Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
SPIRE GLOBAL, INC.'s top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+13.3%Compound growth, FY2021 to FY2025
Gross profit
+4.3%Compound growth, FY2021 to FY2025
Operating Income
FY2025Latest annual filing, FY2025
Net income
FY2025Latest annual filing, FY2025
Headline results
Four lines, five fiscal years, straight from the filings.
SPIRE GLOBAL, INC. headline income statement — FY2025
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for SPIRE GLOBAL, INC., from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
SPIRE GLOBAL, INC. expanded income statement — FY2025
Expanded annual statement lines sourced from the SEC EDGAR database for SPIRE GLOBAL, INC..
Margins
How much of SPIRE GLOBAL, INC.'s revenue survives through gross profit, operating income, and net income.
Gross margin
-1608 bpsFY2025, versus FY2021
Operating Margin
+2223 bpsFY2025, versus FY2021
Net income margin
+15952 bpsFY2025, versus FY2021
Observation window
yearsFY2021 through FY2025
Margin table
Side-by-side read of gross, operating and net margin.
SPIRE GLOBAL, INC. margins — FY2025
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of SPIRE GLOBAL, INC.'s statement measured against the immediately prior period.
Revenue YoY
FY2024FY2025 versus FY2024
Gross profit YoY
FY2024FY2025 versus FY2024
Op. income YoY
FY2024FY2025 versus FY2024
Net income YoY
FY2024FY2025 versus FY2024
Year-on-year table
Contractions are tinted so slowdowns are obvious.
SPIRE GLOBAL, INC. year-on-year change — FY2025
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2021 to FY2025, which filters out one-year noise.
Revenue CAGR
4yrFY2021 to FY2025
Gross profit CAGR
4yrFY2021 to FY2025
Op. income CAGR
4yrFY2021 to FY2025
Net income CAGR
4yrFY2021 to FY2025
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the five-year period, SPIRE GLOBAL’s revenue shows considerable volatility. Starting at USD 43.4 million in 2021, revenue jumped nearly 63% to USD 70.8 million in 2022 and continued its upward trend to reach USD 97.6 million in 2023, peaking at around USD 110.5 million in 2024. However, in 2025 revenue dropped to USD 71.6 million—a significant decline of about 35% compared to 2024. Gross profit witnessed similar swings, descending from USD 24.7 million in 2021 to USD 17.1 million in 2022, then recovering sharply by nearly 125% to USD 38.6 million in 2023 before a marginal increase to USD 39.9 million in 2024, and falling to USD 29.2 million in 2025. Operating income, treated as a pure measure of operating performance, remained negative throughout the period, showing irregular movements from a negative USD 67.8 million in 2021, worsening to a low of negative USD 95.98 million in 2025 despite some intermediate improvements. Net income trends further complicate the picture. While the company reported losses in 2021 (USD –38.1 million), 2022 (USD –99.0 million), 2023 (USD –77.6 million), and 2024 (USD –103.4 million), the 2025 figure surprisingly turns positive at USD 51.3 million. This swing, exceeding 20% year-over-year change, may point to non-operational factors such as extraordinary gains, tax adjustments, or changes in financing costs rather than improvements in core operations. In context, as a player in the highly capital-intensive satellite data industry, SPIRE GLOBAL appears to face challenges in achieving sustainable operational profitability amid revenue fluctuations. The 2025 net income turnaround is promising but should be interpreted with caution given the persistent negative operating income, suggesting that further strategic adjustments may be needed to stabilize long-term financial health.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
