Spire Global, Inc. announced its financial results for the third quarter of 2025.
The company reported a decrease in revenue compared to the previous year, mainly due to selling the maritime business in April 2025.
Spire faced revenue recognition timing challenges and uncertainty regarding the renewal of an Earth observation data contract.
Revenue Decrease
Third-quarter revenue was $12.7 million, lower than the previous year, impacted by the sale of the maritime business and revenue recognition timing.
Operating Loss
Third-quarter operating loss was $21.1 million, with a net loss of $19.7 million, driven by lower revenue and recognition timing effects.
Business Expansion
Spire secured contracts with NOAA and Deloitte, receiving awards for providing GNSS-RO data and building satellites for advanced capabilities.
Strong Demand Environment
Increased demand for space-based insights, especially in Europe and NATO, positions Spire well due to strategic investments and on-orbit data collection.
- Spire reported an operating loss of $21.1 million and a net loss of $19.7 million for the third quarter of 2025.
- The revenue decrease was primarily attributed to selling the maritime business and revenue recognition timing challenges.
- Despite facing uncertainties, Spire secured significant contracts with NOAA, Deloitte, EUMETSAT, and continues to meet the demand for space-based insights.
Spire Global's financial results for the third quarter of 2025 reflect challenges in revenue recognition and lower revenue compared to the previous year. However, the company's strategic contracts and strong demand environment position it favorably for future growth.