Spire Global Revenue Rises 42% to $18.0 Million in Third Quarter

What happened

Spire Global reported third-quarter 2026 revenue of $18.0 million, up 42% from a year earlier, alongside a net loss of $20.3 million. Its adjusted EBITDA loss narrowed to $8.6 million, and cash used in operating activities fell to $5.0 million. The company also announced major NOAA awards and its first satellites built at its Boulder facility.

Confirmed

Global impact / market context

Revenue growth and a smaller adjusted EBITDA loss suggest improving operating performance, while the net loss shows the company remains unprofitable. Lower cash use can slow the draw on available funds, but the quarter’s results alone do not establish that this improvement will continue.

Analyst inference

Spire’s outlook points to higher expected revenue in 2027 than its 2026 forecast, but it still expects an adjusted EBITDA loss in 2026. NOAA’s two-year data-delivery task order could support future revenue; optional surge purchases are not guaranteed sales.

Analyst inference

What to watch

1. Track whether upcoming quarters sustain revenue growth and narrow the adjusted EBITDA loss; together, those trends would indicate whether operations are moving toward covering costs. Analyst inference
2. Watch for NOAA to exercise optional surge purchases under the two-year task order, since those orders would add data-delivery work beyond the base award. Proposed
3. Compare reported results with Spire’s 2026 revenue forecast of $75 million to $80 million and adjusted EBITDA loss forecast of $32.4 million to $27.4 million. Confirmed

Evidence

• Original source link unavailable