Spire Global Q2 FY26 net loss widens to $20 million; revenue drops 6% to $18 million year over year - SPIR News | RalliesSpire Global Q2 FY26 net loss widens to $20 million; revenue drops 6% to $18 million year over year
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SPIR• Full-year outlook
- Full-year revenue guidance was reaffirmed at $75 million to $85 million, including $3.4 million in maritime revenue.
- The CEO cited shifting demand for scaled commercial space capabilities.
Second-quarter results
- Spire Global posted second-quarter revenue of $18 million, down 6% year over year; net loss widened to $20 million.
- Adjusted EBITDA loss narrowed 16% year over year to $8.6 million; gross margin dropped 16 percentage points to 34%.
- Cash flow used in operations improved 32% year over year to $23.4 million; cash and marketable securities totaled $91.7 million.
Business updates and partnerships
- Strategic partnerships were signed with Schaeffler and .
Diehl Defence
Four new international RFGL customers were added during the quarter.
