Spire Global's Q4 revenue beats estimates on higher ocean winds data sales

Spire Global

18/03/2026 11:42

Overview

Satellite data provider's Q4 revenue fell 27% yr/yr but beat analyst expectations

Adjusted EBITDA loss for Q4 improved 8% yr/yr, reflecting greater operating leverage

Company divested maritime business in April 2025, impacting yr/yr revenue comparisons

Outlook

Spire sees Q1 2026 revenue between $14.5 mln and $15.5 mln

Company expects FY 2026 revenue of $75 mln to $85 mln

Spire forecasts FY 2026 revenue excluding maritime of $71.3 mln to $81.3 mln

Result Drivers

BUSINESS DIVESTITURE - Q4 revenue decline was primarily due to the sale of the maritime business at the end of April 2025

DATA SALES AND SPACE SERVICES - Sequential revenue growth in Q4 was driven by higher radio occultation and ocean winds data sales under NOAA awards and increased revenue recognition from space services

Company press release: ID:nBw6ChhZva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$15.83 mln
$15.49 mln (6 Analysts)
Q4 EPS
-$0.76
Q4 Net Income
-$25.09 mln
Q4 Gross Profit
$6.43 mln
Q4 Income From Operations
-$23.12 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 $14.00, about 29.2% above its March 17 closing price of $10.84

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)