Spire Global (SPIR) Operating Margin (2020 - 2026)
Spire Global (SPIR) recorded Operating Margin of -110.22% in Q2 2026, up 12.43 percentage points from -122.65% a year earlier.
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Analysis
Spire Global (SPIR) Operating Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Spire Global's Operating Margin came in at -133.26% as of Jun 30, 2026, down 32.61 percentage points year-over-year; for FY2025, it was -134.14%, down 71.42 percentage points from FY2024.
- Annual Operating Margin has a five-year change of -42.84 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at -62.72% in FY2024 (-2.50 pp), -60.22% in FY2023 (+51.24 pp), -111.46% in FY2022 (+44.91 pp) and -156.37% in FY2021 (-65.07 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin since Q1 2025.
- On a year-over-year basis, Operating Margin rose in two of the last seven quarters, with an average year-over-year change of -45.13 percentage points.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 148.53 percentage points in Q4 2023, against a drop of 118.13 percentage points in Q3 2025 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 276.04 Bn | 261.11 Bn | 2.30 Bn | 5.04% |
| 2 | CrowdStrike Holdings | 247.79 Bn | 228.19 Bn | 1.10 Bn | -2.26% |
| 3 | Fortinet | 132.14 Bn | 118.07 Bn | 1.64 Bn | 33.66% |
| 4 | Snowflake | 114.39 Bn | 101.71 Bn | 1.04 Bn | -17.00% |
| 5 | Datadog | 93.69 Bn | 75.33 Bn | 881.34 Mn | 0.49% |
| 6 | Okta | 36.20 Bn | 26.29 Bn | 641.00 Mn | 13.29% |
| 7 | Zscaler | 34.90 Bn | 21.02 Bn | - | - |
| 8 | Axon Enterprise | 32.75 Bn | 27.27 Bn | 546.45 Mn | 5.17% |
| 9 | MongoDB | 28.96 Bn | 19.43 Bn | 569.77 Mn | 3.68% |
| 10 | Spire Global | 354.42 Mn | -33.40 Mn | 6.16 Mn | -110.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -110.22% |
| Dec 31, 2025 | -146.07% |
| Sep 30, 2025 | -166.15% |
| Jun 30, 2025 | -122.65% |
| Mar 31, 2025 | -106.51% |
| Dec 31, 2024 | -144.12% |
| Sep 30, 2024 | -48.02% |
| Jun 30, 2024 | -48.63% |
| Mar 31, 2024 | -34.42% |
| Dec 31, 2023 | -53.98% |
| Sep 30, 2023 | -76.01% |
| Jun 30, 2023 | -45.44% |
| Mar 31, 2023 | -69.53% |
| Dec 31, 2022 | -202.51% |
| Sep 30, 2022 | -80.11% |
| Jun 30, 2022 | -84.58% |
| Mar 31, 2022 | -110.80% |
| Dec 31, 2021 | -160.39% |
| Sep 30, 2021 | -181.70% |
| Jun 30, 2021 | -148.94% |
API Access
Spire Global Operating 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=operating-margin&ticker=SPIR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=SPIR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();