Spire Global (SPIR) Cost of Revenue (2020 - 2026)
Spire Global (SPIR) recorded Cost of Revenue of $11.89 million in Q2 2026, up 21.3% from $9.81 million a year earlier.
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Analysis
Spire Global (SPIR) Cost of Revenue (2020 - 2026) Analysis & Trends
On a TTM basis, Spire Global's Cost of Revenue came in at $39.12 million as of Jun 30, 2026, down 29.4% year-over-year; for FY2025, it came in at $42.39 million, down 39.9% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 32.7% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $70.58 million in FY2024 (+19.6%), $59.02 million in FY2023 (+10.1%), $53.63 million in FY2022 (+186.5%) and $18.72 million in FY2021 (+82.0%).
- The Q2 2026 figure is the highest quarterly Cost of Revenue since Q1 2025.
- On a year-over-year basis, Cost of Revenue rose in two of the last seven quarters, with an average decline of 18.5%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 279.5% in Q4 2022, against a decline of 49.3% in Q3 2025 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 280.36 Bn | 265.44 Bn | 2.30 Bn | 1.11 Bn |
| 2 | CrowdStrike Holdings | 253.37 Bn | 233.78 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 134.62 Bn | 120.55 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Snowflake | 116.92 Bn | 104.23 Bn | 1.04 Bn | 510.08 Mn |
| 5 | Datadog | 95.78 Bn | 77.42 Bn | 881.34 Mn | 240.11 Mn |
| 6 | Okta | 36.98 Bn | 27.07 Bn | 641.00 Mn | 164.00 Mn |
| 7 | Zscaler | 35.32 Bn | 21.44 Bn | - | - |
| 8 | Axon Enterprise | 32.81 Bn | 27.33 Bn | 546.45 Mn | 357.94 Mn |
| 9 | MongoDB | 28.75 Bn | 19.21 Bn | 569.77 Mn | 202.01 Mn |
| 10 | Spire Global | 351.17 Mn | -36.66 Mn | 6.16 Mn | 11.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.89 Mn |
| Dec 31, 2025 | 9.39 Mn |
| Sep 30, 2025 | 8.03 Mn |
| Jun 30, 2025 | 9.81 Mn |
| Mar 31, 2025 | 15.09 Mn |
| Dec 31, 2024 | 14.65 Mn |
| Sep 30, 2024 | 15.84 Mn |
| Jun 30, 2024 | 14.49 Mn |
| Mar 31, 2024 | 25.60 Mn |
| Dec 31, 2023 | 17.77 Mn |
| Sep 30, 2023 | 12.64 Mn |
| Jun 30, 2023 | 15.25 Mn |
| Mar 31, 2023 | 13.37 Mn |
| Dec 31, 2022 | 24.01 Mn |
| Sep 30, 2022 | 10.20 Mn |
| Jun 30, 2022 | 9.57 Mn |
| Mar 31, 2022 | 9.85 Mn |
| Dec 31, 2021 | 6.33 Mn |
| Sep 30, 2021 | 5.34 Mn |
| Jun 30, 2021 | 3.73 Mn |
API Access
Spire Global Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SPIR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SPIR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SPIR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();