Spire Global (NYSE:SPIR) Posts Quarterly Earnings Results, Misses Estimates By $0.29 EPS

Spire Global (NYSE:SPIR) released its quarterly earnings results on Tuesday. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.29), FiscalAI reports. Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%. The firm had revenue of $18.00 million during the quarter, compared to the consensus estimate of $20.64 million.

Here are the key takeaways from Spire Global’s conference call:

• Spire won approximately $75 million in new weather-data awards, including a $33.2 million NOAA radio-occultation task order and a $28 million, two-year hyperspectral microwave-sounding contract. The awards increase remaining performance obligations to $175 million and provide multi-year revenue visibility.
• Third-quarter revenue was approximately $18 million, with core revenue up 77% year over year and nearly 10% sequentially; non-GAAP gross margin recovered to 49% from 38% in Q2. Adjusted EBITDA loss narrowed to $8.6 million.
• Spire lowered the top end of its 2026 revenue outlook, narrowing the range to $75 million–$80 million from $75 million–$85 million. The fourth-quarter range is $23 million–$28 million, with reaching the high end dependent on a deal whose timing remains uncertain.
• The company issued preliminary 2027 revenue guidance of $96 million–$106 million, implying 30% growth at the midpoint, with about 78% of midpoint revenue already under contract. Management expects positive Adjusted EBITDA for the full year and is targeting operating cash-flow breakeven during a quarter in 2027.
• Operating cash use fell to approximately $5 million from $23.4 million in Q2, and Spire ended the quarter with $78 million in cash and marketable securities and no debt. Management expects cash usage to improve further in Q4 and said it does not expect to raise capital for its current plans.

Spire Global Stock Down 1.1%

NYSE:SPIR traded down $0.11 during midday trading on Tuesday, hitting $9.35. The company had a trading volume of 418,576 shares, compared to its average volume of 1,047,057. Spire Global has a 52-week low of $6.60 and a 52-week high of $25.93. The stock’s fifty day moving average price is $10.50 and its 200-day moving average price is $13.66. The company has a market capitalization of $365.89 million, a PE ratio of -3.50 and a beta of 3.19.

Insiders Place Their Bets

In other Spire Global news, Director Stephen Messer sold 17,986 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $14.06, for a total transaction of $252,883.16. Following the sale, the director owned 83,667 shares in the company, valued at $1,176,358.02. This trade represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Theresa Condor sold 22,502 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $14.09, for a total value of $317,053.18. Following the sale, the chief executive officer owned 948,686 shares in the company, valued at $13,366,985.74. The trade was a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 75,301 shares of company stock valued at $1,005,333 over the last quarter. Insiders own 13.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPIR. Weiss Ratings cut Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 27th. Alliance Global Partners raised Spire Global from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, October 13th. Benchmark reiterated a “buy” rating on shares of Spire Global in a research report on Monday, August 3rd. Finally, Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Spire Global currently has an average rating of “Moderate Buy” and a consensus price target of $17.90.

Spire Global Company Profile

Spire Global, Inc. (NYSE:SPIR) is a space-based data and analytics company that develops, owns and operates a constellation of small satellites and related ground infrastructure. The company collects data from space and delivers it through cloud-based platforms, helping organizations monitor conditions and activity across the atmosphere, oceans and global communications environment. Spire’s products and services include weather and climate data derived from satellite observations and GNSS radio occultation, maritime intelligence based on automatic identification system data, aviation information, and radio-frequency analytics.