Spire Global Inc
For the period ended Sep 30, 2024. Filed Mar 3, 2025.
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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.
Sep 30, 2024 · Filed Mar 3, 2025
SPIR$9.35-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (As Restated) | ||
| Cash flows from operating activities | ||
| Net loss | $(54,576) | $(60,364) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 16,351 | 11,642 |
| Stock-based compensation | 13,382 | 9,516 |
| Amortization of operating lease right-of-use assets | 4,104 | 2,185 |
| Amortization of debt issuance costs | 2,901 | 1,595 |
| Change in fair value of warrant liabilities | 1,109 | (984) |
| Change in fair value of contingent earnout liability | 717 | (217) |
| Issuance of stock warrants | 2,399 | — |
| Loss on decommissioned satellites and impairment of assets | 1,474 | 630 |
| Other, net | (232) | (526) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 741 | (4,834) |
| Contract assets | 812 | (345) |
| Other current assets | 8,660 | (7,396) |
| Other long-term assets | 1,544 | 1,261 |
| Accounts payable | 1,478 | (767) |
| Accrued wages and benefits | 675 | 1,249 |
| Contract liabilities | 452 | 10,991 |
| Other accrued expenses | 2,892 | (1,125) |
| Operating lease liabilities | (4,134) | (1,945) |
| Net cash provided by (used in) operating activities | 749 | (39,434) |
| Cash flows from investing activities | ||
| Purchases of short-term investments | (30,147) | (37,752) |
| Maturities of short-term investments | 34,897 | 41,500 |
| Purchase of property and equipment | (21,491) | (11,993) |
| Net cash used in investing activities | (16,741) | (8,245) |
| Cash flows from financing activities | ||
| Proceeds from Securities Purchase Agreements, net | 37,881 | — |
| Proceeds from long-term debt | — | 19,886 |
| Proceeds from issuance of common stock under the Equity Distribution Agreement, net | — | 7,866 |
| Payments on long-term debt | (20,113) | — |
| Proceeds from exercise of stock options | 269 | — |
| Proceeds from employee stock purchase plan | 370 | 422 |
| Net cash provided by financing activities | 18,407 | 28,174 |
| Effect of foreign currency translation on cash, cash equivalents and restricted cash | (2,486) | 2,291 |
| Net decrease in cash, cash equivalents and restricted cash | (71) | (17,214) |
| Cash, cash equivalents and restricted cash | ||
| Beginning balance | 29,641 | 47,569 |
| Ending balance | $29,570 | $30,355 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $10,964 | $12,068 |
| Income taxes paid | $46 | $585 |
| Noncash operating, investing and financing activities | ||
| Property and equipment purchased but not yet paid | $2,009 | $2,603 |
| Right-of-use assets obtained in exchange for lease liabilities | $490 | $4,795 |
| Accrued long-term debt issuance costs | $— | $1,875 |
| Conversion of warrants to Class A common stock | $— | $286 |
| Issuance of stock warrants with long-term debt (Note 8) | $— | $2,579 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.