Spire Global (SPIR) Operating Expenses (2020 - 2026)
Spire Global (SPIR) posted quarterly Operating Expenses of $29.5 million for Q4 2025, down 22.7% year-over-year from $38.2 million in Q4 2024, and up 15.0% quarter-over-quarter from $25.7 million in Q3 2025.
Spire Global (SPIR) Operating Expenses (2020 - 2026) Analysis & Trends
Spire Global (SPIR) has reported Operating Expenses for 6 consecutive years, with $29.5 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses fell 22.7% year-over-year to $29.5 million; the TTM figure through Dec 2025 stood at $122.4 million (up 12.1% YoY), while the FY2025 annual figure was $125.1 million, up 14.65% from the prior year.
- Operating Expenses advanced to $29.5 million in Q4 2025 per SPIR's latest filing, from $25.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $38.2 million in Q4 2024 and bottomed at -$3.9 million in Q1 2022.
- Historically, Operating Expenses has averaged $20.7 million across 5 years, with a median of $24.4 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses sank 120.04% — and 2024, when it surged 1025.7%.
- Spire Global's Operating Expenses stood at $32.7 million in 2021, then slipped by 14.39% to $28.0 million in 2022, then dropped by 17.65% to $23.0 million in 2023, then soared by 65.86% to $38.2 million in 2024, then declined by 22.7% to $29.5 million in 2025.
- Business Quant data shows SPIR's Operating Expenses at $29.5 million in Q4 2025, $25.7 million in Q3 2025, and $32.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.90 Bn | 81.61 Bn | 1.48 Bn | 792.12 Mn |
| 2 | Relx | 65.83 Bn | 65.65 Bn | - | - |
| 3 | Copart | 31.86 Bn | 28.50 Bn | 732.88 Mn | 772.78 Mn |
| 4 | Global Payments | 25.29 Bn | 19.88 Bn | 2.03 Bn | 2.98 Bn |
| 5 | Rb Global | 16.08 Bn | 15.55 Bn | 935.50 Mn | 1.09 Bn |
| 6 | Aramark | 15.66 Bn | 15.16 Bn | 430.34 Mn | 4.84 Bn |
| 7 | UL Solutions | 15.15 Bn | 14.72 Bn | 417.00 Mn | 267.00 Mn |
| 8 | Rentokil Initial | 11.92 Bn | 9.39 Bn | - | - |
| 9 | Dolby Laboratories | 6.11 Bn | 5.44 Bn | 264.68 Mn | 230.36 Mn |
| 10 | Spire Global | 542.64 Mn | 450.97 Mn | 6.16 Mn | 26.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.05 Mn |
| Dec 31, 2025 | 29.55 Mn |
| Sep 30, 2025 | 25.69 Mn |
| Jun 30, 2025 | 32.90 Mn |
| Mar 31, 2025 | 34.21 Mn |
| Dec 31, 2024 | 38.23 Mn |
| Sep 30, 2024 | 26.44 Mn |
| Jun 30, 2024 | 23.26 Mn |
| Mar 31, 2024 | 21.22 Mn |
| Dec 31, 2023 | 23.05 Mn |
| Sep 30, 2023 | 26.30 Mn |
| Jun 30, 2023 | 25.57 Mn |
| Mar 31, 2023 | -2.29 Mn |
| Dec 31, 2022 | 27.99 Mn |
| Sep 30, 2022 | -3.04 Mn |
| Jun 30, 2022 | -3.25 Mn |
| Mar 31, 2022 | -3.86 Mn |
| Dec 31, 2021 | 32.69 Mn |
| Sep 30, 2021 | 21.60 Mn |
| Jun 30, 2021 | 18.96 Mn |