Spire Global, Inc. (SPIR) Key Metrics
SPIR valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $350.1M
- Enterprise value
- $395.6M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 5.6 10-yr median 2.5
- Price / book
- 3.3 10-yr median 2.1
- EV / EBITDA
- 7.8
- Dividend yield
- —
- Beta
- 2.81
SPIR key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSPIR valuation Price multiples at each fiscal year-end price.
SPIR returns How much profit the business earns on the capital it uses.
SPIR per-share figures Results divided by the shares outstanding at year-end.
SPIR financial health Debt, liquidity and how easily interest is covered.
SPIR efficiency & capital use Working capital cycle and where the cash goes.
SPIR valuation history
SPIR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SPIR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SPIR price vs earnings per share
SPIR key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $239.6M | $339.9M | $153.1M | $134.3M | — | — | — |
| Enterprise value | $171.2M | $432.1M | $243.0M | $175.6M | — | — | — |
| P/E ratio | 4.7 | — | — | — | — | — | — |
| Price / sales | 3.3 | 3.1 | 1.6 | 1.9 | — | — | — |
| Price / book | 2.1 | — | 4.1 | 1.5 | — | — | — |
| EV / sales | 2.4 | 3.9 | 2.5 | 2.5 | — | — | — |
| EV / EBITDA | 2.2 | — | — | — | — | — | — |
| Earnings yield | 21.4% | −30.2% | −50.7% | −73.7% | — | — | — |
| Free cash flow yield | −38.6% | −13.2% | −35.0% | −49.7% | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | — | 0.0% | — | — | — |
| Share price at fiscal year-end | $7.50 | $14.07 | $7.82 | $7.68 | $27.04 | $80.08 | — |
| Per share | |||||||
| Revenue per share | $2.24 | $4.57 | $4.99 | $4.05 | — | — | — |
| Earnings per share | $1.61 | −$4.26 | −$3.96 | −$5.66 | — | — | — |
| Operating cash flow per share | −$1.87 | −$0.76 | −$1.85 | −$2.73 | — | — | — |
| Free cash flow per share | −$2.90 | −$1.86 | −$2.74 | −$3.82 | — | — | — |
| Cash per share | $2.56 | $0.79 | $2.09 | $4.02 | — | — | — |
| Book value per share | $3.53 | −$0.48 | $1.93 | $5.21 | — | — | — |
| Tangible book value per share | $2.77 | −$1.51 | −$2.32 | $0.37 | — | — | — |
| Capex per share | $1.03 | $1.10 | $0.89 | $1.08 | — | — | — |
| Debt per share | $0.42 | $4.61 | $6.68 | $6.38 | — | — | — |
| Shares outstanding | 32.0M | 24.2M | 19.6M | 17.5M | — | — | — |
| Change in shares outstanding | +32.2% | +23.4% | +12.0% | — | — | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 101.4% | — | −120.3% | −70.4% | −53.8% | — | — |
| Return on invested capital (ROIC) | −129.8% | −44.0% | −35.7% | −47.1% | −74.9% | −159.0% | −156.4% |
| Return on assets (ROA) | 25.4% | −47.5% | −31.3% | −36.3% | −22.8% | −71.2% | −68.9% |
| Return on tangible assets | 27.5% | −61.0% | −49.7% | −57.8% | −19.8% | −74.4% | −70.1% |
| Free cash flow margin | −129.4% | −40.8% | −55.0% | −94.3% | −169.6% | −88.4% | −142.8% |
| Income quality (OCF / net income) | −1.17 | — | — | — | — | — | — |
| Financial health | |||||||
| Total debt | $13.4M | $111.4M | $130.7M | $111.6M | $51.1M | $75.3M | $57.4M |
| Cash & short-term investments | $81.8M | $19.2M | $40.9M | $70.3M | $109.3M | $15.6M | $23.9M |
| Net debt | −$68.4M | $92.2M | $89.8M | $41.3M | −$58.1M | $59.7M | $33.5M |
| Debt / equity | 0.12 | — | 3.46 | 1.22 | 0.27 | — | — |
| Debt / assets | 0.06 | 0.58 | 0.55 | 0.44 | 0.18 | 1.69 | 1.22 |
| Net debt / EBITDA | −0.88 | — | — | — | — | — | — |
| Current ratio | 1.30 | 0.61 | 1.47 | 2.46 | 5.28 | 1.68 | 2.34 |
| Quick ratio | 1.30 | 0.61 | 1.47 | 2.38 | 5.28 | 1.62 | 2.34 |
| Interest coverage | -11.7 | -2.8 | -3.1 | -5.7 | -5.9 | -3.8 | — |
| Working capital | $21.5M | −$59.4M | $23.0M | $55.9M | $106.7M | $9.0M | $16.9M |
| Invested capital | $44.5M | $80.5M | $127.6M | $132.5M | $132.1M | $11.0M | $14.9M |
| Tangible asset value | $88.4M | −$36.6M | −$45.4M | $6.4M | $92.4M | −$49.5M | −$19.4M |
| Net current asset value | −$4.3M | −$113.1M | −$129.1M | −$70.7M | $31.6M | −$70.9M | −$36.1M |
| Graham number | $11.30 | — | — | — | — | — | — |
| Graham net-net per share | −$0.31 | −$7.29 | −$7.37 | −$4.56 | — | — | — |
| Capital allocation | |||||||
| Share buybacks (net) | — | — | — | $0 | — | — | — |
| Capex / revenue | 45.8% | 24.1% | 17.8% | 26.7% | 35.9% | 36.6% | 50.5% |
| Capex / depreciation | 2.12 | 1.00 | 0.82 | 0.91 | 1.83 | 1.88 | 0.93 |
| Stock-based compensation / revenue | 26.1% | 19.8% | 13.3% | 16.2% | 26.8% | 7.6% | 10.2% |
| R&D / revenue | 51.3% | 26.4% | 28.3% | 31.2% | 72.9% | 72.8% | 81.5% |
| SG&A / revenue | 110.9% | 45.0% | 69.4% | 103.7% | 140.3% | 80.0% | 84.5% |
| Efficiency | |||||||
| Days sales outstanding | 55.8 | 58.2 | 74.3 | 81.3 | 78.4 | 55.0 | 70.7 |
| Days of inventory on hand | — | — | — | 20.6 | — | 25.7 | — |
| Days payables outstanding | 113.9 | 50.7 | 39.6 | 36.2 | 74.1 | 42.1 | 14.7 |
| Cash conversion cycle (days) | -58.1 | 7.5 | 34.7 | 65.8 | 4.4 | 38.6 | 56.0 |
| Receivables turnover | 6.54 | 6.27 | 4.91 | 4.49 | 4.65 | 6.64 | 5.16 |
| Payables turnover | 3.20 | 7.20 | 9.21 | 10.10 | 4.93 | 8.66 | 24.79 |
| Inventory turnover | — | — | — | 17.68 | — | 14.19 | — |
| Asset turnover | 0.35 | 0.51 | 0.39 | 0.26 | 0.26 | 0.62 | 0.39 |
| Average receivables | $10.9M | $17.6M | $19.9M | $15.8M | $9.3M | $4.3M | $3.6M |
| Average payables | $13.2M | $9.8M | $6.4M | $5.3M | $3.8M | $1.2M | $600,000 |
| Average inventory | — | — | — | $3.0M | — | $725,000 | — |
| Intangibles / total assets | 11.6% | 12.9% | 34.8% | 33.1% | 33.7% | 1.7% | 1.6% |
Computed from SPIR's annual financial statements (latest annual report filed March 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SPIR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Spire Global traded at 4.7 times earnings. Spire Global earned a return on equity of 101.4% and a return on invested capital of −129.8% in fiscal 2025. It ended the year with $13.4 million of debt and $81.8 million in cash and short-term investments, a net cash position of $68.4 million.
See the SPIR income statement, the SPIR chart for price history, or the SPIR stock overview for the latest quote and news.
SPIR key metrics FAQ
What is Spire Global's P/E ratio?
Spire Global traded at 4.7 times earnings at the end of fiscal 2025.
What is Spire Global's EV/EBITDA?
Spire Global's enterprise value was 2.2 times EBITDA at the end of fiscal 2025 (enterprise value $171.2 million, EBITDA $77.8 million); the current EV/EBITDA is 7.8.
What is Spire Global's return on equity?
Spire Global's return on equity (ROE) was 101.4% in fiscal 2025: net income of $51.3 million on average shareholders' equity of $50.6 million.
What is Spire Global's ROIC?
Spire Global's return on invested capital was −129.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Spire Global have?
Spire Global had total debt of $13.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.12 and more cash than debt.
What is Spire Global's free cash flow yield?
Spire Global generated -$92.6 million of free cash flow in fiscal 2025, a free cash flow yield of −38.6% on its market value at year-end ($239.6 million).
What is Spire Global's current ratio?
Spire Global's current ratio was 1.30 at the end of fiscal 2025: current assets were 1.30 times current liabilities.