AI Earnings Predictions for Spire Global Inc. (SPIR)

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1 Spire Global Announces First Quarter 2026 Results ● First quarter 2026 revenue was $15.8 million, above the high end of the guidance range, down 34% year-over-year, and up 13% excluding the maritime business(1)

● Net loss of $25.8 million and adjusted EBITDA(1) of ($10.2) million in first quarter 2026, with adjusted EBITDA(1) above the high end of the guidance range, reflect a 10% year-over-year increase in net loss and 29% year-over-year decline in adjusted EBITDA(1)

VIENNA, VA, May 13, 2026 – Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics and intelligence, announced results for its quarter ended March 31, 2026. The Company will hold a webcast at 5:00 p.m. ET today to discuss the results.

“We started the year with a clear goal of growing revenue on an ex-maritime basis, and in the first quarter, we didn't just meet our expectations - we exceeded them,” said Theresa Condor, Spire CEO. “The foundation we've built over years is now translating directly into growth, and as that momentum compounds through the year, we expect performance that reflects the potential of what we've built."

First Quarter 2026 Highlights

Financial:

● First quarter 2026 GAAP revenue was $15.8 million, reflecting a 34% year-over-year decrease primarily associated with selling the maritime business at the end of April 2025. Excluding the maritime business, revenue increased 13% on a year-over-year basis. The first-quarter increase was primarily driven by higher radio occultation and ocean winds data sales under National Oceanic and Atmospheric Administration (NOAA) awards. The first quarter 2026 revenue result was above the high end of Spire’s financial outlook for that time period.

● First quarter 2026 GAAP gross margin improved 4 percentage points year-over-year to 40%, and non-GAAP gross margin(1) increased 5 percentage points year-over-year to 44%. First quarter 2026 GAAP and non-GAAP gross margin improvement over first quarter 2025 primarily reflects the impact of lower software and depreciation expenses.

● First quarter 2026 net loss was $25.8 million, a 10% increase year-over-year, and adjusted EBITDA(1) was ($10.2) million, a 29% decline year-over-year. First quarter 2026 net loss increased and adjusted EBITDA declined year-over-year primarily driven by $9.7 million in lower revenue due to the sale of the maritime business. Adjusted EBITDA for the first quarter was above the high end of Spire’s financial outlook for that period.

● In April 2026, Spire raised $70.0 million of gross proceeds for working capital and general corporate purposes, including, without limitation, accelerating growth across emerging opportunities in the U.S. and international markets for space reconnaissance and government procurement of commercial space-based weather data. First quarter 2026 cash flow used in operations was $26.2 million. Cash usage in the quarter reflected working‑capital dynamics and elevated legal and professional fees. Cash, cash equivalents, and marketable securities as of March 31, 2026 were $49.5 million. Spire continues to maintain a debt-free balance sheet.

1 Non-GAAP Financial Measure, please see section titled Non-GAAP Financial Measures for the definition of such measures and the reconciliation tables at the end of this release for reconciliation to the most directly comparable GAAP measure.

Business:

● During the first quarter of 2026, Spire launched 19 satellites across 2 missions, including Spire's Hyperspectral Microwave Sounder (HyMS) satellite demonstrator, a compact, space-ready sensor built to advance global weather forecasting from space. Also during the quarter, Spire successfully received its first data from the HyMS demonstrator satellite, marking the mission's "first light" milestone and validating its hyperspectral microwave sensing capabilities with our end user community.

● In the first quarter of 2026, Spire continued to build momentum across its radio-frequency geolocation (RFGL) business. Two launches in the first quarter expanded the Company's collection capacity with six new satellite pairings. That infrastructure growth translated directly into commercial traction, with five new RFGL orders from U.S. customers and three new international RFGL customer awards in the quarter.

● The launches during the first quarter of 2026 also included Spire's seventh Optical Inter-Satellite Link (OISL) satellite, marking a further development in the Company's capabilities for direct optical communication between satellites. This technology enables satellites to communicate directly in orbit using laser links, facilitating faster, more secure data delivery and reducing reliance on ground station proximity.

● During the first quarter of 2026, Spire successfully demonstrated single-satellite RFGL techniques on orbit, including the detection and geolocation of S-band and X-band radio frequency s

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

Spire Global Announces Fourth Quarter and Full Year 2025 Results

● Fourth quarter 2025 revenue was $15.8 million, down 27% year-over-year, and up 44% excluding the maritime business(1); Sequentially, revenue increased 25%, or 36% excluding the maritime business(1)

● Net loss of $25.1 million and adjusted EBITDA(1) of ($9.7) million in fourth quarter 2025 reflects a 49% year-over-year improvement in net loss and 8% year-over-year improvement in adjusted EBITDA(1)

● Cash flows used in operations of $4.3 million for fourth quarter 2025 reflects a 78% year-over-year improvement

VIENNA, VA, March 18, 2026 – Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a global provider of satellite data, analytics and intelligence, announced results for its quarter and year ended December 31, 2025. The Company will hold a webcast at 8:30 a.m. ET today to discuss the results.

“In the fourth quarter, Spire delivered both year-over-year and sequential top-line growth, reinforcing our optimistic outlook for the coming years,” said Theresa Condor, Spire CEO. “This performance is rooted in a global reality: space is now recognized as critical infrastructure for national security. At Spire, we bring a level of operational experience that few can match in a market that favors companies capable of delivering the security and safety capabilities needed today.”

Fourth Quarter and Full Year 2025 Highlights

Financial:

● Fourth quarter 2025 GAAP revenue was $15.8 million, reflecting a 27% year-over-year decrease primarily associated with selling the maritime business at the end of April 2025. Excluding the maritime business, revenue increased 44% on a year-over-year basis. On a sequential basis, GAAP revenue increased 25% for the fourth quarter, and revenue excluding the maritime business increased 36%. Fourth-quarter increases on a sequential basis were primarily driven by higher radio occultation and ocean winds data sales under National Oceanic and Atmospheric Administration (NOAA) awards, along with increased revenue recognition from space services. For the full year 2025, total revenue was $71.6 million. The fourth quarter and full year 2025 revenue results met the mid-point of Spire’s financial outlook for those time periods.

● Fourth quarter 2025 GAAP gross margin improved 8 percentage points year-over-year to 41%, and non-GAAP gross margin1 increased 5 percentage points year-over-year to 43%. Fourth quarter 2025 GAAP and non-GAAP gross margin improvement over fourth quarter 2024 reflects the impact of greater operating leverage across headcount and infrastructure costs.

● Fourth quarter 2025 net loss was $25.1 million, a 49% improvement year-over-year, and adjusted EBITDA(1) was ($9.7) million, an 8% improvement year over year. Fourth quarter 2025 net loss improved year-over-year primarily driven by changes in foreign exchange, the fair value of warrant liabilities and other unusual and infrequent costs. Adjusted EBITDA improved year-over-year due to greater operating leverage across headcount and infrastructure costs. Adjusted EBITDA for the fourth quarter was better than the high end of Spire’s financial outlook for those periods.

1 Non-GAAP Financial Measure, please see section titled Non-GAAP Financial Measures for the definition of such measures and the reconciliation tables at the end of this release for reconciliation to the most directly comparable GAAP measure.

● Fourth quarter 2025 cash flow used in operations was $4.3 million, which was a 78% improvement year-over-year. Cash usage in the quarter reflected revenue timing effects, working‑capital dynamics related to satellite manufacturing, and elevated legal and professional fees. Cash, cash equivalents, and marketable securities as of December 31, 2025 were $81.8 million. Spire continues to maintain a debt-free balance sheet.

Business:

● During the fourth quarter, Spire launched 12 satellites across 2 missions and shipped 9 satellites for a launch that was successfully completed in January 2026. The 21 satellites launched contained a number of different capabilities, including payloads to: begin collecting S and X-band signals to support its space reconnaissance operations, leveraging a single satellite and its small form-factor to geolocate targets and deliver insights that traditionally require larger platforms or multiple satellites; strengthen Spire’s dual use constellation and increase data capacity of high-quality atmospheric and radio-frequency data for global weather, climate, and commercial intelligence; monitor greenhouse gas emissions and support IoT applications for space services customers; and collect hyperspectral microwave sounding data via a demonstrator satellite, which is designed to advance global weather forecasting and unlock new revenue opportunities for the company.

● Spire was awarded a contract for the Missile Defense Agency Scalable Homeland Innovative Enterpri

8-K

0001816017false00018160172025-12-172025-12-17

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 17, 2025

SPIRE GLOBAL, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-39493

85-1276957

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

8000 Towers Crescent Drive Suite 1100

Vienna, Virginia

22182

(Address of principal executive offices)

(Zip code)

Registrant’s telephone number, including area code: (202) 301-5127

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A common stock, par value of $0.0001 per share

SPIR

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On December 17, 2025, Spire Global, Inc. (“Spire”) issued a news release announcing its financial results for the quarter ended September 30, 2025. Spire will also host an earnings call on December 17, 2025, during which Spire will discuss its financial results for the quarter ended September 30, 2025 and provide a business update. A copy of the news release issued by Spire is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibits

Description

99.1

News release of Spire Global, Inc. dated December 17, 2025 announcing financial results for the quarter ended September 30, 2025.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SPIRE GLOBAL, INC.

Date:

December 17, 2025

By:

/s/ Theresa Condor

Name: Title:

Theresa Condor President and Chief Executive Officer