Filing Flows › Spire Global (SPIR) › Q4 2025
Spire Global (SPIR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 19, 2026
Spire Global (SPIR) reported revenue of $15.8M for the fourth quarter 2025 (Q4 2025), -27% from a year earlier and +25% from the quarter before. Operating margin was -146.1%, net loss $25.1M (158.6% of revenue).
Spire Global, Q4 2025: revenue $15.8M (-27% year over year), operating margin -146.1%, net loss $25.1M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.8M | +25% | -27% |
| Operating profit | −$23.1M | — | — |
| Net earnings | −$25.1M | — | — |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $15.8M in Q4 2025, down 27% year over year and up 25% from the previous quarter.
Gross margin was 40.6%, up 8.3 points from Q4 2024. Operating costs exceeded revenue by $23.1M, an operating margin of -146.1%. Operating expenses fell 23% while revenue fell 27%. The quarter ended with a net loss of $25.1M, wider than the previous quarter's $19.7M loss.
Operating cash flow was −$4.3M. Non-cash charges added back $2.9M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $14.2M. Capital expenditures of $11.9M exceeded it, leaving free cash flow of −$16.2M.
Questions
What was Spire Global's revenue in the fourth quarter 2025?
Spire Global (SPIR) reported revenue of $15.8M for the fourth quarter 2025 (Q4 2025), -27% from a year earlier and +25% from the quarter before.
Was Spire Global profitable in the fourth quarter 2025?
Operating loss was $23.1M (-146.1% of revenue) and net loss $25.1M.
Source: Spire Global 10-K on SEC EDGAR.