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

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

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

3 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Revenue from Subscription and Non-Subscription Contracts

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


	Three Months Ended March 31,
	2026				2025
Subscription revenue	$	13,221	83	%	$	19,510	82	%
Non-subscription revenue		2,613	17	%		4,366	18	%
	$	15,834	100	%	$	23,876	100	%

Schedule of Disaggregation of Revenue by Geography

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


	Three Months Ended March 31,
	2026				2025
Americas
U.S.	$	8,638	55	%	$	11,985	50	%
Canada		1,596	10	%		—	0	%
Other(1)		49	0	%		1,595	7	%
Total Americas		10,283	65	%		13,580	57	%
EMEA
United Kingdom		923	5	%		3,273	14	%
Belgium		1,690	11	%		16	0	%
Germany		1,582	10	%		1,289	5	%
Other(1)		937	6	%		3,639	15	%
Total EMEA		5,132	32	%		8,217	34	%
Asia Pacific
Other(1)		419	3	%		2,079	9	%
		419	3	%		2,079	9	%
Total	$	15,834	100	%	$	23,876	100	%

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

Schedule of Changes in Contract With Customer Asset

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


	2026			2025
Balance as of January 1,	$	1,778		$	785
Contract assets recorded during the period		1,235			2,126
Reclassified to accounts receivable		(1,062	)		(710	)
Other		(22	)		20
Balance as of March 31,	$	1,929		$	2,221

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

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


	March 31,		December 31,
	2026		2025
Contract liabilities, current portion	$	35,992	$	35,160
Contract liabilities, non-current		12,435		14,207
Contract liabilities	$	48,427	$	49,367

Schedule of Changes in Contract With Customer Liability

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


	2026			2025
Balance as of January 1,	$	49,367		$	45,526
Contract liabilities recorded during the period		10,218			11,635
Revenue recognized during the period		(10,828	)		(9,908	)
Other		(330	)		433
Balance as of March 31,	$	48,427		$	47,686

Schedule of Revenue Remaining Performance Obligation Expected Timing of Satisfaction

The Company expects to recognize its remaining performance obligations as of March 31, 2026, over the following periods (dollars in thousands):


	March 31, 2026
1 to 12 months(1)	$	62,315	34	%
13 to 24 months(1)		58,547	32	%
25 to 36 months(1)		46,754	25	%
37 to 48 months		11,681	6	%
Remaining		5,513	3	%
Total	$	184,810	100	%

(1) On April 23, 2026, a customer provided the Company with written notice of a contract termination, effective immediately. See Note 14 for further information. As of March 31, 2026, contracted future revenue related to this contract is included in the remaining performance obligations, as disclosed above. Approximately $8.1 million, $19.7 million, and $14.5 million of revenue previously expected to be recognized within the next 12 months, 13 to 24 months, and 25 to 36 months, respectively, will not be recognized as a result of this termination.