Spire Global (SPIR) Research & Development (2020 - 2026)
Spire Global (SPIR) posted quarterly Research & Development of -$12.6 million for Q4 2025, down 225.71% year-over-year from $10.1 million in Q4 2024, and down 548.72% quarter-over-quarter from $2.8 million in Q3 2025.
Spire Global (SPIR) Research & Development (2020 - 2026) Analysis & Trends
Spire Global (SPIR) has reported Research & Development for 6 consecutive years, with -$12.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Research & Development fell 225.71% year-over-year to -$12.6 million; the TTM figure through Dec 2025 stood at $3.1 million (down 89.05% YoY), while the FY2025 annual figure was $15.3 million, down 47.55% from the prior year.
- Research & Development declined to -$12.6 million in Q4 2025 per SPIR's latest filing, from $2.8 million in the prior quarter.
- Across five years, Research & Development topped out at $10.1 million in Q4 2024 and bottomed at -$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.
- Annual changes were most pronounced in 2021 — Research & Development soared 203.47% — and 2025, when it plunged 225.71%.
- Spire Global's Research & Development stood at $9.7 million in 2021, then tumbled by 70.65% to $2.8 million in 2022, then surged by 48.31% to $4.2 million in 2023, then soared by 137.97% to $10.1 million in 2024, then slumped by 225.71% to -$12.6 million in 2025.
- Business Quant data shows SPIR's Research & Development at -$12.6 million in Q4 2025, $2.8 million in Q3 2025, and $4.4 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | - |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | - |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | - |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | - |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | - |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | - |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 85.07 Mn |
| 10 | Spire Global | 529.24 Mn | 437.57 Mn | 6.16 Mn | 8.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 8.18 Mn |
| 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 |