Filing Flows › Spire Global (SPIR) › Q3 2025
Spire Global (SPIR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Dec 17, 2025
Spire Global (SPIR) reported revenue of $12.7M for the third quarter 2025 (Q3 2025), -56% from a year earlier and -34% from the quarter before. Operating margin was -166.1%, net loss $19.7M (155.3% of revenue).
Spire Global, Q3 2025: revenue $12.7M (-56% year over year), operating margin -166.1%, net loss $19.7M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7M | -34% | -56% |
| Operating profit | −$21.1M | — | — |
| Net earnings | −$19.7M | -116% | — |
| Operating cash flow | −$12.0M | — | — |
What changed
Revenue was $12.7M in Q3 2025, down 56% year over year and down 34% from the previous quarter.
Gross margin was 36.6%, down 7.9 points from a year earlier. Operating costs exceeded revenue by $21.1M, an operating margin of -166.1%. Operating expenses fell 3% while revenue fell 56%. The fastest-growing cost line was Research & development (+62%). The quarter ended with a net loss of $19.7M, after a profit of $119.6M the previous quarter.
Operating cash flow was −$12.0M. Non-cash charges added back $2.6M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $1.2M. Capital expenditures of $8.4M exceeded it, leaving free cash flow of −$20.4M.
Questions
What was Spire Global's revenue in the third quarter 2025?
Spire Global (SPIR) reported revenue of $12.7M for the third quarter 2025 (Q3 2025), -56% from a year earlier and -34% from the quarter before.
Was Spire Global profitable in the third quarter 2025?
Operating loss was $21.1M (-166.1% of revenue) and net loss $19.7M.
Source: Spire Global 10-Q on SEC EDGAR.