SPIRNYSECommunications Services, NECFiscal year ends December 31
Spire Global, Inc.
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 10-Q on Aug 13, 2026
$8.73−0.22 (-2.46%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 5.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
40.8%−23.1 pts over 5 years
Operating margin
-134.1%−42.8 pts over 5 years
Net margin
71.7%+185.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -35.2% | +0.4% | +20.2% | – | |
| Gross profit | -26.9% | +19.4% | +9.9% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 96.5% | 101.4% | |
| Return on assets | – | – | 25.4% | |
| Current ratio | – | 1.68 | 1.30 | |
| Debt to equity | – | -0.55 | – | |
| Net debt to EBITDA | – | -0.52× | – | |
| Interest coverage | – | -3.8× | -12.9× | |
| Capex to revenue | – | 36.2% | 45.8% | |
| Diluted shares | – | 2M | 32M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Spire Global generated $218.32M from operations and spent $113.12M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$218.32M
Used
$113.12M
Capital expenditure$113.12M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin71.7%
×Asset turnover0.35×
×Equity multiplier4.00×
=Return on equity, FY2025101.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 71.7% | 0.35× | 4.00× | 101.4% |
| FY2024 | -93.6% | 0.51× | 16.59× | -792.1% |
| FY2023 | -79.5% | 0.39× | 3.84× | -120.3% |
| FY2022 | -139.9% | 0.26× | 1.94× | -70.4% |
| FY2021 | -87.8% | 0.26× | 2.37× | -53.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$51.31M
- Cash generatingOperating cash flow above zero-$59.83M
- Return on assets improvedROA up on the prior year-43.2% → 26.5%
- Earnings backed by cashOperating cash flow above net income-$59.83M vs $51.31M
- Less leverageLong-term debt to assets fell2.4% → –
- Better liquidityCurrent ratio rose0.61 → 1.30
- No dilutionShare count did not rise24M → 32M
- Gross margin improvedGross margin up on the prior year36.10% → 40.76%
- More efficientAsset turnover rose0.46 → 0.37