SPIR Industrials

Spire Global, Inc.

$8.70+1.87%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Industrials
Industry: Specialty Business Services
Country: United States
Market cap: 340.3M USD
Enterprise value: 258.3M USD
Full-time employees: 372

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 2.58 vs a peer median of 0.64)bigger price swings (beta 2.58 vs peers 0.64)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #2,241 of 2,308 industrials companies (bottom 3%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. 2025 operating profit includes a $154M gain on selling assets; without it the operating margin was about -350%.
Spire Global's 2025 operating profit of -$96M includes a one-off $154M gain on selling assets or businesses. Without it, operations would have earned -$250M, an operating margin of about -350%.
Earnings slid into a loss. Loss per share this year after a profit last year.
Spire Global made a loss per share in its latest year after a profit the year before.
Stock-based pay is a large cost. Stock pay was 26% of revenue in 2025.
Spire Global paid employees $19M in stock in 2025, 26% of its $72M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Investment surge. Capital spending 46% of revenue, up from 30% in 2022.
Spire Global is spending 46% of revenue on facilities and equipment, up from 30% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

StockQuotient Score

12/ 100

Oct 5 12 → Nov 4 12

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-27.2%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield-26.9%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-29.9%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield43.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

5/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Revenue growth
▼ EPS growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -2.21Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth-9.7%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -2.22Sector median: 0.0421 · MAD: 0.0625

Revenue growth-33.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.66Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Turned to a loss over the last 12 months

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-142.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.28Sector median: 0.0773 · MAD: 0.0507

Return on assets-40.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.56Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-66.4%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin37.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-62.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Debt / equity
▲ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.58

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.49Sector median: 0.6440 · MAD: 0.2745

Current ratio1.87×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.47Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.07×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.99Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Spire Global

Is Spire Global getting weaker?: Its latest SEC filing (Aug 13, 2026) got weaker in some ways: turned to a loss over the last 12 months. Its overall score is unchanged at 12/100 since Oct 28, 2026.
How is Spire Global valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -27.2% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -27.2% vs peers 3.8% (weaker than 100% of peers).
Is Spire Global growing?: More slowly than most of its peers. Growth scores 5/100 against 2,459 industrials peers. Revenue growth -33.1% vs a peer median of 4.4% (weaker than 100% of peers).Revenue growth -33.1% vs peers 4.4% (weaker than 100% of peers).
How profitable is Spire Global?: Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -142.1% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -142.1% vs peers 7.7% (weaker than 100% of peers).
How risky is Spire Global?: Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.07× vs a peer median of 0.40× (stronger than 82% of peers).Debt / equity 0.07× vs peers 0.40× (stronger than 82% of peers). Beta 2.58 vs a peer median of 0.64 (weaker than 100% of peers).Beta 2.58 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 13, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Turned to a loss over the last 12 months

Worth watching: Spire Global is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	63.5M USD	62.4M USD	−1.8%
Net income (12 months)	49.0M USD	−90.6M USD	turned negative
Operating margin	-145.3%	-142.1%	+3.2 pts
Free cash flow (12 months)	−109.5M USD	−99.6M USD	−9.0%
Cash	16.0M USD	38.8M USD	+141.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Specialty Business Services companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	56.8%	24.2%	39.5%	36.1%	40.8%	▲ 4.7 pts
Operating margin	-156.4%	-111.5%	-60.2%	-62.7%	-134.1%	▼ 71 pts
Net margin	-87.8%	-139.9%	-79.5%	-93.6%	71.7%	▲ 165 pts
Return on assets (ROA)	-13.1%	-38.7%	-32.4%	-53.4%	24.3%	▲ 78 pts
Return on equity (ROE)	-20.0%	-108.6%	-205.3%	—	45.4%	—
Free cash flow margin	-169.2%	-94.3%	-55.0%	-40.8%	-129.4%	▼ 89 pts
Current ratio	5.28×	2.46×	1.47×	0.61×	1.30×	▲ 113%
Debt to equity	0.27×	1.08×	3.26×	—	0.00×	—
Interest coverage	-5.94×	-5.65×	-3.09×	-3.40×	-12.94×	▼ 280%

SPIR price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

One and one Green Technologies. IncYDDL95/ 100

Prored Partners CO.,LTD.7034.T94/ 100

Promotora y Operadora de Infraestructura, S. A. B. de C. V.PINFRA.MX93/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 2.58 vs a peer median of 0.64)bigger price swings (beta 2.58 vs peers 0.64)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #2,241 of 2,308 industrials companies (bottom 3%)

See how it ranks against its peers

Worth knowing

Profit lifted by an asset sale. 2025 operating profit includes a $154M gain on selling assets; without it the operating margin was about -350%.

Spire Global's 2025 operating profit of -$96M includes a one-off $154M gain on selling assets or businesses. Without it, operations would have earned -$250M, an operating margin of about -350%.

Earnings slid into a loss. Loss per share this year after a profit last year.

Spire Global made a loss per share in its latest year after a profit the year before.

Stock-based pay is a large cost. Stock pay was 26% of revenue in 2025.

Spire Global paid employees $19M in stock in 2025, 26% of its $72M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Investment surge. Capital spending 46% of revenue, up from 30% in 2022.

Spire Global is spending 46% of revenue on facilities and equipment, up from 30% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Questions investors ask about Spire Global

Is Spire Global getting weaker?

Its latest SEC filing (Aug 13, 2026) got weaker in some ways: turned to a loss over the last 12 months. Its overall score is unchanged at 12/100 since Oct 28, 2026.

How is Spire Global valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -27.2% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -27.2% vs peers 3.8% (weaker than 100% of peers).

Is Spire Global growing?

More slowly than most of its peers. Growth scores 5/100 against 2,459 industrials peers. Revenue growth -33.1% vs a peer median of 4.4% (weaker than 100% of peers).Revenue growth -33.1% vs peers 4.4% (weaker than 100% of peers).

How profitable is Spire Global?

Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -142.1% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -142.1% vs peers 7.7% (weaker than 100% of peers).

How risky is Spire Global?

Moderate risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.07× vs a peer median of 0.40× (stronger than 82% of peers).Debt / equity 0.07× vs peers 0.40× (stronger than 82% of peers). Beta 2.58 vs a peer median of 0.64 (weaker than 100% of peers).Beta 2.58 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

63.5M USD

62.4M USD

−1.8%

Net income (12 months)

49.0M USD

−90.6M USD

turned negative

Operating margin

-145.3%

-142.1%

+3.2 pts

Free cash flow (12 months)

−109.5M USD

−99.6M USD

−9.0%

Cash

16.0M USD

38.8M USD

+141.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

56.8%

24.2%

39.5%

36.1%

40.8%

▲ 4.7 pts

Operating margin

-156.4%

-111.5%

-60.2%

-62.7%

-134.1%

▼ 71 pts

Net margin

-87.8%

-139.9%

-79.5%

-93.6%

71.7%

▲ 165 pts

Return on assets (ROA)

-13.1%

-38.7%

-32.4%

-53.4%

24.3%

▲ 78 pts

Return on equity (ROE)

-20.0%

-108.6%

-205.3%

—

45.4%

—

Free cash flow margin

-169.2%

-94.3%

-55.0%

-40.8%

-129.4%

▼ 89 pts

Current ratio

5.28×

2.46×

1.47×

0.61×

1.30×

▲ 113%

Debt to equity

0.27×

1.08×

3.26×

—

0.00×

—

Interest coverage

-5.94×

-5.65×

-3.09×

-3.40×

-12.94×

▼ 280%