8-KCurrent report
Results of operations
✓ VerifiedSpire Global reported Q2 2026 revenue of $18.0 million, down 6% year-over-year, with a net loss of $20.0 million, and reaffirmed full-year 2026 revenue guidance of $75.0 million to $85.0 million.
Filed Aug 12, 2026 · 16:07 ET
Summary
- Second quarter 2026 revenue was $18.0 million, down 6% year-over-year, and up 16% excluding the maritime business, which was sold at the end of April 2025.
- Net loss was $20.0 million in second quarter 2026, compared to prior year net income of $119.6 million that included a $154.3 million gain on sale of business and a $12.0 million loss on extinguishment of debt.
- Adjusted EBITDA was ($8.6) million, improved 16% from prior year adjusted EBITDA of ($10.2) million.
- GAAP gross margin declined 16 percentage points year-over-year to 34%, primarily from impacts of the WildFireSat contract, which was cancelled for convenience in the second quarter.
- Cash, cash equivalents, and marketable securities as of June 30, 2026 were $91.7 million, and Spire maintains a debt-free balance sheet.
- Spire reaffirmed full-year 2026 revenue guidance of $75.0 million to $85.0 million and launched 10 satellites in July 2026, bringing 2026 launches to twenty-nine.
Key facts
- Q2 2026 revenue
- $18.0 million
From the filing for Q2 2026 revenue
“Second quarter 2026 revenue was $18.0 million, down 6% year-over-year, and up 16% excluding the maritime business.”
- Net loss
- $20.0 million
From the filing for Net loss
“Net loss of $20.0 million in second quarter 2026 compared to prior year net income of $119.6 million.”
- Adjusted EBITDA
- ($8.6) million
From the filing for Adjusted EBITDA
“Adjusted EBITDA (1) of ($8.6) million in second quarter 2026 improved 16% compared to prior year adjusted EBITDA of ($10.2) million.”
- GAAP gross margin
- 34%
From the filing for GAAP gross margin
“Second quarter 2026 GAAP gross margin declined 16 percentage points year-over-year to 34%”
- Cash position
- $91.7 million
From the filing for Cash position
“Cash, cash equivalents, and marketable securities as of June 30, 2026 were $91.7 million. Spire continues to maintain a debt-free balance sheet.”
- Cash used in operations
- $23.4 million
From the filing for Cash used in operations
“Second quarter 2026 cash flow used in operations was $23.4 million, reflecting a 32% year-over-year improvement”
- FY26 revenue guidance
- $75.0 High $85.0
From the filing for FY26 revenue guidance
“Revenue $ 75.0 $ 85.0”
- Satellites launched in 2026
- twenty-nine
From the filing for Satellites launched in 2026
“In July 2026, Spire launched 10 satellites, bringing the total number of satellites launched during 2026 to twenty-nine.”
Why it mattersThe results disclose the impact of the maritime divestiture and the cancelled WildFireSat contract on Spire's revenue and margins. Spire held full-year 2026 revenue guidance at $75.0 million to $85.0 million while maintaining a debt-free balance sheet.
- Filed
- Aug 12, 2026
- Accepted
- 2026-08-12 20:07Z
- Period
- Aug 12, 2026
- Accession no.
- 0001193125-26-346835
- Size
- 1.6 MB
- Index
- Filing index