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SPIRSpire Global, Inc.
$8.65$281M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
SPIR logo

Spire Global, Inc.

SPIR
NYSE · Space & Satellites
$8.65
At close - Nov 6, 4:00 PM EST - USD
Market Cap$281M
P/E-3.7x
52W High$25.93
Volume511.32K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Structural Revenue Contraction Outweighs Deleveraging Recovery

Spire's revenue has fallen 48% from $34.8M in 2024Q1 to $18.0M in 2026Q2, with operating margin deteriorating to -110.2% as $25.5M of combined R&D and SG&A overwhelms $6.2M of gross profit, suggesting the losses appear structural rather than temporary.

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

SPIR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-114% Peers

P/E is 114% below peer median

03

Market leadership

RS 21 · Lag

Laggard (Underperforming 79% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 10
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue contracted in nine of the last ten quarters to $18.0M in 2026Q2 (-5.9% YoY) while operating margin slid to -110.2% and gross margin fell to 34.1%, indicating simultaneous erosion of volume and unit economics.

Analyst Consensus+137.0% target
Buy(12 analysts)
8 Buy3 Hold1 Sell

The Bull Case

Upside Catalysts

Strong Revenue Growth Target

Spire Global is targeting over 30% revenue growth in 2026, supported by a substantial backlog of $200 million.

Focus on Core Services

The divestiture of its maritime business allows Spire to concentrate on its core data and analytics services, anticipating normalization.

Solid Financial Position

Spire has $96.8 million in cash and no debt, aiming for EBITDA and cash flow breakeven by Q4 2026.

The Bear Case

Key Downside Risks

Revenue Growth Challenges

Spire faces challenges in driving revenue growth due to limited market awareness and competition in the NewSpace industry.

Execution Risks

The company has experienced setbacks, with a rocky start to 2026, raising concerns about potential capital raises.

Dilution Concerns

A recent $70 million private placement led to a negative market reaction, with analysts flagging it as dilutive.

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SPIR+10.76%
S&P 500 (^GSPC)+7.63%
1-Year Return
SPIR-1.14%
S&P 500 (^GSPC)+9.69%
3-Year Return
SPIR+113.05%
S&P 500 (^GSPC)+90.20%
5-Year Return
SPIR-80.76%
S&P 500 (^GSPC)+68.88%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-3.7x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-3.7x
5.0x
0th· Low
EV/EBITDA
N/A
N/A
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$72M-35.2% YoY
Net income FY25
$51M+149.9% YoY
Free cash flow FY25
-$93M-105.6% YoY
Operating margin FY25
-121.4%-68.9 pts YoY
ROIC (FY25)-71.6%
Avg ROIC 5Y-50.7%
ROE (TTM)-75.2%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 12, 2026
-$0.31-17.0%
vs -$0.27
$18M-0.5%
vs $18M
Q2 2026
May 13, 2026
-$0.37+24.0%
vs -$0.49
$16M+5.0%
vs $15M
Q2 2026
Mar 18, 2026
-$0.39+20.4%
vs -$0.49
$16M+2.2%
vs $15M
Q4 2025
Dec 17, 2025
-$0.33+0.0%
vs -$0.33
$21M-1.7%
vs $22M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 27, 2026
Spire Global Schedules Third Quarter 2026 Results Conference Call

VIENNA, Va.--(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 Tuesday, November 10, 2026 at 5:00 p.m. ET to discuss the Company's third 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 websit.

Business Wire·Oct 2, 2026
Spire Global Launches First Three Satellites Built at U.S. Manufacturing Facility

VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a leading global provider of satellite data, analytics and intelligence, today announced the successful launch of the first three satellites built at its manufacturing facility in Boulder, Colorado. Launched aboard SpaceX's Transporter-18 rideshare mission, the satellites mark an operational milestone in expanding Spire's U.S. manufacturing footprint to meet growing national security demand. Accelerating U.

Seeking Alpha·Sep 23, 2026
Spire Global: NOAA Contracts Set Up An H2 Inflection Story

Spire Global, Inc. is evolving from a niche satellite data provider to a scaled, multi-vertical space intelligence platform, driven by NOAA and RF geolocation contracts. Recent NOAA awards enhance near-term revenue visibility and long-term product differentiation, supporting both recurring data revenues and proprietary sensing capabilities. Despite like-for-like revenue growth and cost reductions, SPIR faces margin compression and elevated cash burn, with only 3–4 quarters of runway at the current pace.

Business Wire·Sep 22, 2026
Spire Global Awarded $33.2 Million NOAA Contract for Satellite Weather Data to Enhance Weather Forecasting

VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics, and intelligence, was awarded a $33.2 million task order by the National Oceanic and Atmospheric Administration (NOAA) for a two-year period of performance beginning December 1, 2026, to December 1, 2028. Under the agreement, Spire will deliver global navigation satellite system radio occultation (GNSS-RO) data, including RO profiles with Temporal Resolution E.

Filtered for Spire Global, Inc.More Headlines
04

Compare before deciding

Benchmark SPIR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Spire Global, Inc. (SPIR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SPIR logoSPIRSpire Global, Inc.Current
$8.65$281.44M-3.66-35.22%-145.22%-75.24%—
ASTS logoASTSAST SpaceMobile, Inc.
$32.33$9.66B-15.631505.21%-536.66%-27.27%—
MNTS logoMNTSMomentus Inc.
$2.05$24.37M-0.68-47.49%-927.68%-90.19%—
BKSY logoBKSYBlackSky Technology Inc.
$21.33$872.86M-28.104.39%-24.86%-21.12%—
SATL logoSATLSatellogic Inc.
$3.48$479.06M-5.0437.58%-325.65%-3465.39%—
PL logoPLPlanet Labs PBC
$12.55$4.18B-12.5425.94%-95.13%-93.11%—

Compare SPIR vs Peers

Spire Global, Inc. (SPIR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ASTS

Most directly comparable listed peer for SPIR.

Scale Benchmark

vs BA

Larger-name benchmark to compare SPIR against a more recognizable public peer.

Peer Set

Compare Top 5

vs ASTS, MNTS, BKSY, SATL

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SPIR SEC Filings & Documents

Spire Global, Inc. (SPIR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 12, 2026·SEC

Material company update

Aug 5, 2026·SEC

Material company update

Jul 17, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 19, 2026·SEC

FY 2025

Mar 31, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 13, 2026·SEC

FY 2026

May 14, 2026·SEC

FY 2025

Dec 17, 2025·SEC

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SPIR Frequently Asked Questions

Spire Global, Inc. (SPIR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Spire Global, Inc.'s revenue?

Spire Global, Inc. (SPIR) reported $62.4M in revenue over the trailing twelve months. Revenue was $71.6M in fiscal year 2025. That is 287% more than the $18.5M of fiscal year 2019.

How fast is Spire Global, Inc. growing?

Spire Global, Inc. (SPIR) revenue fell by 33.1% over the trailing twelve months, compared with the twelve months before.

Is SPIR profitable?

No. Spire Global, Inc. (SPIR) reported a net loss of $90.6M over the trailing twelve months.

Dividend & Returns
What is SPIR's return on equity?

Spire Global, Inc. (SPIR) had a return on equity (ROE) of -75.2% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Spire Global, Inc.'s free cash flow?

Spire Global, Inc. (SPIR) had negative free cash flow of $108.7M over the trailing twelve months.

What if you invested $1,000 in SPIR back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →