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

Quarterly report [Sections 13 or 15(d)]

Information on Segment Reporting (Tables)

Information on Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Schedule Of Segment Reporting Information By Segment

The following table includes segment revenue and significant segment expenses:


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Revenue	$	19,182		$	25,399		$	43,058		$	60,224
Less:
Employee expense (a)		24,561			18,955			44,857			37,089
Equipment and software expenses (b)		6,574			6,980			16,893			23,018
Depreciation and amortization		2,524			5,652			6,937			12,489
Professional services		4,508			2,268			13,380			4,703
Facilities expense (b)		1,097			1,017			2,146			1,988
Contactor expense		400			482			778			1,118
Other operating and marketing expenses		1,502			1,447			2,781			2,564
Loss on decommissioned satellites and disposal of assets		1,110			501			6,239			924
Allowance for current credit loss on notes receivable		—			40			—			81
Interest expense		1,686			4,772			7,416			9,825
Change in fair value of contingent liability and warrant liabilities		3,016			(1,052	)		(3,858	)		3,195
Gain on sale of a business		(154,305	)		—			(154,305	)		—
Loss on extinguishment of debt		12,008			—			12,008			—
Issuance of stock warrants		—			—			—			2,399
Other segment items (c)		(5,089	)		896			(8,289	)		2,934
Segment net income (loss)	$	119,590		$	(16,559	)	$	96,075		$	(42,103	)

(a) Employee expense included stock-based compensation expense of $6,222 and $11,127 for the three and six months ended June 30, 2025, respectively, and $4,795 and $8,423 for the three and six months ended June 30, 2024, respectively.

(b) In the second quarter of 2025, the Company reclassified certain expenses from Facilities expense to Equipment and software expenses within its segment reporting to better reflect the nature of the costs. Prior period amounts have been recast to conform to the current year period presentation. This reclassification impacted only the composition of the expense categories regularly provided to the Company’s CODM and had no impact on total segment expenses, the condensed consolidated statements of operations, or earnings (loss) per share.

(c) Other segment items included in segment net income (loss) include foreign exchange gain (loss), income tax provision, equity investment loss, income tax benefit, travel and meals expenses, and interest income.