Spire Global (NYSE:SPIR) Issues Earnings Results

Spire Global (NYSE:SPIR) posted its quarterly earnings data on Wednesday. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01, FiscalAI reports. The company had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 31.43%.

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

• Spire said Q1 revenue of $15.8 million and adjusted EBITDA of negative $10.2 million both beat the high end of guidance, while core revenue ex-maritime grew 13% year over year.
• Management reaffirmed full-year 2026 guidance of $75 million-$85 million in revenue and said about 76% of that revenue is already under contract, with additional visibility from sole-source procurement opportunities.
• Spire highlighted major traction in RF geolocation (RFGL), including five new U.S. orders, three international customers, and initial revenue generation, with the company saying the product is moving from technical milestone to revenue stream.
• The company’s Hyperspectral Microwave Sounder has achieved first light and is delivering data, while management said the data quality is meeting or exceeding targets and supports upcoming NOAA opportunities.
• Spire ended the quarter with about $50 million in cash and marketable securities and later raised an additional $65.5 million net in a private placement, saying the balance sheet provides runway through adjusted EBITDA breakeven and beyond.

Spire Global Trading Up 9.9%

SPIR traded up $1.81 on Friday, hitting $20.03. 2,899,914 shares of the company’s stock were exchanged, compared to its average volume of 1,268,438. The firm has a market cap of $671.57 million, a PE ratio of 12.76 and a beta of 2.42. Spire Global has a twelve month low of $6.60 and a twelve month high of $23.59. The stock has a fifty day moving average of $15.34 and a two-hundred day moving average of $11.52.

Analyst Ratings Changes

SPIR has been the topic of several research analyst reports. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Canaccord Genuity Group set a $22.50 price target on shares of Spire Global and gave the stock a “buy” rating in a research report on Thursday. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research report on Thursday. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Insider Activity

In other Spire Global news, CEO Theresa Condor sold 41,712 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $355,803.36. Following the sale, the chief executive officer owned 1,116,581 shares in the company, valued at approximately $9,524,435.93. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Perez Celia Pelez sold 19,134 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $163,213.02. Following the completion of the sale, the chief operating officer owned 267,776 shares in the company, valued at $2,284,129.28. The trade was a 6.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 138,033 shares of company stock worth $1,219,760 over the last ninety days. Insiders own 13.04% of the company’s stock.

Institutional Investors Weigh In On Spire Global

Several large investors have recently made changes to their positions in SPIR. Royal Bank of Canada increased its stake in shares of Spire Global by 164.6% in the first quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock valued at $378,000 after purchasing an additional 29,066 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Spire Global by 78.3% in the second quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock valued at $228,000 after purchasing an additional 8,395 shares during the period. Rhumbline Advisers increased its stake in shares of Spire Global by 22.3% in the second quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock valued at $467,000 after purchasing an additional 7,165 shares during the period. Invesco Ltd. increased its stake in shares of Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock valued at $150,000 after purchasing an additional 2,062 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Spire Global by 58.0% in the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after purchasing an additional 98,925 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.