Spire Global Announces Third Quarter 2025 Results

About this update from Spire Global, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1464,"height":432,"url":"https://media.zenfs.com/en/business-wire.com/d46acf904c97688f52a50ba05bc9e74c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nnDj0THIdwa5T_AHlBj5Hg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI4MztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/d46acf904c97688f52a50ba05bc9e74c","width":960,"height":283},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/nT4FniOjykr9uck9zVyF0A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03MDg7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/d46acf904c97688f52a50ba05bc9e74c","width":1200,"height":354}},"lazy":false},{"type":"text","content":"VIENNA, Va., December 17, 2025--(BUSINESS WIRE)--Spire Global, Inc. (NYSE: SPIR) ("Spire" or "the Company"), a global provider of satellite data, analytics and intelligence, announced results for its quarter ended September 30, 2025. The Company will hold a webcast at 8:30 a.m. ET today to discuss the results.","length":331,"tagName":"p"},{"type":"text","content":"Third Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"text","content":"Financial:","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Third quarter 2025 revenue was $12.7 million dollars, reflecting a year over year decrease primarily associated with selling the maritime business at the end of April 2025. Spire recognized approximately $43.5 million of revenue in 2024 for the maritime business, and year over year comparisons should be viewed with this context. Third quarter 2025 revenue was lower than expectations, primarily driven by revenue recognition timing and uncertainty regarding the renewal of an Earth observation data contract. The revenue impacted by recognition timing remains fully contracted and is expected to be recognized in 2026 as Spire executes and delivers against program milestones.","length":678,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Third quarter 2025 operating loss was $21.1 million and non-GAAP1 operating loss was $13.9 million. Third quarter 2025 net loss was $19.7 million and adjusted EBITDA1 was negative $11.8 million. Both metrics declined year over year, driven primarily by lower revenue, including revenue recognition tim...

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