Spire Global, Inc.

Listed Company

SPIRCIK 0001816017NYSENon-AcceleratedCommunications Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$71.55M

Net Income

$51.30M

Total Assets

$210.99M

Equity

$112.93M

Shares Out

11.26M

Op. Cash Flow

$-59.80M

Business

Spire Global, Inc. provides space-based data, analytics and space services by designing, manufacturing, integrating and operating a proprietary constellation of multi-purpose nanosatellites and ground stations. It offers datasets, predictive analytics and actionable solutions delivered via the SpireSight API, including clean, fused, predictive data and tailored solutions. The company sells offerings across four main solutions: Maritime, Aviation, Weather and Climate, and Space Services (space-as-a-service). Spire distributes its services globally through its satellite constellation, ground station network, cloud APIs and a primarily direct sales organization.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	72	110	98	80	43
Cost of revenue	42	71	59	40	19
Gross profit	29	40	39	40	25
Research and development	37	29	28	35	32
Sales and marketing	15	23	26	29	20
General and administrative	64	50	42	45	40
Loss on decommissioned satellites and other assets write-offs	9	3	747,000	549,000	0
Allowance for current expected credit loss on notes receivable	0	4	1	—	—
Total operating expenses	125	109	97	109	92
Loss from operations	−96	−69	−59	−69	−68
Interest income	2	2	2	—	—
Interest expense	−7	−20	−19	—	—
Gain on sale of a business	154	0	—	—	—
Loss on extinguishment of debt	−12	0	—	—	—
Change in fair value of contingent earnout liability	1	−1	129,000	10	48
Change in fair value of warrant liabilities	3	−5	−2	9	−2
Issuance of stock warrants	0	−2	0	0	—
Foreign exchange gain (loss)	11	−4	2	—	—
Other expense, net	−2	−2	−2	−3	−2
Total other income (expense), net	151	−34	−19	−20	30
Income (loss) before income taxes	55	−103	−78	−89	−38
Income tax provision	4	159,000	−142,000	322,000	497,000
Net income (loss)	51	−103	−78	−89	−38
Income (loss) per share: Basic	1.66	−4.28	−3.96	−5.11	−0.61
Income (loss) per share: Diluted	1.49	−4.28	−3.96	−5.11	−0.61
Shares used in computing income (loss) per share: Basic	31	24	20	17	62
Shares used in computing income (loss) per share: Diluted	32	24	20	17	62

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	25	19	29	47	109
Marketable securities	57	0	12	23	0
Accounts receivable, net (including allowance of $169 and $148 as of December 31, 2025 and 2024, respectively)	4	12	10	14	10
Contract assets	2	800,000	5	3	2
Other current assets	6	3	17	9	10
Assets classified as held for sale	0	57	0	—	—
Total current assets	94	92	72	97	132
Property and equipment, net	81	63	60	54	49
Operating lease right-of-use assets	11	11	15	12	12
Goodwill	15	15	51	50	54
Other intangible assets	9	10	13	14	20
Other long-term assets, including restricted cash	1	2	8	10	12
Total assets	211	194	239	257	290
Accounts payable	15	12	8	5	6
Long-term debt, current portion	0	94	0	—	—
Contract liabilities, current portion	35	22	31	16	9
Other accrued expenses	22	16	8	8	5
Liabilities associated with assets classified as held for sale	0	8	0	—	—
Total current liabilities	72	152	49	33	25
Contract liabilities, non-current	14	23	18	—	—
Warrant liability	106,000	14	6	2	11
Operating lease liabilities, net of current portion	9	10	13	11	11
Other long-term liabilities	3	7	8,000	780,000	2
Total liabilities	98	205	201	146	100
Commitments and contingencies (Note 10)	—	—	—	—	—
Common stock, $0.0001 par value, 1,000,000,000 Class A and 15,000,000 Class B shares authorized, 33,107,807 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2025; 25,711,165 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2024	3,000	3,000	2,000	2,000	15,000
Additional paid-in capital	606	537	478	456	439
Accumulated other comprehensive loss	−5	−10	−5	−7	732,000
Accumulated deficit	−487	−539	−435	−339	−249
Total stockholders' equity	113	−12	38	91	190
Total liabilities and stockholders' equity	211	194	239	257	290

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	12	22	18	18	9
Stock-based compensation	19	20	13	11	12
Amortization of operating lease right-of-use assets	3	5	3	2	0
Change in fair value of warrant liabilities	−3	5	2	−9	2
Change in fair value of contingent earnout liability	−1	1	−129,000	−10	−48
Loss on decommissioned satellites and disposal of assets	9	4	1	784,000	—
Transaction costs on sale of a business	−24	0	—	—	—
Other, net	2	4	−505,000	1,000	0
Accounts receivable, net	9	−5	4	−4	−5
Contract assets	−846,000	3	−2	−1	−1,000
Other current assets	−3	12	−10	324,000	−7
Other long-term assets	1	2	2	2	13,000
Accounts payable	2	3	1	−2	2
Contract liabilities	3	3	14	8	161,000
Other accrued expenses	5	8	−1	1	3
Operating lease liabilities	−2	−5	−3	−2	0
Other long-term liabilities	−8,000	0	—	—	—
Net cash used in operating activities	−60	−18	−36	−48	−58
Purchases of short-term investments	−120	−30	−40	−40	0
Maturities of short-term investments	66	42	53	17	0
Purchase of property and equipment	−33	−27	−17	−19	−15
Proceeds from sale of a business, net of cash	239	0	—	—	—
Net cash provided by (used in) investing activities	151	−14	−5	−42	−119
Proceeds from Securities Purchase Agreements, net	37	38	0	—	—
Payments on long-term debt	−106	−20	—	—	−30
Payments on long-term debt closing fees	−9	0	—	—	—
Proceeds from exercise of stock options	2	300,000	3,000	806,000	1
Proceeds from employee stock purchase plan	807,000	895,000	727,000	622,000	0
Net cash (used in) provided by financing activities	−75	19	24	26	271
Effect of foreign currency translation on cash, cash equivalent and restricted cash	−11	4	−568,000	1	590,000
Net increase (decrease) in cash, cash equivalents and restricted cash	6	−10	−18	−62	94
Cash paid for interest	7	14	16	9	3
Income Taxes Paid	997,000	210,000	47,000	210,000	—
Property and equipment purchased but not yet paid	3	2	3	957,000	687,000
Right-of-use assets obtained in exchange for lease liabilities	3	490,000	—	—	—

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