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Spire Global SPIR Operating margin

Operating margin at other companies

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-54.7%+31.4pp
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-31.9%-6.1pp
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-136.4%-52.5pp
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GlobalstarGSAT
8.6%+7.3pp
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-75.9%+292pp

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
Net margin35.7%+23.4pp
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.

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 operating margin?
Spire Global (SPIR) reported operating margin of -145.3% in Q1 2026.
How has Spire Global's operating margin changed year-over-year?
Spire Global's operating margin decreased by 68.9% year-over-year, from -86% to -145.3%.
What is the long-term trend for Spire Global's operating margin?
Over 4 years (2021 to 2025), Spire Global's operating margin has grown at a -3.8% compound annual growth rate (CAGR), from -156.4% to -134.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.