Spire Global SPIR Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 42.1%+2.6pp | 40.8%+4.7pp | 38.4%-21.0pp | 40.5%-19.3pp | 39.6%-20.4pp | |
| Operating margin | -145.3%-59.3pp | -134.1%-71.4pp | -134.5%-106pp | -103.7%-72.8pp | -86%-55.3pp | |
| EBITDA margin | -127.9%-61.3pp | -116.8%-73.8pp | -115.3%-99.8pp | -86.4%-68.5pp | -66.6%-47.8pp | |
| Free cash flow margin | -172.3%— | -129.4%— | -130.2%— | —— | —— | |
| Returns | ||||||
| Return on invested capital | -110.1%-29.4pp | -105.5%-42.4pp | -81.9%-43.5pp | -69.4%-33.4pp | -80.7%-43.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.3×-0.1× | 0.4×-0.2× | 0.3×-0.4× | 0.4×-0.3× | 0.4×-0.3× | |
| Liquidity | ||||||
| Current ratio | 0.9×+0.3× | 1.3×+0.7× | 1.9×+1.5× | 2.4×+1.9× | 0.7×-1.6× | |
| Quick ratio | 0.9×+0.3× | 1.3×+0.7× | 1.9×+1.5× | 2.4×+1.9× | 0.7×-1.6× | |
| Cash ratio | 0.2×0.0× | 0.3×+0.2× | 0.3×+0.1× | 0.7×+0.5× | 0.2×-1.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×-30.3× | 0.1×— | 0.1×-3.5× | 0.1×-2.9× | 30.4×+27.9× | |
| Debt-to-assets | 0.1×-0.5× | 0.1×-0.5× | 0.1×-0.4× | 0.1×-0.5× | 0.5×+0.1× | |
| Interest coverage | -54.7×-50.6× | -12.9×-9.5× | -7.9×-5.3× | -5.4×-2.6× | -4.1×-1.3× | |
| Per Share | ||||||
| Book value per share | $2.74+1,876% | $3.53+831% | $4.10+231% | $4.65+182% | $0.14-94.2% | |
| Valuation | ||||||
| Market capitalization | $619M+100% | $248.25M-27.4% | $341.53M+40.6% | $308.28M+16.9% | $247.38M-15.2% | |
| Enterprise value | $614.72M+59.3% | $236.84M-45.5% | $333.75M+2.7% | $285.66M-20.9% | $324.42M-12.5% | |
| Price / sales | 9.8×+6.6× | 3.5×+0.4× | 4.4×+3.1× | 3.3×+1.8× | 2.5×+0.8× | |
| Price / book | 6.8×-76.4× | 2.2×— | 2.6×-5.3× | 2.1×-4.5× | 66.6×+61.0× | |
| EV / sales | 9.7×+5.8× | 3.3×-0.6× | 4.3×+2.5× | 3.1×+1.0× | 3.3×+1.2× | |
| Free cash flow yield | -17.7%— | -37.3%— | -29.5%— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Spire Global's profit margins?
- Spire Global (SPIR) runs a 42.1% gross margin and a -145.3% operating margin, with a 35.7% net margin.
- Where do Spire Global's ratios come from?
- Every ratio is computed from Spire Global's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
