🔴 Spire Global is trading 6.95% down today after margin compression from canceled Wildfire SAC contract

Spire Global is trading 6.95% down now at $13.72, with the decline driven by weaker profitability after the canceled Wildfire SAC contract.

• Its August 12, 2026 earnings release reported Q2 revenue of $18.05 million and a $0.52 diluted loss per share.
• Management reaffirmed 2026 revenue guidance of $75 million to $85 million, while non-GAAP gross margin fell to 38% from 52%, primarily because of the canceled contract.
• Improving core revenue did not offset weaker profitability; broader technology markets are rising, making sector weakness unlikely.