Spire Global, Inc.
For the period ended Sep 30, 2025. Filed Dec 17, 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, 2025 · Filed Dec 17, 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 Operations
(In thousands, except share and per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $12,670 | $28,568 | $55,728 | $88,792 |
| Cost of revenue | 8,027 | 15,843 | 32,997 | 55,927 |
| Gross profit | 4,643 | 12,725 | 22,731 | 32,865 |
| Operating expenses: | ||||
| Research and development | 9,116 | 5,631 | 27,970 | 19,185 |
| Sales and marketing | 2,816 | 5,655 | 12,759 | 15,941 |
| General and administrative | 13,762 | 12,303 | 48,598 | 32,156 |
| Loss on decommissioned satellites | — | 246 | 6,270 | 953 |
| Allowance for current expected credit loss on notes receivable | — | 2,609 | — | 2,689 |
| Total operating expenses | 25,694 | 26,444 | 95,597 | 70,924 |
| Loss from operations | (21,051) | (13,719) | (72,866) | (38,059) |
| Other income (expense): | ||||
| Interest income | 1,015 | 407 | 1,681 | 1,432 |
| Interest expense | (2) | (4,828) | (7,418) | (14,654) |
| Gain on sale of a business | — | — | 154,305 | — |
| Loss on extinguishment of debt | — | — | (12,008) | — |
| Change in fair value of contingent earnout liability | 617 | 515 | 1,428 | (717) |
| Change in fair value of warrant liabilities | 51 | 854 | 3,098 | (1,109) |
| Issuance of stock warrants | — | — | — | (2,399) |
| Foreign exchange (loss) gain | (17) | 4,872 | 10,774 | 2,573 |
| Other expense, net | (291) | (530) | (802) | (1,541) |
| Total other income (expense), net | 1,373 | 1,290 | 151,058 | (16,415) |
| (Loss) income before income taxes | (19,678) | (12,429) | 78,192 | (54,474) |
| Income tax (benefit) provision | (2) | 44 | 1,793 | 102 |
| Net (loss) income | $(19,676) | $(12,473) | $76,399 | $(54,576) |
| (Loss) income per share: | ||||
| Basic | $(0.61) | $(0.50) | $2.52 | $(2.30) |
| Diluted | $(0.61) | $(0.50) | $2.31 | $(2.30) |
| Shares used in computing (loss) income per share: | ||||
| Basic | 32,501,417 | 24,921,585 | 30,249,828 | 23,745,015 |
| Diluted | 32,501,417 | 24,921,585 | 31,410,136 | 23,745,015 |
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