Filing Flows › Spire Global (SPIR) › Q1 2025
Spire Global (SPIR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Spire Global (SPIR) reported revenue of $23.9M for the first quarter 2025 (Q1 2025), -31% from a year earlier and +10% from the quarter before. Operating margin was -106.5%, net loss $20.7M (86.5% of revenue).
Spire Global, Q1 2025: revenue $23.9M (-31% year over year), operating margin -106.5%, net loss $20.7M, operating cash flow −$8.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $23.9M | +10% | -31% |
| Operating profit | −$25.4M | — | — |
| Net earnings | −$20.7M | — | — |
| Operating cash flow | −$8.4M | — | — |
What changed
Revenue was $23.9M in Q1 2025, down 31% year over year and up 10% from the previous quarter.
Gross margin was 36.5%, up 10.0 points from a year earlier. Operating costs exceeded revenue by $25.4M, an operating margin of -106.5%. Operating expenses grew 61% against a revenue fall of 31%. The fastest-growing cost line was Other operating costs (+2165%). The quarter ended with a net loss of $20.7M, narrower than the previous quarter's $48.8M loss. Non-operating items added $4.8M, -23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$8.4M. Non-cash charges added back $4.4M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $3.9M. Capital expenditures of $8.9M exceeded it, leaving free cash flow of −$17.3M.
Questions
What was Spire Global's revenue in the first quarter 2025?
Spire Global (SPIR) reported revenue of $23.9M for the first quarter 2025 (Q1 2025), -31% from a year earlier and +10% from the quarter before.
Was Spire Global profitable in the first quarter 2025?
Operating loss was $25.4M (-106.5% of revenue) and net loss $20.7M.
Source: Spire Global 10-Q on SEC EDGAR.