Spire Global's Q3 revenue misses estimates, net loss widens

Spire Global

17/12/2025 12:41

Overview

Satellite data provider's Q3 revenue fell, missing analyst expectations

Company's Q3 net loss widened due to lower revenue and recognition timing issues

Spire awarded $11.2 mln NOAA contract for GNSS-RO data

Outlook

Spire expects Q4 2025 revenue between $14.8 mln and $16.8 mln

Company anticipates 2025 revenue between $70.5 mln and $72.5 mln

Spire forecasts over 30% revenue growth in 2026

Result Drivers

REVENUE DECLINE - Revenue decreased due to the sale of the maritime business and timing of revenue recognition, with some revenue expected to be recognized in 2026

CONTRACT WINS - Spire secured a $11.2 mln contract from NOAA for GNSS-RO data and a €3 mln contract renewal from EUMETSAT for RO data

STRONG DEMAND - Spire noted strong demand for space-based insights, driven by increased European and NATO budgets and accelerated procurement timelines

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$12.67 mln
$22 mln (5 Analysts)
Q3 Net Income
-$19.68 mln
Q3 Gross Profit
$4.64 mln
Q3 Income From Operations
-$21.05 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the wireless telecommunications services peer group is "buy"

Wall Street's median 12-month price target for Spire Global Inc is $16.00, about 72.6% above its December 16 closing price of $9.27

Press Release: ID:nBw3bSPQba

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)