UNITED STATES For the quarterly period ended September 30, 2025 SECURITIES AND EXCHANGE COMMISSION OR WASHINGTON, DC 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from______ to______ Commission File Number: 001-39493 SPIRE GLOBAL, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 85-1276957 (State or oth ...

Spire Global (NYSE:SPIR) Q3 2025 Earnings Call December 17, 2025 08:30 AM ET Company ParticipantsAndrew Steinhardt - Equity Research Senior AssociateAlison Engel - CFOTheresa Condor - CEOChris Quilty - Co-CEO and PresidentBen Hackman - Head of Investor RelationsConference Call ParticipantsJeff Van Rhee - Senior Research AnalystErik Rasmussen - VP and Senior Equity Research AnalystOperatorGreetings and welcome to the Spire Global third quarter 2025 results call. At this time, all participants are in a listen ...

Spire Global (NYSE:SPIR) Q3 2025 Earnings Call December 17, 2025 08:30 AM ET Company ParticipantsAndrew Steinhardt - Equity Research Senior AssociateAlison Engel - CFOTheresa Condor - CEOChris Quilty - Co-CEO and PresidentBen Hackman - Head of Investor RelationsConference Call ParticipantsJeff Van Rhee - Senior Research AnalystErik Rasmussen - VP and Senior Equity Research AnalystOperatorGreetings and welcome to the Spire Global third quarter 2025 results call. At this time, all participants are in a listen ...

Financial Data and Key Metrics Changes - GAAP revenue for Q3 2025 was $12.7 million, a decline year-over-year primarily due to the absence of approximately $11.5 million of maritime revenue from Q3 2024 [19] - Non-GAAP operating loss for Q3 2025 was -$13.9 million compared to -$6.1 million in Q3 2024, with adjusted EBITDA at -$11.8 million versus -$3.1 million a year ago [21][22] - The company ended Q3 2025 with $96.8 million in cash, cash equivalents, and marketable securities, utilizing $20.4 million of free cash flow during the quarter [22] Business Line Data and Key Metrics Changes - The company experienced triple-digit growth in commercial and government contracts, particularly in weather and security sectors [5] - The satellite manufacturing throughput doubled per year while maintaining flat headcount, indicating improved operational efficiency [6][15] - The backlog of remaining performance obligations exceeded $200 million, providing substantial revenue visibility moving into 2026 [22][23] Market Data and Key Metrics Changes - Demand for weather data in Europe, especially from Germany, remained robust, with significant contracts secured from NOAA and EUMETSAT [6][7] - The European Space Agency pledged EUR 22 billion in new subscriptions for the next three years, with Germany contributing EUR 5 billion, enhancing the company's strategic positioning in Europe [13] - The U.S. government defense market continues to expand, with a shared ceiling of $151 billion for the Missile Defense Agency's multi-award Shield IDIQ contract, positioning the company for future task orders [10][11] Company Strategy and Development Direction - The company aims to become Adjusted EBITDA and operating cash flow break-even by Q4 2026, focusing on cost management and aligning its cost base with revenue expectations [24] - The strategic emphasis is on expanding partnerships with commercial entities, particularly in the defense sector, as the U.S. government pushes for more commercial partnerships [7][11] - The upcoming launch of a microwave sounding satellite is expected to address a multi-billion-dollar global atmospheric sounding need, enhancing the company's product offerings [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's technology advantage and expanding capacity, despite timing impacts from the U.S. government shutdown [17] - The company anticipates over 30% revenue growth in 2026, supported by contracted programs and an expanding backlog [25] - Management highlighted the importance of the NOAA relationship and the growing demand for radio frequency geolocation services as key drivers of future growth [48] Other Important Information - The company has secured its largest radio occultation contract from NOAA, which is three times the size of last year's contract in annual sounding volume [6] - The company is the only one in Germany with deep in-space radio frequency expertise, enhancing its competitive edge in the European market [12] - The company is actively working through an SEC subpoena, with no significant updates to share at this time [44] Q&A Session Summary Question: What gives confidence in the 30% growth estimate for next year? - Management noted that over $10 million shifted across the calendar year and emphasized the urgency for commercial partnerships in Europe, particularly with large budgets emerging from Germany [27][28] Question: Is the NASA Earth observation contract expected to be renewed? - Management indicated that while the contract is delayed due to the government shutdown, they do not believe it is lost and expect it to be signed [29][30] Question: How should cash balance be viewed going forward? - Management expressed confidence in finishing the year with a strong cash balance, despite timing issues related to revenue collection and ongoing legal fees [31][32] Question: Can you break down the revenue reduction in the second half? - Management detailed that approximately $6-$8 million was related to a percent complete contract, with additional losses due to the government shutdown impacting contract signings [33][34] Question: What is the contribution mix of government contracts expected to be by the end of 2026? - Management confirmed that government contracts will continue to be a significant portion of growth, particularly with the delayed Earth observation contract and ongoing relationships with NOAA [45][46]

Business Performance and Outlook - Spire Global's remaining performance obligation exceeded $200 million as of September 30, 2025 [5] - The company anticipates over 30% revenue growth in 2026, excluding the divested maritime business, driven by secured contracts [16, 21] - Q4 2025 revenue is projected to grow sequentially by approximately $3 million at the midpoint of guidance [15] - Full year 2025 revenue guidance is between $70.5 million and $72.5 million [21] Contracts and Expansion - Spire Global secured a $2.5 million NOAA contract for satellite weather data [6] - EUMETSAT renewed a €3 million contract with Spire Global for satellite weather data [6] - Spire Global was awarded an $11.2 million NOAA contract for satellite weather data [6] - The company was selected as an awardee on the Missile Defense Agency's SHIELD IDIQ, with a shared ceiling of $151 billion [12] Investments and Technology - NATO member states are increasing defense and security investment to 5% of GDP by 2035 [12] - Germany plans to invest €35 billion through 2030 to strengthen space-based capabilities [12] - The European Space Agency has agreed to raise space spending to over €22 billion over the next three years [12]

VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) ("Spire†or "the Company†), a global provider of satellite data, analytics and intelligence, announced results for its quarter ended September 30, 2025. The Company will hold a webcast at 8:30 a.m. ET today to discuss the results. Third Quarter 2025 Highlights Financial: Third quarter 2025 revenue was $12.7 million dollars, reflecting a year over year decrease primarily associated with selling the maritime business at the end of April 2025. Spir ...

Core Insights - Spire Global, Inc. is set to release its third-quarter earnings results on December 17, with analysts predicting a loss of 33 cents per share, an improvement from a loss of 43 cents per share in the same quarter last year [1] - The consensus estimate for Spire Global's quarterly revenue is $21.17 million, down from $28.57 million reported last year [1] Financial Performance - On November 4, Spire Global reported second-quarter financial results that were worse than expected, leading to a 5.7% decline in share price, closing at $9.08 [2] - The company has faced challenges in meeting revenue expectations, as indicated by the significant drop in projected quarterly revenue compared to the previous year [1][2] Analyst Ratings - Baird analyst Jeffrey Meuler has maintained a Neutral rating on Spire Global, raising the price target from $11 to $13 [3] - Stifel analyst Erik Rasmussen has maintained a Buy rating but reduced the price target from $20 to $18 [3]

Welcome to the Green Stock news brief for Tuesday, December 9th. Here are today's top headlines. Rocket Labs Neutron rocket has successfully completed qualification testing of its innovative Hungry Hippo fairing, which stays attached to the first stage during launch and landing for full reusability.A world first for a commercial rocket. This milestone advances the development of Neutron, the world's largest carbon composite launch vehicle with a 13,000 kilogram payload capacity ahead of its first scheduled ...

Powered by Spire's High-Resolution Forecast model and advanced AI-driven modeling, the Power Generation Forecast delivers hourly power generation predictions for wind and solar. The forecasts integrate proprietary satellite data and advanced assimilation, including wind conditions at hub heights and surface solar radiation, to help energy traders, utilities, and grid operators anticipate fluctuations in renewable supply with greater accuracy. With this expansion, utilities, traders, grid operators, and rene ...

VIENNA, Va.--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) ("Spire†or "the Company†), a global provider of space-based data, analytics, and space services, today announced it was selected by GIST Research (GIST), an independent research and advisory consultancy specializing in fragile and climate-affected contexts, to provide its Soil Moisture Insights for a study mapping climate-driven pastoralist movement in Ethiopia's Somali Region. The data will feed into the International Organization. ...