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Spire Global (SPIR) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Spire Global (SPIR) Q2 2026 earnings results →
Q2 2026 Revenue down 6% year over year to $18.0M · 111¢ of every $1 of revenue lost · operating margin -110.2%
Spire Global made $18.0M in Q2 2026 (-6% Y/Y): Subscription Based Contract $12.6M, Non Subscription Based Contracts $5.5M. Operating margin -110.2%, net loss $20.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $18.0M in Q2 2026, down 6% year over year and up 14% from the previous quarter. Subscription Based Contract was the largest line at 70% of revenue. Subscription Based Contract lost $2.0M year over year (down 14%), 176% of the total change.
Gross margin was 34.1%, down 14.8 points from Q2 2025. Operating costs exceeded revenue by $19.9M, an operating margin of -110.2%. Operating expenses fell 21% while revenue fell 6%. The quarter ended with a net loss of $20.0M, narrower than the previous quarter's $25.8M loss.
Operating cash flow was −$23.4M. Non-cash charges added back $4.1M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $10.5M. Capital expenditures of $5.5M exceeded it, leaving free cash flow of −$28.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $18.0M | -6% | -110.2% | −$20.0M | −$23.4M |
| Q1 2026 | 10-Q | May 14, 2026 | $15.8M | -34% | -155.2% | −$25.8M | −$26.2M |
| Q4 2025 | 10-K | Mar 19, 2026 | $15.8M | -27% | -146.1% | −$25.1M | −$4.3M |
| Q3 2025 | 10-Q | Dec 17, 2025 | $12.7M | -56% | -166.1% | −$19.7M | −$12.0M |
| Q2 2025 | 10-Q | Nov 4, 2025 | $19.2M | -24% | -122.7% | $120M | −$35.1M |
| Q1 2025 | 10-Q | May 14, 2025 | $23.9M | -31% | -106.5% | −$20.7M | −$8.4M |
| Q4 2024 | 10-K | Mar 31, 2025 | $21.7M | -77% | -144.1% | −$48.8M | −$19.2M |
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About Spire Global
Spire Global, Inc. (“Spire” or the “Company”), founded in August 2012, is a global provider of space-based data and analytics that offers its customers unique datasets and insights about Earth from the ultimate vantage point. The Company collects this space-based data through its proprietary constellation of multi-purpose nanosatellites. The Company designs, manufactures, integrates, and operates its own satellites and ground stations to deliver unique end-to-end comprehensive solutions. We are headquartered in Vienna, Virginia, and have wholly owned operating subsidiaries in the United States (“U.S.”), United Kingdom, Luxembourg, Singapore, Germany, and Canada.
In its own words, from its 10-K, filed Mar 19, 2026.
Spire Global against its Communications Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -6% against the peers' median -4%. Operating margin: -110.2% against the peers' median 5.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SPIR Spire Global | Q2 2026 | $18.0M | -6% | -110.2% |
| VSAT Viasat | Q2 FY27 | $1.2B | +3% | 0.6% |
| ECHO EchoStar | Q3 2026 | $1.1B | -69% | 13.1% |
| CALX Calix | Q3 2026 | $302M | +14% | 5.5% |
| IRDM Iridium Communications | Q3 2026 | $246M | +8% | 12.9% |
| CCOI Cogent Communications Holdings | Q3 2026 | $231M | -4% | -3.0% |
| GOGO Gogo | Q3 2026 | $213M | -5% | 8.0% |
| GSAT Globalstar | Q3 2026 | $70.9M | -4% | 10.7% |
| KVHI KVH Industries | Q3 2026 | $38.4M | +35% | -3.2% |
Source: Spire Global 10-Q on SEC EDGAR · CIK 1816017 · Communications Services, NEC
13F: who owns SPIR and who is buying
More on SPIR
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results