Spire Global (SPIR) AI Stock Analysis

• Market Cap: $313.13M
• Dividend Yield: N/A
• Average Volume (3M): 598.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.05
• Revenue Growth: -11.82%
• EPS Growth: -2.53%
• Country: US
• Employees: 434
• Sector: Industrials
• Sector Strength: 87
• Industry: Specialty Business Services
• EPS (TTM): -770000.00
• Shares Outstanding: 31,076,658
• 10 Day Avg. Volume: 581,480
• 30 Day Avg. Volume: 598,677
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $15.75
• Price Target Upside: 63.89% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 43 Neutral
• Price Target: $10.00 ▲(4.06%Upside)

Spire Global's stock score is primarily impacted by its weak financial performance, characterized by high leverage and negative cash flows. Although the earnings call provided some optimism with strategic achievements and potential revenue growth, technical indicators and valuation metrics suggest caution. Recent corporate events offer a mixed outlook with both positive developments and uncertainties.

Positive Factors

Business Expansion

Spire Global's selection by the US Space Force for a contract could allow the company to grow its business with this customer.

Financial Performance

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

Strategic Developments

The reallocation of budget dollars by the government towards commercial data buys is seen as a major tailwind for Spire's Weather business and government contracts.

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.

Operational Costs

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 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 faces significant financial challenges, with declining revenues, high operational losses, and negative cash flow. Despite some operational efficiency, high leverage and a negative equity ratio highlight financial instability.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	110.45M	105.70M	80.27M	43.38M	28.49M
Gross Profit	39.89M	63.27M	39.94M	24.66M	18.20M
EBITDA	-55.73M	-23.69M	-54.45M	-17.00M	-19.92M
Net Income	-102.82M	-63.96M	-89.41M	-19.31M	-32.50M
Balance Sheet
Total Assets	193.57M	239.26M	256.51M	290.19M	44.42M
Cash, Cash Equivalents and Short-Term Investments	19.21M	40.86M	70.28M	109.26M	15.57M
Total Debt	111.41M	130.70M	111.62M	51.12M	75.28M
Total Liabilities	205.26M	176.29M	146.39M	101.33M	93.16M
Stockholders Equity	-11.69M	37.78M	110.12M	188.86M	-48.74M
Cash Flow
Free Cash Flow	-45.03M	-53.66M	-66.73M	-73.56M	-25.19M
Operating Cash Flow	-18.45M	-23.62M	-47.82M	-57.97M	-14.77M
Investing Cash Flow	-14.23M	-17.65M	-41.83M	-120.85M	-10.41M
Financing Cash Flow	19.00M	23.91M	26.37M	270.53M	16.62M

Spire Global Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.61
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 9.61 is below the 20-day moving average (MA) of 11.28, below the 50-day MA of 11.09, and below the 200-day MA of 11.88, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 36.40 is Neutral, neither overbought nor oversold. The STOCH value of 5.07 is Positive, 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
CBZ	72 Outperform	$3.33B	35.61	7.84%	―	46.49%	-25.62%
LZ	69 Neutral	$1.57B	50.58	17.09%	―	3.25%	56.17%
Sector *	64 Neutral	$10.61B	16.56	7.00%	2.15%	2.87%	-30.79%
FA	56 Neutral	$2.86B	549.40	-13.59%	―	37.97%	-499.29%
KODK	54 Neutral	$521.02M	13.43	6.47%	―	-4.32%	-22.48%
ACTG	53 Neutral	$329.87M	7.73	-2.09%	―	65.22%	-133.47%
SPIR	43 Neutral	$313.13M	―	-337.63%	―	-11.82%	-2.53%

Spire Global Corporate Events

Spire Global Delays Financial Statement Filing Post-Sale

Spire Global has announced a delay in filing its quarterly financial statements for the periods ending June 30, 2025, due to additional accounting activities required following the sale of its maritime business to Kpler Holding SA. This delay may impact the company’s operations and stakeholder expectations, as the company is also searching for a new independent registered public accounting firm, which adds to the uncertainty surrounding its financial reporting.

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 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.