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SPIR · Spire Global, Inc.

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$13.95 +0.01 (+0.07%) At close · Aug 14
Market Cap
$566.68M
Shares
40.62M
All earnings calls

Earnings call · FY2026 Q2

Second Quarter 2026 Results Conference Call

Second Quarter 2026 Results Conference Call

Concluded Aug 12, 2026 Audio replay
Aug 12, 2026 6:53 10 turns
Period
FY2026 Q2
Runtime
6:53
Sources
5 artifacts

Executive readout · one minute

What matters this quarter

Spire's Q2 2026 revenue fell 6% YoY to $18.0 million (up 16% excluding the maritime business divested in April 2025), with GAAP gross margin down 16 percentage points to 34% after the WildFireSat contract cancellation, while the company reaffirmed full-year revenue guidance and pointed to sequential improvement in adjusted EBITDA and operating cash flow.

Constellation deployment and management 7 RF Geolocation (RFGL) capacity growth 7 German partnership and revenue opportunity 6 R&D and technology demonstrations 6 Mission prioritization and inclinations 4 Customer demand and pricing 3

Management tone

Positive

Net tone +25 · moderate hedging

Grounding quotes
  • “these are still in the R&D and the testing phase. We've been developing this and working on it for quite some years.”
  • “It's something we're tracking closely.”
  • “in some cases it's going to take a bit longer and and i think there are other cases where it could actually lead to some revenue in 2026.”
  • “whether we make that available to other parties is something that is under consideration.”

Research coverage

5 live sources

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Revenue $18.05M -5.9% YoY
Diluted EPS -$0.52 -114% YoY
Gross margin 34.1% -14.8 pp YoY
Net income -$19.97M -116.7% YoY

Research materials

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Key takeaways

What improved, and what deserves a closer read.

Constructive signals

  • Revenue rose 16% YoY excluding the maritime business and improved 19% sequentially, driven by space services data and RFGL purchases.
  • RFGL capacity is up roughly 10x year-to-date, expanding Spire's data offerings for customers.
  • Adjusted EBITDA improved 16% YoY to ($8.6) million and 15% sequentially on lower operating expenses.
  • Spire announced strategic partnerships with Schaeffler and Diehl Defence, with potential 2026 revenue contribution.

Risks & pressure points

  • GAAP revenue declined 6% YoY to $18.0 million, reflecting the April 2025 sale of the maritime business.
  • GAAP gross margin fell 16 percentage points YoY to 34% and non-GAAP gross margin fell 14 points to 38% after the WildFireSat contract cancellation.
  • Net loss of $20.0 million in Q2 2026 versus prior-year net income of $119.6 million.

Key moments

Jump directly to management's words in the synchronized transcript.

Quarter detail

How the reported period landed and where the business moved.

Revenue · products & services

Subscription Based Contract$12.57M -13.7% YoY
Non-Subscription-Based Contracts$5.48M +18.8% YoY
Full-screen source Call document