Spire Global Reports Q2 2026 Earnings with Core Revenue Growth Amid Contract Cancellations
Spire Global (SPIR) reported second-quarter results for fiscal year 2026, showing a GAAP revenue of $18.0 million—a 6% decline from the prior-year period due to the divestiture of its maritime business in April 2025. However, core revenue grew by 16% year-over-year and increased sequentially by 19%, driven primarily by higher space services data delivery. The company reaffirmed full-year revenue guidance between $75 million and $85 million at the midpoint of which implies a 50% growth in core revenue. Adjusted EBITDA was negative $8.6 million, an improvement from last year due to lower operating expenses. Spire also reported strong contracted revenue coverage—over 85% as of July 31—and maintained a debt-free balance sheet with cash and marketable securities totaling $91.7 million.
Tickers: $SPIR
Topics: contract_negotiations guidance revenue satellite_deployment