Spire Global (SPIR) Company Report

Spirit Blockchain Capital Inc. (SPIR) is a Canadian public company focused on developing and commercializing blockchain-based financial and technology infrastructure.
The company's current operating pillars include the SpiritLinQ platform for tokenized assets, strategic and infrastructure support for European digital-asset ETPs, strategic operating subsidiaries, and payments and transaction enablement.
Spirit's revenue model, which includes platform licensing and infrastructure retainers, is currently providing nominal revenue but is not yet profitable.
The company clarifies that it is not operating as an "investment company" or "investment fund" but rather as an operator of technology and financial-infrastructure solutions in the blockchain sector.

Nov 17, 2025, 10:01 PM

Press Release

Spire Global, Inc. Announces Second Quarter 2025 Results

SPIR

Earnings

Guidance Update

Spire Global, Inc. announced its Second Quarter 2025 financial results, reporting revenue of $19.2 million and net income of $119.6 million for the quarter ended June 30, 2025.
The company recorded a GAAP operating loss of $23.5 million and Adjusted EBITDA of negative $10.2 million for the second quarter of 2025.
As of June 30, 2025, Spire held $117.6 million in cash, cash equivalents, and marketable securities, with 32.7 million shares outstanding as of October 24, 2025.
Spire anticipates providing Third Quarter 2025 financial highlights and full year 2025 guidance in early December 2025.

Nov 3, 2025, 11:15 PM

8-K

Spire Global Announces Second Quarter 2025 Results

SPIR

Earnings

Guidance Update

Spire Global announced revenue of $19.2 million for the second quarter ended June 30, 2025, which achieved the midpoint of its guidance range.
For Q2 2025, the company reported a net income of $119.6 million and an Adjusted EBITDA of negative $10.2 million.
Remaining performance obligations not yet recognized as revenue totaled $208.9 million.
As of June 30, 2025, Spire Global held $117.6 million in cash, cash equivalents, and marketable securities.
The company expects to provide third quarter 2025 financial highlights and full year 2025 guidance in early December 2025.

Nov 3, 2025, 11:12 PM

Press Release

Spire Global Secures €3 Million Contract Renewal with EUMETSAT

SPIR

New Projects/Investments

Spire Global, Inc. has been awarded a €3 million contract renewal by EUMETSAT, Europe’s meteorological satellite agency.
This renewal is for a two-year operational contract that commenced on August 14, 2024.
Under the contract, Spire Global will continue to provide radio occultation (RO) data in near-real time, which offers vertical profiles of pressure, humidity, and temperature for global weather forecasting.

Oct 8, 2025, 10:45 AM

Press Release

Spire Global Receives NYSE Non-Compliance Notice for Late 10-Q Filing

SPIR

Delisting/Listing Issues

Spire Global, Inc. received a notice from the New York Stock Exchange (NYSE) on August 20, 2025, indicating non-compliance with its continued listing standards.
This non-compliance is due to the company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, by the August 19, 2025, deadline.
To regain compliance, Spire Global must file the Form 10-Q with the SEC before February 19, 2026.
The company is actively working to complete and file the Form 10-Q as soon as practicable within the six-month period provided by the NYSE.

Aug 22, 2025, 12:00 AM

8-K

Spire Launches Enhanced Space-Based RF Intelligence Capabilities

SPIR

Product Launch

New Projects/Investments

Spire Global, Inc. has launched new space-based radio frequency (RF) geospatial intelligence (GEOINT) capabilities, expanding its Space Reconnaissance portfolio for defense and security sectors.
These new capabilities offer persistent monitoring, real-time geolocation, and multi-layered situational awareness for U.S. and international missions.
In June 2024, Spire was awarded a $14 million contract by the U.S. Air Force Research Laboratory to develop and deploy a satellite cluster for detecting and tracking moving objects.
Additional detection satellite clusters are scheduled to launch no earlier than late 2025 through 2026 to expand coverage and increase revisit rates.

Jul 24, 2025, 10:45 AM

Press Release

Spire Global Q1 2025 Earnings Call Overview

SPIR

Earnings

Revenue Acceleration/Inflection

Progress toward profitability was emphasized with significant improvements in non‐GAAP operating losses and an 84% improvement in adjusted EBITDA, reflecting enhanced operational efficiency.
The company highlighted its strong data capabilities, processing over 10 TB of data per day, and noted a strategic multi‐million dollar deal in weather forecasting that leverages proprietary AI/ML models.
2024 guidance shows a projected 20% revenue improvement and positive adjusted EBITDA, indicating a pivotal financial inflection point.

May 14, 2025, 9:00 PM

Presentation

Spire Global Completes Maritime Business Sale; Debt Eliminated

SPIR

M&A

Debt Issuance

Spire Global completed the sale of its maritime business to Kpler for approximately $233.5 million, plus a $7.5 million transitional services agreement.
Proceeds from the sale were used to retire all outstanding debt, positioning the company for future growth investments.

Apr 25, 2025, 12:00 AM

8-K

Spire Global Resolves Maritime Business Litigation

SPIR

Legal Proceedings

M&A

Spire Global, Inc. entered into a share purchase agreement on November 13, 2024, to sell its maritime business to Kpler Holding SA.
The company initiated litigation on February 10, 2025, alleging that Kpler breached the agreement, and a trial was scheduled for May 28-30, 2025 before resolving the dispute on April 6, 2025 with an agreement to close by April 25, 2025 (extendable to April 30, 2025).

Apr 7, 2025, 12:00 AM

8-K

Spire Global Addresses Audit Deficiencies and CFO Transition

SPIR

CFO Change

Financial Restatement

Audit Issue: The company disclosed that its Annual Report for the year ended December 31, 2024 was filed before PwC completed the audit, and the unaudited financial statements should not be relied upon due to significant deficiencies, including the absence of a complete audit report and going concern disclosure.
CFO Change: The board approved the removal of Interim CFO Thomas Krywe and the appointment of Alison Engel as the new CFO, with the transition effective following the filing of an amendment to correct these audit concerns.

Apr 4, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Spire Global.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Theresa Condor say about margins?What are Spire Global's strategic priorities?How is Spire Global positioned vs competitors?How did Spire Global do last quarter?

Let Fintool AI Agent track Spire Global's earnings for you

Get instant analysis when filings drop