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)

9 Months Ended

Sep. 30, 2025

Schedule Of Segment Reporting Information By Segment

The following table includes segment revenue and significant segment expenses:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Revenue	$	12,670		$	28,568		$	55,728		$	88,792
Less:
Employee expense (a)		18,015			20,024			62,872			57,113
Equipment and software expenses (b)		5,311			8,156			22,204			31,174
Depreciation and amortization		2,557			3,862			9,494			16,352
Professional services		4,223			3,722			17,603			8,425
Facilities expense (b)		1,457			1,042			3,603			3,030
Contactor expense		552			668			1,330			1,786
Other operating and marketing expenses		1,125			1,532			3,906			4,097
Loss on decommissioned satellites and disposal of assets		20			550			6,259			1,474
Allowance for current credit loss on notes receivable		—			2,609			—			2,689
Interest expense		2			4,829			7,418			14,654
Change in fair value of contingent liability and warrant liabilities		(668	)		(1,370	)		(4,525	)		1,825
Gain on sale of a business		—			—			(154,305	)		—
Loss on extinguishment of debt		—			—			12,008			—
Issuance of stock warrants		—			—			—			2,399
Other segment items (c)		(248	)		(4,583	)		(8,538	)		(1,650	)
Segment net (loss) income	$	(19,676	)	$	(12,473	)	$	76,399		$	(54,576	)

(a) Employee expense included stock-based compensation expense of $3,830 and $14,957 for the three and nine months ended September 30, 2025, respectively, and $4,959 and $13,382 for the three and nine months ended September 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 (loss) income per share.

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