SPIR: the cash flow

MyFinsight

For the year ending 2025-12-31, SPIR had $5,708K increase in cash & cash equivalents over the period. -$92,605K in free cash flow.

Cash Flow	2025-12-31
Net loss	51,305
Depreciation and amortization	12,405
Stock-based compensation	18,702
Amortization of operating lease right-of-use assets	3,084
Change in fair value of warrant liabilities	-3,193
Change in fair value of contingent earnout liability	1,455
Issuance of stock warrants	0
Loss on decommissioned satellites and disposal of assets	9,281
Loss on extinguishment of debt	-12,008
Gain on sale of a business	154,305
Transaction costs on sale of a business	-23,744
Other, net	-2,349
Accounts receivable, net	-8,915
Contract assets	846
Other current assets	2,936
Other long-term assets	-1,361
Accounts payable	1,607
Contract liabilities	2,899
Other accrued expenses	5,117
Operating lease liabilities	-2,375
Other long-term liabilities	-8
Net cash used in operating activities	-59,829
Purchases of short-term investments	120,479
Maturities of short-term investments	65,500
Purchase of property and equipment	32,776
Proceeds from sale of a business, net of cash	238,948
Net cash provided by (used in) investing activities	151,193
Proceeds from securities purchase agreements, net	37,297
Payments on long-term debt	105,742
Payments on long-term debt closing fees	9,091
Proceeds from exercise of stock options	1,827
Proceeds from employee stock purchase plan	807
Net cash (used in) provided by financing activities	-74,902
Effect of foreign currency translation on cash, cash equivalent and restricted cash	-10,754
Net increase (decrease) in cash, cash equivalents and restricted cash	5,708
Beginning balance	19,684
Ending balance	25,392

Unit: Thousand (K) dollars (except for numbers of shares and EPS).