Slide 1: Spire Global Q3 2025 Investor Update
Spire Global Q3 2025 Investor Update
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD–LOOKING STATEMENTS This presentation contains forward-looking statements, including information about management's view of Spire’s future financial results and guidance, expectations, plans and prospects, including our views regarding future execution within our business, and
Slide 3: Business Update
Business Update Several significant awards drove remaining performance obligation expansion; currently over $200 million as of September 30, 2025 Deloitte Selects Spire Spire Global Awarded Spire Global Awarded EUMETSAT Awards Spire to Deliver Advanced $11.2 Million NOAA $2.5 Million NOAA Global €3
Slide 4: Business Update - Continued
Business Update - Continued Underlying demand remains strong given expanding defense and security budgets • NATO member states have committed to raising defense and security investment to 5% of GDP by 2035 • Germany recently announced plans to invest €35 billion through 2030—approximately €7 billion
Slide 5: Line of Sight for Q4 2025 Revenue Guidance
Line of Sight for Q4 2025 Revenue Guidance Revenue ~$3 million sequential growth at mid-point 18 of Q4 2025 guidance primarily driven by: 16 To go for 14 December ~$1.5 million NOAA radio occultation data 12 ~$1.0 million NOAA ocean winds data 10 Recognized ~$1.0 million CSA Wildfire Sat through Nov
Slide 6: Cash Balance
Cash Balance Cash Usage Cash, cash equivalents and • Timing of receipts vs engineering, manufacturing, and marketable securities operations expense, including increased satellite 140 manufacturing 120 100 • Additional legal and accounting fees 80 • Excluding the maritime business and certain one-tim
Slide 7: Outlook
Outlook Q4 2025 Guidance Full Year 2025 Guidance Revenue (millions) $14.8 - $16.8 $70.5 - $72.5 Non-GAAP Operating (Loss) (millions) ($16.4) – ($15.5) ($54.7) – ($53.8) Adjusted EBITDA (millions) ($12.2) – ($11.4) ($42.2) – ($41.3) Non-GAAP Loss Per Share ($0.47) - ($0.44) ($1.98) – ($1.95) Followin
Slide 8: What's next?
What’s next? A focused replenishment strategy designed to capture increasing data while maintaining approximately $5-7 million of Spire funded capex annually Prudent, incremental investments in new next-generation technology and sovereign capability • Technical improvements to payloads including Hyp
Slide 9: Thank you
Thank you Spire Global Confidential and Proprietary Information | 9
Slide 10: Non-GAAP Revenue Reconciliation
Non-GAAP Revenue Reconciliation 2025 Revenue Guidance Midpoint ~$71,500 Exclude 2025 sold maritime business revenue (~$13,000) 2025 Expected Revenue excluding sold maritime business ~$58,500 10