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| Date | Value |
|---|---|
| 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 |