Spire Global, Inc. (SPIR)

From the record

Spire Global, Inc.'s filings since 2020 show 20 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2025-11-26); a warning not to rely on past financial statements (8-K item 4.02, 4 times, the latest 2025-04-04); an auditor change (8-K item 4.01, 4 times, the latest 2025-11-05); a late-report notice (Form NT 10-K or NT 10-Q, 6 times, the latest 2025-11-14) (its current reports).

From the record

Spire Global, Inc.'s 6 filed years say what it did: revenue went from $28 million in fiscal 2020 to $72 million in fiscal 2025, up 20.2% a year; it rose in 4 of 5 years; the deepest fall was 35% from fiscal 2024 to fiscal 2025; net income was positive in 1 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Spire Global, Inc. earned about 45 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 14 cents per dollar of everything the company owns. Leverage: it owed about 46 cents per dollar of assets, and net share issuance: its share count grew 32.2% over the year (the filed statements).

From the record

Spire Global, Inc.'s standing among 19 graded names in its industry family: revenue of $72 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of 71.7% ranks in the top 3%; revenue growth of 0.4% a year over the last 3 filed years ranks in the bottom 29% (its annual reports).

From the record

Spire Global, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Condor, Theresa (Chief Executive Officer, as filed), filing under that title since 2025-02-25, 1.7 years (bottom 29% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 1.9 years (bottom 4%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 17%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Spire Global, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $25 million against no long-term debt tagged leaves 12% of its assets as net cash, top 34% of its family; cash from operations less capital spending is -129.4% of revenue (bottom 8%); a gross margin of 40.8% (top 39%); research spending of 51.3% of revenue (top 3%) (its annual report).

From the record

Spire Global, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 0.4% a year over the last three filed years against 20.2% over all 6, slowing (bottom 15% of its family); the newest year grew -35.2% (bottom 9%); research spending grew 18.4% a year (top 18%); capital spending grew 16% a year (top 38%) (its annual reports). Spire Global, Inc. reported 2 product lines in fiscal 2025: Subscription Based Contract at $55 million (78%), Non Subscription Based Contracts at $16 million (23%); 0 of 2 grew against the year before (its annual report).

From the record

Spire Global, Inc.'s newest year against its own record: revenue of $72 million in fiscal 2025 came in 48.1% below the $138 million its prior three years' pace pointed to (bottom 9% of its family); net income of $51 million against a prior three-year average of $93 million (top 9%); a net margin of 71.7% against losses larger than its revenue before (top 15%) (its annual reports).