Spire Global (SPIR) AI Stock Analysis

• Market Cap: $380.58M
• Dividend Yield: N/A
• Average Volume (3M): 643.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.08
• Revenue Growth: -11.82%
• EPS Growth: -2.53%
• Country: US
• Employees: 434
• Sector: Industrials
• Sector Strength: 91
• Industry: Specialty Business Services
• EPS (TTM): -770000.00
• Shares Outstanding: 31,076,658
• 10 Day Avg. Volume: 393,516
• 30 Day Avg. Volume: 643,360
• 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: 33.56% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 47 Neutral
• Price Target: $11.00 ▼(-5.82%Downside)

Spire Global's overall score is primarily impacted by its weak financial performance, with significant operational losses and financial challenges. The technical analysis and valuation reflect market caution due to negative profitability metrics. However, the earnings call provides some optimism with strategic initiatives and potential future growth, balancing the negative aspects.

Positive Factors

Aircraft Tracking

Spire Global is enhancing its aircraft tracking offering by providing a premium weather data service, which could drive growth in its Aircraft Tracking business.

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.

Satellite Launches

Spire Global successfully deployed six new LEMUR satellites, which are expected to support revenue growth and contribute to the company's financial estimates.

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.

Financial Performance

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

Stock Dilution

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

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 a subscription-based model, offering access to its comprehensive datasets and analytics services. The company's key revenue streams include selling data and analytics solutions to a diverse client base, including commercial enterprises, government agencies, and non-profit organizations. Additionally, Spire forms strategic partnerships and alliances to enhance its service offerings and expand its market reach. These partnerships often involve integrating Spire’s data into third-party platforms or collaborating on joint ventures, further contributing to its revenue. The company's unique value proposition lies in its ability to provide highly accurate, real-time data from its satellite network, which is critical for clients in making informed operational and strategic decisions.

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
EBITDA	-74.47M	-55.73M	-23.69M	-54.45M	-17.00M	-19.92M
Net Income	-97.93M	-102.82M	-63.96M	-89.41M	-19.31M	-32.50M
Balance Sheet
Total Assets	208.85M	193.57M	239.26M	256.51M	290.19M	44.42M
Cash, Cash Equivalents and Short-Term Investments	35.93M	19.21M	40.86M	70.28M	109.26M	15.57M
Total Debt	109.13M	111.41M	130.70M	111.62M	51.12M	75.28M
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: 11.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 11.68 is above the 20-day moving average (MA) of 11.14, above the 50-day MA of 10.85, and below the 200-day MA of 11.78, indicating a neutral trend. The MACD of 0.36 indicates Negative momentum. The RSI at 54.56 is Neutral, neither overbought nor oversold. The STOCH value of 62.97 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
CBZ	73 Outperform	$3.93B	49.15	6.25%	―	32.27%	-40.50%
LZ	71 Outperform	$1.61B	51.98	17.09%	―	3.25%	56.17%
Sector *	67 Neutral	£2.82B	10.41	4.69%	3.53%	2.40%	-24.53%
ACTG	57 Neutral	$381.80M	7.73	-2.09%	―	65.22%	-133.47%
FA	55 Neutral	$2.99B	549.40	-13.59%	―	37.97%	-499.29%
KODK	52 Neutral	$540.41M	13.93	6.47%	―	-4.32%	-22.48%
SPIR	47 Neutral	$380.58M	―	-337.63%	―	-11.82%	-2.53%

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.