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Spire Global SPIR Q2 2024 earnings

Reported March 3, 2025 · After market close

Next report

Aug 12, 2026 (in a month)
Revenue estimate$18.5M
EPS estimate-$0.29

Financials

Q2 2024

Income statement

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Revenue$25.4M-9.5%
Gross profit$10.9M-14.9%
Operating income-$12.4M+3.2%
Net income-$16.6M+9.9%
EPS (diluted)-$0.68+31.3%

Balance sheet

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Cash & equivalents$23.5M-45.5%
Total debt$121.1M-10.4%
Total equity$40.3M-43.5%
Total assets$230.8M-14.0%

Cash flow

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Operating cash flow-$4.4M+74.7%
CapEx$5.5M+176%
Free cash flow-$9.9M+48.7%

Valuation & ratios

Valuation

as of 06/30/24
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Market cap$263.6M+250%
Enterprise value$361.15M+116%
P/S1.5×+0.6×

Profitability

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Gross margin59.8%
Operating margin-30.9%-11.8pp
Net margin-47.1%-16.2pp
FCF margin-25.2%-9.7pp

Returns & leverage

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Return on equity-147.9%+1,213pp
Debt / equity+1.1×
Current ratio0.5×-1.9×

Segments

By geography

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Americas$13.9M-16.2%
EMEA$9.4M+12.7%
Other Region Of EMEA$6.6M
Asia Pacific$2.1M-33.5%
Other Region Of Asia Pacific$2.0M

By product

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Subscription Based Contract$19.7M-2.7%
Non Subscription Based Contracts$5.7M-27.2%

Versus estimates

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Questions, answered.

When did Spire Global report Q2 2024 earnings?
Spire Global (SPIR) reported Q2 2024 earnings on March 3, 2025 after market close.
What were Spire Global's Q2 2024 revenue and EPS?
Spire Global reported revenue of $25.4M and diluted EPS of $-0.68 for Q2 2024.