Spire Global, Inc. (SPIR) Financial Statements (2024 and earlier)

Company Profile

Business Address 8000 TOWERS CRESCENT DRIVE
VIENNA, VA 22182
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70,280109,2561,323
Cash and cash equivalents47,196109,2561,323
Short-term investments23,084  
Restricted cash and investments  10,071 
Receivables13,86410,163 
Contract with customer, asset, after allowance for credit loss3,3532,084 
Other current assets9,279  
Other undisclosed current assets   280
Total current assets:96,776131,5741,603
Noncurrent Assets
Operating lease, right-of-use asset11,687  
Property, plant and equipment53,75248,704 
Intangible assets, net (including goodwill)84,73597,780 
Goodwill49,95453,627 
Intangible assets, net (excluding goodwill)34,78144,153 
Asset, held-in-trust   230,007
Restricted cash and investments373389 
Other undisclosed noncurrent assets9,18911,747 
Total noncurrent assets:159,736158,620230,007
TOTAL ASSETS:256,512290,194231,611
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13,01016,488899
Taxes payable195 
Employee-related liabilities5,646 
Accounts payable4,8005,824 
Accrued liabilities8,2104,823 
Other undisclosed accounts payable and accrued liabilities   899
Deferred revenue15,8568,627 
Other undisclosed current liabilities4,502(195)127
Total current liabilities:33,36824,9201,026
Noncurrent Liabilities
Long-term debt and lease obligation98,47551,124 
Long-term debt, excluding current maturities98,47551,124 
Liabilities, other than long-term debt14,54623,943 
Deferred income tax liabilities771835 
Other liabilities7801,600 
Operating lease, liability10,815  
Business combination, contingent consideration, liability34910,026 
Derivative instruments and hedges, liabilities1,83111,482 
Other undisclosed noncurrent liabilities   31,416
Total noncurrent liabilities:113,02175,06731,416
Total liabilities:146,38999,98732,442
Temporary equity, carrying amount   194,168
Equity
Equity, attributable to parent, including:110,123190,2075,000
Common stock1615 
Additional paid in capital455,751438,69613,870
Accumulated other comprehensive income (loss)(6,997)732 
Accumulated deficit(338,647)(249,236)(8,871)
Other undisclosed equity, attributable to parent   1
Total equity:110,123190,2075,000
TOTAL LIABILITIES AND EQUITY:256,512290,194231,611

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues80,26843,375 
Cost of revenue(40,327)(18,720) 
Gross profit:39,94124,655 
Operating expenses(109,035)(92,481) 
Operating loss:(69,094)(67,826) 
Nonoperating income (expense)(19,995)30,233 
Other nonoperating expense(2,912)(5,021) 
Interest and debt expense(22,271)(2,277) 
Loss from continuing operations before equity method investments, income taxes:(111,360)(39,870) 
Other undisclosed income from continuing operations before income taxes22,2712,277 
Loss from continuing operations before income taxes:(89,089)(37,593) 
Income tax expense(322)(497) 
Loss from continuing operations:(89,411)(38,090) 
Loss before gain (loss) on sale of properties:(38,090)
Net loss:(89,411)(38,090) 
Other undisclosed net loss attributable to parent   
Net loss available to common stockholders, diluted:(89,411)(38,090) 

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net loss:(89,411)(38,090) 
Other undisclosed comprehensive income (loss)(7,729)1,714 
Comprehensive loss, net of tax, attributable to parent:(97,140)(36,376) 

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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