375   Exclude other acquisition accounting amortization     -       165   Exclude loss on decommissioned satellites and other assets write-offs     909       5,160   Loss from operations (Non-GAAP)   $ (12,816 )   $ (11,946 )   (1) Includes (i) restructuring charges of $0.7 million and $0.3 million for the three months ended March 31, 2026 and 2025, respectively, and (ii) legal, accounting, and other professional fees of $5.8 million and $5.4 million for the three months ended March 31, 2026 and 2025, respectively.   GAAP to Non-GAAP Reconciliations (continued)       Three Months Ended March 31, (In thousands, except for percentages, share and per share amounts)   2026   2025   (Unaudited) Gross Margin (GAAP)     40 %     36 % Adjustments:         Exclude stock-based compensation     1 %     0 % Exclude amortization of purchased intangibles     2 %     2 % Exclude other acquisition accounting amortization     0 %     1 % Exclude other unusual and infrequent costs     1 %     0 % Gross Margin (Non-GAAP)     44 %     39 %           Operating Margin (GAAP)     (155 )%     (118 )% Adjustments:         Exclude stock-based compensation     25 %     20 % Exclude other unusual and infrequent costs     41 %     24 % Exclude amortization of purchased intangibles     2 %     2 % Exclude other acquisition accounting amortization     0 %     1 % Exclude loss on decommissioned satellites and other assets write-offs     6 %     21 % Operating Margin (Non-GAAP)     (81 )%     (50 )%           Net loss (GAAP)   $ (25,843 )   $ (23,515 ) Adjustments:         Exclude stock-based compensation     3,963       4,905   Exclude other unusual and infrequent costs(1)     6,498       5,737   Exclude amortization of purchased intangibles     389       375   Exclude other acquisition accounting amortization     -       165   Exclude change in fair value of contingent earnout liability     -       (1,038 ) Exclude change in fair value of warrant liabilities     120       (5,837 ) Exclude foreign exchange loss (gain)     1,628       (3,826 ) Exclude other (income) expense, net     (61 )     224   Exclude loss on decommissioned satellites and other assets write-offs     909       5,160   Net loss (Non-GAAP)   $ (12,397 )   $ (17,650 )           Net loss per share (GAAP)   $ (0.78 )   $ (0.88 ) Adjustments:         Exclude stock-based compensation     0.12       0.18   Exclude other unusual and infrequent costs     0.20       0.21   Exclude amortization of purchased intangibles     0.01       0.01   Exclude other acquisition accounting amortization     -       0.01   Exclude change in fair value of contingent earnout liability     -       (0.03 ) Exclude change in fair value of warrant liabilities     -       (0.22 ) Exclude foreign exchange loss (gain)     0.05       (0.14 ) Exclude other (income) expense, net     -       0.01   Exclude loss on decommissioned satellites and other assets write-offs     0.03       0.19   Net loss per share (Non-GAAP)   $ (0.37 )   $ (0.66 )           Weighted-average shares used in computing basic net loss per share     33,269,650       26,787,097     (1) Includes (i) restructuring charges of $0.7 million and $0.3 million for the three months ended March 31, 2026 and 2025, respectively, and (ii) legal, accounting, and other professional fees of $5.8 million and $5.4 million for the three months ended March 31, 2026 and 2025, respectively.   GAAP to Non-GAAP Reconciliations (continued)       Three Months Ended March 31, (In thousands)     2026       2025     (Unaudited) Net loss (GAAP)   $ (25,843 )   $ (23,515 ) Depreciation and amortization     3,018       4,413   Interest, net     (474 )     5,710   Income tax provision (benefit)     55       (6 ) EBITDA     (23,244 )     (13,398 ) Change in fair value of contingent earnout liability     -       (1,038 ) Change in fair value of warrant liabilities     120       (5,837 ) Foreign exchange loss (gain)     1,628       (3,826 ) Stock-based compensation     3,963       4,905   Other unusual and infrequent costs(1)     6,498       5,737   Loss on decommissioned satellites and other assets write-offs     909       5,160   Other acquisition accounting amortization     -       165   Other (income) expense, net     (61 )     224   Adjusted EBITDA   $ (10,187 )   $ (7,908 )           Net cash used in operating activities   $ (26,211 )   $ (8,429 ) Purchase of property and equipment     (7,972 )     (8,901 ) Free Cash Flow   $ (34,183 )   $ (17,330 )           Revenue   $ 15,834     $ 23,876   Maritime     (1,916 )     (11,610 ) Revenue excluding Maritime   $ 13,918     $ 12,266     (1) Includes (i) restructuring charges of $0.7 million and $0.3 million for the three months ended March 31, 2026 and 2025, respectively, and (ii) legal, accounting, and other professional fees of $5.8 million and $5.4 million for the three months ended March 31, 2026 and 2025, respectively.     Year Ended     Three Months Ended   December 31, 2025     March 31, 2025     December 31, 2025     March 31, 2026   (Unaudited) Total revenue $ 71,553     $ 23,876     $ 15,825     $ 15,834   Year-over-year change                     (34 )% Sequential change                     0 % Maritime revenue $ 20,974     $ 11,610     $ 2,015     $ 1,916   Revenue excluding maritime $ 50,579     $ 12,266     $ 13,810     $ 13,918   Year-over-year change                     13 % Sequential change                     1 %   GAAP to Non-GAAP Reconciliations – Full Year 2026 Financial Outlook   (In thousands, except for percentages, share and per share amounts)   FY 2026 Ranges     Low   High Revenue   $ 75,000     $ 85,000   Maritime revenue     (3,700 )     (3,700 ) Revenue excluding maritime   $ 71,300     $ 81,300                 Low   High Loss from operations (GAAP)   $ (60,200 )   $ (55,000 ) Adjustments:         Exclude stock-based compensation     10,100       10,100   Exclude other unusual and infrequent costs     11,000       11,000   Exclude amortization of purchased intangibles     400       400   Exclude loss on decommissioned satellites and other assets write-offs     900       900   Loss from operations (Non-GAAP)   $ (37,800 )   $ (32,600 )               Low   High Net loss per share (GAAP)   $ (1.55 )   $ (1.41 ) Adjustments:         Exclude stock-based compensation     0.27       0.27   Exclude other unusual and infrequent costs     0.29       0.29   Exclude amortization of purchased intangibles     0.01       0.01   Exclude change in fair value of warrant liabilities     -       -   Exclude foreign exchange loss (gain)     0.04       0.04   Exclude other expense (income), net     (0.01 )     (0.01 ) Exclude loss on decommissioned satellites and other assets write-offs     0.02       0.02   Net loss per share (Non-GAAP)   $ (0.93 )   $ (0.79 ) Weighted-average shares used in computing basic and diluted net loss per share     37,905,000       37,905,000                 Low   High Net loss (GAAP)   $ (58,900 )   $ (53,600 ) Depreciation and amortization     12,000       12,000   Interest, net     (2,500 )     (2,500 ) Income tax provision     100       100   EBITDA   $ (49,300 )   $ (44,000 ) Change in fair value of warrant liabilities     100       100   Foreign exchange loss (gain)     1,600       1,600   Other expense, net     (400 )     (400 ) Stock-based compensation     10,100       10,100   Other unusual and infrequent costs     11,000       11,000   Loss on decommissioned satellites and other assets write-offs     900       900   Adjusted EBITDA   $ (26,000 )   $ (20,700 )   View source version on businesswire.com: https://www.businesswire.com/news/home/20260513937728/en/ For Media:
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Sarah.Freeman@spire.com For Investors:
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Benjamin.Hackman@spire.com Original: Spire Global Announces First Quarter 2026 Results

Laggard here will eventually get found out again

Spire Global Establishes Satellite Manufacturing Facility in Munich to Support Sovereign Space-Based Intelligence CapabilitiesMay 7, 2026 6:45 AM
Business Wire Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of satellite data, analytics and intelligence, today announced it has established a satellite manufacturing facility in Munich, Germany. The new site establishes sovereign, in-country manufacturing of small satellites and strengthens Germany’s ability to deploy and operate space-based intelligence capabilities. The facility will initially host the development of the satellites used for in-orbit demonstration of the EURIALO project. The project is supported by the European Space Agency’s Space Systems for Safety & Security (4S) part of the Advanced Research in Telecommunications Systems (ARTES) Programme. The initiative aims to advance GNSS-independent aircraft geolocation capabilities by leveraging a multi-satellite architecture to detect and process radio frequency emissions directly from aircraft, enabling independent positioning and tracking without reliance on traditional navigation systems, as a major contribution to the future European CNS infrastructure. This approach represents a foundational step toward next-generation radio frequency (RF) geolocation and space-based signal intelligence capabilities. Beyond EURIALO, the facility aims to provide the industrial foundation for rapidly deployable satellite missions aligned with evolving national security requirements. Designed for end-to-end satellite manufacturing, including integration, testing, and mission-specific payload development—the site features an ISO-certified clean room and vertically integrated infrastructure, with the capacity to produce up to 100 satellites per year. Spire’s Munich presence reflects its commitment to strengthening Europe’s technological sovereignty. As demand for sovereign space capabilities accelerates, the facility positions Spire to support Germany’s domestic space infrastructure while addressing critical gaps in space-based intelligence, including capabilities relevant to the Bundeswehr (German Armed Forces) such as space reconnaissance and RF geolocation and monitoring. “The opening of our Munich facility marks an important step in strengthening sovereign space capabilities in Germany,” said Theresa Condor, CEO of Spire Global. “By combining satellite manufacturing with Spire’s proven RF geolocation capabilities, we are enabling a new class of responsive space-based intelligence systems that can be integrated into national and European security frameworks while expanding our industrial footprint to support the growing demand for space-based intelligence solutions.” About Spire Global, Inc. Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com. About ESA’s Space Systems for Safety & Security (4S) programme The European Space Agency (ESA) is Europe's gateway to space, mobilising and coordinating financial and intellectual resources of its Member States to conduct space programmes and activities. The Space Systems for Safety & Security (4S) strategic programme is part of the ESA Advanced Research in Telecommunications Systems (ARTES). It develops innovative secure satellite communication systems, integrating them with terrestrial networks where relevant. These systems aim to enhance the safety, resilience, and security of our critical infrastructures and applications, including transportation across land, air and sea. The 4S programme aims to support European and national institutions and public bodies in building satellite communications tailored to their needs, while also maintaining Europe’s position at the forefront of the global secure communications market. By fostering growth in this domain, the initiative contributes to creating a safer and more resilient society in Europe and beyond. Learn more at https://connectivity.esa.int/artes-4-0-programme-overview/safety-security Forward-Looking Statements This press release contains forward-looking statements, including information regarding management’s view of Spire’s future expectations, plans and prospects, including our views regarding future execution within our business, and the opportunity we see in our industry, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Spire to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents Spire files with the Securities and Exchange Commission, including but not limited to, Spire’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on Spire’s future results. The forward-looking statements included in this press release are made only as of the date hereof. Spire cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Spire expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260507398188/en/ For Media:
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Head of Investor Relations
Benjamin.Hackman@spire.com Original: Spire Global Establishes Satellite Manufacturing Facility in Munich to Support Sovereign Space-Based Intelligence Capabilities

Spire Global Schedules First Quarter 2026 Results Conference CallApril 29, 2026 4:05 PM
Business Wire
Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and intelligence, will hold a conference call with investors and analysts on Wednesday, May 13, 2026 at 5:00 p.m. ET to discuss the Company’s first quarter 2026 financial results. The news release announcing the results will be disseminated before the call.


A live webcast of the conference call will be available on Spire Global’s Investor Relations website at ir.spire.com. The toll-free dial-in number for the live audio call is 877-841-2968. The conference ID for the call is 13760329. A replay of the webcast will be available for six months at ir.spire.com.


About Spire Global, Inc.


Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations, and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg, and Germany. To learn more, visit www.spire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260429578839/en/
For Media:

Sarah Freeman

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Sarah.Freeman@spire.com


For Investors:

Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com


Original: Spire Global Schedules First Quarter 2026 Results Conference Call

Spire Global Selected by Precursor SPC to Support Hypersonic TrackingApril 20, 2026 6:45 AM
Business Wire

GNSS radio occultation data to enable assured attribution and continuous, real-time hypersonic tracking across all phases of flight as a complementary missile defense layer



Spire RO profiles used by Precursor SPC for real-time ionospheric nowcasting during Artemis II launch and re-entry



Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of satellite data, analytics and intelligence, announced it has been selected by Precursor SPC, a provider of real-time space domain awareness and environmental intelligence, to provide GNSS radio occultation (RO) profiles in support of hypersonic tracking.


Under the agreement, Precursor SPC will integrate Spire’s RO profiles into its AI/ML-driven ionospheric nowcasting system to enable assured attribution and continuous, real-time hypersonic tracking across all phases of flight.


A Critical Layer for Missile Defense


Hypersonic vehicles operate at extreme speeds and altitudes, where rapidly changing atmospheric and ionospheric conditions can impact tracking, communications, and overall mission performance. Traditional sensing systems, including radar and infrared, are not designed to fully characterize these environmental effects in real time.


“The complexity of hypersonic threats demands that we move beyond static models and embrace real-time, environmental intelligence,” said Quintin Jones, Head of North America and VP, Spire Global. “By providing a persistent layer of ‘invisible intelligence’ from our constellation, we are proud to work with partners like Precursor SPC turn atmospheric volatility from a tactical blind spot into a strategic advantage.”


Precursor’s platform uses AI/ML fusion to combine GNSS, ionosondes, RO, and other data sources to generate continuous, real-time ionospheric nowcasts. These nowcasts provide critical insight into environmental conditions that can shift in seconds and directly impact operational decision-making.


“Our partnership with Spire represents a significant step toward delivering a next-generation capability for hypersonic tracking,” said Clive Cook, CEO of Precursor SPC. “By integrating Spire’s RO data with our real-time nowcasting platform, we are addressing a critical gap in today’s operational environment to support more accurate tracking and the evolving needs of the warfighter.”


Spire’s RO profiles deliver precise measurements of atmospheric density and ionospheric conditions at a global scale. The Company has the capacity to produce up to 20,000 RO profiles per day, enabling high-frequency monitoring of the environmental variables that influence hypersonic trajectories and long-range communications.


Artemis II Launch and Re-Entry


Recently, Spire and Precursor delivered a real-time ionospheric nowcast during the Artemis II mission—the first crewed flight to orbit the Moon in more than half a century—spanning both launch and re-entry. Leveraging Spire’s RO profiles, Precursor monitored environmental conditions as they evolved in near real time, providing insight into electron density changes, RF degradation, and other dynamic factors that impact tracking and communications during the most critical phase of flight.


About Spire Global, Inc.


Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260420368029/en/
For Media:

Sarah Freeman

Senior Communications Manager

Sarah.Freeman@spire.com


For Investors:

Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com


Original: Spire Global Selected by Precursor SPC to Support Hypersonic Tracking

yep agreed the deal did spook people, they panic sold.

..beat me to it, not afraid.. holding ...

..GSAT deal and SpaceX ipo scaring some peeps? idk..gl...

profit taking in the space sector imo, also due to amzn

..added Spir Lunr Asts Pl Fly..all crashing today... idk?

trying for 23's chomp chomp

21's :) took some of the table riding the rest

20's :) got the juice

19's up looking much better and held up well after the offerign

been watching for entry holding up well after the drop pre market

Took some profits..doubled down 20% lower!.. SPIR$...

..SPIR leading the winners list today, gl...

Spire Advances Agriculture Intelligence with Integrated Soil Moisture Data and Weather ForecastsApril 7, 2026 6:45 AM
Business Wire
Satellite-derived solution combines 40 years of historical data with near real-time observations and AI-driven forecasts to support climate-resilient agriculture at global scale


Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics and intelligence, announced its expanded agriculture intelligence offering with integrated soil moisture data and weather forecasting capabilities. The solution delivers a continuous “past-present-future” soil moisture and weather intelligence framework, integrating more than 40 years of historical records with daily satellite observations, site-specific forecasts extending up to 45 days, and AI-driven sub-seasonal guidance.


Agriculture remains one of the most climate-exposed industries globally, yet soil moisture and weather intelligence remain fragmented, sensor-dependent, and limited in spatial coverage. As droughts, floods, and shifting seasonal patterns intensify, scalable environmental visibility is becoming critical to crop performance, capital allocation, and risk management.


Leveraging its proprietary Global Navigation Satellite System (GNSS) radio occultation and reflectometry data, the integrated solution provides:



Plant Water Availability Insights: Near real-time global soil moisture observations and anomaly detection that identify early signs of crop stress, up to a week before visible canopy damage, supporting more efficient irrigation and water management.



Predictive Outlooks: Site-specific soil moisture and weather forecasts extending up to 45 days, enabling improved irrigation scheduling, input timing, and longer-term risk mitigation.



AI-Driven Seasonal Guidance: High-resolution and AI-based sub-seasonal forecasts that provide extended visibility into shifting weather and soil conditions up to six weeks ahead, helping optimize planting and harvest timing.



Spire’s integrated solution enables earlier detection of crop stress, more efficient irrigation and input timing, and improved crop and yield modeling. Delivered via API, it allows digital farming platforms, insurers, agribusinesses, and government agencies to embed environmental intelligence directly into operational workflows—reducing reliance on hardware-based sensors and enabling scalable deployment across global agricultural portfolios.


“Climate volatility is increasing agricultural and economic risk, while much of the environmental data infrastructure supporting the industry remains fragmented and hardware-dependent,” said Shawn Mechelke, General Manager, Weather, Climate and Aviation at Spire. “Timely, globally consistent insight is essential for modern agronomic decision-making. By integrating satellite-derived soil moisture insights with advanced forecasting, we enable earlier intervention, more efficient resource use, and stronger operational resilience across global agricultural systems.”


Learn more about Spire’s global, satellite-derived soil moisture data and forecasts for agriculture.


About Spire Global, Inc.


Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260407683227/en/
For Media:

Sarah Freeman

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Sarah.Freeman@spire.com


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Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com


Original: Spire Advances Agriculture Intelligence with Integrated Soil Moisture Data and Weather Forecasts

Spire Global Launches Satellite to Advance Measurement of Earth’s Magnetic Field in Support of MagQuest ChallengeApril 1, 2026 6:45 AM
Business Wire
Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and intelligence, has successfully launched a satellite as part of the MagQuest Challenge, a prize challenge through the National Geospatial-Intelligence Agency (NGA) to advance how Earth’s magnetic field is measured, with multi-million-dollar prize awards. The satellite launched aboard SpaceX’s Transporter 16 mission.


The mission combines Spire's vertically integrated satellite infrastructure with SBQuantum's first-of-its-kind diamond quantum magnetometer system to provide a novel, commercial approach to geomagnetic data collection and demonstrate diamond-powered geomagnetic data collections from low Earth orbit (LEO).


MagQuest is a multi-phase open innovation challenge designed to evaluate new ideas to increase the efficiency, reliability, and sustainability of geomagnetic data for the WMM, the NGA’s representation of the Earth’s magnetic field. The WMM is currently used in essential public and military systems, including mobile navigation applications, surveying tools, antennas, solar panels, and GPS.


“Reliable positioning, navigation, and timing is a growing priority, particularly in GPS-degraded environments,” said Quintin Jones, Vice President and Head of North America at Spire Global. “Through the MagQuest challenge, we’re demonstrating how commercial satellite infrastructure can support new approaches to geomagnetic data collection and help advance technologies used by millions every day.”


“The launch of our diamond quantum magnetometer into orbit represents a major milestone for SBQuantum and for the future of global navigation on land, air and sea. We thank the NGA for the opportunity to demonstrate what the device can do in the extreme conditions of space,” said David Roy-Guay, Founder of SBQuantum. “With the help of our partners at Spire, our device will relay continuous monitoring of the Earth’s magnetic field down from space, providing crucial data to power the World Magnetic Model and all electronic compasses, including those found in smartphones."


Spire and SBQuantum will demonstrate operations of the satellite system and provide data to NOAA’s National Centers for Environmental Information and NASA’s Goddard Space Flight Center for assessment. There may be an opportunity for additional funding at the end of the challenge to sustain operations and data provisions beyond the three-year period. The results of MagQuest will inform NGA’s acquisition strategy for a WMM global magnetic field data collection capability.


About Spire Global, Inc.


Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260401753284/en/
For Media:

Sarah Freeman

Senior Communications Manager

Sarah.Freeman@spire.com


For Investors:

Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com


Original: Spire Global Launches Satellite to Advance Measurement of Earth’s Magnetic Field in Support of MagQuest Challenge

Spire Global Successfully Launches Ten Satellites on SpaceX’s Transporter-16 MissionMarch 30, 2026 4:45 PM
Business Wire
Mission includes satellite supporting Spire’s participation in the NGA-led MagQuest challenge and a satellite for OISL


Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and intelligence, has successful launched ten satellites aboard SpaceX’s Transporter-16. The satellites were integrated by Germany’s launch integrator Exolaunch.


The mission included a satellite supporting Spire’s participation in the MagQuest challenge, an NGA-led initiative to advance measurement of Earth’s magnetic field. The satellite carries a first-of-its-kind diamond quantum magnetometer system developed by SBQuantum, designed to provide high-accuracy geomagnetic data for the World Magnetic Model (WMM). Following the launch, Spire will provide data to NOAA’s National Centers for Environmental Information and NASA’s Goddard Space Flight Center for assessment.


Advancing In-Orbit Laser Communications


The launch also included Spire’s seventh Optical Inter-Satellite Link (OISL) satellite, marking a further development in the Company’s capabilities for direct optical communication between satellites. This technology enables satellites to communicate directly in orbit using laser links, facilitating faster, more secure data delivery and reducing reliance on ground station proximity. The project is supported by the European Space Agency (ESA) and the UK Space Agency (UKSA) under the Pioneer Partnership Projects.


Expanding Commercial Space Services


Onboard the launch, Spire-built satellites served missions across Earth observation and IoT connectivity:



HANCOM InSpace: Spire launched Sejong-3, a satellite developed in collaboration with HANCOM InSpace to support satellite data applications. This launch follows the successful deployment of Sejong-1 — South Korea’s first private commercial satellite — and Sejong-2, further strengthening HANCOM InSpace’s expansion of space-based data services.



Myriota: Four satellites were launched, expanding the IoT provider’s constellation and global space infrastructure to enable more scalable and reliable IoT connectivity for smart devices worldwide. The four satellites aim to deliver an uplift in performance and resilience across Myriota’s IoT network.



The mission also included two satellites for a Spire Space Services customer to support space data capabilities for commercial and government clients and one constellation replenishment satellite equipped with ADS-B technology, enhancing global tracking of aircraft for Spire’s aviation data services.


About Spire Global, Inc.


Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260330938618/en/
For Media:

Sarah Freeman

Senior Communications Manager

Sarah.Freeman@spire.com


For Investors:

Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com


Original: Spire Global Successfully Launches Ten Satellites on SpaceX’s Transporter-16 Mission

Spire Global Demonstrates Single-Satellite RF Geolocation CapabilityMarch 24, 2026 6:45 AM
Business Wire
On-orbit demonstration successfully identifies and geolocates S- and X-band radio frequency signal sources


Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of space-based data, analytics and intelligence, has successfully demonstrated single-satellite radio frequency (RF) geolocation techniques on orbit, including the detection and geolocation of S-band and X-band radio frequency signals.


Traditionally, RF geolocation relies on multiple satellites operating together to determine the origin of a signal. Spire’s single-satellite RF geolocation capability expands the company’s RF sensing capabilities by enabling the identification and geolocation of higher-frequency emitters, including S- and X-band signals, using sensors onboard a single satellite.


The satellite launched in late 2025 aboard SpaceX’s Bandwagon-4 mission and was co-funded by the Government of Luxembourg through an ESA Contract in the Luxembourg National Space Programme, LuxIMPULSE, managed by the Luxembourg Space Agency.


“Understanding activity across the radio frequency spectrum is increasingly critical for modern defense and security operations,” said Theresa Condor, Chief Executive Officer of Spire Global. “By successfully detecting and geolocating higher-frequency emitters such as S- and X-band signals — commonly used by radar and sensing systems critical to defense and national security missions — and demonstrating single-satellite RF geolocation, we are strengthening Spire’s ability to deliver RF intelligence supporting defense and national security missions worldwide.”


“Single-satellite RF geolocation allows us to expand the range of signals we can detect from space while improving the efficiency of how those capabilities are deployed,” said Gabriel Oehme, Chief Technology Officer at Spire Global. “By leveraging Spire’s vertically integrated satellite platform, we can rapidly test, deploy, and scale new sensing technologies across our constellation. Demonstrating this capability for higher-frequency emitters such as S- and X-band signals represents an important step in expanding Spire’s RF intelligence capabilities.”


Through its defense-grade, space-based RF intelligence platform, Spire enables customers to detect and act on critical signal activity anywhere on Earth. Spire’s RF geolocation capabilities now span multiple bands across the RF spectrum, including VHF, UHF, GNSS L-band, S-band, and X-band, providing precise emitter latitude and longitude locations along with associated signal characteristics. These data products are designed to integrate seamlessly into existing geospatial intelligence (GEOINT) workflows, enabling enhanced monitoring, analysis, and decision-making.


Learn more about Spire’s RF detection and geolocation.


About Spire Global, Inc.


Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260324840673/en/
For Media:

Sarah Freeman

Senior Communications Manager

Sarah.Freeman@spire.com


For Investors:

Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com


Original: Spire Global Demonstrates Single-Satellite RF Geolocation Capability

Spire Global Announces Fourth Quarter and Full Year 2025 ResultsMarch 18, 2026 7:30 AM
Business Wire

Fourth quarter 2025 revenue was $15.8 million, down 27% year-over-year, and up 44% excluding the maritime business(1); Sequentially, revenue increased 25%, or 36% excluding the maritime business(1)




Net loss of $25.1 million and adjusted EBITDA(1) of ($9.7) million in fourth quarter 2025 reflects a 49% year-over-year improvement in net loss and 8% year-over-year improvement in adjusted EBITDA(1)




Cash flows used in operations of $4.3 million for fourth quarter 2025 reflects a 78% year-over-year improvement



Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics and intelligence, announced results for its quarter and year ended December 31, 2025. The Company will hold a webcast at 8:30 a.m. ET today to discuss the results.


“In the fourth quarter, Spire delivered both year-over-year and sequential top-line growth, reinforcing our optimistic outlook for the coming years,” said Theresa Condor, Spire CEO. “This performance is rooted in a global reality: space is now recognized as critical infrastructure for national security. At Spire, we bring a level of operational experience that few can match in a market that favors companies capable of delivering the security and safety capabilities needed today.”


Fourth Quarter and Full Year 2025 Highlights


Financial:



Fourth quarter 2025 GAAP revenue was $15.8 million, reflecting a 27% year-over-year decrease primarily associated with selling the maritime business at the end of April 2025. Excluding the maritime business, revenue increased 44% on a year-over-year basis. On a sequential basis, GAAP revenue increased 25% for the fourth quarter, and revenue excluding the maritime business increased 36%. Fourth-quarter increases on a sequential basis were primarily driven by higher radio occultation and ocean winds data sales under National Oceanic and Atmospheric Administration (NOAA) awards, along with increased revenue recognition from space services. For the full year 2025, total revenue was $71.6 million. The fourth quarter and full year 2025 revenue results met the mid-point of Spire’s financial outlook for those time periods.


Fourth quarter 2025 GAAP gross margin improved 8 percentage points year-over-year to 41%, and non-GAAP gross margin1 increased 5 percentage points year-over-year to 43%. Fourth quarter 2025 GAAP and non-GAAP gross margin improvement over fourth quarter 2024 reflects the impact of greater operating leverage across headcount and infrastructure costs.


Fourth quarter 2025 net loss was $25.1 million, a 49% improvement year-over-year, and adjusted EBITDA(1) was ($9.7) million, an 8% improvement year over year. Fourth quarter 2025 net loss improved year-over-year primarily driven by changes in foreign exchange, the fair value of warrant liabilities and other unusual and infrequent costs. Adjusted EBITDA improved year-over-year due to greater operating leverage across headcount and infrastructure costs. Adjusted EBITDA for the fourth quarter was better than the high end of Spire’s financial outlook for those periods.


Fourth quarter 2025 cash flow used in operations was $4.3 million, which was a 78% improvement year-over-year. Cash usage in the quarter reflected revenue timing effects, working-capital dynamics related to satellite manufacturing, and elevated legal and professional fees. Cash, cash equivalents, and marketable securities as of December 31, 2025 were $81.8 million. Spire continues to maintain a debt-free balance sheet.





1 Non-GAAP Financial Measure, please see section titled Non-GAAP Financial Measures for the definition of such measures and the reconciliation tables at the end of this release for reconciliation to the most directly comparable GAAP measure.







Business:



During the fourth quarter, Spire launched 12 satellites across 2 missions and shipped 9 satellites for a launch that was successfully completed in January 2026. The 21 satellites launched contained a number of different capabilities, including payloads to: begin collecting S and X-band signals to support its space reconnaissance operations, leveraging a single satellite and its small form-factor to geolocate targets and deliver insights that traditionally require larger platforms or multiple satellites; strengthen Spire’s dual use constellation and increase data capacity of high-quality atmospheric and radio-frequency data for global weather, climate, and commercial intelligence; monitor greenhouse gas emissions and support IoT applications for space services customers; and collect hyperspectral microwave sounding data via a demonstrator satellite, which is designed to advance global weather forecasting and unlock new revenue opportunities for the company.


Spire was awarded a contract for the Missile Defense Agency Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite-delivery/indefinite-quantity (IDIQ) contract with a shared ceiling of $151B. This contract encompasses a broad range of work areas that allows for the rapid delivery of innovative capabilities to the warfighter with increased speed and agility. Spire’s fully deployed constellation and expanding multi-band RF capabilities are delivering the kind of timely, actionable intelligence that today’s defense missions demand.


Spire announced it was selected by AiDASH to provide advanced weather intelligence and data that enhances AiDASH’s integrated solution for securing the modern electric grid from vegetation and weather-driven risk. Designed to enhance grid resilience and situational awareness for electric utilities, AiDASH has integrated Spire’s high-resolution weather forecasts, powered by Spire’s fully deployed satellite constellation, into its AI-driven vegetation and outage prediction tools and deployed to North American utilities’ control centers. By combining Spire’s advanced weather forecasting capabilities with AiDASH’s vegetation risk models, the integration creates a comprehensive, real-time view of weather-driven grid risk, enabling utilities to better anticipate outages, prevent wildfire ignition, and optimize response operations.



Financial Outlook


In 2025, Spire recognized revenue of $21.0 million for its maritime business. The majority of the maritime business was divested in April 2025. Spire is providing 2026 revenue, excluding maritime revenue, for comparative purposes. Based on the midpoint of its 2026 guidance, Spire expects 2026 revenue, excluding maritime revenue, to grow at over 50% from 2025. Spire is providing the following guidance for the first quarter 2026 and full year ending December 31, 2026:




 






Q1'26 Ranges






 






FY'26 Ranges








(in millions, except percentages and per share amounts)






Low







High






 






Low







High








Revenue






$






14.5






 







$






15.5






 






 






$






75.0






 







$






85.0






 








Maritime revenue






$






1.7






 







$






1.7






 






 






$






3.7






 







$






3.7






 








Revenue excluding maritime






$






12.8






 







$






13.8






 






 






$






71.3






 







$






81.3






 








Revenue excluding maritime Y/Y change






 






4






%







 






12






%






 






 






41






%







 






61






%








Non-GAAP operating loss






$






(14.5






)







$






(14.1






)






 






$






(37.8






)







$






(32.6






)








Adjusted EBITDA






$






(11.5






)







$






(11.2






)






 






$






(26.0






)







$






(20.7






)








Non-GAAP loss per share






$






(0.44






)







$






(0.43






)






 






$






(1.11






)







$






(0.96






)








Basic weighted average shares






 






33.1






 







 






33.1






 






 






 






33.9






 







 






33.9






 







Non-GAAP operating loss, adjusted EBITDA and non-GAAP loss per share included in the table above are non-GAAP measures. Please see the section titled “Non-GAAP Financial Measures” for the definition of such measures. Spire has provided a reconciliation of GAAP to non-GAAP financial measures in the tables included in this press release for its fourth quarter and full year 2024 and 2025, as well as its outlook for such measures for the first quarter and full year 2026.


Non-GAAP Financial Measures


In addition to financial measures prepared in accordance with GAAP, this press release and the accompanying tables contain non-GAAP financial measures, including free cash flow, non-GAAP gross profit, non-GAAP gross margins, non-GAAP research and development, non-GAAP sales and marketing, non-GAAP general and administrative expenses, non-GAAP operating loss/income, non-GAAP operating margin, EBITDA, Adjusted EBITDA, non-GAAP net loss/income, and non-GAAP net loss/income per share. Spire’s management uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to the corresponding GAAP financial measures, in evaluating its ongoing operational performance and trends and in comparing its financial measures with other companies in the same industry, many of which present similar non-GAAP financial measures to help investors understand the operational performance of their businesses. However, it is important to note that the particular items Spire excludes from, or includes in, its non-GAAP financial measures may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry. In addition, other companies may utilize metrics that are not similar to Spire’s. The non-GAAP financial information is presented for supplemental informational purposes only and is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. There are material limitations associated with the use of non-GAAP financial measures since they exclude significant expenses and income that are required by GAAP to be recorded in Spire’s financial statements. Investors should note that the excluded items may have had, and may in the future have, a material impact on our reported financial results. Please see the reconciliation tables at the end of this release for the reconciliation of GAAP and non-GAAP results. Management encourages investors and others to review Spire’s financial information in its entirety and not rely on a single financial measure.


Spire adjusts the following items from one or more of its non-GAAP financial measures:


Gain on sale of a business. Spire excludes this as a material unusual item that does not reflect the ongoing operational results of its business.


Loss on extinguishment of debt. Spire excludes this item because these charges are not indicative of the ongoing servicing of its debt and do not reflect the core operating performance of its business.


Change in fair value of warrant liabilities and contingent earnout liabilities. Spire excludes these non-cash gains and losses because they do not reflect the underlying operating performance of the business.


Issuance of stock warrants. Spire excludes these charges because they are non-cash in nature and do not reflect the underlying operating performance of the business.


Foreign exchange gain/loss. Spire incurs foreign currency gains and losses on foreign currency denominated receivables and payables. As Spire does not hedge these currency exposures, realized and unrealized foreign currency gains and losses result from fluctuations in exchange rates. Since such gains and losses are driven by macroeconomic factors and can vary significantly between periods, Spire believes their exclusion is useful to management and investors in evaluating the performance of its ongoing operations on a period-to-period basis.


Other expense, net. Spire excludes other expense, net because it includes non-operating items and other gains and losses that are not reflective of its core operating performance and may fluctuate between periods, such as debt prepayment penalties, legal settlements, equity investment losses, and gains or losses on asset disposals.


Stock-based compensation. Spire excludes these expenses primarily because they are non-cash charges used when we assess operating expenses and budgeting. Moreover, because of varying valuation methodologies and the award types under ASC Topic 718, Spire believes excluding stock-based compensation expenses allows investors to better compare our recurring core business results of operations and those of other companies.


Loss on decommissioned satellites and other assets write-offs. Spire excludes these charges because they represent the accelerated write-off of assets that would otherwise be accounted for as depreciation and would be excluded as part of our EBITDA calculation.


Other unusual and infrequent costs. Spire excludes these items because they are not reflective of its ongoing operating results. Examples include accounting, legal and other professional fees associated with the financial restatement; and legal fees related to the SEC subpoena received in July 2025 and a Space Services customer dispute, and liquidating damages associated with the Registration Rights Agreement entered into with the purchasers in the 2025 Private Placement.


Other acquisition accounting amortization. Spire excludes non-cash amortization of purchased data rights and certain purchased technologies as these expenses are the result of acquisition accounting and are not indicative of its core operating performance.


Our additional non-GAAP measures include:


Free Cash Flow. Spire defines free cash flow as net cash provided by/used in operating activities less purchases of property and equipment.


EBITDA. Spire defines EBITDA as net income (loss), plus depreciation and amortization expense, plus interest expense, and plus the provision for (or minus benefit from) income taxes.


Adjusted EBITDA. Spire defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, further adjusted for any gain on sale of a business, loss on extinguishment of debt, change in fair value of contingent earnout liability, change in fair value of warrant liabilities, issuance of stock warrants, foreign exchange (gain) loss, other expense, net, stock-based compensation, loss on decommissioned satellites and other assets write-offs, other unusual and infrequent costs, and other acquisition accounting amortization. Spire believes Adjusted EBITDA can be useful in providing an understanding of the underlying results of operations and trends, an enhanced overall understanding of our financial performance and prospects for the future. While Adjusted EBITDA is not a recognized measure under GAAP, management uses this financial measure to evaluate and forecast business performance. Adjusted EBITDA is not intended to be a measure of liquidity or cash flows from operations or a measure comparable to net income (loss) as it does not take into account certain requirements, such as capital expenditures and related depreciation, interest payments, tax benefits, stock-based compensation, other unusual and infrequent costs, and other acquisition accounting amortization. Adjusted EBITDA is not a presentation made in accordance with GAAP, and Spire’s use of the term Adjusted EBITDA may vary from the use of similarly titled measures by others in our industry due to the potential inconsistencies in the method of calculation and differences due to items subject to interpretation.


Additional non-GAAP measures utilized by Spire incorporate the adjustments described in the reconciliation tables below.


Conference Call


Spire will webcast a conference call to discuss the results at 8:30 a.m. Eastern Time today. The webcast will be available on Spire’s Investor Relations website at ir.spire.com. A replay of the call will be available on the site for six months.


Safe Harbor Statement


This press release contains forward-looking statements, including information about management's view of Spire’s future financial results and guidance, expectations, plans and prospects, including our views regarding future execution within our business, and the opportunity we see in our industry, within the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Spire to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents Spire files with the SEC, including but not limited to, Spire’s Annual Report on Form 10-K/A for the year ended December 31, 2024, as well as subsequent reports filed with the SEC. Other unknown or unpredictable factors also could have material adverse effects on Spire’s future results. The forward-looking statements included in this presentation are made only as of the date hereof. Spire cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Spire expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.


About Spire Global, Inc.


Spire (NYSE: SPIR) is a global provider of satellite data, analytics and intelligence, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has offices across the U.S., Canada, UK, Luxembourg and Germany. To learn more, visit spire.com.




CONSOLIDATED STATEMENTS OF OPERATIONS









 











 






 






Three Months Ended December 31,






 






Year Ended December 31,








(In thousands, except share and per share amounts)






 






2025






 






2024






 






2025






 






2024








 






 






(Unaudited)








Revenue






 






$






15,825






 






 






$






21,659






 






 






$






71,553






 






 






$






110,451






 








Cost of revenue






 






 






9,393






 






 






 






14,649






 






 






 






42,390






 






 






 






70,576






 








Gross profit






 






 






6,432






 






 






 






7,010






 






 






 






29,163






 






 






 






39,875






 








Operating expenses:






 






 






 






 






 






 






 






 








Research and development






 






 






8,702






 






 






 






10,052






 






 






 






36,672






 






 






 






29,237






 








Sales and marketing






 






 






2,575






 






 






 






6,755






 






 






 






15,334






 






 






 






22,696






 








General and administrative






 






 






15,411






 






 






 






17,588






 






 






 






64,009






 






 






 






49,744






 








Loss on decommissioned satellites and other assets write-offs






 






 






2,859






 






 






 






2,494






 






 






 






9,129






 






 






 






3,447






 








Allowance for current expected credit loss on notes receivable






 






 






—






 






 






 






1,337






 






 






 






—






 






 






 






4,026






 








Total operating expenses






 






 






29,547






 






 






 






38,226






 






 






 






125,144






 






 






 






109,150






 








Loss from operations






 






 






(23,115






)






 






 






(31,216






)






 






 






(95,981






)






 






 






(69,275






)








Other income (expense):






 






 






 






 






 






 






 






 








Interest income






 






 






755






 






 






 






115






 






 






 






2,436






 






 






 






1,547






 








Interest expense






 






 






—






 






 






 






(5,704






)






 






 






(7,418






)






 






 






(20,358






)








Gain on sale of a business






 






 






—






 






 






 






—






 






 






 






154,305






 






 






 






—






 








Loss on extinguishment of debt






 






 






—






 






 






 






—






 






 






 






(12,008






)






 






 






—






 








Change in fair value of contingent earnout liability






 






 






27






 






 






 






(518






)






 






 






1,455






 






 






 






(1,235






)








Change in fair value of warrant liabilities






 






 






95






 






 






 






(4,145






)






 






 






3,193






 






 






 






(5,254






)








Issuance of stock warrants






 






 






—






 






 






 






—






 






 






 






—






 






 






 






(2,399






)








Foreign exchange (loss) gain






 






 






(191






)






 






 






(6,887






)






 






 






10,583






 






 






 






(4,314






)








Other expense, net






 






 






(847






)






 






 






(371






)






 






 






(1,649






)






 






 






(1,912






)








Total other (expense) income, net






 






 






(161






)






 






 






(17,510






)






 






 






150,897






 






 






 






(33,925






)








(Loss) income before income taxes






 






 






(23,276






)






 






 






(48,726






)






 






 






54,916






 






 






 






(103,200






)








Income tax provision






 






 






1,818






 






 






 






57






 






 






 






3,611






 






 






 






159






 








Net (loss) income






 






$






(25,094






)






 






$






(48,783






)






 






$






51,305






 






 






$






(103,359






)








Income (loss) per share:






 






 






 






 






 






 






 






 








Basic






 






$






(0.76






)






 






$






(1.92






)






 






$






1.66






 






 






$






(4.28






)








Diluted






 






$






(0.76






)






 






$






(1.92






)






 






$






1.49






 






 






$






(4.28






)








Shares used in computing (loss) income per share:






 






 






 






 






 






 






 






 








Basic






 






 






32,870,016






 






 






 






25,395,020






 






 






 






30,910,259






 






 






 






24,159,770






 








Diluted






 






 






32,870,016






 






 






 






25,395,020






 






 






 






31,950,850






 






 






 






24,159,770






 












CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS











 



 






 






Three Months Ended December

31,






 






Year Ended December 31,








(In thousands)






 






2025






 






2024






 






2025






 






2024








 






 






(Unaudited)








Net (loss) income






 






$






(25,094






)






 






$






(48,783






)






 






$






51,305







 






$






(103,359






)








Other comprehensive income (loss):






 






 






 






 






 






 







 






 








Foreign currency translation adjustments






 






 






777






 






 






 






(938






)






 






 






4,303







 






 






(5,213






)








Net unrealized gain (loss) on investments

(net of tax)






 






 






4






 






 






 






—






 






 






 






32







 






 






(1






)








Comprehensive (loss) income






 






$






(24,313






)






 






$






(49,721






)






 






$






55,640







 






$






(108,573






)










 



CONSOLIDATED BALANCE SHEETS









 



 






 






December 31,








(In thousands)






 






2025






 






2024








 






 






(Unaudited)








Assets






 






 






 






 








Current assets






 






 






 






 








Cash and cash equivalents






 






$






24,813






 






 






$






19,206






 








Marketable securities






 






 






56,969






 






 






 






—






 








Accounts receivable, net






 






 






4,178






 






 






 






11,926






 








Contract assets






 






 






1,778






 






 






 






785






 








Other current assets






 






 






6,036






 






 






 






3,278






 








Assets classified as held for sale






 






 






—






 






 






 






56,963






 








Total current assets






 






 






93,774






 






 






 






92,158






 








Property and equipment, net






 






 






80,806






 






 






 






63,338






 








Operating lease right-of-use assets






 






 






10,798






 






 






 






11,074






 








Goodwill






 






 






15,450






 






 






 






14,735






 








Other intangible assets






 






 






9,079






 






 






 






10,161






 








Other long-term assets, including restricted cash






 






 






1,085






 






 






 






2,109






 








Total assets






 






$






210,992






 






 






$






193,575






 








Liabilities and Stockholders’ Equity






 






 






 






 








Current liabilities






 






 






 






 








Accounts payable






 






$






14,866






 






 






$






11,592






 








Long-term debt, current portion






 






 






—






 






 






 






93,936






 








Contract liabilities, current portion






 






 






35,160






 






 






 






22,037






 








Other accrued expenses






 






 






22,266






 






 






 






16,361






 








Liabilities associated with assets classified as held for sale






 






 






—






 






 






 






7,667






 








Total current liabilities






 






 






72,292






 






 






 






151,593






 








Contract liabilities, non-current






 






 






14,207






 






 






 






23,489






 








Warrant liability






 






 






106






 






 






 






13,641






 








Operating lease liabilities, net of current portion






 






 






8,755






 






 






 






9,598






 








Other long-term liabilities






 






 






2,704






 






 






 






6,941






 








Total liabilities






 






 






98,064






 






 






 






205,262






 








Commitments and contingencies






 






 






 






 








Stockholders’ equity






 






 






 






 








Common stock






 






 






3






 






 






 






3






 








Additional paid-in capital






 






 






605,700






 






 






 






536,725






 








Accumulated other comprehensive loss






 






 






(5,435






)






 






 






(9,770






)








Accumulated deficit






 






 






(487,340






)






 






 






(538,645






)








Total stockholders’ equity (deficit)






 






 






112,928






 






 






 






(11,687






)








Total liabilities and stockholders’ equity






 






$






210,992






 






 






$






193,575






 










 



CONSOLIDATED STATEMENTS OF CASH FLOWS









 



 






 






Year Ended December 31,








(In thousands)






 






2025






 






 






2024






 








 






 






(Unaudited)








Cash flows from operating activities






 






 






 






 








Net income (loss)






 






$






51,305






 






 






$






(103,359






)








Adjustments to reconcile net income (loss) to net cash used in operating activities:






 






 






 






 








Depreciation and amortization






 






 






12,405






 






 






 






21,729






 








Stock-based compensation






 






 






18,702






 






 






 






19,990






 








Amortization of operating lease right-of-use assets






 






 






3,084






 






 






 






4,843






 








Change in fair value of warrant liabilities






 






 






(3,193






)






 






 






5,254






 








Change in fair value of contingent earnout liability






 






 






(1,455






)






 






 






1,235






 








Issuance of stock warrants






 






 






—






 






 






 






2,399






 








Loss on decommissioned satellites and disposal of assets






 






 






9,281






 






 






 






4,023






 








Loss on extinguishment of debt






 






 






12,008






 






 






 






—






 








Gain on sale of a business






 






 






(154,305






)






 






 






—






 








Transaction costs on sale of a business






 






 






(23,744






)






 






 






—






 








Other, net






 






 






2,349






 






 






 






4,199






 








Changes in operating assets and liabilities:






 






 






 






 








Accounts receivable, net






 






 






8,915






 






 






 






(5,034






)








Contract assets






 






 






(846






)






 






 






3,119






 








Other current assets






 






 






(2,936






)






 






 






12,445






 








Other long-term assets






 






 






1,361






 






 






 






1,954






 








Accounts payable






 






 






1,607






 






 






 






2,649






 








Contract liabilities






 






 






2,899






 






 






 






2,748






 








Other accrued expenses






 






 






5,117






 






 






 






8,073






 








Operating lease liabilities






 






 






(2,375






)






 






 






(4,720






)








Other long-term liabilities






 






 






(8






)






 






 






—






 








Net cash used in operating activities






 






 






(59,829






)






 






 






(18,453






)








Cash flows from investing activities






 






 






 






 








Purchases of short-term investments






 






 






(120,479






)






 






 






(30,147






)








Maturities of short-term investments






 






 






65,500






 






 






 






42,497






 








Purchase of property and equipment






 






 






(32,776






)






 






 






(26,581






)








Proceeds from sale of a business, net of cash






 






 






238,948






 






 






 






—






 








Net cash provided by (used in) investing activities






 






 






151,193






 






 






 






(14,231






)








Cash flows from financing activities






 






 






 






 








Proceeds from Securities Purchase Agreements, net






 






 






37,297






 






 






 






37,881






 








Payments on long-term debt






 






 






(105,742






)






 






 






(20,113






)








Payments on long-term debt closing fees






 






 






(9,091






)






 






 






—






 








Proceeds from exercise of stock options






 






 






1,827






 






 






 






335






 








Proceeds from employee stock purchase plan






 






 






807






 






 






 






895






 








Net cash (used in) provided by financing activities






 






 






(74,902






)






 






 






18,998






 








Effect of foreign currency translation on cash, cash equivalents and restricted cash






 






 






(10,754






)






 






 






3,737






 








Net increase (decrease) in cash, cash equivalents and restricted cash






 






 






5,708






 






 






 






(9,949






)








Cash, cash equivalents and restricted cash






 






 






 






 








Beginning balance






 






 






19,684






 






 






 






29,633






 








Ending balance






 






$






25,392






 






 






$






19,684






 












 



GAAP to Non-GAAP Reconciliations











 



 






 






Three Months Ended

December 31,






 






Year Ended December 31,








(In thousands)






 






2025






 






2024






 






2025






 






2024








 






 






(Unaudited)








Gross profit (GAAP)






 






$






6,432






 






 






$






7,010






 






 






$






29,163






 






 






$






39,875






 








Adjustments:






 






 






 






 






 






 






 






 








Exclude stock-based compensation






 






 






30






 






 






 






223






 






 






 






284






 






 






 






405






 








Exclude amortization of purchased intangibles






 






 






372






 






 






 






862






 






 






 






1,480






 






 






 






3,463






 








Exclude other acquisition accounting amortization






 






 






-






 






 






 






169






 






 






 






218






 






 






 






675






 








Exclude other unusual and infrequent costs






 






 






33






 






 






 






-






 






 






 






103






 






 






 






-






 








Gross profit (Non-GAAP)






 






$






6,867






 






 






$






8,264






 






 






$






31,248






 






 






$






44,418






 








 






 






 






 






 






 






 






 






 








Research and development (GAAP)






 






$






8,702






 






 






$






10,052






 






 






$






36,672






 






 






$






29,237






 








Adjustments:






 






 






 






 






 






 






 






 








Exclude stock-based compensation






 






 






(804






)






 






 






(1,835






)






 






 






(3,213






)






 






 






(5,243






)








Exclude other unusual and infrequent costs






 






 






-






 






 






 






(12






)






 






 






(501






)






 






 






(23






)








Research and development (Non-GAAP)






 






$






7,898






 






 






$






8,205






 






 






$






32,958






 






 






$






23,971






 








 






 






 






 






 






 






 






 






 








Sales and marketing (GAAP)






 






$






2,575






 






 






$






6,755






 






 






$






15,334






 






 






$






22,696






 








Adjustments:






 






 






 






 






 






 






 






 








Exclude stock-based compensation






 






 






-






 






 






 






(1,681






)






 






 






(2,187






)






 






 






(4,193






)








Exclude other unusual and infrequent costs






 






 






(4






)






 






 






(57






)






 






 






(358






)






 






 






(248






)








Sales and marketing (Non-GAAP)






 






$






2,571






 






 






$






5,017






 






 






$






12,789






 






 






$






18,255






 








 






 






 






 






 






 






 






 






 








General and administrative (GAAP)






 






$






15,411






 






 






$






17,588






 






 






$






64,009






 






 






$






49,744






 








Adjustments:






 






 






 






 






 






 






 






 








Exclude stock-based compensation






 






 






(2,911






)






 






 






(2,869






)






 






 






(13,018






)






 






 






(10,149






)








Exclude other unusual and infrequent costs






 






 






(3,816






)






 






 






(5,903






)






 






 






(14,914






)






 






 






(7,065






)








General and administrative (Non-GAAP)






 






$






8,684






 






 






$






8,816






 






 






$






36,077






 






 






$






32,530






 








 






 






 






 






 






 






 






 






 








Loss from operations (GAAP)






 






$






(23,115






)






 






$






(31,216






)






 






$






(95,981






)






 






$






(69,275






)








Adjustments:






 






 






 






 






 






 






 






 








Exclude stock-based compensation






 






 






3,745






 






 






 






6,608






 






 






 






18,702






 






 






 






19,990






 








Exclude other unusual and infrequent costs






 






 






3,853






 






 






 






5,972






 






 






 






15,876






 






 






 






7,336






 








Exclude amortization of purchased intangibles






 






 






372






 






 






 






862






 






 






 






1,480






 






 






 






3,463






 








Exclude other acquisition accounting amortization






 






 






-






 






 






 






169






 






 






 






218






 






 






 






675






 








Exclude loss on decommissioned satellites and other assets write-offs






 






 






2,859






 






 






 






2,494






 






 






 






9,129






 






 






 






3,447






 








Loss from operations (Non-GAAP)






 






$






(12,286






)






 






$






(15,111






)






 






$






(50,576






)






 






$






(34,364






)









 






 






Three Months Ended

December 31,






 






Year Ended December 31,








(In thousands, except for percentages, share and per share amounts)






 






2025






 






2024






 






2025






 






2024








 






 






(Unaudited)








Gross Margin (GAAP)






 






 






41






%






 






 






33






%






 






 






41






%






 






 






36






%








Adjustments:






 






 






 






 






 






 






 






 








Exclude stock-based compensation






 






 






0






%






 






 






1






%






 






 






1






%






 






 






0






%








Exclude amortization of purchased intangibles






 






 






2






%






 






 






3






%






 






 






2






%






 






 






3






%








Exclude other acquisition accounting amortization






 






 






0






%






 






 






1






%






 






 






0






%






 






 






1






%








Exclude other unusual and infrequent costs






 






 






0






%






 






 






0






%






 






 






0






%






 






 






0






%








Gross Margin (Non-GAAP)






 






 






43






%






 






 






38






%






 






 






44






%






 






 






40






%








 






 






 






 






 






 






 






 






 








Operating Margin (GAAP)






 






 






(146






)%






 






 






(144






)%






 






 






(134






)%






 






 






(63






)%








Adjustments:






 






 






 






 






 






 






 






 








Exclude stock-based compensation






 






 






24






%






 






 






31






%






 






 






26






%






 






 






18






%








Exclude other unusual and infrequent costs






 






 






24






%






 






 






27






%






 






 






22






%






 






 






7






%








Exclude amortization of purchased intangibles






 






 






2






%






 






 






4






%






 






 






2






%






 






 






3






%








Exclude other acquisition accounting amortization






 






 






0






%






 






 






1






%






 






 






0






%






 






 






1






%








Exclude loss on decommissioned satellites and other assets write-offs






 






 






18






%






 






 






12






%






 






 






13






%






 






 






3






%








Operating Margin (Non-GAAP)






 






 






(78






)%






 






 






(70






)%






 






 






(71






)%






 






 






(31






)%








 






 






 






 






 






 






 






 






 








Net (loss) income (GAAP)






 






$






(25,094






)






 






$






(48,783






)






 






$






51,305






 






 






$






(103,359






)








Adjustments:






 






 






 






 






 






 






 






 








Exclude gain on sale of a business






 






 






-






 






 






 






-






 






 






 






(154,305






)






 






 






-






 








Exclude Loss on extinguishment of debt






 






 






-






 






 






 






-






 






 






 






12,008






 






 






 






-






 








Exclude stock-based compensation






 






 






3,745






 






 






 






6,608






 






 






 






18,702






 






 






 






19,990






 








Exclude other unusual and infrequent costs






 






 






3,853






 






 






 






5,972






 






 






 






15,876






 






 






 






7,336






 








Exclude amortization of purchased intangibles






 






 






372






 






 






 






862






 






 






 






1,480






 






 






 






3,463






 








Exclude other acquisition accounting amortization






 






 






-






 






 






 






169






 






 






 






218






 






 






 






675






 








Exclude change in fair value of contingent earnout liability






 






 






(27






)






 






 






518






 






 






 






(1,455






)






 






 






1,235






 








Exclude change in fair value of warrant liabilities






 






 






(95






)






 






 






4,145






 






 






 






(3,193






)






 






 






5,254






 








Exclude issuance of stock warrants






 






 






-






 






 






 






-






 






 






 






-






 






 






 






2,399






 








Exclude foreign exchange loss (gain)






 






 






191






 






 






 






6,887






 






 






 






(10,583






)






 






 






4,314






 








Exclude other expense, net






 






 






847






 






 






 






371






 






 






 






1,649






 






 






 






1,912






 








Exclude loss on decommissioned satellites and other assets write-offs






 






 






2,859






 






 






 






2,494






 






 






 






9,129






 






 






 






3,447






 








Net (loss) income (Non-GAAP)






 






$






(13,349






)






 






$






(20,757






)






 






$






(59,169






)






 






$






(53,334






)








 






 






 






 






 






 






 






 






 








Net (loss) income per share (GAAP)






 






$






(0.76






)






 






$






(1.92






)






 






$






1.49






 






 






$






(4.28






)








Adjustments:






 






 






 






 






 






 






 






 








Exclude gain on sale of a business






 






 






-






 






 






 






-






 






 






 






(4.83






)






 






 






-






 








Exclude Loss on extinguishment of debt






 






 






-






 






 






 






-






 






 






 






0.38






 






 






 






-






 








Exclude stock-based compensation






 






 






0.11






 






 






 






0.26






 






 






 






0.59






 






 






 






0.83






 








Exclude other unusual and infrequent costs






 






 






0.12






 






 






 






0.24






 






 






 






0.50






 






 






 






0.30






 








Exclude amortization of purchased intangibles






 






 






0.01






 






 






 






0.03






 






 






 






0.05






 






 






 






0.14






 








Exclude other acquisition accounting amortization






 






 






-






 






 






 






0.01






 






 






 






0.01






 






 






 






0.03






 








Exclude change in fair value of contingent earnout liability






 






 






-






 






 






 






0.02






 






 






 






(0.05






)






 






 






0.05






 








Exclude change in fair value of warrant liabilities






 






 






-






 






 






 






0.16






 






 






 






(0.10






)






 






 






0.22






 








Exclude issuance of stock warrants






 






 






-






 






 






 






-






 






 






 






-






 






 






 






0.10






 








Exclude foreign exchange loss (gain)






 






 






0.01






 






 






 






0.27






 






 






 






(0.33






)






 






 






0.18






 








Exclude other expense, net






 






 






0.03






 






 






 






0.01






 






 






 






0.05






 






 






 






0.08






 








Exclude loss on decommissioned satellites and other assets write-offs






 






 






0.09






 






 






 






0.10






 






 






 






0.29






 






 






 






0.14






 








Net (loss) income per share (Non-GAAP)






 






$






(0.39






)






 






$






(0.82






)






 






$






(1.95






)






 






$






(2.21






)








 






 






 






 






 






 






 






 






 








Weighted-average shares used in computing basic net loss per share






 






 






32,870,016






 






 






 






25,395,020






 






 






 






30,910,259






 






 






 






24,159,770






 








Weighted-average shares used in computing diluted net income per share






 






 






32,870,016






 






 






 






25,395,020






 






 






 






31,950,850






 






 






 






24,159,770






 









 






 






Three Months Ended

December 31,






 






Year Ended December 31,








(In thousands)






 






2025






 






2024






 






2025






 






2024








 






 






(Unaudited)








Net (loss) income (GAAP)






 






$






(25,094






)






 






$






(48,783






)






 






$






51,305






 






 






$






(103,359






)








Depreciation and amortization






 






 






2,911






 






 






 






5,378






 






 






 






12,405






 






 






 






21,729






 








Interest, net






 






 






(755






)






 






 






5,589






 






 






 






4,982






 






 






 






18,811






 








Income tax provision






 






 






1,818






 






 






 






57






 






 






 






3,611






 






 






 






159






 








EBITDA






 






 






(21,120






)






 






 






(37,759






)






 






 






72,303






 






 






 






(62,660






)








Gain on sale of a business






 






 






-






 






 






 






-






 






 






 






(154,305






)






 






 






-






 








Loss on extinguishment of debt






 






 






-






 






 






 






-






 






 






 






12,008






 






 






 






-






 








Change in fair value of contingent earnout liability






 






 






(27






)






 






 






518






 






 






 






(1,455






)






 






 






1,235






 








Change in fair value of warrant liabilities






 






 






(95






)






 






 






4,145






 






 






 






(3,193






)






 






 






5,254






 








Issuance of stock warrants






 






 






-






 






 






 






-






 






 






 






-






 






 






 






2,399






 








Foreign exchange loss (gain)






 






 






191






 






 






 






6,887






 






 






 






(10,583






)






 






 






4,314






 








Stock-based compensation






 






 






3,745






 






 






 






6,608






 






 






 






18,702






 






 






 






19,990






 








Other unusual and infrequent costs






 






 






3,853






 






 






 






5,972






 






 






 






15,876






 






 






 






7,336






 








Loss on decommissioned satellites and other assets write-offs






 






 






2,859






 






 






 






2,494






 






 






 






9,129






 






 






 






3,447






 








Other acquisition accounting amortization






 






 






-






 






 






 






169






 






 






 






218






 






 






 






675






 








Other expense, net






 






 






847






 






 






 






371






 






 






 






1,649






 






 






 






1,912






 








Adjusted EBITDA






 






$






(9,747






)






 






$






(10,595






)






 






$






(39,651






)






 






$






(16,098






)








 






 






 






 






 






 






 






 






 








Net cash used in operating activities






 






$






(4,277






)






 






$






(19,202






)






 






$






(59,829






)






 






$






(18,453






)








Purchase of property and equipment






 






 






(11,881






)






 






 






(5,090






)






 






 






(32,776






)






 






 






(26,581






)








Free Cash Flow






 






$






(16,158






)






 






$






(24,292






)






 






$






(92,605






)






 






$






(45,034






)








 






 






 






 






 






 






 






 






 








Revenue






 






$






15,825






 






 






$






21,659






 






 






$






71,553






 






 






$






110,451






 








Maritime






 






 






(2,015






)






 






 






(12,067






)






 






 






(20,974






)






 






 






(45,565






)








Revenue excluding Maritime






 






$






13,810






 






 






$






9,592






 






 






$






50,579






 






 






$






64,886






 









 






 






 






 






Q4'24






 






 






Q3'25






 






 






Q4'25






 








 






 






 






 






(Unaudited)






 








Total revenue






 






 






 






$






21,659






 






 






$






12,670






 






 






$






15,825






 








Year over year change






 






 






 






 






 






 






 






 






 






 






(27






)%








Sequential change






 






 






 






 






 






 






 






 






 






 






25






%








Maritime revenue






 






 






 






$






12,067






 






 






$






2,495






 






 






$






2,015






 








Revenue excluding maritime






 






 






 






$






9,592






 






 






$






10,175






 






 






$






13,810






 








Year over year change






 






 






 






 






 






 






 






 






 






 






44






%








Sequential change






 






 






 






 






 






 






 






 






 






 






36






%














GAAP to Non-GAAP Reconciliations – Q1 2026 and Full Year 2026 Financial Outlook









 








(Unaudited)




(In thousands, except for percentages, share and per share amounts)






 






Q1'26 Ranges








 






 






Low






 






High








Revenue






 






$






14,500






 






 






$






15,500






 








Maritime revenue






 






 






(1,700






)






 






 






(1,700






)








Revenue excluding maritime






 






$






12,800






 






 






$






13,800






 








 






 






 






 






 








 






 






Low






 






High








Loss from operations (GAAP)






 






$






(23,600






)






 






$






(23,200






)








Adjustments:






 






 






 






 








Exclude stock-based compensation






 






 






3,600






 






 






 






3,600






 








Exclude other unusual and infrequent costs






 






 






5,500






 






 






 






5,500






 








Loss from operations (Non-GAAP)






 






$






(14,500






)






 






$






(14,100






)








 






 






 






 






 








 






 






Low






 






High








Operating Margin (GAAP)






 






 






(163






)%






 






 






(150






)%








Adjustments:






 






 






 






 








Exclude stock-based compensation






 






 






25






%






 






 






23






%








Exclude other unusual and infrequent costs






 






 






38






%






 






 






35






%








Operating Margin (Non-GAAP)






 






 






(100






)%






 






 






(91






)%








 






 






 






 






 








 






 






Low






 






High








Net loss per share (GAAP)






 






$






(0.71






)






 






$






(0.70






)








Adjustments:






 






 






 






 








Exclude stock-based compensation






 






 






0.11






 






 






 






0.11






 








Exclude other unusual and infrequent costs






 






 






0.16






 






 






 






0.16






 








Net loss per share (Non-GAAP)






 






$






(0.44






)






 






$






(0.43






)








Weighted-average shares used in computing basic and diluted net loss per share






 






 






33,146,000






 






 






 






33,146,000






 








 






 






 






 






 








 






 






Low






 






High








Net loss (GAAP)






 






$






(23,800






)






 






$






(23,500






)








Depreciation and amortization






 






 






2,900






 






 






 






2,900






 








Interest, net






 






 






200






 






 






 






200






 








EBITDA






 






 






(20,700






)






 






 






(20,400






)








Other expense, net






 






 






100






 






 






 






100






 








Stock-based compensation






 






 






3,600






 






 






 






3,600






 








Other unusual and infrequent costs






 






 






5,500






 






 






 






5,500






 








Adjusted EBITDA






 






$






(11,500






)






 






$






(11,200






)








(In thousands, except for percentages, share and per share amounts)

 






FY 2026 Ranges








 






 






Low






 






High








Revenue






 






$






75,000






 






 






$






85,000






 








Maritime revenue






 






 






(3,700






)






 






 






(3,700






)








Revenue excluding maritime






 






$






71,300






 






 






$






81,300






 








 






 






 






 






 








 






 






Low






 






High








Loss from operations (GAAP)






 






$






(55,900






)






 






$






(50,700






)








Adjustments:






 






 






 






 








Exclude stock-based compensation






 






 






10,100






 






 






 






10,100






 








Exclude other unusual and infrequent costs






 






 






8,000






 






 






 






8,000






 








Loss from operations (Non-GAAP)






 






$






(37,800






)






 






$






(32,600






)








 






 






 






 






 








 






 






Low






 






High








Operating Margin (GAAP)






 






 






(75






)%






 






 






(60






)%








Adjustments:






 






 






 






 








Exclude stock-based compensation






 






 






13






%






 






 






12






%








Exclude other unusual and infrequent costs






 






 






11






%






 






 






9






%








Operating Margin (Non-GAAP)






 






 






(51






)%






 






 






(39






)%








 






 






 






 






 








 






 






Low






 






High








Net loss per share (GAAP)






 






$






(1.65






)






 






$






(1.49






)








Adjustments:






 






 






 






 








Exclude stock-based compensation






 






 






0.30






 






 






 






0.30






 








Exclude other unusual and infrequent costs






 






 






0.24






 






 






 






0.24






 








Exclude purch intangibles and other acq acctg amortization






 






 






-






 






 






 






-






 








Net loss per share (Non-GAAP)






 






$






(1.11






)






 






$






(0.96






)








Weighted-average shares used in computing basic and diluted net loss per share






 






 






33,927,000






 






 






 






33,927,000






 








 






 






 






 






 








 






 






Low






 






High








Net loss (GAAP)






 






$






(57,100






)






 






$






(51,800






)








Depreciation and amortization






 






 






12,000






 






 






 






12,000






 








Interest, net






 






 






600






 






 






 






600






 








EBITDA






 






$






(44,500






)






 






$






(39,200






)








Other expense, net






 






 






400






 






 






 






400






 








Stock-based compensation






 






 






10,100






 






 






 






10,100






 








Other unusual and infrequent costs






 






 






8,000






 






 






 






8,000






 








Adjusted EBITDA






 






$






(26,000






)






 






$






(20,700






)







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260318524045/en/
For Media:

Sarah Freeman

Senior Communications Manager

Sarah.Freeman@spire.com


For Investors:

Benjamin Hackman

Head of Investor Relations

Benjamin.Hackman@spire.com


Original: Spire Global Announces Fourth Quarter and Full Year 2025 Results