Filing Flows › Spire Global (SPIR) › Q1 2026
Spire Global (SPIR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Spire Global (SPIR) reported revenue of $15.8M for the first quarter 2026 (Q1 2026), -34% from a year earlier and +0.1% from the quarter before. Operating margin was -155.2%, net loss $25.8M (163.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.8M | +0.1% | -34% |
| Operating profit | −$24.6M | — | — |
| Net earnings | −$25.8M | — | — |
| Operating cash flow | −$26.2M | — | — |
What changed
Revenue was $15.8M in Q1 2026, down 34% year over year and roughly flat from the previous quarter. Subscription Based Contract was the largest line at 83% of revenue. Subscription Based Contract lost $6.3M year over year (down 32%), 78% of the total change.
Gross margin was 39.8%, up 3.3 points from Q1 2025. Operating costs exceeded revenue by $24.6M, an operating margin of -155.2%. Operating expenses fell 17% while revenue fell 34%. The quarter ended with a net loss of $25.8M, wider than the previous quarter's $25.1M loss.
Operating cash flow was −$26.2M. Non-cash charges added back $3.0M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $7.3M. Capital expenditures of $8.0M exceeded it, leaving free cash flow of −$34.2M.
Questions
What was Spire Global's revenue in the first quarter 2026?
Spire Global (SPIR) reported revenue of $15.8M for the first quarter 2026 (Q1 2026), -34% from a year earlier and +0.1% from the quarter before.
Was Spire Global profitable in the first quarter 2026?
Operating loss was $24.6M (-155.2% of revenue) and net loss $25.8M.
Source: Spire Global 10-Q on SEC EDGAR.