Spire Global Reports Q3 2026 Revenue Growth Driven by Space Services and Weather Data
Spire Global (SPIR) reported strong third-quarter results for 2026, with total revenue reaching $18.0 million, a 42% increase year-over-year. This growth was primarily fueled by increased demand in space services data delivery and weather data sales. When excluding its divested maritime business, core revenue surged by 77% compared to the previous year. The company is transitioning into an execution phase following significant multiyear contract wins, including a $33.2 million NOAA task order. While management slightly lowered the upper end of its FY 2026 revenue guidance due to updated award timing and potential deal shifts, they provided optimistic preliminary revenue guidance for 2027, projecting growth to between $96 million and $106 million.
Topics: EBITDA Financial Guidance Government Contracts Revenue Growth