Spire Global (SPIR) AI Stock Analysis

• Market Cap: $272.71M
• Dividend Yield: N/A
• Average Volume (3M): 595.88K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 1.96
• Revenue Growth: -31.51%
• EPS Growth: N/A
• Country: US
• Employees: 434
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): -0.40
• Shares Outstanding: 33,100,260
• 10 Day Avg. Volume: 800,156
• 30 Day Avg. Volume: 595,878
• PEG Ratio: -0.44
• Price to Book (P/B): -29.09
• Price to Sales (P/S): 3.08
• P/FCF Ratio: -7.55
• Enterprise Value/Market Cap: 1.31K
• Enterprise Value/Revenue: 4.62K
• Enterprise Value/Gross Profit: 11.97K
• Enterprise Value/Ebitda: 4.51K
• 1Y Price Target: $12.00
• Price Target Upside: 52.28% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $7.50 ▼(-4.82% Downside)

Spire Global's overall stock score is driven by financial performance concerns, particularly negative cash flows and revenue decline. Technical analysis indicates bearish momentum, while corporate events present mixed implications. The valuation is moderate, but the lack of a dividend yield is a drawback.

Positive Factors

Contract Award

Securing a significant defense contract enhances Spire Global's revenue potential and market credibility, supporting long-term growth.

Board Expansion

Adding a director with financial expertise strengthens governance and supports strategic growth, aligning with long-term business objectives.

Profit Margin Improvement

Improved profit margins indicate operational efficiency, enhancing financial stability and potential for sustainable growth.

Negative Factors

Revenue Decline

A decline in revenue suggests challenges in market demand or competitive positioning, potentially impacting long-term growth.

Negative Cash Flows

Negative cash flows can strain financial resources, limiting investment in growth initiatives and affecting long-term viability.

NYSE Non-Compliance

Non-compliance with NYSE standards could lead to delisting risks, affecting investor confidence and access to capital markets.

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 generates revenue through multiple key streams, primarily focusing on data subscriptions, analytics services, and customized solutions. The company offers subscription-based access to its extensive satellite data, which clients can use for various applications, such as monitoring shipping activities and predicting weather patterns. Additionally, Spire provides tailored analytics services that leverage its proprietary data to deliver actionable insights to clients in sectors like maritime and aviation. Significant partnerships with organizations in government and commercial sectors also contribute to Spire's earnings, as these collaborations often involve contracted services and shared data initiatives that enhance the company's market reach and revenue potential.

Spire Global Financial Statement Overview

Summary

Spire Global's financial performance shows mixed results. While there are improvements in gross and net profit margins, the revenue decline and negative cash flows are significant concerns. The balance sheet is stable with low leverage, but high return on equity suggests potential volatility.

Income Statement

Spire Global's income statement shows a mixed performance. The TTM data indicates a decline in revenue by 17%, which is concerning. However, the company has improved its gross profit margin to 40.6%, and the net profit margin has turned positive at 40.97%, indicating some operational improvements. Despite these positives, the EBIT margin remains negative, reflecting ongoing operational challenges.

Balance Sheet

The balance sheet reflects a relatively stable financial position with a low debt-to-equity ratio of 0.06 in the TTM period, suggesting low leverage. However, the return on equity is extremely high at 87.89%, which might indicate volatility or one-time gains. The equity ratio is not provided, but the overall equity position appears to have improved.

Cash Flow

The cash flow statement shows significant challenges. The operating cash flow is negative, and free cash flow is also negative, though it has improved by 46% in the TTM period. The free cash flow to net income ratio is strong at 2.68, indicating that cash flow generation relative to net income is robust, but the negative cash flows remain a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	77.39M	110.45M	97.61M	70.77M	43.38M	28.49M
Gross Profit	29.83M	39.89M	38.59M	17.14M	24.66M	18.20M
EBITDA	79.17M	-55.73M	-37.51M	-64.09M	-17.67M	-19.79M
Net Income	30.59M	-102.82M	-77.56M	-99.01M	-38.09M	-32.50M
Balance Sheet
Total Assets	224.26M	193.57M	239.26M	255.99M	304.27M	44.42M
Cash, Cash Equivalents and Short-Term Investments	96.75M	19.21M	40.86M	70.28M	109.26M	15.57M
Total Debt	8.35M	111.41M	130.70M	111.62M	51.12M	75.28M
Total Liabilities	91.13M	205.26M	201.48M	164.85M	114.06M	93.16M
Stockholders Equity	133.13M	-11.69M	37.78M	91.13M	190.21M	-48.74M
Cash Flow
Free Cash Flow	-109.83M	-45.03M	-53.66M	-66.73M	-73.57M	-25.19M
Operating Cash Flow	-83.84M	-18.45M	-36.31M	-47.82M	-57.99M	-14.77M
Investing Cash Flow	145.43M	-14.23M	-4.97M	-41.83M	-119.48M	-10.41M
Financing Cash Flow	-65.59M	19.00M	23.91M	26.37M	270.53M	16.62M

Spire Global Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPIR, the sentiment is Negative. The current price of 7.88 is below the 20-day moving average (MA) of 8.52, below the 50-day MA of 9.54, and below the 200-day MA of 10.05, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 42.64 is Neutral, neither overbought nor oversold. The STOCH value of 22.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SPIR.

Spire Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LZ	72 Outperform	$1.81B	82.07	16.96%	―	7.17%	-5.86%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ACTG	63 Neutral	$356.90M	74.45	0.90%	―	71.28%	-89.20%
CASS	60 Neutral	$566.81M	18.62	11.44%	2.89%	-4.96%	39.42%
KODK	56 Neutral	$803.01M	-24.91	0.58%	―	-0.67%	-141.58%
OMEX	46 Neutral	$120.95M	-2.26	―	―	-41.55%	-249.30%
SPIR	45 Neutral	$272.71M	17.02	37.31%	―	-31.51%	―

Spire Global Corporate Events

Spire Global Faces NYSE Non-Compliance Notice

On November 25, 2025, Spire Global received a notice from the New York Stock Exchange indicating non-compliance with listing standards due to a delay in filing its Quarterly Report for the quarter ended September 30, 2025. Spire has until May 19, 2026, to file the report and regain compliance. The company is actively working to complete and submit the report within the NYSE’s six-month grace period.

Spire Global Expands Board, Appoints New Director

On October 13, 2025, Spire Global‘s Board of Directors expanded from six to seven members, appointing Dr. Toni Rinow as a new director. Dr. Rinow, a seasoned financial executive with extensive experience in capital markets and governance, will serve as a Class II director and join the Audit Committee. Her appointment is expected to bolster Spire’s global growth strategy, as her expertise aligns with the company’s focus on scaling its space-based data solutions and creating long-term value for stakeholders.