What is Spire Global's contract assets?

Spire Global (SPIR) reported contract assets of $1.93M in Q1 2026.

How has Spire Global's contract assets changed year-over-year?

Spire Global's contract assets decreased by 13.1% year-over-year, from $2.22M to $1.93M.

What is the long-term trend for Spire Global's contract assets?

Over 5 years (2020 to 2025), Spire Global's contract assets has grown at a 15.8% compound annual growth rate (CAGR), from $853K to $1.78M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Spire Global SPIR Contract Assets

Contract Assets at other companies

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$24.17M-25.5%

RedwireRDW

$61.44M+1.1%

Voyager Technologies, Inc.VOYG

$35.8M—

Innovative Solutions & SupportISSC

$1.66M-6.4%

TIC Solutions TIC

$182.73M—

Northrop GrummanNOC

——

Other financials

Income statement

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Revenue$15.8M-33.7%

Gross profit$6.3M-27.6%

Operating income-$24.6M+13.1%

Net income-$25.8M-9.9%

EPS (diluted)-$0.78+11.4%

Balance sheet

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Cash & equivalents$16.0M-55.3%

Total debt$11.8M-89.6%

Total equity$91.2M+2,355%

Total assets$182.9M-12.4%

Cash flow

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Operating cash flow-$26.2M-211%

CapEx$8.0M-10.4%

Free cash flow-$34.2M-97.2%

Valuation

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Market cap$619M+100%

Enterprise value$614.72M+59.3%

P/E12.2×—

P/S9.8×+6.6×

Profitability

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Gross margin42.1%+2.6pp

Operating margin-145.3%+322pp

Net margin35.7%+23.4pp

FCF margin-172.3%—

Returns & leverage

See full

Return on equity33.7%+18.3pp

Debt / equity0.1×-30.3×

Current ratio0.9×+0.3×

Where this comes from

Reported directly by Spire Global in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Spire Global’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Spire Global's contract assets?: Spire Global (SPIR) reported contract assets of $1.93M in Q1 2026.
How has Spire Global's contract assets changed year-over-year?: Spire Global's contract assets decreased by 13.1% year-over-year, from $2.22M to $1.93M.
What is the long-term trend for Spire Global's contract assets?: Over 5 years (2020 to 2025), Spire Global's contract assets has grown at a 15.8% compound annual growth rate (CAGR), from $853K to $1.78M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.