Spire Global Inc
For the period ended Mar 31, 2025. Filed May 14, 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.
Mar 31, 2025 · Filed May 14, 2025
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 Statements of Operations
(In thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $23,876 | $34,825 |
| Cost of revenue | 15,092 | 25,596 |
| Gross profit | 8,784 | 9,229 |
| Operating expenses: | ||
| Research and development | 8,509 | 6,037 |
| Sales and marketing | 4,735 | 5,118 |
| General and administrative | 15,810 | 9,844 |
| Loss on decommissioned satellites | 5,160 | 178 |
| Allowance for current expected credit loss on notes receivable | — | 40 |
| Total operating expenses | 34,214 | 21,217 |
| Loss from operations | (25,430) | (11,988) |
| Other income (expense): | ||
| Interest income | 20 | 454 |
| Interest expense | (5,730) | (5,053) |
| Change in fair value of contingent earnout liability | 1,038 | (45) |
| Change in fair value of warrant liabilities | 5,837 | (4,202) |
| Issuance of stock warrants | — | (2,399) |
| Foreign exchange gain (loss) | 3,826 | (1,786) |
| Other expense, net | (224) | (534) |
| Total other income (expense), net | 4,767 | (13,565) |
| Loss before income taxes | (20,663) | (25,553) |
| Income tax benefit | (6) | (9) |
| Net loss | $(20,657) | $(25,544) |
| Basic and diluted net loss per share | $(0.77) | $(1.17) |
| Weighted-average shares used in computing basic and diluted net loss per share | 26,787,097 | 21,813,045 |
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