Spire Global (NYSE:SPIR) Announces Earnings Results, Misses Expectations By $0.05 EPS

Spire Global (NYSE:SPIR) announced its earnings results on Wednesday. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05), FiscalAI reports. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The company had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.53 million. Spire Global updated its FY 2026 guidance to -0.950–0.810 EPS.

Here are the key takeaways from Spire Global’s conference call:

• 2026 revenue guidance was reaffirmed at $75 million–$85 million, implying more than 50% core revenue growth at the midpoint. Management said over 85% of the midpoint was under contract as of the end of July, although most remaining growth is expected in the fourth quarter.
• NOAA opportunities advanced, including a signed hyperspectral microwave sounding data extension worth up to $5 million and an eight-figure contract now in negotiation. Spire also expects a near-term radio occultation bridge award and believes the follow-on contract will exceed last year’s $11.2 million annual award.
• RF geolocation demand continued to build, with four new international customers added in the second quarter and collection capacity increasing roughly tenfold since the start of the year. New German partnerships, European defense spending, and manufacturing facilities in North America, Germany, and the U.K. are intended to support longer-term government and defense growth.
• Second-quarter non-GAAP gross margin fell to 38% from 52% a year earlier, primarily due to the cancellation of the WildFireSat contract and related balance-sheet cleanup. Adjusted EBITDA remained negative at $8.6 million, while operating cash flow used was $23.4 million, though management expects sequential improvement and EBITDA breakeven by late 2026 to early 2027.

Spire Global Trading Down 4.7%

Shares of SPIR traded down $0.70 during mid-day trading on Thursday, reaching $14.04. The company had a trading volume of 481,917 shares, compared to its average volume of 1,234,811. Spire Global has a fifty-two week low of $6.60 and a fifty-two week high of $25.93. The firm has a fifty day simple moving average of $15.25 and a 200-day simple moving average of $14.88. The stock has a market cap of $543.49 million, a price-to-earnings ratio of 8.97 and a beta of 2.55.

Trending Headlines about Spire Global

Here are the key news stories impacting Spire Global this week:

• Positive Sentiment: Spire reaffirmed its fiscal 2026 revenue outlook of $75 million to $85 million, broadly in line with the roughly $79.9 million analyst consensus. Its adjusted EPS guidance of -$0.95 to -$0.81 is also slightly better than the prior consensus estimate of -$0.97. Spire reaffirms 2026 outlook and discusses NOAA award
• Positive Sentiment: The company is negotiating a potential eight-figure NOAA microwave-sounding award. Although not yet secured, the contract could provide meaningful revenue and validate Spire’s satellite-data capabilities if awarded. NOAA microwave-sounding award negotiations
• Neutral Sentiment: Management’s earnings presentation and conference call emphasized satellite-data subscriptions and the company’s broader commercial and government opportunity pipeline, but the available reports did not identify a newly signed major subscription agreement. Q2 2026 earnings call transcript
• Negative Sentiment: Second-quarter results fell short of expectations: Spire reported a $0.31 per-share loss versus the approximately $0.26-$0.27 consensus loss, while revenue of $18.05 million missed estimates of about $18.5 million. Results also compared unfavorably with earnings of $0.48 per share a year earlier. Spire Q2 loss report

Insider Buying and Selling at Spire Global

In related news, CTO Johann Gabriel Oehme sold 3,107 shares of Spire Global stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value of $59,250.49. Following the transaction, the chief technology officer owned 218,096 shares in the company, valued at approximately $4,159,090.72. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Perez Celia Pelez sold 4,660 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value of $88,866.20. Following the sale, the chief operating officer owned 263,116 shares of the company’s stock, valued at $5,017,622.12. This represents a 1.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 52,297 shares of company stock worth $997,503. 13.04% of the stock is currently owned by company insiders.

Institutional Trading of Spire Global

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after acquiring an additional 1,260 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Spire Global by 12.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock worth $179,000 after purchasing an additional 1,695 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after purchasing an additional 1,699 shares during the period. Invesco Ltd. grew its holdings in Spire Global by 19.5% during the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock valued at $150,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Osaic Holdings Inc. purchased a new stake in Spire Global during the 2nd quarter worth $25,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analyst Ratings Changes

SPIR has been the subject of a number of recent research reports. Stifel Nicolaus set a $24.00 price objective on Spire Global and gave the stock a “buy” rating in a research report on Thursday, June 4th. Canaccord Genuity Group set a $22.50 price target on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Wall Street Zen lowered shares of Spire Global from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Benchmark reissued a “buy” rating on shares of Spire Global in a research note on Monday, August 3rd. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Spire Global currently has an average rating of “Moderate Buy” and a consensus price target of $16.70.

About Spire Global

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.