Saturday 7 November 2026
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Spire Global, Inc.
SPIR Industrials Specialty Business Services
Spire Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $71.6 million, down 35.2% from fiscal 2024.
- Revenue
- −5.91%
- EPS
- −113.7%
- Free cash flow
- +25.5%
Quarter to June 2026, against a year earlier
8.65
0.94
+12.19%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 28 | 43 | 71 | 98 | 110 | 72 | 62 | +20.2% | 80 | 100 | — | +18.0% | |
| Gross margin, % | — | — | — | — | 63.90 | 56.84 | 24.22 | 39.53 | 36.10 | 40.76 | 37.74 | (23.1) pt | ||||||
| EBT | — | — | — | — | (32) | (38) | (99) | (78) | (103) | 55 | (88) | n/m | ||||||
| EBT margin, % | — | — | — | — | (112.69) | (86.67) | (139.51) | (79.60) | (93.44) | 76.75 | (141.80) | +189.4 pt | ||||||
| Net income | — | 0 | — | — | (33) | (38) | (99) | (78) | (103) | 51 | (91) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 12.94 | 5.58 | 4.05 | 4.99 | 4.57 | 2.31 | 1.63 | (29.1%) | |||||
| Earnings | — | — | — | — | (14.77) | (4.90) | (5.12) | (3.96) | (4.26) | 1.66 | (2.67) | n/m | ||||||
| Cash flow | — | — | — | — | (6.71) | (7.47) | (2.62) | (1.85) | (0.76) | (1.94) | (1.72) | (22.0%) | ||||||
| Capex | — | — | — | — | (4.73) | (2.01) | (1.20) | (0.89) | (1.10) | (1.06) | (0.88) | (25.9%) | ||||||
| Free cash flow | — | — | — | — | (11.44) | (9.47) | (3.82) | (2.74) | (1.86) | (3.00) | (2.60) | (23.5%) | ||||||
| Book value | — | — | — | — | (22.14) | 24.49 | 5.21 | 1.93 | (0.48) | 3.65 | 3.77 | n/m | ||||||
| Shares, m | — | — | — | — | 2 | 8 | 17 | 20 | 24 | 31 | 34 | +69.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.84 | 0.00 | 0.8 | |||||
| P/S | — | — | — | — | 0.00 | 4.84 | 1.98 | 1.55 | 3.08 | 3.24 | 5.30 | 2.4 | ||||||
| P/B | — | — | — | — | 11.56 | 1.10 | 1.53 | 4.01 | 0.00 | 2.05 | 2.29 | 3.4 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 3.50 | 2.41 | 2.33 | 3.80 | 3.56 | 5.51 | 2.6 | ||||||
| EV/FCF | — | — | — | — | 0.00 | (2.06) | (2.55) | (4.24) | (9.31) | (2.75) | (3.45) | (3.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (15) | (58) | (46) | (36) | (18) | (60) | (66) | +32.3% | |||||
| Capex | — | — | — | — | (10) | (16) | (21) | (17) | (27) | (33) | (34) | +25.8% | ||||||
| Free cash flow | — | — | — | — | (25) | (74) | (67) | (54) | (45) | (93) | (100) | +29.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 9 | 107 | 56 | 23 | (59) | 21 | 51 | +19.0% | |||||
| Net debt | — | — | — | — | 60 | (58) | 31 | 73 | 79 | (82) | (92) | n/m | ||||||
| Shareholders’ equity | — | — | — | — | (49) | 190 | 91 | 38 | (12) | 113 | 144 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (146.34) | (22.77) | (36.26) | (31.32) | (47.76) | 25.36 | (38.86) | +171.7 pt | |||||
| ROIC | — | — | — | — | (148.21) | (32.10) | (40.52) | (33.09) | (63.99) | (192.60) | (105.29) | (44.4) pt | ||||||
| ROE | — | — | — | — | 0.00 | 646.25 | (70.39) | (120.32) | (792.12) | 101.35 | (61.72) | +101.4 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 2 | 370 | 415 | 416 | 447 | 377 | — | +185.1% | |||||
| Revenue/emp, $m | — | — | — | — | 14.25 | 0.12 | 0.17 | 0.23 | 0.25 | 0.19 | — | (57.8%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026
Spire Global, Inc. vs peers in Specialty Business Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BUUU BUUU Group Limited | $997.0M | — | — | — | — | +124.80% (above 0%: growing) | — | — | Compare |
| TRNS Transcat, Inc. | $944.1M | 208× | 144× | +18.01% (above 0%: growing) | +83.57% (above 0%: growing) | −28.28% (below 0%: shrinking) | 33.61% | 5.18% | Compare |
| BKSY BlackSky Technology Inc. | $782.5M | — (loss-making) | — (loss-making) | +118.39% (above 0%: growing) | n/m | +100.16% (above 0%: growing) | 0.00% | 0.95% | Compare |
| KODK Eastman Kodak Company | $725.9M | — (loss-making) | 29.7× | +2.60% (above 0%: growing) | n/m | −129.41% (below 0%: shrinking) | 26.45% | 5.43% | Compare |
| CASS Cass Information Systems, Inc | $695.5M | 18.3× | 17.8× | +12.49% (above 0%: growing) | +19.94% (above 0%: growing) | +625.84% (above 0%: growing) | 93.21% | 0.00% | Compare |
| EBF Ennis, Inc. | $530.2M | 13.5× | — (loss-making) | +3.37% (above 0%: growing) | −27.45% (below 0%: shrinking) | +21.39% (above 0%: growing) | 29.89% | 13.31% | Compare |
| QUAD Quad Graphics, Inc | $391.9M | 13.7× | 11.1× | −0.22% (below 0%: shrinking) | −45.33% (below 0%: shrinking) | −18.66% (below 0%: shrinking) | 21.78% | 2.37% | Compare |
| SPIR Spire Global, Inc. | $313.2M | — (loss-making) | — (loss-making) | −5.91% (below 0%: shrinking) | n/m | +25.49% (above 0%: growing) | 34.12% | (110.22%) | |
| TISI Team, Inc. | $104.0M | — (loss-making) | 0.3× | −7.80% (below 0%: shrinking) | n/m | +47.47% (above 0%: growing) | 23.79% | 0.95% | Compare |
| Median of peers | $710.7M | 16.0× | 17.8× | +3.37% | −3.76% | +34.43% | 26.45% | 2.37% |
Pay and ownership Proxy statement filed 13 April 2026
Ownership
Directors and executive officers, together
27.60% of the votes
Theresa Condor & Peter Platzer
24.80% of the votes
325 Capital LLC
4.00% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement