Spire Global (SPIR) FY2025 10-K Risk Factors: 14 New, 63 Dropped

What the changes say

Spire Global faces severe going concern pressures, relying on a volatile marketable securities portfolio valued at $57.0 million at year-end 2025.

What changed since the prior 10-K

New

NewRisks Related to Our Industry and Business
We may require additional capital to support business growth, and this capital might not be available on company favorable terms, if at all, or may be available only by diluting existing stockholders or putting excessive debt leverage and insolvency risk on the business
We may require additional financing that could dilute existing stockholders or add excessive debt leverage.
NewRisks Related to Our Industry and Business
Apart from a gain recognized in the second quarter of 2025 related to the sale of our maritime business, we have incurred net losses since our inception and have not generated net income from ongoing operations. We expect to continue incurring net losses in the near term as we invest in the growth of our business
Apart from a gain from selling our maritime business in 2025, we continue to incur net losses.
NewRisks Related to Our Industry and Business
Uncertain macroeconomic and geopolitical conditions have negatively impacted, and may continue to impact, our business, financial condition, and results of operations
Macroeconomic and geopolitical conditions, including tariffs and armed conflicts, have disrupted our ground stations and space assets.
NewRisks Related to Our Industry and Business
We face competition and could face pricing pressure from, and lose market share to, our competitors, including as a result of rapid technological changes in the satellite industry or new service solutions, which could adversely affect our business
We face intense competition and pricing pressure from new low Earth orbit constellations and AI-driven service solutions.
NewRisks Related to Our Industry and Business
Our business could be adversely affected by weather, climate, and other large-scale disruptive events
Large-scale disruptive events like extreme weather can disrupt our launch schedules and supply chains.
NewRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
Most, if not all, failures cannot be corrected once the satellites are placed in orbit and may result in loss of customers, customer disputes, monetary losses, delays, and impairment of services
Most satellite failures cannot be corrected once placed in orbit, resulting in customer disputes and monetary losses.
NewRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
We primarily manufacture our satellites in-house at a single manufacturing facility in the United Kingdom. Any impairment to this manufacturing facility, or our inability to grow manufacturing capabilities at other facilities, would materially affect our business, financial condition, and results of operations
We primarily manufacture our satellites in-house at a single facility in the United Kingdom without backup operations.
NewRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
Issues in the use of AI, including machine learning, in our geospatial data and analytics platforms may negatively affect our business
Flawed AI algorithms or insufficient datasets in our geospatial analytics platforms could lead to legal liability and reputational harm.
NewRisks Related to Legal, Regulatory, Compliance, and Other Matters
Any actual or perceived security or privacy breach or incident could adversely affect our business, financial condition, and results of operations
Security breaches involving our platform could result in unauthorized access to our customers' data and disrupt our operations.
NewRisks Relating to Financial and Accounting Matters
Our marketable securities portfolio is subject to credit, liquidity, market, and interest rate risks that could cause its value to decline significantly and materially adversely affect our business, financial condition, and results of operations
Our marketable securities portfolio of $57.0 million as of December 31, 2025, is subject to credit, liquidity, and interest rate risks.
NewRisks Relating to Financial and Accounting Matters
Each of our material weaknesses could result in a misstatement of substantially all of our accounts or disclosures that would result in a material misstatement to the annual or interim consolidated financial statements that would not be prevented or detected
Material weaknesses in our internal control over financial reporting as of December 31, 2025, could result in a misstatement of accounts.
NewRisks Relating to Financial and Accounting Matters
Our metrics and estimates used to evaluate our performance and to make results of operations projections could be subject to real or perceived inaccuracies that may harm our reputation and negatively affect our business
Our performance metrics, such as renewal rates and average selling prices, are calculated using internal data without third-party evaluation.
NewRisks Related to Our Common Stock and Reporting Status
We are subject to the continued listing standards of the NYSE and our failure to satisfy these requirements could result in delisting, which would adversely impact our stock price, liquidity, and ability to obtain capital
NewRisks Related to Our Common Stock and Reporting Status
limit our ability to raise funds through the sale of equity or securities convertible into equity and the terms of any such fundraising, and adversely impact the liquidity and market price of our Class A common stock

Dropped

DroppedRisks Related to Our Industry and Business
Our revenue growth and financial performance in recent periods may not be indicative of future performance
Past revenue growth may not indicate future results.
DroppedRisks Related to Our Industry and Business
We may fail to effectively manage our growth, which would adversely affect our business, financial condition, and results of operations
We may fail to effectively manage our rapid growth.
DroppedRisks Related to Our Industry and Business
We have a history of net losses and may not be able to achieve or maintain profitability in the future
History of net losses and uncertain future profitability.
DroppedRisks Related to Our Industry and Business
Our current cash and cash equivalents and expected future financial results have raised substantial doubt as to our ability to continue as a going concern
Substantial doubt about our ability to continue as a going concern.
DroppedRisks Related to Our Industry and Business
for declining to close, which we have rejected. We believe that Buyer’s failure to close is not consistent with the terms of the Purchase Agreement, which do not give Buyer the option to delay closing once all closing conditions have been met
Litigation against Buyer in Delaware Court of Chancery.
DroppedRisks Related to Our Industry and Business
Our business could be adversely affected by pandemics, natural disasters, political crises, or other unexpected events
Vulnerability to pandemics, natural disasters, and political crises.
DroppedRisks Related to Our Industry and Business
Satellites use highly complex technology and operate in the harsh environment of space and therefore are subject to significant operational risks, including exposure to space debris and other spacecraft, while in orbit
Operational risks from space debris and harsh space environment.
DroppedRisks Related to Our Industry and Business
radio frequency interference emitted internally or externally from the spacecraft affecting the communication links
Radio frequency interference emitted internally or externally.
DroppedRisks Related to Our Industry and Business
system failures that degrade the ability to reposition the satellite
System failures degrading the ability to reposition satellites.
DroppedRisks Related to Our Industry and Business
problems with the fault control mechanisms embedded in the satellite
Problems with satellite fault control mechanisms.
DroppedRisks Related to Our Industry and Business
Changes in government administration and national and international priorities could have a significant impact on national or international government spending priorities and the efficient handling of routine contractual matters. These changes could have a negative impact on our business in the future
DroppedRisks Related to Our Industry and Business
Control or prohibit the export of our services
DroppedRisks Related to Our Industry and Business
The U.S. government or a prime contractor customer could require us to relinquish data rights to a product in connection with performing work on a government contract, which could lead to a loss of valuable technology and intellectual property in order to participate in a government program
Changes in government administration affecting contract priorities.
DroppedRisks Related to Our Industry and Business
Our satellites and platform could fail to perform or perform at reduced levels of service because of technological malfunctions, satellite failures or deficiencies, or other performance failures, which would seriously harm our reputation, business, financial condition, and results of operations
Risk of government contract termination or suspension.
DroppedRisks Related to Our Industry and Business
We face competition and could face pricing pressure from, and lose market share to, our competitors, which would adversely affect our business, financial condition, and results of operations
DroppedRisks Related to Our Industry and Business
substantially greater financial, technical, and other resources
DroppedRisks Related to Our Industry and Business
Our reputation and brand are important to our success, and we may not be able to maintain and enhance our reputation and brand, which would adversely affect our business, financial condition, and results of operations
DroppedRisks Related to Our Industry and Business
Rapid and significant technological changes in the satellite industry or the introduction of a new service solution to the market that reduces or eliminates our service performance advantage may harm our business, financial condition, and results of operations
DroppedRisks Related to Our Industry and Business
There is a risk that a competitor in the future may conceive of and implement a different technology solution that would approach or exceed the performance capability of our solutions, which would adversely affect our revenues, margin and market share
DroppedRisks Related to Our Industry and Business
Changes to our business models and pricing strategies could adversely affect our ability to attract or retain customers
DroppedRisks Related to Our Industry and Business
We depend on our sales force, and we may fail to attract, retain, motivate, or adequately train our sales force, which could adversely affect our business, financial condition, and results of operations
DroppedRisks Related to Our Industry and Business
Our ability to increase sales depends, in part, on the quality of our customer support and the ease of our customer experience, and a failure to offer high quality customer support and customer experience would harm our reputation and adversely affect our business, financial condition, and results of operations
DroppedRisks Related to Our Industry and Business
We provide minimum service level commitments to certain of our customers, and our failure to meet these commitments could cause us to issue credits or pay penalties, which could harm our results of operations
DroppedRisks Related to Our Industry and Business
We may fail to cost-effectively acquire new customers or obtain renewals, upgrades, or expansions from our existing customers, which would adversely affect our business, financial condition, and results of operations
DroppedRisks Related to Our Industry and Business
The markets for our offerings are evolving, and our future success depends on the growth of these markets and our ability to adapt, keep pace, and respond effectively to evolving markets
DroppedRisks Related to Our Industry and Business
additional or alternative services, or to develop additional capabilities within our business, any of which may not be available or could require significant resources and adversely affect our business, financial condition, and results of operations
DroppedRisks Related to Our Industry and Business
We are dependent on third parties to launch our satellites into space, and any launch delay, malfunction, or failure could have a material adverse impact to our business, financial condition, and results of operations
DroppedRisks Related to Our Industry and Business
In the future, we may pursue acquisitions or strategic transactions, and if we fail to successfully integrate acquired companies into our business or if such acquisitions fail to deliver the expected return on investment, our business, financial condition, and results of operations could be adversely affected
DroppedRisks Related to Our Industry and Business
use of substantial portions of our available cash or the incurrence of debt to consummate the acquisition
DroppedRisks Related to the Transactions
Failure to complete the Transactions would have a material adverse effect on us
DroppedRisks Related to the Transactions
The Transactions, and uncertainty regarding the Transactions, may adversely affect our relationships with customers, suppliers, strategic partners and others and could adversely affect our ability to manage our business
DroppedRisks Related to the Transactions
Uncertainties associated with the Transactions may result in our losing management and other key personnel, which could adversely affect our business and operations
DroppedRisks Related to the Transactions
We have incurred and expect to incur significant transaction costs in connection with the Transactions
DroppedRisks Related to the Transactions
There is no assurance that we will be able to realize the anticipate benefits from the Transactions
DroppedRisks Related to Intellectual Property, Privacy, Cybersecurity, and Technical Infrastructure
may be weak. Accordingly, despite our efforts, we may be unable to prevent third parties from infringing upon, misappropriating, or otherwise violating our intellectual property rights
DroppedRisks Related to Intellectual Property, Privacy, Cybersecurity, and Technical Infrastructure
Claims by others that we infringed their proprietary technology or other intellectual property rights would harm our business
DroppedRisks Related to Intellectual Property, Privacy, Cybersecurity, and Technical Infrastructure
We incorporate technology and terrestrial data sets from third parties into our platform, and our inability to maintain rights and access to such technology and data sets would harm our business and results of operations
DroppedRisks Related to Intellectual Property, Privacy, Cybersecurity, and Technical Infrastructure
unable to implement adequate preventative measures, anticipate attempted security breaches or other incidents, or react in a timely manner
DroppedRisks Related to Intellectual Property, Privacy, Cybersecurity, and Technical Infrastructure
The rapidly evolving framework of privacy, data protection, data transfers, or other laws or regulations worldwide may increase our costs of compliance, subject us to claims and penalties, and limit the use and adoption of our services, any of which could adversely affect our business
DroppedRisks Related to Intellectual Property, Privacy, Cybersecurity, and Technical Infrastructure
We rely on AWS to deliver our platform to our customers, and any disruption of, or interference with, our use of AWS could adversely affect our business, financial condition, and results of operations
DroppedRisks Related to Legal and Regulatory Matters
temporary or permanent debarment from sales to government organizations
DroppedRisks Related to Legal and Regulatory Matters
Domestic and international tax laws and regulations, and changes to such tax laws and regulations, could adversely affect our business, financial condition, and results of operations
DroppedRisks Related to Legal and Regulatory Matters
As we expand the scale of our international business activities, U.S. or foreign taxation of such activities may increase our worldwide effective tax rate and harm our business, financial condition, and results of operations
DroppedRisks Related to Legal and Regulatory Matters
Our ability to utilize our net operating loss carryforwards and certain other tax attributes to offset future taxable income may be limited
DroppedRisks Related to Legal and Regulatory Matters
Taxing authorities may successfully assert that we should have collected or in the future should collect sales and use, value added, or similar taxes, and any such assessments could adversely affect our business, financial condition, and results of operations
DroppedRisks Relating to Financial and Accounting Matters
Material impairments in the carrying value of our goodwill would negatively affect our operating results
DroppedRisks Relating to Financial and Accounting Matters
Our results of operations may be adversely affected by changes in accounting principles applicable to us
DroppedRisks Relating to Financial and Accounting Matters
Our estimates and judgments relating to our critical accounting policies may be based on assumptions that change or prove to be incorrect, which could cause our results of operations to fall below expectations of securities analysts and investors, resulting in a decline in the market price of our Class A common stock
DroppedRisks Relating to Financial and Accounting Matters
The material weaknesses above resulted in certain immaterial audit adjustments, which were recorded prior to the issuance of the consolidated financial statements as of and for the year ended December 31, 2020
DroppedRisks Relating to Financial and Accounting Matters
losses. This material weakness resulted in the restatement of our previously filed financial statements for the Affected Periods
DroppedRisks Relating to Financial and Accounting Matters
We are taking certain measures to remediate these material weaknesses as described in Part II, Item 9A of this Annual Report on Form 10-K, however such material weaknesses had not been remediated as of December 31, 2024
DroppedRisks Relating to Financial and Accounting Matters
We have substantial indebtedness under our credit facility and our obligations thereunder may limit our operational flexibility or otherwise adversely affect our financial condition
DroppedRisks Relating to Financial and Accounting Matters
Restrictions imposed by our outstanding indebtedness and any future indebtedness may limit our ability to operate our business and to finance our future operations or capital needs or to engage in acquisitions or other business activities necessary to achieve growth
DroppedRisks Relating to Financial and Accounting Matters
engage in certain intercompany transactions and other transactions with affiliates
DroppedRisks Relating to Financial and Accounting Matters
We may be unable to generate sufficient cash flow to satisfy our significant debt service obligations, which could have a material adverse effect on our business, financial condition, results of operations, and cash flows
DroppedRisks Related to Our Common Stock
Delaware law and our certificate of incorporation and bylaws contain certain provisions, including anti-takeover provisions, that limit the ability of stockholders to take certain actions and could delay or discourage takeover attempts that stockholders may consider favorable
DroppedRisks Related to Our Common Stock
Our results of operations vary and are unpredictable from period to period, which could cause the market price of our Class A common stock to decline
DroppedRisks Related to Our Common Stock
general economic conditions in either domestic or international markets, including currency exchange rate fluctuations, supply chain impacts, inflation and geopolitical uncertainty and instability, such as the conflicts in Ukraine and Gaza and their impacts on the regional and global economies
DroppedRisks Related to Our Common Stock
If we fail to meet or exceed such expectations for these or any other reasons, the market price of our Class A common stock could decline and we could face costly lawsuits, including securities class action suits
DroppedRisks Related to Our Common Stock
Future transfers by the holders of our Class B common stock will generally result in those shares automatically transferring to us for no consideration, subject to limited exceptions, such as certain transfers effected for estate planning or other transfers among the Legacy Spire Founders and their family members
DroppedRisks Related to Our Common Stock
The trading price of our securities may be volatile, and you could lose all or part of your investment
DroppedRisks Related to Our Common Stock
general economic and political conditions such as recessions, inflation, geopolitical instability, acts of war or terrorism, and fluctuations in interest rates, fuel prices and international currency
DroppedRisks Related to Our Common Stock
The restatement of our previously issued financial statements for the Affected Periods has resulted in unanticipated costs, stockholder litigation and regulatory actions, and may adversely affect investor confidence, our stock price, our ability to raise capital in the future and our reputation

Reworded

99% rewrittenRisks Related to Legal, Regulatory, Compliance, and Other Matters
Further, because the regulatory schemes vary by country, we may be subject to regulations in foreign countries of which we are not presently aware that we are not in compliance with, and as a result could be subject to sanctions by a foreign government
Replaced spectrum regulation disclosures with new details on customer disputes and minimum service level commitment penalties.
95% rewrittenRisks Related to Legal, Regulatory, Compliance, and Other Matters
Our business is subject to a wide range of laws and regulations, many of which are evolving, and failure to comply with such laws and regulations could harm our business, financial condition, and results of operations
Updated regulatory compliance text to explicitly cover rapidly evolving rules for satellite launches, permits, and government contracting.
95% rewrittenRisks Related to Legal, Regulatory, Compliance, and Other Matters
Our contracts with government entities are subject to a number of risks and uncertainties
Added specific risks regarding changes driven by executive orders and competitive bidding processes for government contracts.
89% rewrittenRisks Related to Our Common Stock and Reporting Status
specifying that special meetings of our stockholders can be called only by a majority of our board of directors, the chairperson of our board of directors, or our president
Removed specific statutory references to Section 203 of the Delaware General Corporation Law regarding business combinations.
88% rewrittenRisks Related to Our Industry and Business
Our international operations and continued international expansion subject us to additional costs and risks, which could adversely affect our business, financial condition, and results of operations
Expanded international expansion risks to include growing manufacturing footprints both in the U.S. and abroad.
88% rewrittenRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
We depend on our management team and other highly skilled personnel, and we may fail to attract, retain, motivate, or integrate highly skilled personnel, which could adversely affect our business, financial condition, and results of operations
Added references to local employment laws and regulations governing international personnel outside the U.S.
85% rewrittenRisks Related to Our Industry and Business
We rely on a limited number of government customers to provide a significant portion of our revenue
Updated government revenue concentration to 43% from three customers in 2025 and disclosed the March 2, 2026 Stop Work Order from Public Services and Procurement Canada for WildFireSat.
Was: We rely on a limited number of government customers to provide a substantial portion of our revenue
83% rewrittenRisks Related to Legal, Regulatory, Compliance, and Other Matters
We have been involved, are currently involved, and may in the future become involved, in claims, lawsuits, government investigations, and other proceedings that could adversely affect our business, financial condition, and results of operations
Clarified that stockholder litigation resulting from restatements and material weaknesses in ICFR was previously dismissed.
82% rewrittenRisks Related to Legal, Regulatory, Compliance, and Other Matters
We are subject to anti-corruption, anti-bribery, anti-money laundering, and similar laws, the non-compliance with which could adversely affect our business, financial condition, results of operations, and growth prospects
Was: We are subject to anti-corruption, anti-bribery, anti-money laundering, and similar laws, and non-compliance with such laws can subject us to criminal penalties or significant fines, harm our reputation, and adversely affect our business, financial condition, results of operations, and growth prospects
79% rewrittenRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
Any failure to obtain, maintain, protect, or enforce our intellectual property and proprietary rights could harm our business, financial condition, and results of operations
78% rewrittenRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
Our services and technology contain third-party open source software components, and failure to comply with the terms of the underlying open source software licenses could restrict our ability to deliver our platform or subject us to litigation or other actions
77% rewrittenRisks Related to Our Industry and Business
Our sales cycle can be long and unpredictable for certain channels and services, and our sales efforts require considerable time and expense
75% rewrittenRisks Related to Legal, Regulatory, Compliance, and Other Matters
We are subject to governmental export and import controls that would impair our ability to compete in international markets or subject us to liability if we do not maintain the required authorizations or compliance with applicable laws
Was: We are subject to domestic and international governmental export and import controls that would impair our ability to compete in international markets or subject us to liability if we are not in compliance with applicable laws or if we do not secure or maintain the required export authorizations
70% rewrittenRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
We rely on third parties for our supply of certain of our data, equipment, satellite components, software, and operational services, and any failure, delay, or interruption with these third parties could adversely affect our business, financial condition, and results of operations
Was: We rely on third parties for our supply of certain of our data, equipment, satellite components, software, and operational services to manage and operate our business, and any failure or interruption with these third parties could adversely affect our business, financial condition, and results of operations
69% rewrittenRisks Relating to Financial and Accounting Matters
Our failure to maintain an effective system of disclosure controls and ICFR has in the past impaired, and could impair in the future, our ability to produce timely and accurate financial statements or comply with applicable regulations
Was: Our failure to maintain an effective system of disclosure controls and internal control over financial reporting could impair our ability to produce timely and accurate financial statements or comply with applicable regulations
63% rewrittenRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
Satellites are subject to significant launch risks, including, but not limited to, launch delays, launch failures, and damage or destruction during launch, the occurrence of which can materially and adversely affect our business, financial condition, and results of operations
Was: Satellites are subject to construction and launch delays, launch failures, and damage or destruction during launch, the occurrence of which can materially and adversely affect our operations
63% rewrittenRisks Relating to Financial and Accounting Matters
Certain Space Services contracts are highly customized and require significant judgment in determining the appropriate accounting treatment, which could increase the risk of material misstatements in our consolidated financial statements
Was: Certain of the contracts in our “Space as a Service” business (the “Space Services Contracts”) are highly customized and require significant judgment in determining the appropriate accounting treatment, which could increase the risk of material misstatements in our consolidated financial statements
52% rewrittenRisks Relating to Financial and Accounting Matters
Our current insurance does not protect us against all losses that we may experience, including, but not limited to, satellite related losses
Was: Our current insurance does not protect us against all satellite-related losses that we may experience
40% rewrittenRisks Related to our Technology, Research and Development, Technical Infrastructure, and Operations
Technical malfunctions, performance failures, or other issues or difficulties with our ground stations could harm our business, financial condition, and results of operations
31% rewrittenRisks Relating to Financial and Accounting Matters
We face fluctuations in currency exchange rates, which could adversely affect our business, financial condition, and results of operations
Was: We face fluctuations in currency exchange rates, which could adversely affect our financial condition and results of operations

All 34 risk factors

Headings as the filing states them, in filing order.

Risks Related to Our Industry and Business

01We may require additional capital to support business growth, and this capital might not be available on company favorable terms, if at all, or may be available only by diluting existing stockholders or putting excessive debt leverage and insolvency risk on the businessNew
02Apart from a gain recognized in the second quarter of 2025 related to the sale of our maritime business, we have incurred net losses since our inception and have not generated net income from ongoing operations. We expect to continue incurring net losses in the near term as we invest in the growth of our businessNew
03Uncertain macroeconomic and geopolitical conditions have negatively impacted, and may continue to impact, our business, financial condition, and results of operationsNew
04We rely on a limited number of government customers to provide a significant portion of our revenue85% rewritten
05We face competition and could face pricing pressure from, and lose market share to, our competitors, including as a result of rapid technological changes in the satellite industry or new service solutions, which could adversely affect our businessNew
06Our sales cycle can be long and unpredictable for certain channels and services, and our sales efforts require considerable time and expense77% rewritten
07Our international operations and continued international expansion subject us to additional costs and risks, which could adversely affect our business, financial condition, and results of operations88% rewritten
08Our business could be adversely affected by weather, climate, and other large-scale disruptive eventsNew

Risks Related to our Technology, Research and Development, Technical Infrastructure, and Operations

09Most, if not all, failures cannot be corrected once the satellites are placed in orbit and may result in loss of customers, customer disputes, monetary losses, delays, and impairment of servicesNew
10Satellites are subject to significant launch risks, including, but not limited to, launch delays, launch failures, and damage or destruction during launch, the occurrence of which can materially and adversely affect our business, financial condition, and results of operations63% rewritten
11Technical malfunctions, performance failures, or other issues or difficulties with our ground stations could harm our business, financial condition, and results of operations40% rewritten
12We rely on third parties for our supply of certain of our data, equipment, satellite components, software, and operational services, and any failure, delay, or interruption with these third parties could adversely affect our business, financial condition, and results of operations70% rewritten
13We primarily manufacture our satellites in-house at a single manufacturing facility in the United Kingdom. Any impairment to this manufacturing facility, or our inability to grow manufacturing capabilities at other facilities, would materially affect our business, financial condition, and results of operationsNew
14Any failure to obtain, maintain, protect, or enforce our intellectual property and proprietary rights could harm our business, financial condition, and results of operations79% rewritten
15Our services and technology contain third-party open source software components, and failure to comply with the terms of the underlying open source software licenses could restrict our ability to deliver our platform or subject us to litigation or other actions78% rewritten
16Issues in the use of AI, including machine learning, in our geospatial data and analytics platforms may negatively affect our businessNew
17We depend on our management team and other highly skilled personnel, and we may fail to attract, retain, motivate, or integrate highly skilled personnel, which could adversely affect our business, financial condition, and results of operations88% rewritten

Risks Related to Legal, Regulatory, Compliance, and Other Matters

18Our business is subject to a wide range of laws and regulations, many of which are evolving, and failure to comply with such laws and regulations could harm our business, financial condition, and results of operations95% rewritten
19Further, because the regulatory schemes vary by country, we may be subject to regulations in foreign countries of which we are not presently aware that we are not in compliance with, and as a result could be subject to sanctions by a foreign government99% rewritten
20We have been involved, are currently involved, and may in the future become involved, in claims, lawsuits, government investigations, and other proceedings that could adversely affect our business, financial condition, and results of operations83% rewritten
21Our contracts with government entities are subject to a number of risks and uncertainties95% rewritten
22We are subject to governmental export and import controls that would impair our ability to compete in international markets or subject us to liability if we do not maintain the required authorizations or compliance with applicable laws75% rewritten
23We are subject to anti-corruption, anti-bribery, anti-money laundering, and similar laws, the non-compliance with which could adversely affect our business, financial condition, results of operations, and growth prospects82% rewritten
24Any actual or perceived security or privacy breach or incident could adversely affect our business, financial condition, and results of operationsNew

Risks Relating to Financial and Accounting Matters

25Our current insurance does not protect us against all losses that we may experience, including, but not limited to, satellite related losses52% rewritten
26Our marketable securities portfolio is subject to credit, liquidity, market, and interest rate risks that could cause its value to decline significantly and materially adversely affect our business, financial condition, and results of operationsNew
27We face fluctuations in currency exchange rates, which could adversely affect our business, financial condition, and results of operations31% rewritten
28Certain Space Services contracts are highly customized and require significant judgment in determining the appropriate accounting treatment, which could increase the risk of material misstatements in our consolidated financial statements63% rewritten
29Each of our material weaknesses could result in a misstatement of substantially all of our accounts or disclosures that would result in a material misstatement to the annual or interim consolidated financial statements that would not be prevented or detectedNew
30Our failure to maintain an effective system of disclosure controls and ICFR has in the past impaired, and could impair in the future, our ability to produce timely and accurate financial statements or comply with applicable regulations69% rewritten
31Our metrics and estimates used to evaluate our performance and to make results of operations projections could be subject to real or perceived inaccuracies that may harm our reputation and negatively affect our businessNew

Risks Related to Our Common Stock and Reporting Status

32specifying that special meetings of our stockholders can be called only by a majority of our board of directors, the chairperson of our board of directors, or our president89% rewritten
33We are subject to the continued listing standards of the NYSE and our failure to satisfy these requirements could result in delisting, which would adversely impact our stock price, liquidity, and ability to obtain capitalNew
34limit our ability to raise funds through the sale of equity or securities convertible into equity and the terms of any such fundraising, and adversely impact the liquidity and market price of our Class A common stockNew

Other Spire Global 10-Ks

FY2024 10-K risk factors
83 risks
Spire Global faces substantial going concern doubt, net losses, and dependency on a limited number of government customers.
Filed Mar 31, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.