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Spire Global SPIR Return on invested capital

Return on invested capital at other companies

BlackSky Technology logo
BlackSky TechnologyBKSY
-23.2%-1.2pp
Planet Labs logo
Planet LabsPL
-55.4%+517pp
Globalstar logo
GlobalstarGSAT
4.2%+3.7pp
Redwire logo
RedwireRDW
-53.1%-24.5pp
Northrop Grumman logo
Northrop GrummanNOC
13.2%+2.3pp
Gogo logo
GogoGOGO
12%

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

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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 return on invested capital?
Spire Global (SPIR) reported return on invested capital of -110.1% in Q1 2026.
How has Spire Global's return on invested capital changed year-over-year?
Spire Global's return on invested capital decreased by 36.4% year-over-year, from -80.7% to -110.1%.
What is the long-term trend for Spire Global's return on invested capital?
Over 3 years (2022 to 2025), Spire Global's return on invested capital has grown at a 26.1% compound annual growth rate (CAGR), from -52.5% to -105.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.