Spire Global, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Summary of cash, cash equivalents, and restricted cash

The following table shows components of cash, cash equivalents, and restricted cash reported on the condensed consolidated balance sheets and in the condensed consolidated statements of cash flows as of the dates indicated:


	March 31,		December 31,
	2025		2024
Cash and cash equivalents	$	35,931	$	19,206
Restricted cash included in other long-term assets		532		478
	$	36,463	$	19,684

Summary of customers whose revenue and accounts receivable balances

The following customers represented 10% or more of the Company’s total revenue for each of the following periods:


	Three Months Ended March 31,
Revenue:	2025			2024
Customer A (1)		15	%		17	%
Customer B	*				28	%
Customer C		10	%	*

Accounts Receivable:	March 31, 2025			December 31, 2024
Customer C	*				13	%
Customer D	*				13	%
Customer E		14	%	*
Customer F		13	%	*

* Revenue from customer was less than 10% of total revenue during the applicable period or accounts receivable from customer were less than 10% of total accounts receivable during the applicable period.

(1) Consists of multiple U.S. government agencies, of which no government agency represented greater than 10% of total revenue for the three months ended March 31, 2025 and one government agency represented greater than 10% of total revenue for the three months ended March 31, 2024.