Spire Global (NYSE:SPIR) Releases Earnings Results, Misses Expectations By $0.05 EPS

Spire Global (NYSE:SPIR) issued its quarterly earnings results on Wednesday. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05), FiscalAI reports. The business had revenue of $18.05 million for the quarter, compared to analysts’ expectations of $18.53 million. Spire Global had a negative net margin of 145.22% and a negative return on equity of 57.86%. Spire Global updated its FY 2026 guidance to -0.950–0.810 EPS.

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

• 2026 revenue guidance was reaffirmed at $75 million–$85 million, implying more than 50% core revenue growth at the midpoint. Management said over 85% of the midpoint was under contract as of the end of July, although most remaining growth is expected in the fourth quarter.
• NOAA opportunities advanced, including a signed hyperspectral microwave sounding data extension worth up to $5 million and an eight-figure contract now in negotiation. Spire also expects a near-term radio occultation bridge award and believes the follow-on contract will exceed last year’s $11.2 million annual award.
• RF geolocation demand continued to build, with four new international customers added in the second quarter and collection capacity increasing roughly tenfold since the start of the year. New German partnerships, European defense spending, and manufacturing facilities in North America, Germany, and the U.K. are intended to support longer-term government and defense growth.
• Second-quarter non-GAAP gross margin fell to 38% from 52% a year earlier, primarily due to the cancellation of the WildFireSat contract and related balance-sheet cleanup. Adjusted EBITDA remained negative at $8.6 million, while operating cash flow used was $23.4 million, though management expects sequential improvement and EBITDA breakeven by late 2026 to early 2027.

Spire Global Price Performance

Shares of Spire Global stock traded up $0.17 during trading hours on Friday, reaching $14.11. The company’s stock had a trading volume of 91,921 shares, compared to its average volume of 1,229,021. The firm has a 50 day moving average price of $15.13 and a 200-day moving average price of $14.89. The stock has a market cap of $546.31 million, a P/E ratio of -5.38 and a beta of 2.55. Spire Global has a one year low of $6.60 and a one year high of $25.93.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Wall Street Zen downgraded Spire Global from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Stifel Nicolaus set a $24.00 price target on Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.70.

Insider Transactions at Spire Global

In related news, COO Perez Celia Pelez sold 4,660 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $88,866.20. Following the completion of the transaction, the chief operating officer owned 263,116 shares in the company, valued at $5,017,622.12. The trade was a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Gabriel Oehme sold 3,107 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $59,250.49. Following the sale, the chief technology officer directly owned 218,096 shares in the company, valued at $4,159,090.72. The trade was a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 52,297 shares of company stock worth $997,503. 13.04% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Spire Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPIR. Engineers Gate Manager LP purchased a new stake in Spire Global during the 4th quarter worth about $154,000. Price T Rowe Associates Inc. MD raised its holdings in Spire Global by 18.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,223 shares of the company’s stock worth $122,000 after purchasing an additional 2,471 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Spire Global by 78.2% during the 4th quarter. Wells Fargo & Company MN now owns 30,269 shares of the company’s stock worth $227,000 after buying an additional 13,286 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Spire Global in the 3rd quarter valued at $197,000. Finally, Quantbot Technologies LP purchased a new position in shares of Spire Global in the 3rd quarter valued at $141,000. Hedge funds and other institutional investors 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.