Spire Global, Inc. income statement
In fiscal 2025, Spire Global, Inc. reported revenue of $71.6m, down 35.2% on the year before, operating income of −$96.0m (a -134.1% margin) and net income of $51.3m, or $1.49 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 28 | 43 | 71 | 98 | 110 | 72 | 62 |
| Cost of revenue | 10 | 19 | 54 | 59 | 71 | 42 | 39 |
| Gross profit | 18 | 25 | 17 | 39 | 40 | 29 | 24 |
| Research and development | 21 | 32 | 22 | 28 | 29 | 37 | 35 |
| Selling and marketing | 10 | 20 | 29 | 26 | 23 | 15 | 12 |
| General and administrative | 13 | 40 | 45 | 42 | 50 | 64 | 61 |
| Operating income | −26 | −68 | −79 | −59 | −69 | −96 | −89 |
| Interest expense | 7 | 11 | 14 | 19 | 20 | 7 | 0 |
| Income before tax | −32 | −38 | −99 | −78 | −103 | 55 | −88 |
| Income tax | 0 | 0 | 0 | −0 | 0 | 4 | 2 |
| 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 |
| Diluted shares (average) | 2m | 8m | 17m | 20m | 24m | 32m | 35m |
| EBITDA | −20 | −59 | −61 | −41 | −48 | −84 | −76 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 22 | 24 | 19 | 13 | 16 | 16 | 18 |
| Cost of revenue | 16 | 15 | 15 | 10 | 8 | 9 | 10 | 12 |
| Gross profit | 13 | 7 | 9 | 9 | 5 | 6 | 6 | 6 |
| Research and development | 6 | 10 | 9 | 10 | 9 | 9 | 9 | 8 |
| Selling and marketing | 6 | 7 | 6 | 4 | 3 | 3 | 3 | 3 |
| General and administrative | 12 | 18 | 18 | 17 | 14 | 15 | 18 | 14 |
| Operating income | −14 | −31 | −28 | −24 | −21 | −23 | −25 | −20 |
| Interest expense | 5 | 6 | 6 | 2 | 0 | 0 | 0 | 0 |
| Income before tax | −12 | −49 | −24 | 121 | −20 | −23 | −26 | −20 |
| Income tax | 0 | 0 | −0 | 2 | −0 | 2 | 0 | 0 |
| Net income | −12 | −49 | −24 | 120 | −20 | −25 | −26 | −20 |
| Diluted EPS | −$0.50 | −$1.98 | −$0.88 | $3.72 | −$0.61 | −$0.82 | −$0.78 | −$0.52 |
| EBITDA | −10 | −26 | −24 | −21 | −18 | −20 | −22 | −16 |
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