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Spire Global (SPIR) investor relations material
Spire Global Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary17 Dec, 2025
Executive summary
Achieved strong commercial and government contract wins, expanding remaining performance obligations to over $200 million, with major awards from NOAA, EUMETSAT, and the European Space Agency, and a growing global customer base across 45 countries.
Completed sale of maritime business for $238.9M, resulting in a $154.3M gain, significant changes to business mix, and full repayment of all outstanding long-term debt.
Expanded satellite manufacturing capacity, launching 12 satellites in November and preparing 9 more for early 2026, supporting increased data production and resilience.
Net income of $76.4M for the nine months, driven by the gain on sale, but core operations remain unprofitable with ongoing operating losses.
Significant progress made on internal control remediation, but material weaknesses and an ongoing SEC investigation persist.
Financial highlights
Q3 2025 GAAP revenue was $12.7M (down 56% YoY), with nine-month revenue at $55.7M (down 37% YoY), primarily due to the maritime business divestiture.
Full-year 2025 revenue guidance is $70.5–$72.5M; excluding maritime, expected 2025 revenue is ~$58.5M.
Non-GAAP operating loss for Q3 2025 was -$13.9M; full-year 2025 guidance is ($54.7)–($53.8)M.
Adjusted EBITDA for Q3 2025 was -$11.8M; full-year 2025 guidance is ($42.2)–($41.3)M.
Cash and marketable securities totaled $96.8M as of September 30, 2025.
Outlook and guidance
Expects over 30% revenue growth in 2026 compared to 2025, excluding maritime, driven by secured contracts, new satellite launches, and increased on-orbit capacity.
Approximately $70M of $223.1M in remaining performance obligations to be recognized as revenue in 2026.
Targeting Adjusted EBITDA and operating cash flow break-even to positive by Q4 2026.
Impact of business sale on Q2 profitability
RPO implications for future revenue
Debt payments impact on H1 cash flow
Spire's strategy for German defense market?
How did Spire double satellite production?
What new programs drive 2026 growth?
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Next Spire Global earnings date
Q4 202525 Mar, 2026
Next Spire Global earnings date
Q4 202525 Mar, 2026
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Frequently asked questions
Spire Global Inc provides space-based data, analytics, and services gathered from its constellation of small satellites. The company delivers insights related to weather forecasting, maritime tracking, aviation monitoring, and earth intelligence. Spire serves customers across sectors such as government, maritime, aviation, and logistics. The company is headquartered in Vienna, Virginia, and its shares are listed on the NYSE.
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