Spire Global (NYSE:SPIR) Releases Earnings Results, Beats Estimates By $0.01 EPS

Spire Global (NYSE:SPIR) posted its quarterly earnings results on Wednesday. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01, FiscalAI reports. Spire Global had a negative return on equity of 31.43% and a net margin of 77.12%.The company had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.08 million.

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

• Spire said Q1 revenue of $15.8 million and adjusted EBITDA of negative $10.2 million both beat the high end of guidance, while core revenue ex-maritime grew 13% year over year.
• Management reaffirmed full-year 2026 guidance of $75 million-$85 million in revenue and said about 76% of that revenue is already under contract, with additional visibility from sole-source procurement opportunities.
• Spire highlighted major traction in RF geolocation (RFGL), including five new U.S. orders, three international customers, and initial revenue generation, with the company saying the product is moving from technical milestone to revenue stream.
• The company’s Hyperspectral Microwave Sounder has achieved first light and is delivering data, while management said the data quality is meeting or exceeding targets and supports upcoming NOAA opportunities.
• Spire ended the quarter with about $50 million in cash and marketable securities and later raised an additional $65.5 million net in a private placement, saying the balance sheet provides runway through adjusted EBITDA breakeven and beyond.

Spire Global Stock Up 9.9%

Shares of SPIR stock traded up $1.81 during mid-day trading on Friday, hitting $20.03. 2,899,914 shares of the stock were exchanged, compared to its average volume of 1,268,438. Spire Global has a 52-week low of $6.60 and a 52-week high of $23.59. The firm has a fifty day moving average of $15.34 and a 200 day moving average of $11.52. The company has a market cap of $671.57 million, a PE ratio of 12.76 and a beta of 2.42.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the stock a “buy” rating in a research note on Thursday. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research note on Thursday. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Stifel Nicolaus set a $22.00 price objective on Spire Global and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Spire Global presently has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Insider Activity at Spire Global

In other Spire Global news, CEO Theresa Condor sold 41,712 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $355,803.36. Following the completion of the transaction, the chief executive officer directly owned 1,116,581 shares of the company’s stock, valued at approximately $9,524,435.93. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Perez Celia Pelez sold 19,134 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $163,213.02. Following the completion of the transaction, the chief operating officer owned 267,776 shares in the company, valued at approximately $2,284,129.28. The trade was a 6.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 138,033 shares of company stock valued at $1,219,760 over the last quarter. 13.04% of the stock is owned by insiders.

Institutional Trading of Spire Global

A number of hedge funds and other institutional investors have recently made changes to their positions in SPIR. BNP Paribas Financial Markets boosted its position in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 acquiring an additional 1,695 shares in the last quarter. Tower Research Capital LLC TRC increased 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 buying an additional 1,699 shares during the period. Invesco Ltd. boosted its holdings in Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock valued at $150,000 after acquiring an additional 2,062 shares during the last quarter. Finally, Osaic Holdings Inc. bought a new stake in Spire Global in the second quarter valued at approximately $25,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.