Spire Global (SPIR)
NYSE:SPIR
Want to see SPIR full AI Analyst Report?
Earnings Data
Report Date
Nov 11, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution and visible progress: revenue beat guidance, core revenue grew 13% YoY, gross margin expanded 5 points, RFGL and HyMS technical milestones have converted into early revenue and orders, manufacturing and reserved launch capacity provide durable competitive advantages, and the company strengthened its cash position with a $65.5M placement. Near-term challenges remain: meaningful operating losses (adjusted EBITDA negative), significant Q1 operating cash burn driven by working capital and elevated professional fees, and execution/delivery and European procurement timing risks that could affect the cadence of back-half revenue. Overall, the positives—contract coverage (76% of 2026 guidance), technology validation, commercial and government wins, and strengthened runway—outweigh the near-term financial headwinds and timing risks.Company Guidance
Revenue Beat and Strong Top-Line Guidance
Q1 GAAP revenue was $15.8M, which came in above the high end of guidance. Full-year 2026 revenue guidance reaffirmed at $75M–$85M (over 50% YoY growth ex-maritime at the midpoint).
Core Revenue Growth
Core revenue ex-Maritime grew 13% year-over-year (Maritime revenue in Q1 was $1.9M and excluded from core growth).
Improving Gross Margin Profile
Non-GAAP gross margin was 44% in Q1, an improvement of 5 percentage points versus the prior-year quarter, with a long-term gross margin target of 60%–70%.
RF Geolocation (RFGL) Commercial Momentum and Technical Progress
Deployed 19 satellites across 2 launches, expanding RFGL collection capacity by 6 new satellite pairings; demonstrated single-satellite geolocation for S-band and X-band; secured 5 new U.S. RFGL orders and 3 new international RFGL customers—RFGL is converting from milestone to revenue.
Hyperspectral Microwave Sounder (HyMS) First Light and Early Sales
HyMS achieved first light with the demonstrator, is delivering on-orbit data that meets/exceeds technical targets, and Spire is already delivering/receiving payment for microwave sounder data; HyMS data is being integrated into NOAA and allied agency discussions.
AI Weather Model Outperformance
AI-S2S model outperformed the leading global subseasonal weather benchmark by 14.2% in the critical 3–6 week range using standard skill score methodology, providing differentiated value for energy trading and hedging workflows.
High Contracted Revenue Visibility
Approximately 76% of 2026 revenue guidance is under contract today, with additional visibility from sole-source procurements and an active bidding pipeline (more than $150M of 2026 NOAA opportunities in-flight).
Operational Moats: Launch Reservations and Transatlantic Manufacturing
Spire has launched >240 satellites across >40 campaigns, reserved launch capacity through 2028, and operates scaled manufacturing across the U.S., Europe and the U.K. (total manufacturing capacity cited across sites at ~300–400 satellites), enabling sovereign-ready offerings and faster deployment than many peers.
Strengthened Cash Position and Debt-Free Balance Sheet
Exited Q1 with ~ $50M in cash and marketable securities and closed a private placement on April 10 adding $65.5M net proceeds, substantially increasing runway; company remains debt-free and expects cash to fund through adjusted EBITDA breakeven and beyond.
SPIR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SPIR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $18.37 | $18.22 | -0.82% |
Mar 18, 2026 | $10.84 | $10.74 | -0.92% |
Nov 11, 2025 | $8.56 | $8.41 | -1.75% |
Aug 06, 2025 | $9.81 | $9.78 | -0.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Spire Global (SPIR) report earnings?
Spire Global (SPIR) is schdueled to report earning on Nov 11, 2026, After Close (Confirmed).
What is Spire Global (SPIR) earnings time?
Spire Global (SPIR) earnings time is at Nov 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SPIR EPS forecast?
Currently, no data Available