Earnings Releases·Nov 10, 2026, 4:16 PM ET

Spire Global — Third Quarter 2026 Earnings Summary

GAAP revenue reached $18.0 million, up 42% year-over-year (77% excluding maritime), while GAAP gross margin improved 9 percentage points to 46%; net loss widened slightly to $20.3 million from $19.7 million, though Adjusted EBITDA improved 27% year-over-year to $(8.6) million.
Full-year 2026 revenue guidance remains $75–$80 million with Adjusted EBITDA guidance of $(32.4) to $(27.4) million; preliminary 2027 revenue guidance is set at $96–$106 million, with management shifting focus to revenue and Adjusted EBITDA metrics.
Secured significant government contracts including a $33.2 million NOAA task order (potential value up to $66 million) and a $28 million two-year contract for hyperspectral microwave technology, alongside RFGL business expansion and the successful launch of three new satellites from its U.S. manufacturing facility.
Maintained a debt-free balance sheet with $78.0 million in cash and marketable securities, while remaining performance obligations totaled $175.4 million as of September 30, 2026.