A Business at a Glance
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Spire Global, Inc. (“Spire” or the “Company”), founded in August 2012, is a global provider of space-based data and analytics that offers its customers unique datasets and insights about Earth from the ultimate vantage point. The Company collects this space-based data through its proprietary constellation of multi-purpose nanosatellites. The Company designs, manufacturers, integrates, and operates its own satellites and ground stations to deliver unique end-to-end comprehensive solutions. The Company offers the following three data solutions to customers: Maritime, Aviation, and Weather and Climate. As a fourth solution, the Company is providing “space-as-a-service” through its Space Services solution. The Company is headquartered in Vienna, Virginia and has several wholly owned operating subsidiaries in the United States, United Kingdom, Luxembourg, Singapore, Australia, Germany, and Canada. On August 16, 2021, Spire Global Subsidiary, Inc. (formerly known as Spire Global, Inc.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 77M | 110M | 98M | 71M | 43M | 28M |
| Net Income | 28M | -103M | -78M | -99M | -38M | -33M |
| EPS | $0.35 | $-4.26 | $-3.96 | $-5.66 | $-4.88 | $-14.80 |
| Free Cash Flow | -101M | -45M | -54M | -67M | -73M | -25M |
| ROIC | -267.1% | -80.3% | -51.1% | -52.2% | -15.8% | -46.3% |
| Gross Margin | 38.5% | 36.1% | 39.5% | 24.2% | 56.8% | 63.9% |
| Debt/Equity | 0.00 | -0.40 | 3.02 | 1.08 | 0.27 | -0.55 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -104M | -69M | -59M | -79M | -68M | -26M |
| Operating Margin | -133.8% | -62.2% | -60.2% | -111.5% | -156.4% | -91.3% |
| ROE | 21.2% | -788.0% | -205.3% | -108.6% | -20.0% | - |
| Shares Outstanding | 33M | 24M | 20M | 17M | 8M | 19M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 28M | 43M | 71M | 98M | 110M | 77M |
| Gross Margin | 63.9% | 56.8% | 24.2% | 39.5% | 36.1% | 38.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -26M | -68M | -79M | -59M | -69M | -104M |
| Op. Margin | -91.3% | -156.4% | -111.5% | -60.2% | -62.2% | -133.8% |
| Net Income | -33M | -38M | -99M | -78M | -103M | 28M |
| Net Margin | -114.1% | -87.8% | -139.9% | -79.5% | -93.1% | 36.4% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | -46.3% | -15.8% | -52.2% | -51.1% | -80.3% | N/M |
| ROE | N/A | -20.0% | -108.6% | -205.3% | -788.0% | 21.2% |
| ROA | -73.2% | -13.1% | -38.7% | -32.4% | -47.5% | 12.6% |
| Cash Flow | ||||||
| Op. Cash Flow | -15M | -58M | -46M | -36M | -18M | -75M |
| Free Cash Flow | -25M | -73M | -67M | -54M | -45M | -101M |
| Owner Earnings | -22M | -78M | -76M | -68M | -60M | -116M |
| CapEx | 10M | 15M | 21M | 17M | 27M | 26M |
| Maint. CapEx | 5.5M | 8.5M | 18M | 18M | 22M | 22M |
| Growth CapEx | 4.8M | 6.9M | 2.7M | 0 | 4.9M | 4.3M |
| D&A | 5.5M | 8.5M | 18M | 18M | 22M | 22M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.2M | 12M | 11M | 13M | 19M | 19M |
| Debt Repayment | 14M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | 11M | -58M | 28M | 73M | 79M | -97M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 97M |
| Long-Term Debt | 27M | 51M | 98M | 114M | 4.6M | 4.6M |
| Debt/Equity | -0.55 | 0.27 | 1.08 | 3.02 | -0.40 | 0.00 |
| Interest Coverage | -3.8 | -5.9 | -5.7 | -3.1 | -3.4 | -3.4 |
| Equity | -49M | 190M | 91M | 38M | -12M | 133M |
| Total Assets | 44M | 290M | 256M | 239M | 194M | 224M |
| Total Liabilities | 93M | 100M | 165M | 201M | 205M | 91M |
| Intangibles | N/A | 54M | 50M | 51M | 15M | 15M |
| Retained Earnings | -211M | -249M | -358M | -435M | -538M | -538M |
| Working Capital | 9.0M | 107M | 56M | 23M | -59M | -59M |
| Current Assets | 22M | 132M | 94M | 72M | 92M | 92M |
| Current Liabilities | 13M | 25M | 38M | 49M | 152M | 152M |
| Per Share Data | ||||||
| EPS | -14.80 | -4.88 | -5.66 | -3.96 | -4.26 | 0.35 |
| Owner EPS | -1.19 | -10.01 | -4.32 | -3.45 | -2.47 | -3.50 |
| Book Value | -2.57 | 24.37 | 5.21 | 1.93 | -0.48 | 4.02 |
| Cash Flow/Share | -0.78 | -7.43 | -2.61 | -1.85 | -0.76 | 1.51 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 18.9M | 7.8M | 17.5M | 19.6M | 24.1M | 33.1M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | 59.3 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 1.2 | 1.4 | 4.2 | N/A | 5.2 |
| Price/Sales | 52.3 | 13.0 | 3.3 | 1.2 | 2.3 | 8.9 |
| FCF Yield | -1.6% | -31.3% | -52.2% | -34.2% | -12.9% | -14.7% |
| Market Cap | 1.5B | 235M | 128M | 157M | 350M | 686M |
| Avg. Price | 78.73 | 72.24 | 13.49 | 5.91 | 10.70 | 20.74 |
| Year-End Price | 81.60 | 30.08 | 7.30 | 8.02 | 14.51 | 20.74 |
Spire Global, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Spire Global, Inc. trades at 59.3x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average gross margin is 44.1%.
Spire Global, Inc. (SPIR) has a current P/E ratio of 59.3, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
Spire Global, Inc. (SPIR) has a 5-year average return on invested capital (ROIC) of -49.1%. This is below average and may indicate limited pricing power.
Spire Global, Inc. (SPIR) has a market capitalization of $686M. It is classified as a small-cap stock.
Spire Global, Inc. (SPIR) does not currently pay a regular dividend.
Based on historical P/E analysis, Spire Global, Inc. (SPIR) appears expensive. The current P/E of 59.3 is 295% above its historical median of 15.0.
Spire Global, Inc. (SPIR) operates in the Communications Services, Nec industry, within the Communication Services sector.
Spire Global, Inc. (SPIR) reported annual revenue of $110 million in its most recent fiscal year, based on SEC EDGAR filings.
Spire Global, Inc. (SPIR) has a net profit margin of -93.1%. The company is currently unprofitable.
Spire Global, Inc. (SPIR) generated $-45 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Spire Global, Inc. (SPIR) reported earnings per share (EPS) of $-4.26 in its most recent fiscal year.
Spire Global, Inc. (SPIR) has a return on equity (ROE) of -788.0%. A negative ROE may indicate losses or negative equity.
Spire Global, Inc. (SPIR) has a 5-year average gross margin of 44.1%. This indicates decent pricing power.
The Ledger Terminal provides 5 years of financial data for Spire Global, Inc. (SPIR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Spire Global, Inc. (SPIR) has a book value per share of $-0.48, based on its most recent annual SEC filing.