Spire Global (SPIR) AI Stock Analysis

• Market Cap: $385.47M
• Dividend Yield: N/A
• Average Volume (3M): 569.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.07
• Revenue Growth: -11.82%
• EPS Growth: -2.53%
• Country: US
• Employees: 434
• Sector: Industrials
• Sector Strength: 88
• Industry: Specialty Business Services
• EPS (TTM): -770000.00
• Shares Outstanding: 31,076,658
• 10 Day Avg. Volume: 643,073
• 30 Day Avg. Volume: 569,938
• PEG Ratio: 0.00
• Price to Book (P/B): -5.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.79
• Enterprise Value/Market Cap: 0.35
• Enterprise Value/Revenue: 0.30
• Enterprise Value/Gross Profit: 3.38
• Enterprise Value/Ebitda: -0.71
• 1Y Price Target: $15.60
• Price Target Upside: 34.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 51 Neutral
• Price Target: $12.50 ▲(8.04%Upside)

The overall stock score of 51 reflects significant financial challenges, including high leverage and negative cash flow, despite some positive technical indicators and strategic achievements from recent corporate actions. The company's ongoing operational losses and revenue decline are major concerns, but steps towards financial stability offer a cautious outlook.

Positive Factors

Financial Position

The expected completion of the Kpler deal would significantly boost Spire's cash reserves, allowing them to pay off existing debt.

Government Contracts

Spire Global was selected by the US Space Force for a contract, which could allow the company to grow its business with this customer.

Revenue Growth

Spire Global's revenue growth in the second half of the year is expected to accelerate due to recent satellite launches.

Negative Factors

Cash Flow

The company experienced a free cash flow burn of approximately $45 million during the year, despite a 16% improvement year-over-year.

Equity Dilution

The securities purchase agreement involves selling shares at approximately 22% below the previous closing share price.

Operating Expenses

Spire Global's operating expenses increased significantly due to legal and accounting fees, impacting financial performance.

Spire Global Business Overview & Revenue Model

Company Description

Spire Global, Inc. develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc. has a strategic partnership with TAC Index Limited. Spire Global, Inc. was formerly known as Nanosatisfi, Inc. and changed its name to Spire Global, Inc. in July 2014. The company was incorporated in 2012 and is based in San Francisco, California with additional offices in Boulder, Colorado; Washington, D.C.; Glasgow, United Kingdom; Luxembourg; and Singapore.

How the Company Makes Money

Spire Global makes money through a subscription-based revenue model, where customers pay for access to its data and analytics services. The company's key revenue streams include data subscriptions, analytics solutions, and custom data services tailored to specific industry needs. Significant partnerships with government agencies, commercial enterprises, and research institutions also contribute to its earnings, as these collaborations often involve long-term contracts and recurring revenue. Additionally, Spire Global monetizes its infrastructure by offering satellite and data services to third parties, further diversifying its income sources.

Spire Global Financial Statement Overview

Summary

Spire Global's financial performance is weak due to consistent revenue declines, significant net losses, and high leverage. The negative net profit margin and deeply negative EBIT and EBITDA margins indicate severe operational challenges. The balance sheet is strained with high debt levels, and cash flow remains negative, requiring strategic actions to improve financial health.

Income Statement

Spire Global's revenue growth has been consistent, with a TTM revenue of $99.5 million compared to $110.5 million in the previous annual period, reflecting a decline. However, net losses have expanded significantly, evidenced by a negative net profit margin of -98.4% for the TTM. Gross profit margin stood at 39.6% in the TTM, indicating some operational efficiency but overshadowed by high operating losses. EBIT and EBITDA margins are deeply negative, suggesting significant operational challenges.

Balance Sheet

The balance sheet exhibits high leverage with a debt-to-equity ratio of 19.65 as of TTM, indicating substantial reliance on debt financing. Stockholders' equity is low at $5.56 million, resulting in a weak equity ratio of 2.66%. Return on equity is negative due to substantial net losses, underlining financial instability and high risk.

Cash Flow

The cash flow statement shows negative operating and free cash flow, with a TTM free cash flow of -$46.45 million. The operating cash flow to net income ratio is negative, highlighting cash flow challenges. However, there has been a slight improvement in cash flow from financing activities, providing some liquidity buffer.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
99.50M	110.45M	105.70M	80.27M	43.38M	28.49M
	Gross Profit
39.45M	39.89M	63.27M	39.94M	24.66M	18.20M
	EBIT
-82.18M	-68.73M	-44.65M	-68.55M	-67.83M	-25.34M
	EBITDA
-74.47M	-55.73M	-23.69M	-54.45M	-17.00M	-19.92M
	Net Income Common Stockholders
-97.93M	-102.82M	-63.96M	-89.41M	-19.31M	-32.50M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
35.93M	19.21M	40.86M	70.28M	109.26M	15.57M
	Total Assets
208.85M	193.57M	239.26M	256.51M	290.19M	44.42M
	Total Debt
109.13M	111.41M	130.70M	111.62M	51.12M	75.28M
	Net Debt
73.20M	92.21M	101.56M	64.43M	-58.13M	59.70M
	Total Liabilities
203.29M	205.26M	176.29M	146.39M	101.33M	93.16M
	Stockholders Equity
5.55M	-11.69M	37.78M	110.12M	188.86M	-48.74M
Cash Flow		Free Cash Flow
-46.45M	-45.03M	-53.66M	-66.73M	-73.56M	-25.19M
	Operating Cash Flow
-18.03M	-18.45M	-23.62M	-47.82M	-57.97M	-14.77M
	Investing Cash Flow
-7.27M	-14.23M	-17.65M	-41.83M	-120.85M	-10.41M
	Financing Cash Flow
18.79M	19.00M	23.91M	26.37M	270.53M	16.62M

Spire Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPIR, the sentiment is Positive. The current price of 11.57 is above the 20-day moving average (MA) of 11.22, above the 50-day MA of 9.95, and above the 200-day MA of 11.55, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 56.93 is Neutral, neither overbought nor oversold. The STOCH value of 73.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPIR.

Spire Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LZ	75 Outperform	$1.68B	53.62	17.09%	―	3.25%	56.17%
CBZ	74 Outperform	$3.86B	46.78	6.25%	―	32.27%	-40.50%
Sector *	66 Neutral	$4.51B	12.29	5.40%	3.67%	4.15%	-12.21%
ACTG	60 Neutral	$368.34M	7.73	-2.09%	―	65.22%	-133.47%
FA	58 Neutral	$3.23B	549.40	-13.59%	―	37.97%	-499.29%
SPIR	51 Neutral	$385.47M	―	-337.63%	―	-11.82%	-2.53%
KODK	49 Neutral	$475.79M	12.22	6.47%	―	-4.32%	-22.48%

Spire Global Corporate Events

Spire Global Holds Annual Stockholders Meeting

On June 4, 2025, Spire Global, Inc. held its annual meeting of stockholders, where key proposals were voted on. The stockholders elected Peter Platzer, Stephen Messer, and Joan Amble as Class I directors to serve until the 2028 annual meeting. Additionally, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. These decisions are expected to influence the company’s strategic direction and financial oversight in the coming years.

The most recent analyst rating on (SPIR) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Spire Global stock, see the SPIR Stock Forecast page.

Spire Global Reports Strong Q1 2025 Financial Results

On May 14, 2025, Spire Global announced its first quarter 2025 results, reporting a revenue of $23.9 million and a 5% improvement in cash flow used in operations year-over-year. The company retired all its debt by the end of April 2025 and expects to maintain over $100 million in cash and equivalents by the year’s end. Spire secured its largest contract to date with the Canadian government to monitor wildfires and expanded its Canadian facility to support this project. Additionally, Spire achieved a significant milestone by establishing a two-way optical link between satellites, enhancing data transmission capabilities. The company also launched advanced AI weather models and secured a contract with Concirrus for aviation data, further solidifying its position in the space-based data industry.

The most recent analyst rating on (SPIR) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Spire Global stock, see the SPIR Stock Forecast page.

Spire Global Sells Maritime Business to Kpler

On April 25, 2025, Spire Global completed the sale of its maritime business to Kpler for approximately $233.5 million. The transaction included a $7.5 million agreement for transitional services. The proceeds from the sale were used to eliminate all outstanding debt, with the remaining funds earmarked for investment in growth opportunities. This strategic move is expected to enhance Spire’s financial position and allow the company to focus on its core space-based data and analytics services. The sale also involved a settlement agreement with L3Harris, resolving previous disputes and contributing to the financial adjustments of the transaction.

Spire Global Announces CFO Transition Effective April 2025

Spire Global announced a change in its executive team, with Alison Engel set to replace Thomas Krywe as the Chief Financial Officer, principal financial officer, and principal accounting officer, effective April 1, 2025. However, the transition was delayed to the business day following the filing of an amendment on March 31, 2025, and the grant date for Engel’s restricted stock units was also postponed to this new effective date.

Spire Global Reports Strong 2024 Financial Results

On March 31, 2025, Spire Global announced its financial results for the fourth quarter and full year of 2024, reporting a 13% year-over-year revenue growth to $110.5 million. The company also highlighted a 49% improvement in cash flows used in operations and a 16% improvement in free cash flow, reflecting progress towards positive free cash flow. Spire emphasized its strategic focus on operational efficiency and productivity to enhance market responsiveness and increase margins. Additionally, Spire announced a mission with Mission Control to explore AI in space and a partnership with LatConnect60 to improve sustainable agriculture practices using its satellite data.

Spire Global Secures $40M in Private Placement

On March 12, 2025, Spire Global, Inc. entered into a securities purchase agreement for a private placement of Class A common stock and pre-funded warrants, raising approximately $40 million. The private placement, which closed on March 14, 2025, aims to support the company’s working capital and general corporate purposes. The transaction, exempt from public offering registration, involves a lock-up agreement restricting stock sales by executives and directors for 90 days post-closing. This strategic financial move is expected to bolster Spire’s operational capabilities and market positioning.