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Spire Global (SPIR) investor relations material
Spire Global Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed sale of Maritime business for $238.9M on April 25, 2025, eliminating all debt and resulting in a $154.3M gain, significantly improving liquidity and strengthening the balance sheet.
Net income of $119.6M for Q2 2025, compared to a net loss of $16.6M in Q2 2024, driven by the gain on sale.
Focus shifted to operational performance, financial results, and unlocking growth opportunities, including major new contracts such as an eight-figure, five-year space services deal.
Expanded leadership team, established manufacturing facilities, and introduced new analytics and intelligence products for aviation and defense markets.
Ongoing SEC investigation and recent auditor resignation present additional uncertainties.
Financial highlights
Q2 2025 revenue: $19.2M, down 24% year-over-year from $25.4M in Q2 2024, primarily due to the maritime business divestiture.
Q2 2025 gross margin: 49% (up from 43% in Q2 2024).
Q2 2025 net income: $119.6M, mainly due to $154.3M gain on sale.
Cash, cash equivalents, and marketable securities totaled $117.6M as of June 30, 2025.
Revenue guidance for Q3: $19.5M–$21.5M; full-year 2025 revenue expected between $85M and $95M.
Outlook and guidance
Management expects current liquidity to be sufficient for at least 12 months.
Anticipates continued revenue momentum in the second half, driven by new satellite deployments, contract execution, and new product launches.
Expects step-up in revenue from NOAA RO weather data starting late September.
Targeting 20%+ revenue growth for 2026, excluding Maritime business.
Focused on managing cash and aiming for positive operating cash flow in late 2024 or early 2025, though operating losses and negative cash flows are expected in the near term.
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