Spire Global, Inc. (NYSE: SPIR) opened Wednesday trading lower. The company, a global provider of satellite data, analytics and intelligence, announced results for its quarter and year ended December 31, 2025.
Fourth-quarter 2025 GAAP revenue was $15.8 million, reflecting a 27% year-over-year decrease primarily associated with selling the maritime business at the end of April 2025. Excluding
the maritime business, revenue increased 44% on a year-over-year basis.
On a sequential basis, according to this morning’s news release, GAAP revenue increased 25% for the fourth quarter, and revenue excluding the maritime business increased 36%. Fourth-quarter increases on a sequential basis were primarily driven by higher radio occultation and ocean winds data sales under National Oceanic and Atmospheric Administration (NOAA) awards, along with increased revenue recognition from space services.
For the full year 2025, total revenue was $71.6 million. The fourth quarter and full year 2025 revenue results met the mid-point of Spire’s financial outlook for those time periods.
“In the fourth quarter, Spire delivered both year-over-year and sequential top-line growth, reinforcing our optimistic outlook for the coming years,” said CEO Theresa Condor.
“This performance is rooted in a global reality: space is now recognized as critical infrastructure for national security. At Spire, we bring a level of operational experience that few can match in a market that favors companies capable of delivering the security and safety capabilities needed today.”
SPIR shares entered Wednesday trading slumping 39 cents, or 3.6%, to $10.52.
Related Stories
