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Spire Global Announces Second Quarter 2026 Results; Reaffirms Full-Year Revenue Guidance

SPIR
  • Spire Global reported second quarter 2026 revenue of $18.0 million, a 6% year-over-year decline & a 14% sequential increase.
  • Excluding the divested maritime business, second quarter 2026 revenue grew 16% year-over-year & 19% sequentially.
  • The company reported a GAAP net loss of $20.0 million for the quarter, compared to prior year net income of $119.6 million.
  • Adjusted EBITDA for the second quarter 2026 was ($8.6) million, representing a 16% year-over-year improvement & a 15% sequential improvement.
  • GAAP gross margin declined to 34% year-over-year, primarily due to the cancellation of the WildFireSat contract.
  • Spire announced strategic partnerships with Schaeffler & Diehl Defence to strengthen its European space ecosystem positioning.
  • The company signed four new international customers for its radio-frequency geolocation (RFGL) business during the quarter.
  • Spire launched 10 satellites in July 2026, bringing the total number of launches for the year to twenty-nine.
  • The company successfully demonstrated a cross-plane laser connection between two O-ISL equipped satellites in July 2026.
  • Spire maintains a debt-free balance sheet with $91.7 million in cash, cash equivalents, & marketable securities as of June 30, 2026.
  • Full year 2026 revenue guidance excluding maritime revenue is set between $71.6 million & $81.6 million.
  • Full year 2026 adjusted EBITDA guidance is projected to range from ($20.7) million to ($26.0) million.
  • A conference call to discuss the results is scheduled for 5:00 p.m. ET on the announcement date.