Spire Global, Inc. (SPIR) Earnings Call Transcripts

Spire Global, Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Spire Global, Inc. reported GAAP revenue of $15.8 million, exceeding the high end of guidance, with core revenue (excluding maritime) growing 13% year-over-year. Management reaffirmed full-year revenue guidance of $75 million to $85 million, indicating over 50% growth year-over-year. Adjusted EBITDA was negative $10.2 million, also above guidance, reflecting stronger revenue and disciplined cost management. The company highlighted significant operational advancements and a robust pipeline, particularly in RFGL and NOAA contracts, which could drive future growth.

Reported metrics

Guidance from management

Spire maintained its full-year 2026 revenue guidance of $75 million to $85 million, with adjusted EBITDA expected to range from negative $26 million to negative $20.7 million. The company anticipates reaching adjusted EBITDA breakeven in Q4 2026 to Q1 2027.

What management said

Erik, good to talk to you. Yes, I think the change in the guidance is really just based on what we're seeing in the business and where we want to spend our time, which is focusing on meeting our year. We have a lot of great things that we're working on right now with -- that involve longer sales cycles and the quarterly ups and downs are more of a distraction. So I'd focus on our annual guidance, which we are reaffir...

The short answer is yes. We're delivering that data right now. I believe, in fact, we are getting paid for that data. And we expect to continue to have procurement around that data set from that satellite that is in orbit today. And I think I will add the opportunities with NOAA, we talked about some of that pipeline. We mentioned over $150 million of stuff that is in year between the various data types, RO as well a...

What analysts pressed on

Analysts expressed concerns about the timing of contracts and the potential impact of legal and professional fees on cash flow. There were questions regarding the pace of deal closures, particularly in the RFGL segment, and how the shift to annual guidance would affect visibility into performance metrics throughout the year.

Main topics on the call

• Revenue Growth and Guidance — Spire reported Q1 2026 revenue of $15.8 million, exceeding guidance, with core revenue up 13% YoY. Management maintained full-year guidance of $75 million to $85 million, indicating over 50% growth at the midpoint. "The ...
• Operational Capacity and Manufacturing — Spire has launched over 240 satellites and reserved launch capacity through 2028, which management views as a competitive advantage. The new Munich facility can produce 300 to 400 satellites, enhancing their operational ...
• RFGL Revenue Generation — Management confirmed that RFGL is generating revenue, with 5 new U.S. and 3 international orders in Q1. The demand for RFGL capabilities is increasing due to geopolitical factors, narrowing the competitive field. "RFGL i...
• NOAA Contract Opportunities — Spire is actively bidding on over $150 million of NOAA opportunities, with a focus on microwave sounding and radio occultation. The company is positioned to meet NOAA's needs with existing infrastructure. "NOAA has been ...

Read the full Spire Global, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 16 Spire Global, Inc. earnings call transcripts on record, spanning August 10, 2022 to May 13, 2026. Based on this history, Spire Global, Inc. reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SPIR

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Professional Services

Calls on record

16

First call

August 10, 2022

Most recent

May 13, 2026

Reporting cadence

quarterly