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Spire Global, Inc. (SPIR) 10-Year Financial Performance & Capital Metrics

SPIR • • Industrial / General
IndustrialsBusiness ServicesProfessional & Technical ServicesTechnical Inspection & Engineering
AboutSpire Global, Inc. develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc. has a strategic partnership with TAC Index Limited. Spire Global, Inc. was formerly known as Nanosatisfi, Inc. and changed its name to Spire Global, Inc. in July 2014. The company was incorporated in 2012 and is based in San Francisco, California with additional offices in Boulder, Colorado; Washington, D.C.; Glasgow, United Kingdom; Luxembourg; and Singapore.Show more
  • Revenue $110M +13.2%
  • EBITDA -$31M +16.6%
  • Net Income -$103M -32.6%
  • EPS (Diluted) -4.26 -7.5%
  • Gross Margin 36.12% -8.6%
  • EBITDA Margin -28.41% +26.3%
  • Operating Margin -52.47% +12.9%
  • Net Margin -93.09% -17.2%
  • ROE -787.97% -554.9%
  • ROIC -39.54% -32.2%
  • Debt/Equity -
  • Interest Coverage -2.85 +7.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 43.0%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 23.4% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y42.97%
3Y36.56%
TTM-31.51%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM142.62%

EPS CAGR

10Y-
5Y-
3Y-
TTM114.64%

ROCE

10Y Avg-53.26%
5Y Avg-46.75%
3Y Avg-36.85%
Latest-49.98%

Peer Comparison

Technical Inspection & Engineering
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OMEXOdyssey Marine Exploration, Inc.122.62M2.2033.03-4.37%-65.68%0.46%
YSXTYSX Tech. Co., Ltd31.16M1.407.7822.04%5.63%17.39%0.22
SMXSMX (Security Matters) Public Limited Company241.82M24.35-0.00-2.97%0.27
TISITeam, Inc.64.83M14.32-1.66-1.2%-5.95%-164.46%20.52%212.04
SPIRSpire Global, Inc.361.79M10.93-2.5713.15%39.52%22.97%
TICTIC Solutions, Inc.2.47B11.18-864.51%-11.04%-15.8%0.71

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+18.49M28.49M43.38M70.77M97.61M110.45M
Revenue Growth %-0.54%0.52%0.63%0.38%0.13%
Cost of Goods Sold+14.87M10.29M18.72M53.63M59.02M70.56M
COGS % of Revenue0.8%0.36%0.43%0.76%0.6%0.64%
Gross Profit+3.62M18.2M24.66M17.14M38.59M39.89M
Gross Margin %0.2%0.64%0.57%0.24%0.4%0.36%
Gross Profit Growth %-4.03%0.35%-0.3%1.25%0.03%
Operating Expenses+33.06M44.22M92.48M96.02M97.37M97.84M
OpEx % of Revenue1.79%1.55%2.13%1.36%1%0.89%
Selling, General & Admin15.62M22.8M60.87M73.39M67.75M71.96M
SG&A % of Revenue0.84%0.8%1.4%1.04%0.69%0.65%
Research & Development15.07M20.75M31.61M22.07M27.65M29.19M
R&D % of Revenue0.82%0.73%0.73%0.31%0.28%0.26%
Other Operating Expenses2.37M666K0549K1.97M-3.31M
Operating Income+-29.45M-26.01M-67.83M-78.88M-58.78M-57.95M
Operating Margin %-1.59%-0.91%-1.56%-1.11%-0.6%-0.52%
Operating Income Growth %-0.12%-1.61%-0.16%0.25%0.01%
EBITDA+-19.41M-20.46M-59.32M-58.19M-37.62M-31.38M
EBITDA Margin %-1.05%-0.72%-1.37%-0.82%-0.39%-0.28%
EBITDA Growth %--0.05%-1.9%0.02%0.35%0.17%
D&A (Non-Cash Add-back)10.04M5.55M8.51M20.68M21.16M26.57M
EBIT-27.07M-25.33M-26.18M-84.77M-58.66M-82.3M
Net Interest Income+-3.13M-6.72M-11.39M-13.01M-16.7M-18.81M
Interest Income3.13M54K23K948K2.33M1.55M
Interest Expense06.77M11.42M13.96M19.04M20.36M
Other Income/Expense-2.54M-6.09M30.23M-19.85M-18.92M-44.71M
Pretax Income+-31.98M-32.1M-37.59M-98.73M-77.7M-102.66M
Pretax Margin %-1.73%-1.13%-0.87%-1.4%-0.8%-0.93%
Income Tax+334K400K497K285K-142K159K
Effective Tax Rate %1.01%1.01%1.01%1%1%1%
Net Income+-32.32M-32.5M-38.09M-99.01M-77.56M-102.82M
Net Margin %-1.75%-1.14%-0.88%-1.4%-0.79%-0.93%
Net Income Growth %--0.01%-0.17%-1.6%0.22%-0.33%
Net Income (Continuing)-32.32M-32.5M-38.09M-99.01M-77.56M-102.82M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-25.09-14.72-4.90-5.66-3.96-4.26
EPS Growth %-0.41%0.67%-0.15%0.3%-0.08%
EPS (Basic)-25.09-14.72-4.90-5.66-3.96-4.26
Diluted Shares Outstanding1.29M2.21M7.77M17.48M19.58M24.16M
Basic Shares Outstanding1.29M2.21M7.77M17.48M19.58M24.16M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+29.46M22.27M130.69M94.18M72.34M92.16M
Cash & Short-Term Investments23.86M15.57M109.26M70.28M40.86M19.21M
Cash Only23.86M15.57M109.26M47.2M29.14M19.21M
Short-Term Investments00023.08M11.73M0
Accounts Receivable3.58M5M13.64M17.87M21.86M13.36M
Days Sales Outstanding70.6964.06114.8192.1681.7544.15
Inventory0725K0000
Days Inventory Outstanding-25.73----
Other Current Assets1.91M910K2.62M867K-1.74M57.68M
Total Non-Current Assets+17.43M22.15M173.58M161.81M166.93M101.42M
Property, Plant & Equipment15.91M20.46M48.7M67.51M75.37M74.41M
Fixed Asset Turnover1.16x1.39x0.89x1.05x1.30x1.48x
Goodwill00049.95M51.16M14.73M
Intangible Assets755K751K97.78M34.78M32.02M10.16M
Long-Term Investments0415K389K000
Other Non-Current Assets762K939K12.63M9.56M8.38M2.11M
Total Assets+46.89M44.42M304.27M255.99M239.26M193.57M
Asset Turnover0.39x0.64x0.14x0.28x0.41x0.57x
Asset Growth %--0.05%5.85%-0.16%-0.07%-0.19%
Total Current Liabilities+12.57M13.29M24.92M38.3M49.34M151.59M
Accounts Payable600K1.77M5.82M4.8M8.01M11.59M
Days Payables Outstanding14.7262.99113.5632.6749.5559.96
Short-Term Debt6M000093.94M
Deferred Revenue (Current)01000K1000K1000K1000K1000K
Other Current Liabilities4.2M04.82M04.82M7.67M
Current Ratio2.34x1.68x5.24x2.46x1.47x0.61x
Quick Ratio2.34x1.62x5.24x2.46x1.47x0.61x
Cash Conversion Cycle-26.79----
Total Non-Current Liabilities+52.97M79.87M89.14M126.56M152.13M53.67M
Long-Term Debt51.4M75.28M51.12M98.47M114.11M4.62M
Capital Lease Obligations00010.81M13.08M9.6M
Deferred Tax Liabilities0338K14.91M732K804K860K
Other Non-Current Liabilities1.57M4.26M22.48M2.19M6.22M15.1M
Total Liabilities65.55M93.16M114.06M164.85M201.48M205.26M
Total Debt+57.4M75.28M51.12M111.62M130.7M111.41M
Net Debt33.53M59.7M-58.13M64.43M101.56M92.21M
Debt / Equity--0.27x1.22x3.46x-
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage--3.84x-5.94x-5.65x-3.09x-2.85x
Total Equity+-18.66M-48.74M190.21M91.13M37.78M-11.69M
Equity Growth %--1.61%4.9%-0.52%-0.59%-1.31%
Book Value per Share-14.48-22.0724.495.211.93-0.48
Total Shareholders' Equity-18.66M-48.74M190.21M91.13M37.78M-11.69M
Common Stock1K2K15K2K2K3K
Retained Earnings-178.64M-211.15M-249.24M-357.73M-435.29M-538.1M
Treasury Stock000000
Accumulated OCI-628K-982K732K-6.91M-4.56M-9.77M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-17.05M-14.77M-57.99M-47.82M-36.31M-18.45M
Operating CF Margin %-0.92%-0.52%-1.34%-0.68%-0.37%-0.17%
Operating CF Growth %-0.13%-2.93%0.18%0.24%0.49%
Net Income-32.32M-32.5M-38.09M-89.41M-77.56M-102.82M
Depreciation & Amortization10.04M5.55M8.51M20.68M21.16M26.57M
Stock-Based Compensation1.89M2.16M11.63M11.49M12.98M21.85M
Deferred Taxes-1.26M133K497K23K00
Other Non-Cash Items5.37M5.9M-38.3M-3.34M4.32M14.71M
Working Capital Changes-770K3.99M-2.23M12.73M2.79M21.23M
Change in Receivables-627K-1.49M-5.01M-4.89M2.5M-1.92M
Change in Inventory000000
Change in Payables01.11M2.29M-1.81M1.37M2.65M
Cash from Investing+-9.42M-10.41M-119.48M-41.83M-4.97M-14.23M
Capital Expenditures-9.34M-10.31M-15.42M-18.91M-17.35M-26.58M
CapEx % of Revenue0.51%0.36%0.36%0.27%0.18%0.24%
Acquisitions------
Investments------
Other Investing-73K-101K-166K-22.91M00
Cash from Financing+40.49M16.62M270.53M26.37M23.91M19M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing-346K-733K209.65M-4.52M655K1.23M
Net Change in Cash------
Free Cash Flow+-26.4M-25.19M-73.57M-66.73M-53.66M-45.03M
FCF Margin %-1.43%-0.88%-1.7%-0.94%-0.55%-0.41%
FCF Growth %-0.05%-1.92%0.09%0.2%0.16%
FCF per Share-20.49-11.41-9.47-3.82-2.74-1.86
FCF Conversion (FCF/Net Income)0.53x0.45x1.52x0.48x0.47x0.18x
Interest Paid01.5M3.13M9.44M16.16M14.15M
Taxes Paid00173K210K47K210K

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---53.85%-70.39%-120.32%-787.97%
Return on Invested Capital (ROIC)-148.47%-150.97%-71.12%-41.13%-29.9%-39.54%
Gross Margin19.56%63.9%56.84%24.22%39.53%36.12%
Net Margin-174.78%-114.09%-87.82%-139.91%-79.46%-93.09%
Debt / Equity--0.27x1.22x3.46x-
Interest Coverage--3.84x-5.94x-5.65x-3.09x-2.85x
FCF Conversion0.53x0.45x1.52x0.48x0.47x0.18x
Revenue Growth-54.07%52.25%63.15%37.93%13.15%

Revenue by Geography

2022
Americas36.73M
Americas Growth-
EMEA31.96M
EMEA Growth-
Asia Pacific11.57M
Asia Pacific Growth-

Frequently Asked Questions

Growth & Financials

Spire Global, Inc. (SPIR) reported $77.4M in revenue for fiscal year 2024. This represents a 319% increase from $18.5M in 2019.

Spire Global, Inc. (SPIR) grew revenue by 13.2% over the past year. This is steady growth.

Yes, Spire Global, Inc. (SPIR) is profitable, generating $30.6M in net income for fiscal year 2024 (-93.1% net margin).

Dividend & Returns

Spire Global, Inc. (SPIR) has a return on equity (ROE) of -788.0%. Negative ROE indicates the company is unprofitable.

Spire Global, Inc. (SPIR) had negative free cash flow of $109.8M in fiscal year 2024, likely due to heavy capital investments.

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