Spire Global, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Revenue, Contract Assets, Contract Liabilities and Remaining Performance Obligations (Tables)

Revenue, Contract Assets, Contract Liabilities and Remaining Performance Obligations (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Geography

The following revenue disaggregated by geography was recognized:


	Three Months Ended September 30, 2023				Nine Months Ended September 30, 2023
EMEA(1)	$	9,511	35	%	$	26,206	34	%
Americas (2)		15,489	57	%		44,295	57	%
Asia Pacific		2,317	8	%		7,477	9	%
Total	$	27,317	100	%	$	77,978	100	%

	Three Months Ended September 30, 2022				Nine Months Ended September 30, 2022
EMEA	$	8,178	40	%	$	23,413	40	%
Americas (2)		9,392	46	%		25,675	45	%
Asia Pacific		2,848	14	%		8,795	15	%
Total	$	20,418	100	%	$	57,883	100	%

(1)

United Kingdom represented 13% for each of the three and nine months ended September 30, 2023.

(2)

U.S. represented 44% and 48% for the three and nine months ended September 30, 2023, respectively, and 33% and 34% for the three and nine months ended September 30, 2022, respectively.

Schedule of Changes in Contract With Customer Asset

Changes in contract assets for the nine months ended September 30, 2023 and 2022 were as follows:


	2023			2022
Balance as of December 31	$	3,353		$	2,084
Contract assets recorded during the period		4,494			3,480
Reclassified to accounts receivable		(3,353	)		(2,080	)
Other		(5	)		(124	)
Balance as of September 30	$	4,489		$	3,360

Schedule of Changes in Contract With Customer Liability

Changes in contract liabilities for the nine months ended September 30, 2023 and 2022 were as follows:


	2023			2022
Balance as of December 31	$	16,628		$	9,255
Contract liabilities recorded during the period		20,887			14,486
Revenue recognized during the period		(13,919	)		(8,220	)
Other		(80	)		(745	)
Balance as of September 30	$	23,516		$	14,776