Feed / SPIR

Spire Global, Inc.

SPIR

Industrials · 11.27 -1.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Spire Global, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 19 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company-1.9% todayVolume comparison unavailable
Market group0 of 19 activeUranium and Industrial Metals · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • SPIR's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if SPIR's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Specialty Business Services

No new filing conclusion is available. 0 of 19 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • SPIR's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations319
Usable filing statements188
Verified relationships1
Evidence supporting the case
  • Net margin changed +165.3 percentage points in the latest annual period.
  • Restructuring and cost reductions has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Latest annual revenue changed -35.2% year over year.
  • Operating margin changed -71.4 percentage points in the latest annual period.
  • Diluted shares increased 32.2% in the latest annual period.
  • Operating cash flow was only -1.166x net income in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 41% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

11.27
6m+27.3%12m+23.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$43.4M+52.2%$-0.61
2022-12-31$80.3M+85.1%$-5.11
2023-12-31$97.6M+21.6%$-3.96+12.0%
2024-12-31$110.5M+13.2%$-4.28+23.4%
2025-12-31$71.6M-35.2%$1.49+32.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 4 filings
Interest expense decreased by $5.7 million, or 100%, for the three months ended March 31, 2026, compared with the three months ended March 31, 2025, due to the repayment of our outstanding debt on April 25, 2025.
10-Q · May 14, 2026
Foreign exchangemixed · 4 filings
We continue to experience foreign currency fluctuations primarily due to the periodic re-measurement of our foreign currency monetary account balances that are denominated in currencies other than the functional currency of the entities in which they are reco…
10-Q · May 14, 2026
Macroeconomic conditionspositive · 3 filings
Since such gains and losses are driven by macroeconomic factors and can vary significantly between periods, we believe their exclusion is useful to management and investors in evaluating the performance of our ongoing operations on a period-to-period basis.
10-Q · May 14, 2026
Restructuring and cost reductionspositive · 3 filings
The increase in personnel costs was driven by higher stock-based compensation expense of $3.0 million due to employee separations, an increase of $2.1 million in bonus expense, and an increase of $1.1 million in severance expense, which were all related to th…
10-K · Mar 19, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.0× · EV/sales 4.7×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

11.27-1.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for SPIR. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for SPIR. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind SPIR

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

AUSTFiling-linked namepartnerMar 19, 2026

Blue Torch Credit Agreement On June 13, 2022, the Company, as borrower, and Spire Global Subsidiary, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

SPIR is currently a Follower in the organic co-movement group Uranium and Industrial Metals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for SPIR; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.