Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Capital structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
Capital mix
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
Multi-year momentum
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Doing some research...
Commentary
Commentary on SPIRE GLOBAL, INC. Balance Sheet
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 11, 2026. The filing-backed figures above are the current source of truth.
Spire Global’s balance sheet has become notably smaller and more strained over the five-year period. Total assets declined from $290.2 million in 2021 to $211.0 million in 2025, with the sharpest drop occurring after 2021 and a further modest decline through 2024 before a partial rebound in 2025. This suggests a period of asset rationalization or reduced capital intensity, which can be common in space-data and satellite businesses as they move from heavy upfront investment toward a more focused operating base. However, the asset base remains well below its 2021 level, indicating that the company is operating with less balance-sheet capacity than earlier in the period.
Liabilities increased materially from $100.0 million in 2021 to a peak of $205.3 million in 2024, before falling sharply to $98.1 million in 2025. Stockholders’ equity followed a volatile path: it dropped from a strong $190.2 million in 2021 to $91.1 million in 2022, then down to $37.8 million in 2023, turned negative at $(11.7) million in 2024, and rebounded to $112.9 million in 2025. The 2024 negative equity is a notable red flag, implying that liabilities exceeded assets and that the capital structure had become temporarily overstretched. The 2025 improvement is significant and suggests either a major recapitalization, improved retained earnings, debt reduction, or other balance-sheet strengthening—important in an industry like satellite and space analytics, where long development cycles and funding needs can create sharp swings in leverage and equity.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.
