Spire Global Reports Q1 2025 Financial Results

Spire Global, Inc. ( (SPIR) ) has released its Q1 earnings. Here is a breakdown of the information Spire Global, Inc. presented to its investors.

Spire Global, Inc. is a global provider of space-based data, analytics, and space services, leveraging a fully deployed satellite constellation to offer insights into weather, ship and plane movements, and more, with operations across the U.S., Canada, UK, Luxembourg, Germany, and Singapore. In its first quarter of 2025, Spire Global reported a revenue of $23.9 million, with significant contributions from the Americas and Europe, Middle East, and Africa. The company also highlighted a 5% year-over-year improvement in cash flows used in operations and the successful retirement of all debt by the end of April 2025, leaving it with $136 million in cash, cash equivalents, and marketable securities. Key financial metrics for the quarter included a net loss of $20.7 million and a gross profit of $8.8 million, with notable strategic achievements such as securing a Can$72 million contract with the Government of Canada for wildfire monitoring and advancing satellite technology with a two-way optical link. Looking ahead, Spire Global’s management remains optimistic about the company’s strategic positioning and capabilities, anticipating continued growth driven by rising defense budgets and demand for actionable insights into extreme weather, while expecting to maintain over $100 million in cash and equivalents by year-end 2025.