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Spire Global cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$28.8M in Q2 2026 · −$99.6M over twelve months

Operating cash flow−$23.4M
Capital spending−$5.5M
Free cash flow−$28.8M
Cash conversion cycle-75 days

Analysis

In Q2 2026, Spire Global generated −$23.4M of operating cash flow and spent $5.5M on capital projects, leaving free cash flow of −$28.8M. That is $9.9M more than in Q2 2025 (−$38.7M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$65.9M; the largest uses were operating cash flow ($65.9M), capital spending ($33.7M); besides operations, cash came from other financing ($66.1M), other investing ($31.1M); the cash balance rose by $2.7M.

Operating cash flow was −$23.4M against net income of −$20.0M. The largest differences: payables −$4.2M, depreciation & amortization +$4.1M, stock-based pay +$3.0M.

Its cash conversion cycle was -75 days (receivables 34 + inventory 0 − payables 108): suppliers fund its working capital.

Free cash flow

Spire Global: free cash flow by quarterSpire Global: free cash flow by quarter$5.1MQ3 2024−$24.3MQ4 2024−$17.3MQ1 2025−$38.7MQ2 2025−$20.4MQ3 2025−$16.2MQ4 2025−$34.2MQ1 2026−$28.8MQ2 2026
Operating cash flow less capital spending.
Spire Global: operating cash flow against capital spendingSpire Global: operating cash flow against capital spendingOperating cash flowCapital spending$14.0M$8.9MQ3 2024−$19.2M$5.1MQ4 2024−$8.4M$8.9MQ1 2025−$35.1M$3.6MQ2 2025−$12.0M$8.4MQ3 2025−$4.3M$11.9MQ4 2025−$26.2M$8.0MQ1 2026−$23.4M$5.5MQ2 2026
Latest (Q2 2026): Operating cash flow −$23.4M, Capital spending $5.5M.

Capital allocation, year by year

Spire Global: where the cash came from (up) and went (down), by fiscal yearSpire Global: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$58.0MFY2021: Net borrowing $11.3MFY2021: Shares issued $1.3MFY2021: Capital spending −$15.4MFY2021: Acquisitions −$104M$12.5MFY2021FY2022: Operating cash flow −$45.7MFY2022: Net borrowing $29.5MFY2022: Shares issued $806KFY2022: Capital spending −$21.0M$30.3MFY2022FY2023: Operating cash flow −$36.3MFY2023: Net borrowing $19.9MFY2023: Shares issued $7.9MFY2023: Capital spending −$17.4M$27.8MFY2023FY2024: Operating cash flow −$18.5MFY2024: Net borrowing −$20.1MFY2024: Shares issued $335KFY2024: Capital spending −$26.6M$335KFY2024FY2025: Operating cash flow −$59.8MFY2025: Net borrowing −$106MFY2025: Shares issued $1.8MFY2025: Asset sales $239MFY2025: Capital spending −$32.8M$241MFY2025
Over these 5 years operating cash flow totalled −$218M; the largest uses were operating cash flow ($218M) and net borrowing ($126M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$91.7M
Debtnone
Net cash$91.7M
Due within a year$98.4M
Cash runway11 months

Spire Global is burning cash: its operations consume cash, a free cash flow of −$99.6M a year at the current rate against $91.7M of cash and investments: a runway of about 11 months; $98.4M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Spire Global: debt maturities by year (FY2024)Spire Global: debt maturities by year (FY2024)$98.4MYear 1$308KYear 2$308KYear 3$308KYear 4$308KYear 5$3.4MAfter year 5
Principal due in each year as disclosed in the annual report, against $91.7M of cash and investments now.

Where the cash came from and went

Spire Global: sources (+) and uses (−) of cash, Q2 2026Spire Global: sources (+) and uses (−) of cash, Q2 2026Shares issued$69.9MOperating cash flow−$23.4MCash drawn (+) / kept (−)−$22.8MOther investing−$19.0MCapital spending−$5.5MNot reconciled$342KOther financing$336K
Spire Global: sources (+) and uses (−) of cash, TTM to Q2 2026Spire Global: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$66.1MOperating cash flow−$65.9MCapital spending−$33.7MOther investing$31.1MShares issued$5.5MCash drawn (+) / kept (−)−$2.7MNot reconciled−$412K

From profit to cash

Spire Global: net income to operating cash flow, Q2 2026Spire Global: net income to operating cash flow, Q2 2026Net income−$20.0MDepreciation & amortization$4.1MStock-based pay$3.0MOther non-cash−$409KReceivables$645KPayables−$4.2MAccrued liabilities−$1.1MDeferred revenue−$1.9MContract assets−$2.8MPrepaid and other assets−$1.1MOperating cash flow−$23.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 202634—108-75
Q1 202632—146-114
Q4 202529—128-99
Q3 202548—116-68
Q2 202542—75-33
Q1 202542—56-14
Q4 202445—70-26
Q3 202435—53-18

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$23.4M−$5.5M—$69.9M−$22.8M−$28.8M
Q1 2026−$26.2M−$8.0M—$21K$8.8M−$34.2M
Q4 2025−$4.3M−$11.9M—$3K−$4.5M−$16.2M
Q3 2025−$12.0M−$8.4M—$954K$15.8M−$20.4M
Q2 2025−$35.1M−$3.6M—$200K−$229K−$38.7M
Q1 2025−$8.4M−$8.9M—$37.9M−$16.8M−$17.3M
Q4 2024−$19.2M−$5.1M—−$37.8M$9.9M−$24.3M
Q3 2024$14.0M−$8.9M−$10.0M—−$5.5M$5.1M

Spire Global: income statement and cash flow

Spire Global, Q2 2026: revenue $18.0M (-6% year over year), operating margin -110.2%. The chart follows the revenue to costs, profit and cash.

Spire Global: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.