Last 23 quarters of trend data · Industrials · Specialty Business Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.22 | — | — | 0.80 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 7561.39 | 3894.55 | 7.05 | 4.98 | 2.27 | 4.18 | 2.18 | 2.61 | 1.88 | 1.69 | 1.15 | 0.72 | 1.00 |
| — | +93169.6% | +223.5% | +90.5% | +20.8% | +146.7% | +90.0% | +263.9% | +87.8% | +12.3% | -38.0% | -65.6% | -75.3% | |
| P/B Ratio | 4.66 | 2.18 | 2.68 | 2.56 | 39.01 | — | 8.07 | 6.58 | 4.99 | 4.34 | 1.31 | 0.81 | 1.03 |
| — | — | -66.8% | -61.1% | +681.8% | — | +516.3% | +709.0% | +384.2% | +192.8% | +6.0% | -31.7% | -38.2% | |
| P/FCF | — | — | — | — | — | — | 12.25 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | 0.72 | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Spire Global, Inc.'s operating margin was -134.9% in Q4 2025, up 31.3 pp QoQ and up 6.8 pp YoY. The trailing four-quarter average of -126.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 23.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.8% | 40.2% | 36.6% | 48.9% | 36.8% | 32.4% | 44.5% | 43.0% | 26.5% | 26.6% | 42.9% | 63.6% | 57.1% |
| — | +23.9% | -17.7% | +13.8% | +38.8% | +22.0% | +3.9% | -32.5% | -53.6% | -49.0% | -14.3% | +25.7% | +25.5% | |
| Operating Margin | -121.4% | -134.9% | -166.1% | -99.2% | -106.5% | -141.6% | -48.0% | -48.6% | -34.4% | -54.0% | -76.0% | -41.5% | -59.9% |
| — | +4.8% | -246.0% | -104.0% | -209.4% | -162.4% | +36.8% | -17.2% | +42.5% | +25.9% | +5.1% | +50.9% | +45.9% | |
| Net Margin | 71.7% | -158571.9% | -155.3% | 621.2% | -86.5% | -222.7% | -43.7% | -65.2% | -73.3% | -71.0% | -105.5% | -61.4% | -73.1% |
| — | -71093.3% | -255.7% | +1052.8% | -18.0% | -213.5% | +58.6% | -6.2% | -0.3% | +9.4% | +1.3% | +68.9% | -12.1% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.1% | -44.4% | -13.9% | 154.0% | -371.9% | -503.8% | -35.1% | -35.7% | -56.6% | -29.8% | -27.3% | -17.4% | -19.1% |
| — | +91.2% | +60.2% | +531.4% | -556.8% | -1588.8% | -28.4% | -105.6% | -196.3% | -81.5% | -61.7% | +29.3% | -196.3% | |
| ROA | 0.0% | -23.8% | -8.5% | 53.2% | -10.3% | -23.1% | -5.5% | -6.9% | -10.4% | -6.9% | -8.9% | -6.1% | -6.6% |
| — | -2.9% | -54.8% | +875.4% | +1.2% | -232.6% | +38.4% | -12.1% | -57.4% | -6.6% | -13.4% | +54.3% | -64.5% | |
| ROIC | -0.1% | -0.0% | -13.0% | -13.9% | -23.4% | -23.8% | -8.2% | -6.9% | -6.6% | -6.1% | -6.9% | -4.5% | -6.5% |
| — | +99.9% | -58.1% | -102.5% | -252.1% | -289.0% | -19.3% | -52.5% | -2.6% | +18.5% | +4.0% | +41.2% | +39.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 113.4% YoY to 1.30x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.08 | 0.06 | 0.06 | 20.34 | — | 3.60 | 3.00 | 2.50 | 3.46 | 1.72 | 1.44 | 1.42 |
| — | — | -98.3% | -98.0% | +714.8% | — | +109.0% | +107.8% | +76.0% | +182.4% | +96.1% | +81.7% | +284.5% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.30 | 1.30 | 1.90 | 2.43 | 0.67 | 0.61 | 0.40 | 0.51 | 2.18 | 1.47 | 1.90 | 2.41 | 2.74 |
| — | +113.4% | +370.2% | +377.4% | -69.3% | -58.5% | -78.7% | -78.8% | -20.3% | -40.1% | -43.1% | -43.0% | -36.1% | |
| Quick Ratio | 1.30 | 1.30 | 1.90 | 2.43 | 0.67 | 0.61 | 0.40 | 0.51 | 2.18 | 1.47 | 1.90 | 2.41 | 2.74 |
| — | +113.4% | +370.2% | +377.4% | -69.3% | -58.5% | -78.7% | -78.8% | -20.3% | -40.1% | -43.1% | -43.0% | -36.1% | |
| Interest Coverage | -11.71 | — | -10525.50 | -11.29 | -4.44 | -5.38 | -2.84 | -2.59 | -2.37 | -2.60 | -3.56 | -2.33 | -3.16 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 23 years · Updated daily
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Spire Global, Inc.'s current P/E is 10.2x. The average P/E over the last 1 quarters is 0.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Spire Global, Inc.'s current operating margin is -121.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Spire Global, Inc.'s business trajectory between earnings reports.