Spire Global, Inc. Segments Disclosure
The Company operates as one reportable and operating segment, which derives revenue from the sale of subscription-based data, insights, predictive analytics and related project-based services to global customers across a range of industries. All of the segment’s activities are interrelated, and each activity is dependent upon and supportive of the other. Accordingly, all significant operating decisions are based upon analysis of the Company at the consolidated level.
The Company’s chief operating decision maker ("CODM") who is the Company's chief executive officer, regularly reviews consolidated net income (loss) as reported in the consolidated statements of operations, along with other financial information presented on a consolidated basis, for purposes of making operating decisions, assessing financial performance and allocating resources. The CODM measures performance and how to allocate resources for the segment primarily based on net income (loss), revenue, and gross margin. The CODM's objective is to make resource allocation decisions that optimize the Company's consolidated financial results by monitoring actual results compared to forecasted results.
The measure of segment assets is reported as total assets in the consolidated balance sheets and total capital expenditures for additions to long-lived assets, which were $32.8 million and $26.6 million for the years ended December 31, 2025 and 2024, respectively.
The following table includes segment revenue and significant segment expenses (in thousands):
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Revenue |
|
$ |
71,553 |
|
|
$ |
110,451 |
|
Less: |
|
|
|
|
|
|
||
Employee expense (a) |
|
|
80,275 |
|
|
|
80,184 |
|
Equipment and software expenses (b) |
|
|
27,454 |
|
|
|
38,650 |
|
Depreciation and amortization |
|
|
12,405 |
|
|
|
21,729 |
|
Professional services |
|
|
24,232 |
|
|
|
17,558 |
|
Facilities expense (b) |
|
|
4,732 |
|
|
|
4,008 |
|
Contractor expense |
|
|
1,899 |
|
|
|
2,602 |
|
Other operating and marketing expenses |
|
|
5,629 |
|
|
|
5,767 |
|
Loss on decommissioned satellites and disposal of assets |
|
|
9,281 |
|
|
|
4,023 |
|
Allowance for current credit loss on notes receivable |
|
|
— |
|
|
|
4,026 |
|
Interest expense |
|
|
7,418 |
|
|
|
20,358 |
|
Change in fair value of contingent liability and warrant liabilities |
|
|
(4,647 |
) |
|
|
6,489 |
|
Gain on sale of a business |
|
|
(154,305 |
) |
|
|
— |
|
Loss on extinguishment of debt |
|
|
12,008 |
|
|
|
— |
|
Issuance of stock warrants |
|
|
— |
|
|
|
2,399 |
|
Other segment items (c) |
|
|
(6,133 |
) |
|
|
6,017 |
|
Segment net income (loss) |
|
$ |
51,305 |
|
|
$ |
(103,359 |
) |
(a) Employee expense included stock-based compensation expense of $18.7 million and $20.0 million for the years ended December 31, 2025 and 2024, respectively.
(b) In the second quarter of 2025, the Company reclassified certain expenses from Facilities expense to Equipment and software expenses within its segment reporting to better reflect the nature of the costs. Prior period amounts have been recast to conform to the current year period presentation. This reclassification impacted only the composition of the expense categories regularly provided to the Company’s CODM and had no impact on total segment expenses, the consolidated statements of operations, or income (loss) per share.
(c) Other segment items included in segment net income (loss) includes foreign exchange gain (loss), equity investment loss, income tax provision, travel and meals expenses, and interest income.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 19, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.