Spire Global, Inc. Q3 2026 Earnings Recap

Spire’s shares rose 6.6% after the company reported 77% year-over-year core revenue growth and sharply lower operating cash use. Investors also got substantial new contract awards and a Q4 revenue step-up outlook, though the timing of one deal remains uncertain and some TeamMate work has shifted from 2026 into 2027.

Key Takeaways

• Q3 revenue was approximately $18 million; core revenue, excluding Maritime, grew 77% year over year and nearly 10% sequentially. Q3 was the first quarter with no Maritime revenue.
• Spire secured approximately $75 million of new weather data awards, including a $33.2 million NOAA radio occultation task order and a $28 million NOAA contract for hyperspectral microwave sounding.
• Operating cash use declined to $5 million from $23.4 million in Q2. The company ended the quarter with $78 million in cash and marketable securities and no debt.
• Remaining performance obligations increased to approximately $175 million from $135 million at the end of Q2. Spire expects Q4 revenue of $23 million to $28 million; reaching the high end depends on a deal with uncertain timing.
• Management lowered the top end of its 2026 guidance after moving some TeamMate work from 2026 into 2027; it said the contract value is unchanged.