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Spire Global, Inc. (SPIR) stock

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NYSE: SPIR NYSE Aerospace & Defense Next results ~November 10, 2026

D Fundamentals grade

Spire Global, Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$3.1

Price-to-sales vs peers

Base case. Range ~$2.8–$8.6. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Spire Global, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 6 selling0 purchases and 29 sales by directors and officers, last 12 monthsInsider trades
  • Funds95 adding, 41 cuttingOf 21 active managers that changed their stake, 14 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Spire Global files

Where Spire Global stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $62m, down 33.1% on a year earlier, a smaller fall than the 36.2% decline a quarter earlier. That puts it 44 of 46 for growth among the aerospace & defense companies we cover. Free-cash-flow margin fell to -159.7% from -80.6% a year earlier. Operating margin narrowed to -142.1% from -103.7%. The diluted share count is up 28.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 3 financial-health checks. Our price-to-sales vs peers value is $2.95 a share, against a share price of $9.84.

Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 10, 2026 (estimated)

Spire Global, Inc.'s trailing-twelve-month revenue fell 33.1% year on year, with a free-cash-flow margin of -159.7%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 47 aerospace & defense companies we cover. Where it lags: revenue growth of -33.1% ranks 55 of 57 aerospace & defense companies we cover.

Current signal Net margin compressing: TTM net margin fell to -145.2%, down 182.5pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 33.1% over the last 12 months.
  • Loss-making. Operating margin is -142.1%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 38.4 points on a year ago.
  • Burning cash. Free cash flow was -159.7% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 23.4% of revenue, against a median of 1.5% for aerospace & defense companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 28.6% in a year.

Latest results: FY2026 Q2

Filed August 13, 2026
Earnings per share
-$0.31 against an average estimate of -$0.27: missed by 17.0%
Revenue
$18m, down 5.9% on a year earlier
Share reaction
-5.9% in the first session after the results on August 12, 2026, against +0.9% for the S&P 500
Next report
November 10, 2026; average EPS estimate -$0.21

Spire Global's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.7%
  • 1 week-6.6%
  • 1 month-23.1%
  • This year+13.9%
  • 1 year-21.5%
  • 5 years-81.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$62.4M
Operating margin
-142.1%
Net margin
-145.2%
EPS (TTM, diluted)
$-2.58

Growth

Revenue growth
−33.1%
Change in growth rate
+3.0 pts
Share count change
+28.6%

Cash

Free cash flow (TTM)
-$99.6M
FCF margin
-159.7%
Stock pay % of revenue
23.4%

Earnings

Last results
August 12, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Spire Global, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Spire Global, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.44 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$3.1 ~$2.8–$8.6 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$3.1 ~$2.8–$8.6 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Spire Global, Inc. with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$80.08$27.04$7.68$7.82$14.07$7.50$8.54
Market value$176m$210m$134m$153m$340m$240m$300m
+ Net debt (− = net cash)$16m−$33m$58m$94m$84m−$25m−$39m
Enterprise value$192m$177m$192m$247m$424m$215m$261m
Multiples
Price / sales 6.2x4.8x1.9x1.6x3.1x3.3x4.8x
Price / earnings —————4.7x—
Price / free cash flow ———————
EV / EBITDA ———————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

20 /100

Weak moat

How hard Spire Global's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -12.1% of total assets over 5 years.

  • Pricing power 6 / 20

    Gross margin has been a median 39.1%, moving by 14.5 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -113.7%; its worst year was -142.1%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -80.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 10, 2026, after the close. Analysts expect revenue of $21m and EPS of −$0.21 (range −$0.23 to −$0.20) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.01 +48% $80m +12%
Next −$0.39 +62% $100m +25%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +16.0% on 90 days ago. In the last 30 days, 0 analysts raised Spire Global, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Spire Global, Inc., last 90 days
−$1.50 −$1.00 −$0.50 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.88 Current fiscal year, 60 days ago: −$0.88 Current fiscal year, 30 days ago: −$0.88 Current fiscal year, 7 days ago: −$0.88 Current fiscal year, Now: −$1.01 −$1.01 Next fiscal year, 90 days ago: −$0.25 Next fiscal year, 60 days ago: −$0.25 Next fiscal year, 30 days ago: −$0.25 Next fiscal year, 7 days ago: −$0.25 Next fiscal year, Now: −$0.39 −$0.39

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.88−$0.25
60 days ago −$0.88−$0.25
30 days ago −$0.88−$0.25
7 days ago −$0.88−$0.25
Now −$1.01−$0.39

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.27 −$0.31 −17.0%
Mar 2026 −$0.40 −$0.37 +6.3%
Dec 2025 −$0.50 −$0.39 +21.5%
Sept 2025 −$0.33 −$0.40 −21.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

4 analysts, Oct 2026
Buy4100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202644
  2. Sep 2026314
  3. Aug 2026314

Counts of recommendations published by analysts covering Spire Global, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
10.1%
of tradable shares
Days to cover
5.46
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
62%
of shares
Held by insiders
6.0%
of shares
Employees
372
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −21.5%

$10.88 on October 31, 2025 to $8.54

ThenNowEffect
Revenue (last 12 months) $93m $62m −33.1%
P/S multiple 3.2x 4.8x +51.0%
Share count 27m 35m −22.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SPIR−66%−72%+2%+80%−47%+14%
Industry peers (median)−4%−10%+14%+22%+19%−12%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SPIR33%17%50%42%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SPIR−82%−74%−69%−61%−66%−67%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2020: 98% from September 22, 2021 to June 26, 2023. Getting back needed a 4325% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.02 – $25.48
From 52-week high
−66.5%
vs 50-day average
−22.4%
vs 200-day average
−38.1%
Volatility (1 year)
101%
Beta vs S&P 500
3.38

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±8.7%
After a week
5 up, 7 down
typical move ±12.3%
After a month
8 up, 4 down
typical move ±23.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 12, 2026 −5.9% +0.9% −7.6% −22.9%
May 13, 2026 +3.3% +1.4% +13.8% +3.3%
March 18, 2026 +12.5% −1.6% +26.7% +80.3%
December 17, 2025 −21.3% −0.4% −11.3% +27.4%
November 4, 2025 −19.0% −0.8% −24.6% −18.9%
August 13, 2025 +2.5% +0.4% −13.9% −1.4%
May 14, 2025 +17.8% +0.6% +17.0% +9.4%
March 31, 2025 −3.1% +1.0% −8.7% +14.7%
March 3, 2025 −6.9% −2.9% −14.4% −30.4%
November 5, 2024 +4.7% +3.7% +8.1% +32.4%
August 29, 2024 +6.3% +1.0% −0.7% +23.8%
August 27, 2024 −1.0% −0.4% +0.4% +19.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Spire Global, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Spire Global, Inc.
$0 $50M $100M $150M $200M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $86.3M Revenue (TTM), FY23 Q4: $166.5M Revenue (TTM), FY24 Q1: $178.1M Revenue (TTM), FY24 Q2: $175.4M Revenue (TTM), FY24 Q3: $181.8M Revenue (TTM), FY24 Q4: $110.5M Revenue (TTM), FY25 Q1: $99.5M Revenue (TTM), FY25 Q2: $93.3M Revenue (TTM), FY25 Q3: $77.4M Revenue (TTM), FY25 Q4: $71.6M Revenue (TTM), FY26 Q1: $63.5M Revenue (TTM), FY26 Q2: $62.4M $62.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $86.3M
FY23 Q4 $166.5M
FY24 Q1 $178.1M
FY24 Q2 $175.4M
FY24 Q3 $181.8M
FY24 Q4 $110.5M
FY25 Q1 $99.5M
FY25 Q2 $93.3M
FY25 Q3 $77.4M
FY25 Q4 $71.6M
FY26 Q1 $63.5M
FY26 Q2 $62.4M
Revenue growth, TTM YoY Spire Global, Inc.
-100% -50% 0% 50% 100% 150% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 18.4% Revenue growth, TTM YoY, FY23 Q4: 135.2% Revenue growth, TTM YoY, FY24 Q1: 134.6% Revenue growth, TTM YoY, FY24 Q2: 107.4% Revenue growth, TTM YoY, FY24 Q3: 110.7% Revenue growth, TTM YoY, FY24 Q4: -33.6% Revenue growth, TTM YoY, FY25 Q1: -44.1% Revenue growth, TTM YoY, FY25 Q2: -46.8% Revenue growth, TTM YoY, FY25 Q3: -57.4% Revenue growth, TTM YoY, FY25 Q4: -35.2% Revenue growth, TTM YoY, FY26 Q1: -36.2% Revenue growth, TTM YoY, FY26 Q2: -33.1% -33.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 18.4%
FY23 Q4 135.2%
FY24 Q1 134.6%
FY24 Q2 107.4%
FY24 Q3 110.7%
FY24 Q4 -33.6%
FY25 Q1 -44.1%
FY25 Q2 -46.8%
FY25 Q3 -57.4%
FY25 Q4 -35.2%
FY26 Q1 -36.2%
FY26 Q2 -33.1%
Operating margin (TTM) Spire Global, Inc.
-150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -83.2% Operating margin (TTM), FY23 Q4: -35.3% Operating margin (TTM), FY24 Q1: -30.7% Operating margin (TTM), FY24 Q2: -30.9% Operating margin (TTM), FY24 Q3: -28.1% Operating margin (TTM), FY24 Q4: -62.7% Operating margin (TTM), FY25 Q1: -86.0% Operating margin (TTM), FY25 Q2: -103.7% Operating margin (TTM), FY25 Q3: -134.5% Operating margin (TTM), FY25 Q4: -134.1% Operating margin (TTM), FY26 Q1: -145.3% Operating margin (TTM), FY26 Q2: -142.1% -142.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -83.2%
FY23 Q4 -35.3%
FY24 Q1 -30.7%
FY24 Q2 -30.9%
FY24 Q3 -28.1%
FY24 Q4 -62.7%
FY25 Q1 -86.0%
FY25 Q2 -103.7%
FY25 Q3 -134.5%
FY25 Q4 -134.1%
FY26 Q1 -145.3%
FY26 Q2 -142.1%
FCF margin (TTM) Spire Global, Inc.
-200% -150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -69.0% FCF margin (TTM), FY23 Q4: -32.2% FCF margin (TTM), FY24 Q1: -30.1% FCF margin (TTM), FY24 Q2: -25.2% FCF margin (TTM), FY24 Q3: -12.6% FCF margin (TTM), FY24 Q4: -40.8% FCF margin (TTM), FY25 Q1: -46.7% FCF margin (TTM), FY25 Q2: -80.6% FCF margin (TTM), FY25 Q3: -130.2% FCF margin (TTM), FY25 Q4: -129.4% FCF margin (TTM), FY26 Q1: -172.3% FCF margin (TTM), FY26 Q2: -159.7% -159.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -69.0%
FY23 Q4 -32.2%
FY24 Q1 -30.1%
FY24 Q2 -25.2%
FY24 Q3 -12.6%
FY24 Q4 -40.8%
FY25 Q1 -46.7%
FY25 Q2 -80.6%
FY25 Q3 -130.2%
FY25 Q4 -129.4%
FY26 Q1 -172.3%
FY26 Q2 -159.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 28 43 71 98 110 72 62
Gross profit 18 25 17 39 40 29 24
EBITDA −20 −59 −61 −41 −48 −84 −76
Operating income −26 −68 −79 −59 −69 −96 −89
Net income −33 −38 −99 −78 −103 51 −91
Diluted EPS −$14.80 −$4.88 −$5.66 −$3.96 −$4.28 $1.49 −$2.58
Growth (year on year)
Revenue — +52.2% +63.2% +37.9% +13.2% −35.2% −33.1%
Net income — — — — — — −360.2%
Diluted EPS — — — — — — −302.2%
Margins
Gross margin 63.9% 56.8% 24.2% 39.5% 36.1% 40.8% 37.7%
EBITDA margin −71.8% −136.8% −85.5% −41.5% −43.0% −116.8% −122.0%
Operating margin −91.3% −156.4% −111.5% −60.2% −62.7% −134.1% −142.1%
Net margin −114.1% −87.8% −139.9% −79.5% −93.6% 71.7% −145.2%
Free-cash-flow margin −88.1% −169.2% −94.3% −55.0% −40.8% −129.4% −159.7%
Cash flow
Cash from operations −15 −58 −46 −36 −18 −60 −66
Capital spending 10 15 21 17 27 33 34
Free cash flow −25 −73 −67 −54 −45 −93 −100
Stock-based pay 2 12 11 13 20 19 15
Free cash flow after stock pay −27 −85 −78 −67 −65 −111 −114
Balance sheet
Cash 16 109 47 29 19 25 39
Total debt 31 76 105 123 103 — 0
Net debt (negative = net cash) 16 −33 58 94 84 −25 −39
Diluted shares 2m 8m 17m 20m 24m 32m 35m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $227m
Short-term assets $110mLonger-term assets $117m
What it owes, and who funded it · $227m
Short-term liabilities $59mLonger-term liabilities $24mShareholders' equity $144m
  • Short-term assets cover short-term liabilities $110m of assets due within a year against $59m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $110m short-term assets against $24m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$89m against $2,000 of interest.

From Spire Global, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+28.6%
year over year
R&D spending
55.6%
of revenue
Days sales outstanding
37 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated SPIR EH CVU PKE XTIA AIRI Median
Revenue, last 12 months $62m $58m $74m $81m $82m $47m $769m
Revenue growth, last 12 months −33.1% −8.3% 2.6% 27.7% >999% −10.6% 15.5%
Revenue growth, 3-year average −9.7% — −5.4% 13.3% 79.1% −4.1% 12.6%
Revenue growth, latest quarter −5.9% — 15.8% 26.9% >999% −5.2% 15.8%
Gross margin 37.7% 61.5% 22.5% 32.7% 18.3% 19.7% 27.8%
Operating margin −142.1% −75.8% 8.2% 21.1% −50.0% −1.1% 9.0%
Operating margin, 3-year average −92.2% −345.8% 5.2% 17.2% −389.5% −0.7% 6.0%
Net margin −145.2% −66.0% 5.1% 18.4% −89.6% −3.8% 5.5%
Cash from operations / revenue −105.7% −42.9% −3.1% 16.5% −43.7% −6.4% 5.5%
Free-cash-flow margin −159.7% −78.6% −3.2% 14.2% −44.0% −10.0% 3.4%
Free-cash-flow margin, 3-year average −88.5% −159.6% 0.1% 10.0% −474.9% −3.1% 3.0%
Stock pay / revenue 23.4% 58.9% 0.9% 0.5% 23.9% 3.0% 1.2%
Change in share count 28.6% >999% 1.4% 4.5% 19.0% 39.6% 3.9%

Median of all 57 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 aerospace & defense companies
Measure Company Peer median Rank
Revenue growth Growth -33.1% 15.5% 55 of 57
Change in growth rate Growth +3.0pp +2.2pp 25 of 57
Gross margin Profitability 37.7% 28.3% 15 of 46
Operating margin Profitability -142.1% 8.5% 45 of 51
Net margin Profitability -145.2% 5.5% 48 of 57
Free-cash-flow margin Cash generation -159.7% 3.4% 49 of 57
Stock pay as % of revenue Cash generation 23.4% 1.5% 44 of 53
Long-term debt as % of assets Balance sheet 0.0% 22.1% 1 of 47
Change in share count Balance sheet 28.6% 2.4% 40 of 51
Days sales outstanding Balance sheet 37 days 53 days 11 of 45

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Subscription Based Contract $55.4M 77.5% ▼ 28.2%
Non Subscription Based Contracts $16.1M 22.5% ▼ 51.6%

From Spire Global, Inc.'s 10-K filed March 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$405M
Institutions reporting
130
Shares held vs prior quarter
▲ 67.8%
Positions opened / closed
44 / 21

Top buyers and sellers, Q2 2026: 95 institutions bought and 41 sold ; the biggest buyer was Van Eck Associates Corp (+1.4M shares) and the biggest seller Jane Street Group, LLC (−283K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
325 Capital LLC $55.2M 3.0M 13.6% ▲ 58.2%
Blackrock, Inc. $48.1M 2.6M 11.9% ▲ 48.7%
State Street Corp $29.4M 1.6M 7.3% ▲ 175.0%
Vanguard Capital Management LLC $27.6M 1.5M 6.8% ▲ 29.8%
Van Eck Associates Corp $26.2M 1.4M 6.5% New
Science & Technology Partners, L.P. $21.5M 1.2M 5.3% New
Geode Capital Management, LLC $15.4M 829K 3.8% ▲ 15.5%
Mitsubishi Ufj Asset Management Co., Ltd. $12.7M 681K 3.1% New
Royce & Associates LP $12.1M 650K 3.0% ▲ 14.1%
Lane Generational LLC $11.6M 623K 2.9% ▼ 17.6%
Stifel Financial Corp $10.1M 542K 2.5% ▲ 4.6%
BNP Paribas Financial Markets $9.1M 489K 2.2% ▲ 597.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Spire Global, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5M 29 trades by 6 insiders · 95% under pre-set plans
Net ▼ $5M net selling
Insider Date Trade Shares Price Value
Platzer Peter Executive Chairman October 1, 2026 Sell pre-set plan 17,954 $11.02 $197,853
Messer Stephen Director August 24, 2026 Sell 17,986 $14.06 $252,883
Platzer Peter Executive Chairman August 20, 2026 Sell pre-set plan 5,100 $14.09 $71,859
Pelez Perez Celia Chief Operating Officer August 20, 2026 Sell pre-set plan 4,484 $14.09 $63,180
Oehme Johann Gabriel Chief Technology Officer August 20, 2026 Sell pre-set plan 2,989 $14.09 $42,115
Condor Theresa Chief Executive Officer August 20, 2026 Sell pre-set plan 22,502 $14.09 $317,053
Engel Alison K Chief Financial Officer August 20, 2026 Sell pre-set plan 4,286 $14.09 $60,390
Engel Alison K Chief Financial Officer May 20, 2026 Sell pre-set plan 12,702 $19.08 $242,354
Pelez Perez Celia Chief Operating Officer May 20, 2026 Sell pre-set plan 4,660 $19.07 $88,866
Oehme Johann Gabriel Chief Technology Officer May 20, 2026 Sell pre-set plan 3,107 $19.07 $59,250
Condor Theresa Chief Executive Officer May 20, 2026 Sell pre-set plan 5,048 $19.08 $96,316
Condor Theresa Chief Executive Officer May 20, 2026 Sell pre-set plan 19,596 $19.07 $373,696

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • August 12, 2026
  • May 13, 2026
  • March 18, 2026
  • December 17, 2025
  • November 4, 2025
  • August 13, 2025

Recent SEC filings

Data status

When each part of this page on Spire Global, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Spire Global, Inc. in brief

What does Spire Global, Inc. do?
Spire Global, Inc. is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Spire Global, Inc.'s stock ticker?
Spire Global, Inc. trades under the ticker SPIR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Spire Global, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Spire Global, Inc. reported revenue of $62.4M, 33.1% lower than a year earlier, according to its SEC filings.
What is Spire Global, Inc.'s free cash flow?
Spire Global, Inc.'s free-cash-flow margin is -159.7% of revenue over the trailing twelve months, ranking 49 of the 57 aerospace & defense companies we cover.
Who are Spire Global, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are 325 Capital LLC, Blackrock, Inc. and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Spire Global, Inc.'s market cap?
On November 2, 2026, Spire Global, Inc.'s market capitalisation was about $300M and net debt of -$38.8M. Market figures come from third-party market data and may be delayed.
Who are Spire Global, Inc.'s competitors?
In our Aerospace & Defense peer group, the companies closest to Spire Global, Inc. are Ehang Holdings Ltd, CPI Aerostructures Inc, Park Aerospace Corp, XTI Aerospace, Inc. and AIR Industries Group. The side-by-side comparison below sets their revenue, margins and growth against Spire Global, Inc.'s.
Are insiders buying or selling Spire Global, Inc. stock?
Over the last 12 months, Spire Global, Inc.'s directors and officers reported 0 open-market purchases and 29 sales on Form 4. The insider trading page charts every trade.
When is Spire Global, Inc.'s next earnings date?
Around November 10, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Spire Global, Inc. announces its own schedule.