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]

Information on Segment Reporting (Tables)

Information on Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Segment Revenue and Significant Segment Expenses

The following table includes segment revenue and significant segment expenses (in thousands):


	Year Ended December 31,
	2025			2024
Revenue	$	71,553		$	110,451
Less:
Employee expense (a)		80,275			80,184
Equipment and software expenses (b)		27,454			38,650
Depreciation and amortization		12,405			21,729
Professional services		24,232			17,558
Facilities expense (b)		4,732			4,008
Contractor expense		1,899			2,602
Other operating and marketing expenses		5,629			5,767
Loss on decommissioned satellites and disposal of assets		9,281			4,023
Allowance for current credit loss on notes receivable		—			4,026
Interest expense		7,418			20,358
Change in fair value of contingent liability and warrant liabilities		(4,647	)		6,489
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)		(6,133	)		6,017
Segment net income (loss)	$	51,305		$	(103,359	)

(a) Employee expense included stock-based compensation expense of $18.7 million and $20.0 million for the years ended December 31, 2025 and 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 consolidated statements of operations, or income (loss) per share.

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