Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Spire Global, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
28.5
43.4
70.8
97.6
110
71.6
Cost of revenue
10.3
18.7
53.6
59
70.6
42.4
Gross profit
18.2
24.7
17.1
38.6
39.9
29.2
Research and development
20.8
31.6
22.1
27.7
29.2
36.7
Selling and marketing
10.3
20.4
28.5
25.8
22.7
15.3
General and administrative
12.5
40.5
44.9
42
49.7
64
Operating expenses
44.2
92.5
96
97.4
109
125
Operating income
-26
-67.8
-78.9
-58.8
-69.3
-96
Interest expense
6.77
11.4
14
19
20.4
7.42
Interest income
0.05
0.02
0.95
2.33
Other non-operating income
-6.09
30.2
-19.9
-18.9
-33.9
151
Pre-tax income
-32.1
-37.6
-98.7
-77.7
-103
54.9
Income tax
0.4
0.5
0.29
-0.14
0.16
3.61
Net income
-32.5
-38.1
-99
-77.6
-103
51.3
EBITDA
-20.5
-59.3
-60.5
-40.6
-47.5
-83.6
EPS, basic
-16.36
-5.39
-5.66
-3.96
-4.28
1.66
EPS, diluted
-16.36
-5.39
-5.66
-3.96
-4.28
1.49
Shares, basic (weighted)
1.99
7.03
17.5
19.6
24.2
30.9
Shares, diluted (weighted)
1.99
7.03
17.5
19.6
24.2
32
Balance sheet
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
15.6
109
47.2
29.1
19.2
24.8
Short-term investments
0
23.1
11.7
0
57
Receivables
3.74
10.2
13.9
9.91
11.9
4.18
Other current assets
2.11
10.1
7.15
16.8
3.28
6.04
Total current assets
22.3
132
94.2
72.3
92.2
93.8
Property, plant and equipment
20.5
48.7
55.8
60.4
63.3
80.8
Lease right-of-use assets
0
11.7
14.9
11.1
10.8
Goodwill
0
53.6
50
51.2
14.7
15.5
Intangible assets
0.75
44.2
34.8
32
10.2
9.08
Other non-current assets
0.2
2.11
1.09
Total assets
44.4
290
256
239
194
211
Accounts payable
1.78
5.82
4.8
8.01
11.6
14.9
Accrued liabilities
1.81
4.82
8.47
8.33
16.4
22.3
Deferred revenue
8.11
8.63
20.5
31.2
22
35.2
Short-term debt
0
93.9
0
Total current liabilities
13.3
24.9
38.3
49.3
152
72.3
Long-term debt
26.6
51.1
98.5
114
4.62
Lease liabilities
0
10.8
13.1
9.6
8.76
Other non-current liabilities
0.25
1.6
0.01
0.01
6.94
2.7
Total liabilities
93.2
100
165
201
205
98.1
Total debt
26.6
51.1
98.5
123
103
0
Paid-in capital
10.1
439
456
478
537
606
Retained earnings
-211
-249
-358
-435
-539
-487
Other comprehensive income
-0.98
0.73
-6.91
-4.56
-9.77
-5.44
Shareholders' equity
-48.7
190
91.1
37.8
-11.7
113
Total equity
-48.7
190
91.1
-4.56
-9.77
-5.44
Total liabilities and equity
44.4
290
256
239
194
211
Cash flow statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-32.5
-38.1
-99
-77.6
-103
51.3
Depreciation and amortization
5.55
8.51
18.3
18.2
21.7
12.4
Stock-based compensation
2.16
11.6
11.5
13
20
18.7
Deferred income tax
0.08
0.5
-0.1
0.03
0.05
1.76
Change in receivables
-0.43
-5.01
-4.18
4.14
-5.03
8.92
Change in payables
1.11
2.29
-1.81
1.37
2.65
1.61
Cash from operations
-14.8
-58
-45.7
-36.3
-18.5
-59.8
Capital expenditures
-10.3
-15.4
-21
-17.4
-26.6
-32.8
Acquisitions
-104
0
Sales and maturities of investments
0
17.3
52.5
42.5
65.5
Cash from investing
-10.4
-119
-43.9
-4.97
-14.2
151
Debt issued
30.9
70.5
101
19.9
0
Debt repaid
-14.1
-29.6
-20.1
-106
Stock issued
0.08
1.29
0
7.87
0
1.83
Cash from financing
16.6
271
26.4
23.9
19
-74.9
Net change in cash
-8.55
93.7
-62.1
-17.9
-9.95
5.71
Free cash flow
-25.1
-73.4
-66.7
-53.7
-45
-92.6
Interest paid
1.5
3.13
9.44
16.2
14.1
6.92
Income taxes paid
0.17
0.21
0.05
0.21
1
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $12.08 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
37.7%
Gross profit / revenue.
Operating margin
-142.1%
Operating income / revenue.
EBITDA margin
-122.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-141.8%
Pre-tax income / revenue.
Net margin
-145.2%
Net income / revenue.
FCF margin
-159.7%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-105.7%
Cash from operations / revenue.
Return on equity (ROE)
-62.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-40.0%
Net income / average total assets.
Return on invested capital (ROIC)
-66.4%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
55.6%
Research and development expense / revenue.
Stock-based pay / revenue
23.4%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
54.0%
Capital expenditures / revenue.
D&A / revenue
20.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-35.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
0.4%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
20.2%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
-26.9%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
19.4%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
9.9%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value CAGR, 3y
7.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
9.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-6.2%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
36.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
32.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
22.3%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
74.2%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.87x
Current assets / current liabilities.
Quick ratio
1.67x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
1.56x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.63
Revenue / diluted weighted shares.
FCF per share
-$2.60
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$1.72
Cash from operations / diluted weighted shares.
Book value per share
$3.77
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
7.87x
Market cap / revenue.
P/B
3.40x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
4.04x
Market cap / tangible book value, when positive.
EV/Sales
6.40x
Enterprise value / revenue.
FCF yield
-20.3%
Free cash flow / market cap.
Earnings yield
-18.5%
Net income / market cap (the inverse of P/E).
What was Spire Global, Inc.'s revenue in fiscal 2025?
Spire Global, Inc. reported revenue of $71.6M for fiscal 2025, 35.2% lower than the year before.
Was Spire Global, Inc. profitable in fiscal 2025?
Yes. Net income was $51.3M, a net margin of 71.7%.
How much free cash flow did Spire Global, Inc. generate in fiscal 2025?
Cash from operations of $59.8M minus capital expenditures of $32.8M left free cash flow of -$92.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.