Spire Global (SPIR) AI Stock Analysis

• Market Cap: $307.06M
• Dividend Yield: N/A
• Average Volume (3M): 502.91K
• Price to Earnings (P/E): 15.8
• Beta (1Y): 1.94
• Revenue Growth: -16.52%
• EPS Growth: N/A
• Country: US
• Employees: 434
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): -0.33
• Shares Outstanding: 32,724,586
• 10 Day Avg. Volume: 318,497
• 30 Day Avg. Volume: 502,913
• 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: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $12.00
• Price Target Upside: 53.06% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: $9.00 ▲(14.80% Upside)

Spire Global's overall stock score is primarily impacted by its weak financial performance, characterized by high leverage and negative cash flow. While there are some positive strategic developments, such as debt elimination and new contracts, these are overshadowed by ongoing financial challenges and technical indicators suggesting bearish momentum.

Positive Factors

Strategic Contracts

Securing long-term contracts enhances revenue visibility and underscores the value of Spire's offerings, supporting sustained growth.

Debt Elimination

Eliminating debt strengthens the balance sheet, reduces financial risk, and increases financial flexibility for future investments.

Satellite Deployment

Expanding satellite network enhances data capabilities, potentially driving revenue growth and reinforcing market position.

Negative Factors

High Operational Losses

Persistent operational losses indicate inefficiencies and threaten long-term profitability, necessitating cost management and revenue enhancement.

Revenue Decline

Declining revenue trends may signal market challenges or competitive pressures, impacting future growth prospects and financial health.

High Leverage

High leverage increases financial risk, limits strategic flexibility, and may lead to higher interest costs, affecting long-term sustainability.

Spire Global Business Overview & Revenue Model

Company Description

Spire Global (SPIR) is a data and analytics company that specializes in providing satellite-based data solutions for various sectors, including maritime, aviation, weather, and space. Utilizing a constellation of nanosatellites, Spire collects and analyzes data to deliver insights that help businesses and governments optimize operations, enhance decision-making, and improve efficiency. The company's core products include real-time tracking and analytics services for shipping routes, weather forecasting, and atmospheric data collection.

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 faces significant financial challenges with declining revenue, high operational losses, and substantial leverage. The balance sheet is strained with high debt levels, and cash flow remains negative, indicating financial instability and high risk.

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	93.28M	110.45M	97.61M	70.77M	43.38M	28.49M
Gross Profit	37.91M	39.89M	38.59M	17.14M	24.66M	18.20M
EBITDA	93.70M	-55.73M	-37.51M	-64.09M	-17.67M	-19.79M
Net Income	37.79M	-102.82M	-77.56M	-99.01M	-38.09M	-32.50M
Balance Sheet
Total Assets	239.53M	193.57M	239.26M	255.99M	304.27M	44.42M
Cash, Cash Equivalents and Short-Term Investments	117.62M	19.21M	40.86M	70.28M	109.26M	15.57M
Total Debt	9.18M	111.41M	130.70M	111.62M	51.12M	75.28M
Total Liabilities	90.30M	205.26M	201.48M	164.85M	114.06M	93.16M
Stockholders Equity	149.23M	-11.69M	37.78M	91.13M	190.21M	-48.74M
Cash Flow
Free Cash Flow	-75.22M	-45.03M	-53.66M	-66.73M	-73.57M	-25.19M
Operating Cash Flow	-48.72M	-18.45M	-36.31M	-47.82M	-57.99M	-14.77M
Investing Cash Flow	153.82M	-14.23M	-4.97M	-41.83M	-119.48M	-10.41M
Financing Cash Flow	-85.63M	19.00M	23.91M	26.37M	270.53M	16.62M

Spire Global Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.84
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 7.84 is below the 20-day moving average (MA) of 8.12, below the 50-day MA of 10.30, and below the 200-day MA of 10.15, indicating a neutral trend. The MACD of -0.40 indicates Negative momentum. The RSI at 51.81 is Neutral, neither overbought nor oversold. The STOCH value of 88.07 is Negative, 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	68 Neutral	$1.66B	75.40	16.96%	―	7.17%	-5.86%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
ACTG	63 Neutral	$316.34M	―	0.90%	―	71.28%	-89.20%
CASS	60 Neutral	$564.32M	18.54	11.44%	2.90%	-4.96%	39.42%
KODK	60 Neutral	$734.57M	―	0.58%	―	-0.67%	-141.58%
SPIR	47 Neutral	$307.06M	15.80	39.87%	―	-16.52%	―
OMEX	47 Neutral	$80.89M	-3.50	―	―	-41.55%	-249.30%

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.