Spire Global (SPIR) Operating Expenses (2020 - 2025)
Spire Global's (SPIR) quarterly Operating Expenses came in at $29.5 million in Q4 2025, down 22.7% year-on-year from $38.2 million in Q4 2024, and up 15.0% on a QoQ basis from $25.7 million in Q3 2025.
Spire Global (SPIR) Operating Expenses (2020 - 2025) Analysis & Trends
Spire Global (SPIR) has 6 years of Operating Expenses data on file, last reported at $29.5 million in Q4 2025.
- On a quarterly basis, Operating Expenses fell 22.7% year-over-year to $29.5 million in Q4 2025; TTM through Dec 2025 was $122.4 million, a 12.1% increase from a year earlier, with the FY2025 full-year figure at $125.1 million, up 14.65% from the prior year.
- Operating Expenses for Q4 2025 stood at $29.5 million, up from $25.7 million in the prior quarter.
- Over the last five years, Operating Expenses for SPIR reached as high as $38.2 million in Q4 2024 and fell as low as -$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.
- Across the five-year window, Operating Expenses tumbled 120.04% in 2022 and soared 1025.7% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $32.7 million in 2021, then declined by 14.39% to $28.0 million in 2022, then fell by 17.65% to $23.0 million in 2023, then surged by 65.86% to $38.2 million in 2024, then retreated by 22.7% to $29.5 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $29.5 million in Q4 2025, $25.7 million in Q3 2025, and $32.9 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.31 Bn | 81.12 Bn | 1.45 Bn | 788.55 Mn |
| 2 | Rentokil Initial | 73.75 Bn | 71.25 Bn | - | 6.06 Bn |
| 3 | Relx | 60.28 Bn | 60.04 Bn | - | - |
| 4 | Thomson Reuters | 38.09 Bn | 37.23 Bn | - | -1.20 Bn |
| 5 | Copart | 25.18 Bn | 21.85 Bn | 732.88 Mn | 772.78 Mn |
| 6 | Global Payments | 21.29 Bn | 16.10 Bn | 1.70 Bn | 2.99 Bn |
| 7 | Rb Global | 20.33 Bn | 20.14 Bn | 927.90 Mn | 1.02 Bn |
| 8 | UL Solutions | 17.42 Bn | 17.18 Bn | 381.00 Mn | 243.00 Mn |
| 9 | Aramark | 15.00 Bn | 14.59 Bn | 426.39 Mn | 4.69 Bn |
| 10 | Spire Global | 356.40 Mn | 274.63 Mn | 6.43 Mn | 29.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 19.24 Mn |