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

Spire Global (NYSE:SPIR) posted its quarterly earnings data on Wednesday. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate 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 Performance

Shares of SPIR stock traded up $1.81 on Friday, reaching $20.03. 2,899,914 shares of the company’s stock traded hands, compared to its average volume of 1,268,438. Spire Global has a 12-month low of $6.60 and a 12-month high of $23.59. The company has a market capitalization of $671.57 million, a P/E ratio of 12.76 and a beta of 2.42. The business’s 50 day moving average price is $15.34 and its two-hundred day moving average price is $11.52.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a report on Thursday. Finally, Stifel Nicolaus set a $22.00 price target on Spire Global and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 58,428 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $498,390.84. Following the transaction, the chairman owned 1,693,603 shares in the company, valued at $14,446,433.59. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theresa Condor sold 41,712 shares of the business’s 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 owned 1,116,581 shares in the company, valued at $9,524,435.93. This trade represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 138,033 shares of company stock worth $1,219,760. 13.04% of the stock is owned by corporate insiders.

Institutional Trading of Spire Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lane Generational LLC lifted its position in shares of Spire Global by 40.4% in the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after buying an additional 214,532 shares during the last quarter. State Street Corp lifted its position in shares of Spire Global by 1.4% in the fourth quarter. State Street Corp now owns 528,164 shares of the company’s stock worth $3,961,000 after buying an additional 7,253 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Spire Global by 32.9% in the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after buying an additional 129,990 shares during the last quarter. AWM Investment Company Inc. lifted its position in shares of Spire Global by 25.7% in the fourth quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after buying an additional 85,492 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Spire Global by 58.0% in the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after buying an additional 98,925 shares during the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.