Spire Global (SPIR) Gross Margin (2020 - 2026)
Spire Global's Gross Margin was 34.12% in Q2 2026, down 14.76 percentage points from 48.88% a year earlier.
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Analysis
Spire Global (SPIR) Gross Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Spire Global's Gross Margin was 40.49% through Jun 30, 2026, down 0.14 percentage points year-over-year; for FY2025, it came in at 40.76%, up 4.66 percentage points from FY2024.
- Gross Margin shows a five-year change of -23.14 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 36.10% in FY2024 (-3.43 pp), 39.53% in FY2023 (+15.31 pp), 24.22% in FY2022 (-32.62 pp) and 56.84% in FY2021 (-7.06 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q4 2024.
- Compared with a year earlier, Gross Margin was higher in five of the last seven quarters, with an average year-over-year change of +1.33 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 112.93 percentage points); the worst was Q4 2022 (a drop of 144.13 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 237.43 Bn | 222.51 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 221.00 Bn | 201.40 Bn | 1.10 Bn | 74.57% |
| 3 | Snowflake | 94.85 Bn | 82.17 Bn | 1.04 Bn | 67.02% |
| 4 | Fortinet | 91.17 Bn | 75.43 Bn | 1.64 Bn | 78.95% |
| 5 | Datadog | 62.02 Bn | 42.57 Bn | 959.92 Mn | 80.19% |
| 6 | Axon Enterprise | 33.59 Bn | 28.12 Bn | 546.45 Mn | 60.42% |
| 7 | Zscaler | 33.07 Bn | 19.23 Bn | 689.22 Mn | 76.73% |
| 8 | Okta | 29.86 Bn | 19.96 Bn | 641.00 Mn | 79.63% |
| 9 | MongoDB | 24.20 Bn | 14.67 Bn | 569.77 Mn | 73.83% |
| 10 | Spire Global | 291.81 Mn | -27.85 Mn | 6.16 Mn | 34.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.12% |
| Dec 31, 2025 | 40.64% |
| Sep 30, 2025 | 36.65% |
| Jun 30, 2025 | 48.88% |
| Mar 31, 2025 | 36.79% |
| Dec 31, 2024 | 32.37% |
| Sep 30, 2024 | 44.54% |
| Jun 30, 2024 | 42.96% |
| Mar 31, 2024 | 26.50% |
| Dec 31, 2023 | 26.58% |
| Sep 30, 2023 | 42.87% |
| Jun 30, 2023 | 45.68% |
| Mar 31, 2023 | 42.42% |
| Dec 31, 2022 | -86.35% |
| Sep 30, 2022 | 50.05% |
| Jun 30, 2022 | 50.64% |
| Mar 31, 2022 | 45.51% |
| Dec 31, 2021 | 57.78% |
| Sep 30, 2021 | 44.17% |
| Jun 30, 2021 | 59.10% |
API Access
Spire Global Gross Margin 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=gross-margin&ticker=SPIR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=SPIR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();