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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Spire Global's Net Income for the three months ended in Mar. 2024 was $-25.3 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $-71.5 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Spire Global's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $-1.16.
The historical data trend for Spire Global's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Spire Global Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Net Income | -32.50 | -38.09 | -89.41 | -63.96 |
Spire Global Quarterly Data | |||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Income | Get a 7-Day Free Trial | -17.67 | -16.27 | -17.80 | -12.22 | -25.26 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Spire Global's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -63.884 | + | -0.072 | + | 0 | + | 0 |
= | -64.0 |
Spire Global's Net Income for the quarter that ended in Mar. 2024 is calculated as
Net Income | (Q: Mar. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -25.215 | + | -0.041 | + | 0 | + | 0 |
= | -25.3 |
Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-71.5 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Spire Global (NYSE:SPIR) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Spire Global's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as
Earnings per Share (Diluted) (Q: Mar. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (-25.256 | - | 0) | / | 21.813 | |
= | -1.16 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Spire Global's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Leonardo Basola | officer: Chief Financial Officer | 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182 |
Boyd C. Johnson | officer: CLO and Corporate Secretary | 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182 |
Theresa Condor | director, officer: EVP, GM Spire Space Services | 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103 |
Peter Platzer | director, officer: Chief Executive Officer | 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103 |
Thomas Krywe | officer: Chief Financial Officer | 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103 |
Joan Lordi Amble | director | AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285 |
Jack Pearlstein | director | 2525 NETWORK PLACE, HERNDON VA 20171 |
Dirk Hoke | director | 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103 |
Elizabeth Ananda Martin | officer: General Counsel | 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182 |
John F Lusk | officer: VP & GM, Global Data Services | 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103 |
Keith E Johnson | officer: VP & General Manager, Federal | 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103 |
William Porteous | director | 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103 |
Stephen Messer | director | 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103 |
William P Crowell | other: See Remarks | 41343 RASPBERRY DR, LEESBURG VA 20176 |
Six4 Holdings, Llc | other: See Remarks | 12020 SUNRISE VALLEY DRIVE, SUITE 100, RESTON VA 20191 |
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