Spire Global, Inc. (SPIR) Stock

Spire Global, Inc. (SPIR) is a Communication Services stock trading at $13.88 (as of 2026-08-20), with a market capitalization of $461.78M and a trailing P/E of 10.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Spire Global, Inc. provides a platform combining hardware with analytics to collect and process data related to the oceans, skies, and weather. It serves maritime, weather, aviation, space and earth intelligence customers, including federal users.

Understand Spire Global, Inc.: how it makes money

Spire Global builds a hardware and intelligent analytics platform that tracks the oceans, skies, and weather, and sells tracking data and earth intelligence to customers in maritime, weather, aviation, space services, and federal industries.

The profit engine is recurring customer economics, where growth and durability are reflected in Annual Recurring Revenue at Quarter End, Remaining Performance Obligations, and net retention, rather than one-time revenue.

Business quality (Weak): Customer commitments and recurring metrics are tracked (ARR, remaining performance obligations, net retention), but the latest period shows a very large operating loss (operating margin -155.2%), so investors should weigh cash and execution risk alongside retention signals.

Valuation: At 11× earnings, SPIR trades 38% below the Communication average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring demand signals: Annual Recurring Revenue at Quarter End is tracked alongside Remaining Performance Obligations (0.2 USD_B), which can indicate future revenue conversion.
  • Net retention above 100%: Annual Recurring Revenue Net Retention Rate is 102.0 percent, which suggests customers are expanding or staying at least as much as churn in this measure.

Bear case

  • Operating profitability is weak: Operating margin is -155.2 percent in the latest period, indicating costs outweigh operating results despite gross margin of 39.8 percent.
  • Revenue scale shown in the snapshot is small: GAAP Revenue is 0.02 USD_B, and several category revenue candidates are 0.0 USD_B (for example Maritime Revenue and Revenue from ExactEarth), so quarter-to-quarter volatility could be high.
Valuation — source: SEC EDGAR (first-party)
Price$13.88
Market Cap$461.78M
P/E Ratio10.0
Price / Sales7.27
FCF Yield-23.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$71.55M
Net Margin71.7%
Revenue Growth (YoY)-33.7%
EPS Growth (YoY)1.3%
FCF Growth (YoY)97.2%
Financial Health — source: SEC EDGAR
Altman Z-Score-1.56 (distress)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E10.0
Sector P/E (Communication Services)24.4
Industry P/E (Communication)17.9
vs Sector-58.9%
vs Industry-44.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder325 CAPITAL LLC ($23.59M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryCommunication
CEOTheresa Condor
Employees434
CountryUS
IPO Date2020-11-03

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SPIR earnings history · SPIR institutional & insider holders · SPIR KPIs & operating metrics · SPIR financials · SPIR investor presentations & press releases · SPIR SEC filings · SPIR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.