Spire Global Inc (NYSE: SPIR) is a space-based data and analytics company that collects data from a custom constellation of satellites in low Earth orbit and delivers it to commercial and government customers. Revenue comes primarily from subscription and contract-based sales of satellite-derived data and analytics, with approximately one-third of sales denominated in foreign currencies as of FY2025. Spire manufactures its satellites in-house at a single facility in the United Kingdom. The company completed the sale of its maritime business to Kpler Holding SA on April 25, 2025 for approximately $238.9 million, narrowing its focus to weather, space services, and related data products. Government customers include NOAA, the European Organisation for the Exploitation of Meteorological Satellites, and the U.S. Missile Defense Agency. The company reported net income of $51.3 million for FY2025, driven largely by the $154.3 million gain on the maritime business sale, against a net loss of $103.4 million in FY2024.

Revenue model

Subscription and multi-year contract sales of satellite-derived data and analytics to government agencies and commercial customers. Contracts include fixed-term data delivery agreements, such as an $11.2 million one-year NOAA contract and a €3 million renewal from EUMETSAT (both cited in the 10-K filed 2026-03-19). Roughly one-third of sales are denominated in foreign currencies (FY2025).

Products and services

Satellite-derived data and analytics products spanning weather data (including global navigation satellite system radio occultation data), space services, and on-orbit capabilities. Satellites are designed and manufactured in-house. Following the April 25, 2025 sale of the maritime business, the product portfolio no longer includes maritime data offerings.

Customers and end markets

Government agencies including NOAA, the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT), and the U.S. Missile Defense Agency. Commercial customers include Deloitte for on-orbit cyber and data operations. End markets include meteorology, defense, and space services. A Space Services customer also has an outstanding note receivable as of the FY2025 filing.

Value-chain role

Vertically integrated satellite operator: designs, manufactures, launches, and operates its own satellite constellation, then packages and sells the resulting data and analytics directly to end customers. Satellite manufacturing occurs at a single facility in the United Kingdom with no backup manufacturing site.

Geographic exposure

Global operations with foreign subsidiaries operating in currencies including the Euro, British Pound, Singapore Dollar, and Canadian Dollar. Reporting currency is the U.S. Dollar. Approximately one-third of sales denominated in foreign currencies (FY2025). Manufacturing concentrated in the United Kingdom.

Source: SEC 10-K, filed 2026-03-19

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