Filing Flows › Spire Global (SPIR) › Q4 2024
Spire Global (SPIR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Spire Global (SPIR) reported revenue of $21.7M for the fourth quarter 2024 (Q4 2024), -77% from a year earlier and -24% from the quarter before. Operating margin was -144.1%, net loss $48.8M (225.2% of revenue).
Spire Global, Q4 2024: revenue $21.7M (-77% year over year), operating margin -144.1%, net loss $48.8M, operating cash flow −$19.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.7M | -24% | -77% |
| Operating profit | −$31.2M | — | — |
| Net earnings | −$48.8M | — | — |
| Operating cash flow | −$19.2M | — | — |
What changed
Revenue was $21.7M in Q4 2024, down 77% year over year and down 24% from the previous quarter.
Gross margin was 32.4%, up 25.5 points from a year earlier. Operating costs exceeded revenue by $31.2M, an operating margin of -144.1%. Operating expenses grew 96% against a revenue fall of 77%. The fastest-growing cost line was Other operating costs (+187%). The quarter ended with a net loss of $48.8M, wider than the previous quarter's $12.5M loss.
Operating cash flow was −$19.2M. Non-cash charges added back $5.4M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items added $17.6M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$24.3M.
Questions
What was Spire Global's revenue in the fourth quarter 2024?
Spire Global (SPIR) reported revenue of $21.7M for the fourth quarter 2024 (Q4 2024), -77% from a year earlier and -24% from the quarter before.
Was Spire Global profitable in the fourth quarter 2024?
Operating loss was $31.2M (-144.1% of revenue) and net loss $48.8M.
Source: Spire Global 10-K on SEC EDGAR.