Spire Global Q2 Revenue Falls 6% but Ex-Maritime Grows 16%; Guidance Reaffirmed
SPIR has more than doubled off its 52-week low of $6.6.
Summary
Spire Global reported Q2 2026 GAAP revenue of $18.0M, down 6% year-over-year due to the April 2025 maritime divestiture, but up 16% excluding maritime and 19% sequentially. Gross margin fell sharply—GAAP down 16 points to 34%—largely from the WildFireSat contract cancellation. Net loss was $20.0M versus a prior-year profit inflated by a $154.3M gain on sale. Adjusted EBITDA improved 16% to ($8.6M), and operating cash burn improved 32% to $23.4M. The company reaffirmed full-year revenue guidance and highlighted four new RFGL customers, 10 satellites launched in July, and a first cross-plane laser link. This follows the $12.4M arbitration win and recent executive changes; the reaffirmed guidance and improving cash burn are the key positives, while the margin compression and ongoing losses remain concerns. Watch for the earnings call at 5:00 p.m. ET today for guidance details and commentary on the WildFireSat impact.
At the time of this announcement, SPIR was trading at $13.40 on NYSE in the Technology sector, with a market capitalization of approximately $592.8M. The 52-week trading range was $6.60 to $25.93. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: BusinessWire.