What is Spire Global's net margin?

Spire Global (SPIR) reported net margin of 35.7% in Q3 2025.

How has Spire Global's net margin changed year-over-year?

Spire Global's net margin increased by 190.4% year-over-year, from -39.5% to 35.7%.

What is the long-term trend for Spire Global's net margin?

Over 2 years (2022 to 2024), Spire Global's net margin has grown at a -18.2% compound annual growth rate (CAGR), from -139.9% to -93.6%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Spire Global SPIR Net margin

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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

FCF margin-172.3%—

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.

net income/total revenue=35.7%

Based on trailing twelve months.

The official record: Spire Global’s 10-Q, filed December 17, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Spire Global's net margin?: Spire Global (SPIR) reported net margin of 35.7% in Q3 2025.
How has Spire Global's net margin changed year-over-year?: Spire Global's net margin increased by 190.4% year-over-year, from -39.5% to 35.7%.
What is the long-term trend for Spire Global's net margin?: Over 2 years (2022 to 2024), Spire Global's net margin has grown at a -18.2% compound annual growth rate (CAGR), from -139.9% to -93.6%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.