Spire Global Reports Q2 2026 Results: Revenue Up Sequentially, Reaffirms Full-Year Guidance
SPIR sits 94% above its 52-week low of $6.6.
Summary
Spire Global reported Q2 2026 financial results, showing sequential improvements in key metrics and reaffirming full-year revenue guidance, alongside new strategic partnerships and technological milestones.
Key Events · Earnings and Guidance · SPIR
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Q2 2026 Financial Performance
Reported Q2 2026 GAAP revenue of $18.0 million (down 6% YoY, but up 16% YoY excluding the maritime business and 14% sequentially). Net loss was $20.0 million, but Adjusted EBITDA improved 16% year-over-year to ($8.6) million, and cash flow used in operations improved 32% year-over-year to $23.4 million.
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Reaffirmed Full-Year Guidance
Reaffirmed full-year 2026 revenue guidance of $75.0M - $85.0M, with revenue excluding maritime expected to grow 42%-61% year-over-year. Adjusted EBITDA guidance is set at ($26.0)M - ($20.7)M.
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Strategic Partnerships and Customer Wins
Announced strategic partnerships with Schaeffler and Diehl Defence, strengthening its position in the European space ecosystem. Also signed four new international RFGL customers.
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Technological Milestones
Successfully established a cross-plane laser connection between two Optical Inter-Satellite Link (O-ISL) equipped satellites, maintaining a stable connection for over 5 minutes across 5,000 kilometers.
Analysis · SPIR · Technology
Spire Global's Q2 2026 results show sequential improvements in revenue (excluding the divested maritime business), Adjusted EBITDA, and cash flow from operations, which is a positive signal following a challenging Q1. The company also reaffirmed its full-year revenue guidance, projecting strong growth excluding maritime, and highlighted strategic partnerships and technological advancements. This indicates a stabilizing financial trajectory and continued execution on strategic initiatives.
At the time of this filing, SPIR was trading at $12.80 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 filing was assessed with neutral market sentiment and an importance score of 7 out of 10.