Slide 1: Q2 2026 Earnings & Investor Update
Spire Global Q2 2026 Earnings & Investor Update Turning Space Data into Actionable Intelligence August 2026 | NYSE: SPIR Satellite Data · Analytics · Intelligence
Slide 2: Forward-Looking Statements
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 the opportunity
Slide 3: Q2 2026 Highlights
Q2 2026 Highlights * * $18.0M 16% 10 ($8.6M) GAAP Revenue Core Revenue Growth Satellites Shipped Adjusted EBITDA $16.6M core revenue - Core revenue (ex-Maritime) 16% year-over-year strongest quarter since up year-over-year and Launched in early July improvement Maritime divestiture sequentially Key
Slide 4: NOAA: Weather Data Opportunity
NOAA: Weather Data Opportunity Contract Actions in Progress $150M+ An eight-figure contract opportunity tied to microwave sounding, following successful on-orbit validation of the HyMS payload, plus a separate sole-source contract award, valued up to $5 Actively bid across the million,* at the end o
Slide 5: International & Commercial Weather
International & Commercial Weather EUMETSAT Commercial Weather Recently awarded a contract from EUMETSAT for radio Started off July by signing two six-figure awards for global occultation data. This has been an annual contract for Spire, weather forecasts along with historical weather data — and thi
Slide 6: RF Intelligence: A Structural Demand Driver
RF Intelligence: A Structural Demand Driver A Contested RF Environment — and Staying That Way • GNSS jamming and spoofing now affect thousands of commercial ships and aircraft, from Eastern Europe and the Baltic to the Middle East and Asia-Pacific • Vessels broadcast positions that place them on lan
Slide 7: Defense & European Positioning
Defense & European Positioning Industrial Partnerships EU SPACE EDPCI New partnerships established with Germany-based Schaeffler A new European Defence Project of Common Interest worth (sovereign European space infrastructure and next-generation up to €24 billion by 2034, structured around 7 capabil
Slide 8: Second Quarter 2026 Non-GAAP Results
Second Quarter 2026 Non-GAAP Results Core Business Revenue Non-GAAP Gross Margin Adjusted EBITDA $16.6M - 16% YoY / 19% Sequential Growth 38% — Down 14pts YoY, 6pt Sequentially ($8.6M) - 16% YoY / 15% Sequential Improvement YoY core revenue improvement primarily driven by higher YoY decline primaril
Slide 9: 2026 Outlook
2026 Outlook (in millions, except percentages and per share amounts) Full Year 2026 Guidance Revenue $75.0 - $85.0 Maritime revenue $3.4 - $3.4 Revenue excluding maritime $71.6 - $81.6 Revenue excluding maritime Y/Y change 42% - 61% Non-GAAP Operating Loss* ($37.8) – ($32.6) Adjusted EBITDA* ($26.0)
Slide 10: Path to Profitability
Path to Profitability Fixed Cost Base Revenue Acceleration Operating Leverage Satellites are in orbit. Ground H2 2026 drivers: HyMS microwave Every new contract and renewal infrastructure is built. Engineering data sales, follow-on RO contracts, accelerates our cash flow goals. teams are in place. I
Slide 11: Thank You
Thank You Trusted space-based intelligence for a safer, optimized, resilient world NYSE: SPIR Satellite Data · Analytics · Intelligence
Slide 12: Non-GAAP Reconciliation
Non-GAAP Reconciliation Year Ended Three Months Ended March 31, June 30, December 31, 2025 June 30, 2025 2026 2026 (Unaudited) Total revenue $ 71,553 $ 19,182 $ 15,834 $ 18,048 Year-over-year change (6)% Sequential change 14% Maritime revenue $ 20,974 $ 4,855 $ 1,916 $ 1,474 Revenue excluding mariti
Slide 13: Non-GAAP Reconciliation
Non-GAAP Reconciliation Q2'25 Q1'26 Q2'26 (Unaudited) Gross Margin (GAAP) 50% 40% 34% Adjustments: Exclude stock-based compensation 0% 1% 1% Exclude amortization of purchased intangibles 2% 2% 2% Exclude other acquisition accounting amortization 0% 0% 0% Exclude other unusual and infrequent costs 0%
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation Q2'25 Q1'26 Q2'26 (Unaudited) Net loss (GAAP) $ 119,590 $ (25,843) $ (19,969) Depreciation and amortization 2,524 3,018 4,063 Interest, net 1,040 (474) (782) Income tax (benefit) provision 1,801 55 263 EBITDA 124,955 (23,244) (16,425) Gain on sale of a business (154,305) 0 0
Slide 15: Non-GAAP Reconciliation
Non-GAAP Reconciliation (in thousands, except for percentages, share and per share amounts) Revenue Maritime revenue Revenue excluding maritime Loss from operations (GAAP) Adjustments: Exclude stock-based compensation Exclude other unusual and infrequent costs Exclude amortization of purchased intan