Business Wire·Nov 10, 2026, 4:05 PM ET

Spire Global Announces Third Quarter 2026 Results, Achieving 42% Year-Over-Year Revenue Growth

Spire Global reported third quarter 2026 revenue of $18.0 million, a 42% year-over-year increase, and a 77% increase excluding the maritime business.
The company recorded a net loss of $20.3 million for the quarter, compared to a $19.7 million loss in the prior year period.
Adjusted EBITDA improved 27% year-over-year to $(8.6) million, driven primarily by higher revenue.
Cash flow used in operations was $5.0 million, representing a 59% year-over-year improvement and a 79% sequential improvement from the second quarter.
Remaining performance obligations as of September 30, 2026, totaled $175.4 million.
Spire secured a $33.2 million task order from NOAA for GNSS-RO data delivery, with potential total value reaching $66 million if options are exercised.
NOAA awarded Spire a $28 million two-year contract to advance hyperspectral microwave sounding technology for operational weather forecasting by 2030.
The RFGL business expanded with two U.S. and three international awards signed in the third quarter.
Spire successfully launched three satellites built at its Boulder, Colorado manufacturing facility in October 2026.
Full year 2026 revenue is forecast between $75 million and $80 million, with adjusted EBITDA expected between $(32.4) million and $(27.4) million.
Preliminary 2027 revenue guidance ranges from $96 million to $106 million.
Spire maintains a debt-free balance sheet with $78.0 million in cash, cash equivalents, and marketable securities as of September 30, 2026.