Spire Global (SPIR) reported a Q1 non-GAAP net loss Wednesday of $0.37 per diluted share, narrowing from a loss of $0.66 a year earlier.

Three analysts polled by FactSet expected a loss of $0.49.

Revenue for the quarter ended March 31 was $15.8 million, down from $23.9 million a year earlier.

Analysts surveyed by FactSet expected $15.1 million.

For 2026, the company expects a non-GAAP net loss per share of $0.79 to $0.93 on revenue of $75 million to $85 million. Three analysts expect a loss of $1.31 and five analysts expect revenue of $78.6 million.