Spire Global Q3 revenue rises 42% on increased Space Services data delivery
SPIR•Spire Global’s third-quarter revenue rose 42% year over year to $18 million, below analysts’ $20.55 million estimate. Its adjusted EBITDA loss narrowed 27%, and the company forecast 2026 revenue of $75 million to $80 million and preliminary 2027 revenue of $96 million to $106 million.
1. Revenue growth and outlook
Spire Global said revenue growth was primarily driven by increased Space Services data delivery and additional Weather and Climate data sales, especially Hyperspectral Microwave Sensor sounding data. The company reported a third-quarter net loss of $20.25 million and gross profit of $8.30 million.
2. Contracts and forecasts
Spire highlighted multi-year NOAA contracts for GNSS-RO data and hyperspectral microwave sounding technology. It expects 2026 adjusted EBITDA of negative $32.4 million to negative $27.4 million and gave a preliminary 2027 revenue outlook of $96 million to $106 million.
