PerpEquities

Equity

Spire Global, Inc. (SPIR) perpetual futures

SPIR perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SPIRUSDT.

Spire Global, Inc. tracked across crypto venues with normalized contract specifications.

$12.250.0%NYSE closed
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Collecting venue price data...
venue perp mark · Bitget (SPIR/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$21.4K
Open interest
$14.3K
Best liquidity
$319.4
Bitget
Tightest spread
+59.7 bps
Bitget
Highest volume
$21.4K
Bitget
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $10.4M
OI / float
0.00%
Float $328.6M
Spot performance
1D0.00%
5D-0.33%
1M-12.41%
6M-4.76%
YTD+62.80%
1Y+1.75%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitgetTradeSPIR/USDTTrading$12.250.0% APR
0.000% every 8h
+59.7 bps$319.4$21.4K$14.3KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Bitget

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

SPIR

Tightest spread

SPIR

Highest volume

SPIR

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$397.3M
Updated 1h ago
Revenue
$62.4M
Trailing 12 months
Revenue growth
+12%
Next fiscal year
Profit margin
-145.2%
P/E
-4.6
Peer P/E -1.1
Free cash flow
-$108.7M
Trailing 12 months
More metrics
Net income
-$90.6M
Trailing 12 months
P/S
6.4
Peer P/E
-1.1
Similar listed perps
Revenue estimate
$80M
Next fiscal year
Earnings
2026-11-11
Revenue est. $20.6M · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$71.6M
Net margin+71.7%
Free cash flow-$92.6M
Net debt-$11.4M
2020$28.5M
2021$43.4M
2022$70.8M
2023$97.6M
2024$110.5M
2025$71.6M
PeriodRevenueGrowthNet incomeFCF
2020$28.5M+54%-$32.5M-$25.2M
2021$43.4M+52%-$38.1M-$73.6M
2022$70.8M+63%-$99M-$66.7M
2023$97.6M+38%-$77.6M-$53.7M
2024$110.5M+13%-$102.8M-$45M
2025$71.6M-35%$51.3M-$92.6M
PeriodGross marginOperating marginNet marginROEROA
2020+63.9%-91.3%-114.1%+66.7%-73.2%
2021+56.8%-156.4%-87.8%-20.0%-13.1%
2022+24.2%-111.5%-139.9%-108.6%-38.7%
2023+39.5%-60.2%-79.5%-205.3%-32.4%
2024+36.1%-52.5%-93.1%+879.8%-53.1%
2025+40.8%-121.4%+71.7%+45.4%+24.3%
PeriodCashDebtNet debtCurrent ratio
2020$15.6M$75.3M$59.7M1.68
2021$109.3M$51.1M-$58.1M5.28
2022$47.2M$111.6M$64.4M2.46
2023$29.1M$130.7M$101.6M1.47
2024$19.2M$111.4M$92.2M0.61
2025$24.8M$13.4M-$11.4M1.30
PeriodMarket capEnterprise valueP/SP/E
2020$176.8M$236.5M6.2-5.4
2021$210M$151.9M4.8-5.5
2022$134.3M$198.7M1.9-1.4
2023$153.1M$254.7M1.6-2.0
2024$339.9M$432.1M3.1-3.3
2025$231.8M$220.4M3.24.5
Q3 2024$28.6M
Q4 2024$21.7M
Q1 2025$23.9M
Q2 2025$19.2M
Q3 2025$12.7M
Q4 2025$15.8M
Q1 2026$15.8M
Q2 2026$18M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$28.6M+29%-$12.5M$5.1M
Q4 2024$21.7M-11%-$48.2M-$24.3M
Q1 2025$23.9M-31%-$20.7M-$17.3M
Q2 2025$19.2M-24%$119.2M-$38.7M
Q3 2025$12.7M-56%-$19.7M-$29.5M
Q4 2025$15.8M-27%-$25.1M-$16.2M
Q1 2026$15.8M-34%-$25.8M-$34.2M
Q2 2026$18M-6%-$20M-$28.8M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+44.5%-48.0%-43.7%-40.4%-5.6%
Q4 2024+32.4%-141.6%-222.7%+412.8%-24.9%
Q1 2025+36.8%-106.5%-86.5%-371.9%-9.9%
Q2 2025+48.9%-99.2%+621.2%+79.8%+49.7%
Q3 2025+36.6%-166.1%-155.3%-14.8%-8.8%
Q4 2025+40.6%-128.0%-158.6%-22.2%-11.9%
Q1 2026+39.8%-108.4%-163.2%-28.3%-14.1%
Q2 2026+34.1%-110.2%-110.6%-13.8%-8.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$29.1M$111.1M$82.1M0.40
Q4 2024$19.2M$111.4M$92.2M0.61
Q1 2025$35.9M$113M$77M0.67
Q2 2025$36.1M$13.5M-$22.6M2.43
Q3 2025$20.3M$12.5M-$7.8M1.90
Q4 2025$24.8M$13.4M-$11.4M1.30
Q1 2026$16M$11.8M-$4.3M0.94
Q2 2026$38.8M$6.8M-$32M1.87
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$249M$331M8.7-5.0
Q4 2024$361.8M$454M16.7-1.9
Q1 2025$216.7M$293.8M9.1-2.6
Q2 2025$373.6M$351M19.50.8
Q3 2025$357.2M$349.4M28.2-4.5
Q4 2025$246.5M$235.1M15.6-2.5
Q1 2026$418.5M$414.3M26.4-4.0
Q2 2026$712.3M$680.3M39.5-8.9

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$18MQ2 2026
$8.7M$17.4M$26.1M$34.8MQ3 2023: $22.1MQ4 2023: $24.2MQ1 2024: $34.8MQ2 2024: $25.4MQ3 2024: $28.6MQ4 2024: $21.7MQ1 2025: $23.9MQ2 2025: $19.2MQ3 2025: $12.7MQ4 2025: $15.8MQ1 2026: $15.8MQ2 2026: $18MQ3 2023Q2 2026
Net income-$20MQ2 2026
-$6.4M$35.5M$77.3M$119.2MQ3 2023: -$23.3MQ4 2023: -$17.2MQ1 2024: -$25.5MQ2 2024: -$16.6MQ3 2024: -$12.5MQ4 2024: -$48.2MQ1 2025: -$20.7MQ2 2025: $119.2MQ3 2025: -$19.7MQ4 2025: -$25.1MQ1 2026: -$25.8MQ2 2026: -$20MQ3 2023Q2 2026
EBITDA-$19.7MQ2 2026
$15.1M$52.2M$89.3M$126.4MQ3 2023: -$13.8MQ4 2023: -$5.1MQ1 2024: -$12.9MQ2 2024: -$5.1MQ3 2024: -$1.4MQ4 2024: -$21.5MQ1 2025: -$9.8MQ2 2025: $126.4MQ3 2025: -$16MQ4 2025: -$19.6MQ1 2026: -$22MQ2 2026: -$19.7MQ3 2023Q2 2026
Free cash flow-$28.8MQ2 2026
-$27.7M-$16.8M-$5.9M$5.1MQ3 2023: -$16.2MQ4 2023: -$2.2MQ1 2024: -$15.9MQ2 2024: -$9.9MQ3 2024: $5.1MQ4 2024: -$24.3MQ1 2025: -$17.3MQ2 2025: -$38.7MQ3 2025: -$29.5MQ4 2025: -$16.2MQ1 2026: -$34.2MQ2 2026: -$28.8MQ3 2023Q2 2026
EPS-$0.52Q2 2026
-$0.48$0.92$2.32$3.72Q3 2023: -$1.12Q4 2023: -$0.82Q1 2024: -$1.17Q2 2024: -$0.68Q3 2024: -$0.5Q4 2024: -$1.88Q1 2025: -$0.77Q2 2025: $3.72Q3 2025: -$0.61Q4 2025: -$0.76Q1 2026: -$0.78Q2 2026: -$0.52Q3 2023Q2 2026
Cash / Debt$38.8MQ2 2026
$33.4M$66.8M$100.2M$133.6MQ3 2023 · Cash: $29.9MQ3 2023 · Debt: $133.6MQ4 2023 · Cash: $29.1MQ4 2023 · Debt: $130.7MQ1 2024 · Cash: $52MQ1 2024 · Debt: $130.9MQ2 2024 · Cash: $23.5MQ2 2024 · Debt: $121.1MQ3 2024 · Cash: $29.1MQ3 2024 · Debt: $111.1MQ4 2024 · Cash: $19.2MQ4 2024 · Debt: $111.4MQ1 2025 · Cash: $35.9MQ1 2025 · Debt: $113MQ2 2025 · Cash: $36.1MQ2 2025 · Debt: $13.5MQ3 2025 · Cash: $20.3MQ3 2025 · Debt: $12.5MQ4 2025 · Cash: $24.8MQ4 2025 · Debt: $13.4MQ1 2026 · Cash: $16MQ1 2026 · Debt: $11.8MQ2 2026 · Cash: $38.8MQ2 2026 · Debt: $6.8MQ3 2023Q2 2026
CashDebt
Profitability+34.1%Q2 2026
-11.7%+199.2%+410.2%+621.2%Q3 2023 · Gross margin: +42.9%Q4 2023 · Gross margin: +26.6%Q1 2024 · Gross margin: +26.5%Q2 2024 · Gross margin: +43.0%Q3 2024 · Gross margin: +44.5%Q4 2024 · Gross margin: +32.4%Q1 2025 · Gross margin: +36.8%Q2 2025 · Gross margin: +48.9%Q3 2025 · Gross margin: +36.6%Q4 2025 · Gross margin: +40.6%Q1 2026 · Gross margin: +39.8%Q2 2026 · Gross margin: +34.1%Q3 2023 · Operating margin: -76.0%Q4 2023 · Operating margin: -54.0%Q1 2024 · Operating margin: -34.4%Q2 2024 · Operating margin: -48.6%Q3 2024 · Operating margin: -48.0%Q4 2024 · Operating margin: -141.6%Q1 2025 · Operating margin: -106.5%Q2 2025 · Operating margin: -99.2%Q3 2025 · Operating margin: -166.1%Q4 2025 · Operating margin: -128.0%Q1 2026 · Operating margin: -108.4%Q2 2026 · Operating margin: -110.2%Q3 2023 · Net margin: -105.5%Q4 2023 · Net margin: -71.0%Q1 2024 · Net margin: -73.3%Q2 2024 · Net margin: -65.2%Q3 2024 · Net margin: -43.7%Q4 2024 · Net margin: -222.7%Q1 2025 · Net margin: -86.5%Q2 2025 · Net margin: +621.2%Q3 2025 · Net margin: -155.3%Q4 2025 · Net margin: -158.6%Q1 2026 · Net margin: -163.2%Q2 2026 · Net margin: -110.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-5.9%Q2 2026
-34.5%-13.3%+7.9%+29.1%Q3 2024: +29.1%Q4 2024: -10.5%Q1 2025: -31.4%Q2 2025: -24.5%Q3 2025: -55.6%Q4 2025: -26.9%Q1 2026: -33.7%Q2 2026: -5.9%Q3 2023Q2 2026
Shares outstanding38.3MQ2 2026
9.6M19.1M28.7M38.3MQ3 2023: 20.8MQ4 2023: 21MQ1 2024: 21.8MQ2 2024: 24.5MQ3 2024: 24.9MQ4 2024: 25.7MQ1 2025: 26.8MQ2 2025: 32.1MQ3 2025: 32.5MQ4 2025: 32.9MQ1 2026: 33.3MQ2 2026: 38.3MQ3 2023Q2 2026
Valuation-8.9Q2 2026
3.215.327.439.5Q3 2023 · P/E: -1.1Q4 2023 · P/E: -2.4Q1 2024 · P/E: -2.5Q2 2024 · P/E: -3.8Q3 2024 · P/E: -5.0Q4 2024 · P/E: -1.9Q1 2025 · P/E: -2.6Q2 2025 · P/E: 0.8Q3 2025 · P/E: -4.5Q4 2025 · P/E: -2.5Q1 2026 · P/E: -4.0Q2 2026 · P/E: -8.9Q3 2023 · P/S: 4.6Q4 2023 · P/S: 6.8Q1 2024 · P/S: 7.3Q2 2024 · P/S: 9.9Q3 2024 · P/S: 8.7Q4 2024 · P/S: 16.7Q1 2025 · P/S: 9.1Q2 2025 · P/S: 19.5Q3 2025 · P/S: 28.2Q4 2025 · P/S: 15.6Q1 2026 · P/S: 26.4Q2 2026 · P/S: 39.5Q3 2023Q2 2026
P/EP/S
Revenue$71.6M2025
$27.6M$55.2M$82.8M$110.5M2019: $18.5M2020: $28.5M2021: $43.4M2022: $70.8M2023: $97.6M2024: $110.5M2025: $71.6M20192025
Net income$51.3M2025
-$64.3M-$25.8M$12.8M$51.3M2019: -$32.3M2020: -$32.5M2021: -$38.1M2022: -$99M2023: -$77.6M2024: -$102.8M2025: $51.3M20192025
EBITDA$77.8M2025
-$28.6M$6.9M$42.3M$77.8M2019: -$17M2020: -$19.8M2021: -$17.7M2022: -$64.1M2023: -$37.5M2024: -$55.7M2025: $77.8M20192025
Free cash flow-$92.6M2025
-$69.5M-$46.3M-$23.2M2019: -$26.4M2020: -$25.2M2021: -$73.6M2022: -$66.7M2023: -$53.7M2024: -$45M2025: -$92.6M20192025
EPS$1.492025
-$18.4-$11.8-$5.16$1.492019: -$25.12020: -$14.72021: -$4.92022: -$5.662023: -$3.962024: -$4.262025: $1.4920192025
Cash / Debt$24.8M2025
$32.7M$65.3M$98M$130.7M2019 · Cash: $23.9M2019 · Debt: $57.4M2020 · Cash: $15.6M2020 · Debt: $75.3M2021 · Cash: $109.3M2021 · Debt: $51.1M2022 · Cash: $47.2M2022 · Debt: $111.6M2023 · Cash: $29.1M2023 · Debt: $130.7M2024 · Cash: $19.2M2024 · Debt: $111.4M2025 · Cash: $24.8M2025 · Debt: $13.4M20192025
CashDebt
Profitability+40.8%2025
-113.2%-51.5%+10.1%+71.7%2019 · Gross margin: +19.6%2020 · Gross margin: +63.9%2021 · Gross margin: +56.8%2022 · Gross margin: +24.2%2023 · Gross margin: +39.5%2024 · Gross margin: +36.1%2025 · Gross margin: +40.8%2019 · Operating margin: -159.3%2020 · Operating margin: -91.3%2021 · Operating margin: -156.4%2022 · Operating margin: -111.5%2023 · Operating margin: -60.2%2024 · Operating margin: -52.5%2025 · Operating margin: -121.4%2019 · Net margin: -174.8%2020 · Net margin: -114.1%2021 · Net margin: -87.8%2022 · Net margin: -139.9%2023 · Net margin: -79.5%2024 · Net margin: -93.1%2025 · Net margin: +71.7%20192025
Gross marginOperating marginNet margin
Revenue growth-35.2%2025
-10.6%+14.0%+38.6%+63.2%2020: +54.1%2021: +52.2%2022: +63.2%2023: +37.9%2024: +13.2%2025: -35.2%20192025
Shares outstanding32M2025
8M16M24M32M2019: 1.3M2020: 2.2M2021: 7.8M2022: 17.5M2023: 19.6M2024: 24.2M2025: 32M20192025
Valuation4.52025
-2.60.33.36.22019 · P/E: -3.02020 · P/E: -5.42021 · P/E: -5.52022 · P/E: -1.42023 · P/E: -2.02024 · P/E: -3.32025 · P/E: 4.52019 · P/S: 5.32020 · P/S: 6.22021 · P/S: 4.82022 · P/S: 1.92023 · P/S: 1.62024 · P/S: 3.12025 · P/S: 3.220192025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-11
Revenue est. $20.6M · Updated 1h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-1.02$80M+12%2
FY 2027-0.39$99.7M+39%2
Q2 2026-0.27$18.1M-5%1
Q3 2026-0.22$20.6M+62%1
Q4 2026-0.10$25.5M+61%1
Q1 2027-0.13$23M+45%1

Company events

6
2026-12-16EarningsActual - / Estimate -0.23-
2026-11-11EarningsActual - / Estimate -0.22-
2026-08-12EarningsActual -0.31 / Estimate -0.27Miss
2026-05-13EarningsActual -0.37 / Estimate -0.49Beat
2026-03-18EarningsActual -0.39 / Estimate -0.49Beat
2025-12-17EarningsActual -0.33 / Estimate -0.33In line

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering SPIR have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings39132
Analysts58
Buy / hold / sell35 / 4 / 0115 / 17 / 0
Upgrades / downgrades / initiations0 / 1 / 11 / 4 / 5
Price targets hit / missed7 / 20 (26%)15 / 81 (16%)
Avg. return after a rating (TipRanks)-20.4%-24.7%
Best / worst call+35.6% / -49.2%+103.4% / -53.1%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 23, 2026Erik RasmussenStifel NicolausBuyMaintained$24.00
Sep 17, 2026Jeff Van RheeCraig-HallumBuyMaintained
Sep 3, 2026Brian KinstlingerAlliance Global PartnersHoldMaintained$15.00
Aug 27, 2026Erik RasmussenStifel NicolausBuyMaintained$24.00
Aug 17, 2026Austin MoellerCanaccord GenuityBuyMaintained$22.50

TipRanks data via FMP · computed Sep 23, 2026 · 39 ratings

Frequently asked questions

Where can I trade SPIR perpetual futures?

Spire Global, Inc. (SPIR) perpetual futures trade on 1 crypto venues, including Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade SPIR around the clock?

Yes. Unlike the underlying stock, SPIR perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on SPIR perpetuals?

Right now the SPIR perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the SPIR perp price compare to the Spire Global, Inc. stock?

The venue-median SPIR perp mark is $12.3 versus a reference stock price of $12.3, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a SPIR perpetual future?

A SPIR perpetual is a derivative that tracks the price of Spire Global, Inc. with no expiry date. It lets you take long or short exposure to Spire Global, Inc. on crypto venues, around the clock.

What is SPIRUSDT perpetual?

SPIRUSDT is the symbol most crypto exchanges use for the Spire Global, Inc. perpetual settled in USDT (Tether). It tracks the SPIR share price through an index, trades 24/7 with leverage and never expires.

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