SPIR
IndustrialsSpire Global, Inc. · Specialty Business Services · $710M
What is Spire Global, Inc.?
Spire Global is a small-cap data and analytics company that tracks the oceans, skies, and weather using a constellation of nanosatellites. It serves customers across maritime, aviation, weather forecasting, and government sectors.
Spire operates a network of low-Earth-orbit nanosatellites that collect data on ship movements, aircraft positions, and atmospheric conditions. That raw data is processed through an intelligent analytics platform and delivered to customers as actionable intelligence. Revenue comes from subscription-based data services, space-as-a-service offerings for third parties, and contracts with federal and government agencies. The company also maintains a strategic partnership with TAC Index Limited to expand its data products.
Spire Global was incorporated in 2012 — originally under the name Nanosatisfi, Inc. — and is headquartered in San Francisco, California.
- Maritime tracking and ocean intelligence data services
- Weather analytics and atmospheric data feeds
- Aviation surveillance and flight tracking data
- Space services platform for satellite hosting and payloads
- Earth intelligence solutions for government and commercial clients
Is SPIR a Good Stock to Buy?
UQS Score rates SPIR as Poor overall, reflecting broad weakness across most of the five evaluation pillars.
Among the five pillars, Growth is the relative standout — rated Neutral — suggesting the business is expanding its revenue base even if profitability has not followed. This is consistent with an early-stage data platform still scaling its satellite constellation and customer base.
Quality, Moat, and Risk all carry Weak ratings, pointing to concerns around financial durability, competitive differentiation, and balance-sheet stability. Valuation is rated Elevated, meaning the market is pricing in significant future execution that has yet to materialize.
Pro members can view the full pillar breakdown and underlying financial metrics to understand exactly where SPIR stands relative to sector peers. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does SPIR pay dividends?
No — Spire Global, Inc. does not currently pay a dividend.
Spire Global does not currently pay a dividend. For a company at this stage of growth, capital is typically directed toward expanding the satellite constellation, developing new data products, and funding operations. Income-focused investors should be aware that no cash distributions are expected in the near term.
When does SPIR report earnings?
Spire Global reports earnings on a quarterly cadence, as is standard for US-listed equities.
Spire has been working to grow its recurring revenue base while managing the costs of operating and expanding a satellite network. Progress toward profitability remains a key focus for investors watching the company's trajectory.
For the most recent quarter's results and management commentary, visit Spire Global's investor relations page directly.
SPIR Price History
-76.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Spire Global, Inc.?
Based on Spire Global, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
SPIR Long-term Outlook
The UQS Growth pillar for SPIR is rated Neutral, suggesting the company is generating some forward momentum but has not yet demonstrated the consistent expansion that would lift its overall score. The Weak Risk rating introduces meaningful uncertainty around whether current growth rates can be sustained without additional capital raises or dilution. With Valuation rated Elevated, the stock already reflects optimistic assumptions, leaving limited room for execution shortfalls.
Growth drivers
- Expanding commercial demand for real-time maritime and weather data
- Government and defense contracts for earth observation and space services
- Growth in space-as-a-service as third parties seek satellite hosting capacity
Key risks
- Ongoing cash burn and potential need for additional equity financing
- Intense competition from better-capitalized satellite data providers
- Elevated valuation leaves little margin of safety if growth disappoints
SPIR vs Peers
Spire Global operates in a niche corner of the Industrials sector, and its UQS profile can be viewed alongside other small-cap names in adjacent data and services markets.
Cass focuses on payment and information services for freight and utility industries, offering a more established and cash-generative business model than Spire's satellite-data platform.
Transcontinental is a Canadian packaging and media company with diversified revenue streams, contrasting with Spire's concentrated bet on space-based data infrastructure.
Dexterra provides facilities management and workforce accommodation services, representing a more asset-light services model compared to Spire's capital-intensive satellite operations.
Frequently Asked Questions
What does Spire Global do?
Spire Global operates a constellation of nanosatellites that collect data on maritime traffic, aircraft movements, and weather patterns. That data is processed through an analytics platform and sold to commercial and government customers as intelligence services. The company also offers space-as-a-service, allowing third parties to host payloads on its satellites.
Does SPIR pay dividends?
No, Spire Global does not pay a dividend. The company is in a growth and investment phase, directing available capital toward expanding its satellite network and data platform rather than returning cash to shareholders.
When does SPIR report earnings?
Spire Global follows a standard quarterly earnings cadence for US-listed companies. For the exact schedule and most recent results, check the investor relations section of Spire Global's official website.
Is SPIR a good stock to buy?
The UQS Score rates SPIR as Poor, driven by Weak ratings across Quality, Moat, and Risk pillars, alongside an Elevated Valuation. Growth is the one relatively stable pillar. Investors should weigh these factors carefully. The full pillar breakdown is available to Pro members on UQS Score.
Is SPIR overvalued?
The UQS Valuation pillar for SPIR is rated Elevated, suggesting the current market price reflects optimistic growth assumptions. Given the Weak Quality and Risk ratings, that premium carries meaningful execution risk. Pro members can see the detailed valuation metrics behind this assessment.
How does SPIR compare to its competitors?
Within the Industrials sector, Spire's satellite-data model is quite distinct from peers like Cass Information Systems or Dexterra Group, which operate in more established, cash-generative niches. Spire's UQS profile is weaker overall, reflecting the higher risk and earlier stage of its business.
What is SPIR's market cap bracket?
Spire Global is classified as a small-cap company. This places it in a segment of the market that typically carries higher volatility and liquidity risk compared to mid-cap or large-cap peers, which is consistent with its Weak Risk pillar rating.
Who founded Spire Global?
Spire Global was originally incorporated in 2012 under the name Nanosatisfi, Inc. before rebranding in 2014. Founding details are widely available through public records and the company's own history pages on its corporate website.
Is SPIR a long-term quality investment?
As a long-term quality indicator, the UQS Score rates SPIR as Poor. Sustained quality investing typically favors companies with strong moats, healthy financials, and manageable risk — areas where SPIR currently scores Weak. The Growth pillar at Neutral is the one area suggesting potential, but it has not yet translated into broader quality.
What is the main competitive advantage of Spire Global?
Spire's potential advantage lies in its proprietary satellite constellation and the breadth of data it collects — covering maritime, aviation, and weather simultaneously. However, the UQS Moat pillar is currently rated Weak, indicating this advantage has not yet translated into durable competitive differentiation relative to peers.
What sector does SPIR belong to?
Spire Global is classified under the Industrials sector. Within that broad category, it occupies a specialized niche focused on satellite-based data collection and earth intelligence services, which sets it apart from more traditional industrial businesses.
Is SPIR a growth stock or value stock?
Based on its UQS profile, SPIR leans toward growth — the Growth pillar is rated Neutral while Valuation is Elevated, meaning the market is pricing in future expansion. It does not exhibit the characteristics of a value stock, which would typically show an Attractive valuation rating.
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Pro Analysis
SPIR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 19, 2026 | 32.4 | 24.6 | 22.0 | 56.6 | 63.0 | 0.1 | +10.0 |
| May 8, 2026 | 22.4 | 0.0 | 22.0 | 56.6 | 36.9 | 0.0 | -1.0 |
| Apr 3, 2026 | 23.4 | 7.8 | 22.0 | 56.6 | 31.1 | 0.0 | +1.9 |
| Apr 2, 2026 | 21.5 | 0.0 | 22.0 | 56.6 | 31.1 | 0.0 | — |
SPIR — Pillar Breakdown
Quality
— 24.6/100 (25%)Spire Global, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 56.6/100 (20%)Spire Global, Inc. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Risk
— 63.0/100 (15%)Spire Global, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 69.0/100 (15%)Spire Global, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
Moat
— 22/100 (25%)Spire Global, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for SPIR.
Score Composition
Financial Data
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How is the SPIR UQS Score Calculated?
The UQS (Unified Quality Score) for Spire Global, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Spire Global, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Spire Global, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.