SPIRNYSECommunications Services, NECUS GAAP · USD

Spire Global, Inc.

Spire Global, Inc. is a U.S.-based space data company that builds, owns, and operates a satellite constellation to collect radio-frequency observations of the Earth. It combines satellite data, analytics, and space services to deliver information products to customers across multiple industries worldwide.

Kysy yhtiöstä
Liikevaihto71,6milj. USD
−35,2 %v/v
Liikevoitto (EBIT)−96,0milj. USD
−38,6 %v/v
EBIT-marginaali−134,1%
−71,4 %-yks.v/v
Nettotulos51,3milj. USD
+149,9 %v/v
Vapaa kassavirta−92,6milj. USD
−105,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−100−50050100150milj. USD2020: 28 milj. USD2020: EBIT 26 milj. USD20202021: 43 milj. USD2021: EBIT −68 milj. USD20212022: 80 milj. USD2022: EBIT −69 milj. USD20222023: 106 milj. USD2023: EBIT −45 milj. USD20232024: 110 milj. USD2024: EBIT −69 milj. USD20242025: 72 milj. USD2025: EBIT −96 milj. USD202572−96
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Clean Data25 %

Raw Earth-observation and radio-frequency data collected from Spire's satellite constellation.

Smart Data20 %

Enhanced datasets that combine clean data with third-party sources and proprietary analysis.

Predictive Solutions20 %

AI- and machine-learning-based analytics that generate forecasts and insights from fused datasets.

Solutions15 %

Application-layer offerings that turn data into actionable recommendations for specific use cases.

Space Services20 %

API-based access to customized data and space infrastructure for customer-specific needs.

Tuotteet

Raportoitu · osuus liikevaihdosta
77,5%22,5%FY2025100 %
  • Subscription Based Contract77,5 %
  • Non Subscription Based Contracts22,5 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Spire sells to global customers across aviation, logistics, government, and other industries that need timely Earth and space-based data. Customers buy either subscription access or project-based services, often to improve operational decisions, forecasting, monitoring, or compliance workflows. The company also uses reseller partners when that improves distribution.

Aviation

Buys data and analytics for flight operations, planning, and situational awareness.

Logistics

Uses satellite-derived data to improve routing, asset visibility, and operational decisions.

Government (civil and defense/intelligence)

Purchases monitoring, intelligence, and analytics solutions for mission use cases.

Weather and Climate

Buys predictive datasets and analytics for forecasting and environmental monitoring.

Other commercial industries

Includes energy, financial services, agriculture, transportation, and insurance customers.

Strategia

Spire is focused on expanding its customer base, increasing sales to existing customers, and improving the value of its data and analytics stack. It also invests in satellite, ground-station, and data-analytics capabilities while using acquisitions to add complementary technology and shorten product development cycles.

Expand customer penetration and cross-sellLyhyt aikaväli

Higher solution adoption increases revenue per customer and improves retention economics.

Invest in core space and data infrastructureKeskipitkä aikaväli

Satellite, ground-station, and analytics capabilities underpin product quality and differentiation.

Expand into new industries and geographiesKeskipitkä aikaväli

Broader end markets reduce dependence on a few verticals and support long-term growth.

Use acquisitions to complement the platformPitkä aikaväli

Acquisitions can add technology, talent, and product breadth faster than internal build-out.

Maantiede

Spire serves customers globally, with revenue concentrated in the Americas, EMEA, and APAC rather than any single country. The company reports broad international exposure, and its customer base and sales opportunities extend into Latin America, Africa, and the Middle East as well as its core regions.

Riskit

Spire depends on continued demand for subscription and project-based data services, and its results can fluctuate with contract timing and customer mix. The business is also exposed to global trade, regulatory, geopolitical, and capital-market risks, while its satellite assets face technology and lifecycle risks inherent to space operations.

Järjestetty vakavuuden mukaan
Geopolitical and trade disruptionKorkea

The company sells globally and is exposed to tariffs, policy shifts, and cross-border restrictions.

KohdistuuAmericasEMEAAPAC
Revenue timing and mix volatilityKorkea

Non-subscription contracts can be recognized unevenly, causing quarter-to-quarter swings.

Kohdistuu: Subscription vs project-based revenue

Dependence on a limited set of end marketsKorkea

Aviation, logistics, and government are core demand drivers, so weakness in these markets can slow growth.

Kohdistuu: Commercial and government demand

Satellite constellation and technology lifecycle riskKeskitaso

Space assets require ongoing replacement, maintenance, and technology refresh to remain useful.

Kohdistuu: Nanosatellites and ground stations

Financial asset and liquidity riskKeskitaso

Marketable securities are exposed to credit, liquidity, market-price, and interest-rate changes.

Kohdistuu: Investment portfolio

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Subscription and project contracts are recognized differently, creating volatility in reported revenue.

Vaikutus: Affects quarterly revenue mix and comparability

Purchased data rights amortization

Acquired data rights and technologies are amortized over estimated useful lives, which require judgment.

Vaikutus: Affects operating expenses and non-GAAP adjustments

Satellite asset useful lives

Space assets depend on estimates of remaining life and replacement timing.

Vaikutus: Affects depreciation and asset carrying values

Fair value of marketable securities

The investment portfolio is subject to market-price and interest-rate changes.

Vaikutus: Affects other income and liquidity assessment

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026