Spire Global (SPIR) Research & Development (2020 - 2025)

Spire Global's (SPIR) quarterly Research & Development came in at -$12.6 million in Q4 2025, down 225.71% year-on-year from $10.1 million in Q4 2024, and down 548.72% on a QoQ basis from $2.8 million in Q3 2025.

Spire Global (SPIR) Research & Development (2020 - 2025) Analysis & Trends

Spire Global (SPIR) has 6 years of Research & Development data on file, last reported at -$12.6 million in Q4 2025.

  • On a quarterly basis, Research & Development fell 225.71% year-over-year to -$12.6 million in Q4 2025; TTM through Dec 2025 was $3.1 million, a 89.05% decrease from a year earlier, with the FY2025 full-year figure at $15.3 million, down 47.55% from the prior year.
  • Research & Development for Q4 2025 stood at -$12.6 million, down from $2.8 million in the prior quarter.
  • Over the last five years, Research & Development for SPIR reached as high as $10.1 million in Q4 2024 and fell as low as -$12.6 million in Q4 2025.
  • Historically, Research & Development has averaged $5.9 million across 5 years, with a median of $7.2 million in 2021.
  • Across the five-year window, Research & Development jumped 203.47% in 2021 and slumped 225.71% in 2025, its largest moves.
  • Year by year, Research & Development stood at $9.7 million in 2021, then tumbled by 70.65% to $2.8 million in 2022, then jumped by 48.31% to $4.2 million in 2023, then surged by 137.97% to $10.1 million in 2024, then slumped by 225.71% to -$12.6 million in 2025.
  • Per Business Quant data, the three most recent Research & Development figures were -$12.6 million in Q4 2025, $2.8 million in Q3 2025, and $4.4 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Cintas 81.31 Bn 81.12 Bn 1.45 Bn -
2 Rentokil Initial 73.75 Bn 71.25 Bn - -
3 Relx 60.28 Bn 60.04 Bn - -
4 Thomson Reuters 38.09 Bn 37.23 Bn - -
5 Copart 25.18 Bn 21.85 Bn 732.88 Mn -
6 Global Payments 21.29 Bn 16.10 Bn 1.70 Bn -
7 Rb Global 20.33 Bn 20.14 Bn 927.90 Mn -
8 UL Solutions 17.42 Bn 17.18 Bn 381.00 Mn -
9 Aramark 15.00 Bn 14.59 Bn 426.39 Mn -
10 Spire Global 356.40 Mn 274.63 Mn 6.43 Mn -12.64 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -12.64 Mn
Sep 30, 2025 2.82 Mn
Jun 30, 2025 4.41 Mn
Mar 31, 2025 8.51 Mn
Dec 31, 2024 10.05 Mn
Sep 30, 2024 5.63 Mn
Jun 30, 2024 7.52 Mn
Mar 31, 2024 5.12 Mn
Dec 31, 2023 4.22 Mn
Sep 30, 2023 7.93 Mn
Jun 30, 2023 6.73 Mn
Mar 31, 2023 9.66 Mn
Dec 31, 2022 2.85 Mn
Sep 30, 2022 8.88 Mn
Jun 30, 2022 8.23 Mn
Mar 31, 2022 8.66 Mn
Dec 31, 2021 9.70 Mn
Sep 30, 2021 7.80 Mn
Jun 30, 2021 4.85 Mn
Mar 31, 2021 6.90 Mn