Spire Global, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

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

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

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue From Subscription And Non Subscription [Table Text Block]

The following shows revenue from subscription and non-subscription contracts (dollars in thousands):


	Year Ended December 31,
	2025				2024
Subscription revenue	$	55,433	77	%	$	77,170	70	%
Non-subscription revenue		16,120	23	%		33,281	30	%
	$	71,553	100	%	$	110,451	100	%

Schedule of Disaggregation of Revenue by Geography

The following revenue disaggregated by geography was recognized (dollars in thousands):


	Year Ended December 31,
	2025				2024
Americas
U.S.	$	37,682	53	%	$	47,378	43	%
Canada		—	0	%		15,070	14	%
Other(1)		6,656	9	%		263	0	%
Total Americas		44,338	62	%		62,711	57	%
EMEA
United Kingdom		6,881	10	%		13,213	12	%
Other(1)		15,938	22	%		26,493	24	%
Total EMEA		22,819	32	%		39,706	36	%
Asia Pacific
Other(1)		4,396	6	%		8,034	7	%
		4,396	6	%		8,034	7	%
Total	$	71,553	100	%	$	110,451	100	%

(1) Revenue from individual geographic regions that represent less than 10% of total revenue for the years presented are not separately disclosed.

Schedule Of Changes In Contract With Customer Asset

Changes in contract assets were as follows (in thousands):


	2025			2024
Balance as of January 1,	$	785		$	4,917
Contract assets recorded during the year		2,542			659
Reclassified to accounts receivable		(1,628	)		(4,696	)
Other		79			(95	)
Balance as of December 31,	$	1,778		$	785

Schedule Of Changes In Contract With Customer Liability Reported on Consolidated Balance Sheets

Contract liabilities were reported on the Company's consolidated balance sheets as follows (in thousands):


	December 31,
	2025		2024
Contract liability, current	$	35,160	$	22,037
Other long-term liabilities		14,207		23,489
Contract Liabilities	$	49,367	$	45,526

Schedule Of Changes In Contract With Customer Liability

Changes in contract liabilities were as follows (in thousands):


	2025			2024
Balance as of January 1,	$	45,526		$	49,101
Contract liabilities recorded during the year		27,852			32,757
Revenue recognized during the year		(24,185	)		(35,569	)
Other		174			(763	)
Balance as of December 31,	$	49,367		$	45,526

Schedule Of Expects To Recognize Its Remaining Performance Obligations

The Company expects to recognize its remaining performance obligations as of December 31, 2025, over the following periods (dollars in thousands):


	December 31, 2025
1 to 12 months(1)	$	75,573	37	%
13 to 24 months		60,219	30	%
25 to 36 months		43,792	22	%
37 to 48 months		13,908	7	%
Remaining		8,267	4	%
Total	$	201,759	100	%

(1) In March 2026, the Company received notice from a customer to temporarily suspend work under a contract. The contract has not been terminated, and the customer has until August 29, 2026 to either cancel the suspension or terminate the contract. Contracted future revenue related to this contract is included in the remaining performance obligations disclosed above. As a result, approximately $15.3 million of revenue previously expected to be recognized within the next 12 months may be delayed to future periods or may not be recognized.