Spire Global (SPIR) Invested Capital (2020 - 2025)
Spire Global's Invested Capital was $112.93 million in Q4 2025, up 30.0% from $86.87 million a year earlier but down 15.2% from the prior quarter.
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Analysis
Spire Global (SPIR) Invested Capital (2020 - 2025) Analysis & Trends
From Q2 2020 onward, Spire Global has reported Invested Capital for 20 quarters.
- In earlier years, Invested Capital was $86.87 million in FY2024 (-42.8%), $151.9 million in FY2023 (-19.9%), $189.61 million in FY2022 (-21.4%) and $241.33 million in FY2021.
- Quarterly Invested Capital has moved between $86.87 million (Q4 2024) and $242.94 million (Q2 2022) over five years.
- Compared with a year earlier, Invested Capital has increased for three straight quarters, with an average decline of 13.1% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q3 2022 (growth of 51.1%); the worst was Q4 2024 (a decline of 42.8%).
- Per Business Quant data, SPIR's Invested Capital in the three quarters before Q4 2025 was $133.13 million (Q3 2025), $149.23 million (Q2 2025) and $103.79 million (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 280.36 Bn | 265.44 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 253.37 Bn | 233.78 Bn | 1.10 Bn | 5.89 Bn |
| 3 | Fortinet | 134.62 Bn | 120.55 Bn | 1.64 Bn | 2.05 Bn |
| 4 | Snowflake | 116.92 Bn | 104.23 Bn | 1.04 Bn | - |
| 5 | Datadog | 95.78 Bn | 77.42 Bn | 881.34 Mn | - |
| 6 | Okta | 36.98 Bn | 27.07 Bn | 641.00 Mn | 6.97 Bn |
| 7 | Zscaler | 35.32 Bn | 21.44 Bn | - | - |
| 8 | Axon Enterprise | 32.81 Bn | 27.33 Bn | 546.45 Mn | 5.41 Bn |
| 9 | MongoDB | 28.75 Bn | 19.21 Bn | 569.77 Mn | - |
| 10 | Spire Global | 351.17 Mn | -36.66 Mn | 6.16 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 112.93 Mn |
| Sep 30, 2025 | 133.13 Mn |
| Jun 30, 2025 | 149.23 Mn |
| Mar 31, 2025 | 103.79 Mn |
| Dec 31, 2024 | 86.87 Mn |
| Sep 30, 2024 | 127.97 Mn |
| Jun 30, 2024 | 146.20 Mn |
| Mar 31, 2024 | 167.47 Mn |
| Dec 31, 2023 | 151.90 Mn |
| Sep 30, 2023 | 167.69 Mn |
| Jun 30, 2023 | 191.23 Mn |
| Mar 31, 2023 | 192.87 Mn |
| Dec 31, 2022 | 189.61 Mn |
| Sep 30, 2022 | 219.41 Mn |
| Jun 30, 2022 | 242.94 Mn |
| Mar 31, 2022 | 235.88 Mn |
| Dec 31, 2021 | 241.33 Mn |
| Sep 30, 2021 | 145.22 Mn |
| Dec 31, 2020 | -22.09 Mn |
| Jun 30, 2020 | -32.29 Mn |
API Access
Spire Global Invested Capital 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=invested-capital&ticker=SPIR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=SPIR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();