For the year ending 2025-12-31, SPIR made $71,553K in revenue. $51,305K in net income. Net profit margin of 71.70%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| Revenue | 71,553 | 110,451 | 97,612 | |
| Cost of revenue | 42,390 | 70,560 | 59,024 | |
| Gross profit | 29,163 | 39,891 | 38,588 | |
| Research and development | 36,672 | 29,188 | 27,650 | |
| Sales and marketing | 15,334 | 22,220 | 25,754 | |
| General and administrative | 64,009 | 49,744 | 41,999 | |
| Loss on decommissioned satellites and other assets write-offs | 9,129 | 3,447 | 747 | |
| Allowance for current expected credit loss on notes receivable | 0 | 4,026 | 1,218 | |
| Total operating expenses | 125,144 | 108,625 | 97,368 | |
| Loss from operations | -95,981 | -68,734 | -58,780 | |
| Interest income | 2,436 | 1,547 | 2,332 | |
| Interest expense | 7,418 | 20,358 | 19,036 | |
| Gain on sale of a business | 154,305 | - | - | |
| Loss on extinguishment of debt | -12,008 | - | - | |
| Change in fair value of contingent earnout liability | 1,455 | -1,235 | 129 | |
| Change in fair value of warrant liabilities | -3,193 | 5,254 | 1,597 | |
| Issuance of stock warrants | 0 | 2,399 | - | |
| Foreign exchange gain (loss) | 10,583 | -4,314 | - | |
| Other expense, net | -1,649 | -1,912 | -748 | |
| Total other income (expense), net | 150,897 | -33,925 | -18,920 | |
| Income (loss) before income taxes | 54,916 | -102,659 | -77,700 | |
| Income tax provision | 3,611 | 159 | -142 | |
| Net income (loss) | 51,305 | -102,818 | -77,558 | |
| Basic EPS | 1.66 | -4.26 | -3.96 | |
| Diluted EPS | 1.49 | -4.26 | -3.96 | |
| Basic Average Shares | 30,910,259 | 24,159,770 | 19,580,006 | |
| Diluted Average Shares | 31,950,850 | 24,159,770 | 19,580,006 | |
Spire Global, Inc. (SPIR)
Spire Global, Inc. (SPIR)