Home / Going-concern warnings / Spire Global, Inc.
Filed 2026-03-19 路 Form 10-K 路 Accession 0001193125-26-116169 small
Price before filing: $10.74 (2026-03-18 close, split/dividend-adjusted)
Market cap at flag: $405.9M (2026-03-19) 路 Latest: $342.7M (2026-10-16)
| Window | SPIR | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +69.0% | +7.4% | +61.6% | 2026-04-20 |
| 90 days | +69.0% | +12.3% | +56.7% | 2026-06-17 |
| 180 days | +8.0% | +15.1% | -7.1% | 2026-09-15 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 4 insiders sold $1.2M (8 sales)
30 days after: 2 insiders sold $39K (2 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-12-22 | Condor Theresa Chief Executive Officer, Director | Sale | 1,202 | $8.24 | $10K | yes | Form 4 |
| 2025-12-22 | Platzer Peter Executive Chairman, Director | Sale | 1,802 | $8.24 | $15K | yes | Form 4 |
| 2026-01-21 | Condor Theresa Chief Executive Officer, Director | Sale | 1,201 | $12.10 | $15K | yes | Form 4 |
| 2026-01-21 | Platzer Peter Executive Chairman, Director | Sale | 1,801 | $12.10 | $22K | yes | Form 4 |
| 2026-02-20 | Condor Theresa Chief Executive Officer, Director | Sale | 41,712 | $8.53 | $356K | yes | Form 4 |
| 2026-02-20 | Oehme Johann Gabriel Chief Technology Officer | Sale | 12,757 | $8.53 | $109K | yes | Form 4 |
| 2026-02-20 | Pelez Perez Celia Chief Operating Officer | Sale | 19,134 | $8.53 | $163K | yes | Form 4 |
| 2026-02-20 | Platzer Peter Executive Chairman, Director | Sale | 58,428 | $8.53 | $498K | yes | Form 4 |
| 2026-03-19: red flag filed | |||||||
| 2026-03-20 | Condor Theresa Chief Executive Officer, Director | Sale | 1,201 | $12.86 | $15K | yes | Form 4 |
| 2026-03-20 | Platzer Peter Executive Chairman, Director | Sale | 1,801 | $12.86 | $23K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-19 to 2026-04-18. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 2 (not presented herein) to the consolidated financial statements appearing under Item 8 of the Company's 2024 Annual Report on Form 10-K/A, the Company has a history of operating losses and negative cash flows from operations since inception that raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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