Spire Global, Inc. (SPIR) Income Statement
SPIR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSPIR revenue and net income
Where SPIR's revenue goes
2025Each bar shows an amount and its share of revenue. SPIR kept 71.7% of revenue as net income.
SPIR profit margins
SPIR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −35.2% | +0.4% | +20.2% | — |
| Gross profit | −26.9% | +19.4% | +9.9% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SPIR quarterly EPS vs estimates
Spire Global beat the analyst EPS estimate in 4 of the last 8 quarters.
SPIR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $71.6M | $110.5M | $97.6M | $70.8M | $43.4M | $28.5M | $18.5M |
| Cost of revenue | $42.4M | $70.6M | $59.0M | $53.6M | $18.7M | $10.3M | $14.9M |
| Gross profit | $29.2M | $39.9M | $38.6M | $17.1M | $24.7M | $18.2M | $3.6M |
| Research & development | $36.7M | $29.2M | $27.6M | $22.1M | $31.6M | $20.8M | $15.1M |
| Sales, general & admin | $79.3M | $49.7M | $67.8M | $73.4M | $60.9M | $22.8M | $15.6M |
| Total operating expenses | $116.0M | $97.8M | $97.4M | $96.0M | $92.5M | $44.2M | $33.1M |
| Operating income | −$86.9M | −$58.0M | −$58.8M | −$78.9M | −$67.8M | −$26.0M | −$29.4M |
| Interest income | $2.4M | $1.5M | $2.3M | $948,000 | $23,000 | $54,000 | — |
| Interest expense | $7.4M | $20.4M | $19.0M | $14.0M | $11.4M | $6.8M | $0 |
| Income before taxes | $54.9M | −$102.7M | −$77.7M | −$98.7M | −$37.6M | −$32.1M | −$32.0M |
| Income taxes | $3.6M | $159,000 | −$142,000 | $285,000 | $497,000 | $400,000 | $334,000 |
| Net income | $51.3M | −$102.8M | −$77.6M | −$99.0M | −$38.1M | −$32.5M | −$32.3M |
| EBITDA | $77.8M | −$55.7M | −$37.5M | −$64.1M | −$17.7M | −$19.8M | −$17.0M |
| EPS (diluted) | −$1.98 | −$1.88 | −$2.45 | −$2.74 | −$2.44 | −$0.13 | — |
| Gross margin | 40.8% | 36.1% | 39.5% | 24.2% | 56.8% | 63.9% | 19.6% |
| Operating margin | −121.4% | −52.5% | −60.2% | −111.5% | −156.4% | −91.3% | −159.3% |
| Net margin | 71.7% | −93.1% | −79.5% | −139.9% | −87.8% | −114.1% | −174.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.0M | $15.8M | $15.8M | $12.7M | $23.9M | $21.7M | $28.6M | $25.4M | $34.8M | $24.2M | $22.1M | $26.5M |
| Cost of revenue | $11.9M | $9.5M | $9.4M | $8.0M | $15.1M | $14.6M | $15.8M | $14.5M | $25.6M | $17.8M | $12.6M | $9.6M |
| Gross profit | $6.2M | $6.3M | $6.4M | $4.6M | $8.8M | $7.0M | $12.7M | $10.9M | $9.2M | $6.4M | $9.5M | $16.9M |
| Research & development | $8.2M | $8.7M | $8.7M | $9.1M | $8.5M | $10.0M | $5.6M | $7.5M | $6.0M | $4.7M | $7.9M | $9.8M |
| Sales, general & admin | $17.3M | $18.1M | $18.0M | $16.6M | $20.5M | $18.1M | $18.0M | $15.2M | $15.0M | $8.6M | $18.2M | $17.6M |
| Total operating expenses | $26.1M | $23.5M | $26.7M | $25.7M | $34.2M | $37.7M | $42.0M | $37.2M | $21.2M | $19.5M | $26.3M | $27.9M |
| Operating income | −$19.9M | −$17.2M | −$20.3M | −$21.1M | −$25.4M | −$30.7M | −$13.5M | −$11.8M | −$12.0M | −$13.1M | −$16.8M | −$11.0M |
| Interest income | $782,000 | $474,000 | $755,000 | $1.0M | $20,000 | $115,000 | $407,000 | $571,000 | $454,000 | $591,000 | $540,000 | $636,000 |
| Interest expense | $0 | $0 | $0 | $2,000 | $5.7M | $5.7M | $4.8M | $4.8M | $5.1M | $5.0M | $4.7M | $4.7M |
| Income before taxes | −$19.7M | −$25.8M | −$23.3M | −$19.7M | −$20.7M | −$48.2M | −$12.4M | −$16.5M | −$25.6M | −$17.8M | −$23.3M | −$16.1M |
| Income taxes | $263,000 | $55,000 | $1.8M | −$2,000 | −$6,000 | $57,000 | — | — | −$9,000 | −$578,000 | −$1,000 | $213,000 |
| Net income | −$20.0M | −$25.8M | −$25.1M | −$19.7M | −$20.7M | −$48.2M | −$12.5M | −$16.6M | −$25.5M | −$17.2M | −$23.3M | −$16.3M |
| EBITDA | −$14.9M | −$22.0M | −$19.6M | −$16.0M | −$9.8M | −$21.5M | — | — | −$12.9M | −$5.1M | −$13.8M | −$6.5M |
| EPS (diluted) | −$0.39 | −$0.37 | −$0.39 | −$0.48 | −$0.63 | −$0.50 | −$0.43 | −$0.42 | −$0.53 | −$0.58 | −$0.51 | −$0.56 |
| Gross margin | 34.1% | 39.8% | 40.6% | 36.6% | 36.8% | 32.4% | 44.5% | 43.0% | 26.5% | 26.6% | 42.9% | 63.6% |
| Operating margin | −110.2% | −108.4% | −128.0% | −166.1% | −106.5% | −141.6% | −47.2% | −46.5% | −34.4% | −54.0% | −76.0% | −41.5% |
| Net margin | −110.6% | −163.2% | −158.6% | −155.3% | −86.5% | −222.7% | −43.7% | −65.2% | −73.3% | −71.0% | −105.5% | −61.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SPIR's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SPIR financial results
In fiscal year 2025 (ended December 31, 2025), Spire Global reported revenue of $71.6 million, down 35.2% from the year before. It had net income of $51.3 million, a net profit margin of 71.7%. Diluted earnings per share came to −$1.98. Over five years revenue grew at an average rate of 20.2% a year.
See the SPIR stock overview for the latest quote and news, or the SPIR chart for price history and technical indicators.
SPIR income statement FAQ
What is Spire Global's annual revenue?
Spire Global reported total revenue of $71.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 35.2% from $110.5 million the previous year.
Is Spire Global profitable?
Yes. Spire Global reported net income of $51.3 million in fiscal 2025, a net profit margin of 71.7%; its operating margin was −121.4%.
What is Spire Global's gross margin?
Spire Global's gross margin was 40.8% in fiscal 2025: for every $100 of revenue, Spire Global kept $41 after the direct cost of its products and services.
How much does Spire Global spend on research and development?
Spire Global spent $36.7 million on research and development in fiscal 2025, 51.3% of revenue.
How fast is Spire Global growing?
Revenue grew 20.2% a year on average over the last five fiscal years, from $28.5 million to $71.6 million.
What are Spire Global's earnings per share?
Spire Global earned $-1.98 per diluted share in fiscal 2025, compared with $-1.88 a year earlier.
When does Spire Global's fiscal year end?
Spire Global's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.