Spire Global Inc
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
SPIR$9.46+9.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $51,985 | $29,144 |
| Marketable securities | 12,003 | 11,726 |
| Accounts receivable, net (including allowance of $271 and $586 as of March 31, 2024 and December 31, 2023, respectively) | 12,346 | 9,911 |
| Contract assets | 5,205 | 6,215 |
| Other current assets | 12,241 | 12,340 |
| Total current assets | 93,780 | 69,336 |
| Property and equipment, net | 71,853 | 71,209 |
| Operating lease right-of-use assets | 14,324 | 14,921 |
| Goodwill | 50,051 | 51,155 |
| Customer relationships | 18,467 | 19,363 |
| Other intangible assets | 11,994 | 12,660 |
| Other long-term assets, including restricted cash | 7,503 | 8,181 |
| Total assets | $267,972 | $246,825 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $5,869 | $8,012 |
| Accrued wages and benefits | 2,147 | 1,829 |
| Contract liabilities, current portion | 22,617 | 23,165 |
| Other accrued expenses | 11,309 | 8,540 |
| Total current liabilities | 41,942 | 41,546 |
| Long-term debt | 115,016 | 114,113 |
| Contingent earnout liability | 265 | 220 |
| Deferred income tax liabilities | 1,058 | 1,069 |
| Warrant liability | 10,672 | 5,988 |
| Operating lease liabilities, net of current portion | 12,488 | 13,079 |
| Other long-term liabilities | 1,221 | 272 |
| Total liabilities | 182,662 | 176,287 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity | ||
| Common stock, $0.0001 par value, 1,000,000,000 Class A and 15,000,000 Class B shares authorized, 24,315,589 Class A and 1,507,325 Class B shares issued and outstanding at March 31, 2024; 21,097,351 Class A and 1,507,325 Class B shares issued and outstanding at December 31, 2023 | 3 | 2 |
| Additional paid-in capital | 519,400 | 477,624 |
| Accumulated other comprehensive loss | (6,234) | (4,485) |
| Accumulated deficit | (427,859) | (402,603) |
| Total stockholders’ equity | 85,310 | 70,538 |
| Total liabilities and stockholders’ equity | $267,972 | $246,825 |
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