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Spire Global, Inc. (SPIR) Fundamental Analysis & AI Grade 2026

SPIR NYSE Communications Services, NEC DE CIK: 0001816017
Updated This Month • Analysis: May 15, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
98% Confidence
N/A
D
98% Conf
Pending
Analysis scheduled

📊 SPIR Key Takeaways

Revenue: $15.8M
Net Margin: -163.2%
Free Cash Flow: $-34.2M
Current Ratio: 0.94x
Debt/Equity: 1.14x
EPS: $-0.78
AI Grade: D with 98% confidence
Spire Global, Inc. (SPIR) receives a D fundamental grade with 98% confidence from our AI analysis based on SEC 10-K filings. With revenue of $15.8M, net profit margin of -163.2%, and return on equity (ROE) of -28.3%, Spire Global, Inc. demonstrates mixed fundamentals in the Telecom sector. Below is our complete SPIR stock analysis for 2026.

Is Spire Global, Inc. (SPIR) a Good Investment?

Claude

Spire Global exhibits severe financial distress with 35% revenue decline, negative operating cash flow of -$26.2M against a $16M cash balance indicating critical liquidity concerns, and a debt-to-equity ratio of 1.14x with no clear path to profitability. The company's current ratio of 0.94x signals potential inability to meet short-term obligations, while -163% net margin and -$34.2M free cash flow demonstrate unsustainable operations.

Spire Global, Inc. Key Strengths (SPIR)

Claude
  • + Gross margin of 39.8% indicates underlying business fundamentals retain some value
  • + $16.0M cash on hand provides near-term runway for operations
  • + Communications services sector operates in growing market segment

SPIR Stock Risks: Spire Global, Inc. Investment Risks

Claude
  • ! Critical liquidity crisis: current ratio of 0.94x indicates insufficient current assets to cover liabilities
  • ! Severe cash burn of -$34.2M free cash flow against $16M cash balance provides less than 6 months runway
  • ! Revenue collapse of 35% YoY coupled with -$24.6M operating losses indicates business model failure
  • ! High leverage with $103.7M long-term debt and 1.14x debt-to-equity ratio limits financial flexibility
  • ! Negative operating cash flow of -$26.2M demonstrates inability to fund operations from core business

Key Metrics to Watch

Claude
  • * Quarterly cash burn rate and cash balance depletion timeline
  • * Revenue stabilization and path back to year-over-year growth
  • * Operating cash flow trajectory toward positive generation
  • * Current ratio improvement above 1.0x for liquidity restoration

Spire Global, Inc. (SPIR) Financial Metrics & Key Ratios

Revenue
$15.8M
Net Income
$-25.8M
EPS (Diluted)
$-0.78
Free Cash Flow
$-34.2M
Total Assets
$182.9M
Cash Position
$16.0M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

SPIR Profit Margin, ROE & Profitability Analysis

Gross Margin 39.8%
Operating Margin -155.2%
Net Margin -163.2%
ROE -28.3%
ROA -14.1%
FCF Margin -215.9%

SPIR vs Telecom Sector: How Spire Global, Inc. Compares

How Spire Global, Inc. compares to Telecom sector averages

Net Margin
SPIR -163.2%
vs
Sector Avg 14.0%
SPIR Sector
ROE
SPIR -28.3%
vs
Sector Avg 15.0%
SPIR Sector
Current Ratio
SPIR 0.9x
vs
Sector Avg 1.0x
SPIR Sector
Debt/Equity
SPIR 1.1x
vs
Sector Avg 1.2x
SPIR Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Spire Global, Inc. Stock Overvalued? SPIR Valuation Analysis 2026

Based on fundamental analysis, Spire Global, Inc. shows some fundamental concerns relative to the Telecom sector in 2026.

Return on Equity
-28.3%
Sector avg: 15%
Net Profit Margin
-163.2%
Sector avg: 14%
Revenue Growth
N/A
Year-over-year
Debt/Equity
1.14x
Sector avg: 1.2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Spire Global, Inc. Balance Sheet: SPIR Debt, Cash & Liquidity

Current Ratio
0.94x
Quick Ratio
0.94x
Debt/Equity
1.14x
Debt/Assets
50.1%
Interest Coverage
N/A
Long-term Debt
$103.7M

SPIR Revenue & Earnings Growth: 5-Year Financial Trend

SPIR 5-year financial data: Year 2021: Revenue $43.4M, Net Income -$32.5M, EPS N/A. Year 2022: Revenue $80.3M, Net Income -$38.1M, EPS $-0.61. Year 2023: Revenue $105.7M, Net Income -$89.4M, EPS $-5.11. Year 2024: Revenue $110.5M, Net Income -$77.6M, EPS $-3.96. Year 2025: Revenue $110.5M, Net Income -$103.4M, EPS $-4.28.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Spire Global, Inc.'s revenue has grown significantly by 155% over the 5-year period, indicating strong business expansion. The most recent EPS of $-4.28 indicates the company is currently unprofitable.

SPIR Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-215.9%
Free cash flow / Revenue

SPIR Quarterly Earnings & Performance

Quarterly financial performance data for Spire Global, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $15.8M -$23.5M $-0.78
Q3 2025 $12.7M -$12.5M $-0.50
Q2 2025 $19.2M -$16.6M $-0.68
Q1 2025 $23.9M -$20.7M $-0.77
Q3 2024 $22.1M -$12.5M $-0.50
Q2 2024 $25.4M -$16.6M $-0.68
Q1 2024 $24.2M -$17.7M $-0.98
Q3 2023 $20.4M -$17.8M $-0.86

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Spire Global, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$26.2M
Cash generated from operations
Capital Expenditures
$8.0M
Investment in assets
Dividends
None
No dividend program

SPIR SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Spire Global, Inc. (CIK: 0001816017)

📋 Recent SEC Filings

Date Form Document Action
May 29, 2026 8-K spir-20260529.htm View →
May 28, 2026 8-K spir-20260527.htm View →
May 22, 2026 4 xslF345X06/ownership.xml View →
May 22, 2026 4 xslF345X06/ownership.xml View →
May 22, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about SPIR

What is the AI rating for SPIR?

Spire Global, Inc. (SPIR) has an AI grade of D with 98% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SPIR's key strengths?

Claude: Gross margin of 39.8% indicates underlying business fundamentals retain some value. $16.0M cash on hand provides near-term runway for operations.

What are the risks of investing in SPIR?

Claude: Critical liquidity crisis: current ratio of 0.94x indicates insufficient current assets to cover liabilities. Severe cash burn of -$34.2M free cash flow against $16M cash balance provides less than 6 months runway.

What is SPIR's revenue and growth?

Spire Global, Inc. reported revenue of $15.8M.

Does SPIR pay dividends?

Spire Global, Inc. does not currently pay dividends.

Where can I find SPIR SEC filings?

Official SEC filings for Spire Global, Inc. (CIK: 0001816017) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SPIR's EPS?

Spire Global, Inc. has a diluted EPS of $-0.78.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SPIR's fundamental grade?

Based on our AI fundamental analysis in May 2026, Spire Global, Inc. has a D grade with 98% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SPIR stock overvalued or undervalued?

Valuation metrics for SPIR: ROE of -28.3% (sector avg: 15%), net margin of -163.2% (sector avg: 14%). Compare these metrics with sector averages to assess valuation.

What is SPIR's AI grade for 2026?

Our dual AI analysis gives Spire Global, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SPIR's free cash flow?

Spire Global, Inc.'s operating cash flow is $-26.2M, with capital expenditures of $8.0M. FCF margin is -215.9%.

How does SPIR compare to other Telecom stocks?

Vs Telecom sector averages: Net margin -163.2% (avg: 14%), ROE -28.3% (avg: 15%), current ratio 0.94 (avg: 1).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 15, 2026 | Data as of: 2026-03-31 | Powered by Claude AI