Spire Global Aims for $85M-$95M in 2025 Revenue, Expands Space Services and Defense Footprint

Spire Global, a space services and defense company, has targeted $85M-$95M in revenue for 2025. The company achieved a "transformative milestone" in Q2 2025, selling its maritime business and eliminating debt, establishing a robust balance sheet. The sale has strengthened Spire's financial foundation, enabling it to expand its space services and defense footprint.

Title: Spire Global Announces Strong Q2 2025 Results and Expands Space Services and Defense Footprint

Spire Global, Inc. (NYSE: SPIR), a leading provider of space-based data, analytics, and space services, has announced its preliminary unaudited second quarter 2025 revenue results. The company reported revenue expected to be in the range of $18.0 to $19.0 million for the period ended June 30, 2025 [1]. This marks a significant achievement for Spire, which has been focusing on strengthening its financial position and expanding its services.

Spire's robust financial foundation was further bolstered by the sale of its maritime business and the elimination of debt, resulting in a strong balance sheet with over $100 million in cash, cash equivalents, and marketable securities as of June 30, 2025 [1]. The company's full-year revenue guidance remains at $85.0 million to $95.0 million, with expectations to finish 2025 with over $100 million in liquid assets on the balance sheet [1].

Spire has been proactive in securing new contracts to expand its space services and defense footprint. The company was awarded an eight-figure, five-year space services contract from a repeat commercial customer, underscoring the value Spire delivers to clients seeking reliable, proven technology on an accelerated timeline [1]. Additionally, Spire received a $1.2 million NASA contract renewal for Earth observation data, extending its commitment to delivering comprehensive Earth observation data, including GNSS radio occultation, GNSS Reflectometry, and space weather measurements [1].

Furthermore, Spire was awarded a European Space Agency contract for weather data under the Third Party Mission (TPM) programme, providing European researchers with access to Spire’s historical Earth intelligence data, including GNSS-Reflectometry and Polarimetric Radio Occultation data [1]. This data supports cutting-edge science and operational applications, offering insights into sea ice, soil moisture, and precipitation among other climate variables.

Spire has also launched new space-based radio frequency intelligence capabilities for defense and security applications, enabling government agencies and integrators to access advanced RF intelligence tools tailored to various mission needs [1]. The company's Aircraft Exposure Analytics for weather-related aircraft risk combines global multi-source ground and space-based ADS-B flight data with Significant Meteorological Information (SIGMET) alerts, delivering environmental exposure metrics for each aircraft [1].

Spire continues to develop its next-generation Hyperspectral Microwave Sounder (HyMS), recently completing a successful airborne demonstration in collaboration with the Met Office and sponsored by NOAA’s Joint Venture Partnership Program [1]. The company expects to launch the first sensor no earlier than the first quarter of 2026, marking a major milestone in advancing this capability.

Spire's strong financial position and strategic initiatives position the company well for future growth in the space services and defense sectors. The company will hold a webcast at 5:00 p.m. ET today to discuss its business outlook and select financial highlights [1].

References
1. [Spire Global Announces Preliminary Second Quarter 2025 Revenue and Provides Business Update](https://finance.yahoo.com/news/spire-global-announces-preliminary-second-200500026.html)
2. [Spire Global Announces Preliminary Second Quarter 2025 Revenue and Provides Business Update](https://www.marketscreener.com/news/spire-global-announces-preliminary-second-quarter-2025-revenue-and-provides-business-update-ce7c51d8d888f726)