Filing Flows › Spire Global (SPIR) › Q1 2026 › vs Q1 2025
Spire Global (SPIR) Q1 2026 vs Q1 2025 (year over year)
Spire Global's revenue fell $8.0M (-34%) from $23.9M in Q1 2025 to $15.8M in Q1 2026. The biggest changes: Subscription Based Contract −$6.3M (-32%); Non Subscription Based Contracts −$1.8M (-40%).
Spire Global, Q1 2026: revenue $15.8M (-34% year over year), operating margin -155.2%, net loss $25.8M, operating cash flow −$26.2M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Subscription Based Contract | $13.2M | $19.5M | −$6.3M | -32% |
| Non Subscription Based Contracts | $2.6M | $4.4M | −$1.8M | -40% |
| Revenue | $15.8M | $23.9M | −$8.0M | -34% |
| Net loss | $25.8M | $23.5M | $2.3M | +10% |
| Costs & expenses | $41.7M | $52.2M | −$10.5M | -20% |
| Operating costs | $40.4M | $52.2M | −$11.8M | -23% |
| Interest & other, net | $1.2M | −$4.8M | $6.0M | — |
| Income tax | $55K | −$6K | $61K | — |
| Cost of revenue | $9.5M | $15.2M | −$5.6M | -37% |
| Research & development | $8.7M | $8.7M | $40K | +0.5% |
| Sales & marketing | $3.1M | $5.5M | −$2.4M | -43% |
| General & admin | $18.1M | $17.6M | $476K | +3% |
| Other operating costs | $909K | $5.2M | −$4.3M | -82% |
| Operating cash sources | $33.2M | $17.7M | $15.4M | +87% |
| Depreciation & amortization | $3.0M | $4.4M | −$1.4M | -32% |
| Share-based compensation | $4.0M | $4.9M | −$942K | -19% |
| Cash used in operations | $26.2M | $8.4M | $17.8M | +211% |
| Net loss absorbed | $25.8M | $23.5M | $2.3M | +10% |
| Working capital & other | $7.3M | −$5.8M | $13.1M | — |
Questions
How much did Spire Global's revenue grow year over year in Q1 2026?
Spire Global's revenue fell $8.0M (-34%) from $23.9M in Q1 2025 to $15.8M in Q1 2026.
What drove Spire Global's revenue change in Q1 2026?
Subscription Based Contract −$6.3M (-32%); Non Subscription Based Contracts −$1.8M (-40%).