8-KCurrent report
Results of operations
✓ VerifiedSpire Global reported first-quarter revenue of $15.8 million, above the high end of guidance and up 13% excluding the divested maritime business, with $70.0 million of gross proceeds raised in April.
Filed May 13, 2026 · 16:11 ET
Summary
- Revenue was $15.8 million, down 34% year over year on the maritime sale but up 13% excluding it, and above the high end of guidance.
- GAAP gross margin improved 4 percentage points to 40%, and non-GAAP gross margin 5 points to 44%.
- Net loss was $25.8 million and adjusted EBITDA was ($10.2) million, both reflecting the $9.7 million of revenue removed by the maritime sale.
- In April 2026 the company raised $70.0 million of gross proceeds; cash and marketable securities were $49.5 million at quarter end.
Key facts
- Revenue
- $15.8 million
From the filing for Revenue
“First quarter 2026 revenue was $15.8 million, above the high end of the guidance range”
- April raise
- $70.0 million
From the filing for April raise
“Spire raised $70.0 million of gross proceeds”
Why it mattersThe post-maritime core is growing double digits, and the April raise resets the cash runway.
- Filed
- May 13, 2026
- Accepted
- 2026-05-13 20:11Z
- Period
- May 13, 2026
- Accession no.
- 0001193125-26-221629
- Size
- 1.1 MB
- Index
- Filing index