Spire Global, Inc. — Form 8-K
Filed August 12, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
Spire Global reported Q2 2026 revenue of $18.0M, down 6% year-over-year due to maritime business divestiture (sold April 2025). Excluding maritime, revenue grew 16% YoY and 19% sequentially. Net loss was $20.0M vs. prior-year net income of $119.6M (which included $154.3M gain on maritime sale). Adjusted EBITDA improved to ($8.6M) from ($10.2M) YoY. Company reaffirmed full-year 2026 guidance: revenue $75–85M (excluding maritime: $71.6–81.6M, representing 42–61% growth), adjusted EBITDA ($26.0M) to ($20.7M). Cash position: $91.7M; debt-free. Strategic partnerships announced with Schaeffler and Diehl Defence.
Why this rating
Q2 results near guidance; YoY decline entirely attributable to planned maritime divestiture. Core business growing 16% (excluding maritime). Maintained strong liquidity ($91.7M vs $383.6M market cap ~24%) and debt-free status. Margins pressured by WildFireSat contract cancellation but operational cash usage improving. No material deviation from expectations; ordinary post-divestiture reporting.
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