What is Spire Global's free cash flow margin?

Spire Global (SPIR) reported free cash flow margin of -172.3% in Q1 2026.

What is the long-term trend for Spire Global's free cash flow margin?

Over 3 years (2021 to 2025), Spire Global's free cash flow margin has grown at a -8.6% compound annual growth rate (CAGR), from -169.2% to -129.4%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

Spire Global SPIR Free cash flow margin

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14.2%+9.4pp

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-161.6%-47.1pp

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211.7%+32.4pp

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-41.9%—

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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

Returns & leverage

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Return on equity33.7%+18.3pp

Debt / equity0.1×-30.3×

Current ratio0.9×+0.3×

Where this comes from

Calculated from Spire Global’s reported figures.

free cash flow/total revenue=-172.3%

Based on trailing twelve months.

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 free cash flow margin?: Spire Global (SPIR) reported free cash flow margin of -172.3% in Q1 2026.
What is the long-term trend for Spire Global's free cash flow margin?: Over 3 years (2021 to 2025), Spire Global's free cash flow margin has grown at a -8.6% compound annual growth rate (CAGR), from -169.2% to -129.4%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.