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Spire Global vs Elauwit Connection: SPIR and ELWT compared
Spire Global is the larger company: $18.0M of revenue in its latest quarter (Q2 2026) against $2.9M for Elauwit Connection (Q2 2026). Spire Global is growing faster (-6% against -46% a year earlier). Elauwit Connection is more profitable, with an operating margin of -108.5% against -110.2%.
Where the money goes: SPIR and ELWT
Spire Global (SPIR) · Q2 2026
Spire Global, Q2 2026: revenue $18.0M (-6% year over year), operating margin -110.2%, net loss $20.0M, operating cash flow −$23.4M. The chart follows the revenue to costs, profit and cash.
Elauwit Connection (ELWT) · Q2 2026
Elauwit Connection, Q2 2026: revenue $2.9M (-46% year over year), operating margin -108.5%, net loss $3.1M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Spire Global (SPIR) | Elauwit Connection (ELWT) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $18.0M | $2.9M |
| Revenue growth, Y/Y | -6% | -46% |
| Operating margin | -110.2% | -108.5% |
| Net earnings | −$20.0M | −$3.1M |
| Net margin | -110.6% | -109.6% |
| Operating cash flow | −$23.4M | −$2.7M |
Where the revenue comes from
Spire Global
- Subscription Based Contract: $12.6M (70%)
- Non Subscription Based Contracts: $5.5M (30%)
Elauwit Connection
- Network design and installation: $1.6M (57%)
- Internet network services and hardware and internet service: $1.2M (43%)
Questions
Which is bigger, Spire Global or Elauwit Connection?
Spire Global is the larger company: $18.0M of revenue in its latest quarter (Q2 2026) against $2.9M for Elauwit Connection (Q2 2026).
Is Spire Global or Elauwit Connection growing faster?
Spire Global is growing faster (-6% against -46% a year earlier).
Which is more profitable, Spire Global or Elauwit Connection?
Elauwit Connection is more profitable, with an operating margin of -108.5% against -110.2%.
More: Spire Global earnings · how Spire Global makes money · Elauwit Connection earnings · how Elauwit Connection makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Aug 19, 2026). Fiscal quarters can end on different dates. Not investment advice.