SPIR Stock Analysis: Spire Global | NYSE
Specialty Business Services | NYSE, USA | Market Cap: 621m USD | 12M Return: 24.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 20.4M
Qual. Beats: 0
Rev. Trend: -40.7%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 5.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Spire Global, Inc. (NYSE: SPIR) is a space-based data and analytics company that operates its own constellation of low-Earth-orbit satellites to deliver subscription-based data, predictive analytics, and project-based services to customers in the Americas, Europe, the Middle East, Africa, and Asia Pacific. Founded in 2012 and headquartered in Vienna, Virginia, the company is structured around four service lines: Space Reconnaissance (supporting defense, intelligence, and national security missions), Aviation (satellite-based aircraft tracking), Weather and Climate (AI-driven space-based weather and climate analytics), and Space Services (space-as-a-service offerings, including ground station network access and cloud infrastructure).
Spire serves a diverse set of end markets, including government, logistics, insurance, energy, agriculture, and financial services, with a recurring-revenue model typical of the broader Earth observation and space-data analytics sector. The company maintains a strategic partnership with Schaeffler AG focused on space hardware subsystems, satellite platforms, and advanced RF and environmental sensing capabilities. Originally incorporated as Nanosatisfi, Inc., the company was renamed Spire Global, Inc. in July 2014 and completed its NYSE listing in November 2020.
- Government defense contracts accelerate Space Reconnaissance segment revenue
- Aviation and weather subscription ARR scales with rising enterprise demand
- Cash burn and dilution risk persist amid ongoing margin pressure
| Net Income: -91.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 21.92 > 0.02 and ΔFCF/TA 2.23k > 1.0 |
| NWC/Revenue: -6.00% < 20% (prev -48.33%; Δ 42.33% < -1%) |
| CFO/TA -0.33 > 3% & CFO -59.8m > Net Income -91.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (33.3m) vs 12m ago 29.40% < -2% |
| Gross Margin: 38.36% > 18% (prev 36.12%; Δ 2.24% > 0.5%) |
| Asset Turnover: 34.82% > 50% (prev 52.89%; Δ -18.06% > 0%) |
| Interest Coverage Ratio: -14.60 > 6 (EBIT TTM -83.7m / Interest Expense TTM 5.73m) |
| A: -0.02 (Total Current Assets 64.4m - Total Current Liabilities 68.5m) / Total Assets 182.9m |
| B: -2.81 (Retained Earnings -513.2m / Total Assets 182.9m) |
| C: -0.43 (EBIT TTM -83.7m / Avg Total Assets 195.9m) |
| D: 1.00 (Book Value of Equity 91.2m / Total Liabilities 91.7m) |
| Altman-Z'' = -11.12 = D |
| DSRI: 3.0 (Receivables 7.04b/13.5m, Revenue 68.2m/110.5m) |
| GMI: 0.94 (GM 36.12% / 38.36%) |
| AQI: -4.04k (AQ_t -511.8 / AQ_t-1 0.13) |
| SGI: 0.62 (Revenue 68.2m / 110.5m) |
| TATA: -0.17 (NI -91.3m - CFO -59.8m) / TA 182.9m) |
| Beneish M = -2.40k (Cap -4..+1) = AAA |
As of July 14, 2026, the stock is trading at USD 13.99 with a total of 1,096,021 shares traded. Over the past week, the price has changed by -20.74%, over one month by -24.13%, over three months by -39.54% and over the past year by +24.47%.
Current recommended Stop Loss: 12.00 (which is 14.2% or 1.2 ATR below the current price).
Spire Global has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy SPIR.
- StrongBuy: 4
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 20.9 | 49.2% |
P/E Trailing = 10.0881
P/S = 9.7768
P/B = 6.808
Revenue TTM = 68.2m USD
EBIT TTM = -83.7m USD
EBITDA TTM = -67.3m USD
Long Term Debt = 7.83m USD (estimated: total debt 11.8m - short term 3.93m)
Short Term Debt = 3.93m USD (from shortTermDebt, last quarter)
Debt = 11.8m USD (from shortLongTermDebtTotal, last quarter) (leases 11.8m already included)
Net Debt = -37.7m USD (calculated: Debt 11.8m - CCE 49.5m)
Enterprise Value = 583.2m USD (620.9m + Debt 11.8m - CCE 49.5m)
Interest Coverage Ratio = -14.60 (Ebit TTM -83.7m / Interest Expense TTM 5.73m)
EV/FCF = 0.15x (Enterprise Value 583.2m / FCF TTM 4.01b)
FCF Yield = 687.1% (FCF TTM 4.01b / Enterprise Value 583.2m)
FCF Margin = 5.88k% (FCF TTM 4.01b / Revenue TTM 68.2m)
Net Margin = -133.8% (Net Income TTM -91.3m / Revenue TTM 68.2m)
Gross Margin = 38.36% ((Revenue TTM 68.2m - Cost of Revenue TTM 42.0m) / Revenue TTM)
Gross Margin QoQ = 39.82% (prev 40.64%)
Tobins Q-Ratio = 3.19 (Enterprise Value 583.2m / Total Assets 182.9m)
Interest Expense / Debt = 48.72% (Interest Expense 5.73m / Debt 11.8m)
Taxrate = 6.58% (3.61m / 54.9m)
NOPAT = -78.2m (EBIT -83.7m * (1 - 6.58%)) [loss with tax shield]
Current Ratio = 0.00 (Total Current Assets 64.4m / Total Current Liabilities 16.0b)
Debt / Equity = 0.13 (Debt 11.8m / totalStockholderEquity, last quarter 91.2m)
Debt / EBITDA = 0.56 (negative EBITDA) (Net Debt -37.7m / EBITDA -67.3m)
Debt / FCF = -0.01 (Net Debt -37.7m / FCF TTM 4.01b)
Total Stockholder Equity = 85.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -46.60% (Net Income -91.3m / Total Assets 182.9m)
RoE = -106.5% (Net Income TTM -91.3m / Total Stockholder Equity 85.7m)
RoCE = -89.45% (EBIT -83.7m / Capital Employed (Equity 85.7m + L.T.Debt 7.83m))
RoIC = -68.06% (negative operating profit) (NOPAT -78.2m / Invested Capital 114.9m)
WACC = 16.78% (E(620.9m)/V(632.7m) * Re(16.24%) + D(11.8m)/V(632.7m) * Rd(48.72%) * (1-Tc(0.07)))
Discount Rate = 16.24% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 100.00 | Cagr: 22.81%
[DCF] Terminal Value 51.60% ; FCFF base≈4.01b ; Y1≈4.02b ; Y5≈4.26b
[DCF] Fair Price = 705.9 (EV 27.3b - Net Debt -37.7m = Equity 27.3b / Shares 38.7m; r=16.78% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.10 | # QB: 0
Revenue Correlation: -40.72 | Revenue CAGR: -6.86% | SUE: 0.14 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.27 | Chg30d=+26.39% | Revisions=+25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=-0.15 | Chg30d=+40.00% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.88 | Chg30d=+30.83% | Revisions=+25% | GrowthEPS=+55.1% | GrowthRev=+11.7%
EPS next Year (2027-12-31): EPS=-0.25 | Chg30d=+56.52% | Revisions=+25% | GrowthEPS=+71.4% | GrowthRev=+23.5%
[Analyst] Revisions Ratio: +57% (up=4, down=0)