Spire Global, Inc. (SPIR) intrinsic value & 10-year financials
Spire Global, Inc. (SPIR) has a Graham intrinsic value of $49.49 per share. At $8.95 on Oct 17, 2026, the stock trades 82% below that value. Over the last 7 fiscal years revenue grew 20.2% a year to $71.6M, with an average return on invested capital of 3.9%.
- Graham intrinsic value
- $49.49
- Share price (Oct 17, 2026)
- $8.95
- Price vs Graham value
- 82% below
- Market cap
- $286.0M
- Revenue (FY2025)
- $71.6M
- Revenue growth (7-yr CAGR)
- 20.2%
- ROIC (10-yr avg)
- 3.9%
- Free cash flow (FY2025)
- -$92.6M
SPIR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $71.6M | $51.3M | $1.49 | -$92.6M | -134.1% | -103.0% |
| FY2024 | $110.5M | -$102.8M | -$4.26 | -$45.0M | -62.2% | -55.9% |
| FY2023 | $105.7M | -$64.0M | -$3.27 | -$53.7M | -42.2% | -26.2% |
| FY2022 | $80.3M | -$89.4M | -$0.64 | -$66.7M | -86.1% | -45.6% |
| FY2021 | $43.4M | -$19.3M | -$0.61 | -$73.4M | 156.4% | 92.4% |
| FY2020 | $28.5M | -$32.5M | — | -$25.1M | 91.3% | 161.8% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Spire Global, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Spire Global, Inc. has historically struggled to out-earn its cost of capital, averaging just -22.8% ROIC.
Spire Global, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Spire Global, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $49.49 per share.