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Side-by-side financial comparison of John Marshall Bancorp, Inc. (JMSB) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
John Marshall Bancorp, Inc. is the larger business by last-quarter revenue ($16.8M vs $15.8M, roughly 1.1× Spire Global, Inc.). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs -176.6%, a 213.0% gap on every dollar of revenue. Over the past eight quarters, John Marshall Bancorp, Inc.'s revenue compounded faster (15.3% CAGR vs -32.6%).
John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
JMSB vs SPIR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.8M | $15.8M |
| Net Profit | $6.1M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | — | -164.1% |
| Net Margin | 36.3% | -176.6% |
| Revenue YoY | — | -26.9% |
| Net Profit YoY | 26.8% | 42.7% |
| EPS (diluted) | $0.43 | $-0.85 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $16.8M | — | ||
| Q4 25 | $16.4M | $15.8M | ||
| Q3 25 | $16.3M | $12.7M | ||
| Q2 25 | $15.4M | $19.2M | ||
| Q1 25 | $14.6M | $23.9M | ||
| Q4 24 | $14.3M | $21.7M | ||
| Q3 24 | $13.8M | $28.6M | ||
| Q2 24 | $12.6M | $25.4M |
| Q1 26 | $6.1M | — | ||
| Q4 25 | $5.9M | $-28.0M | ||
| Q3 25 | $5.4M | $-19.7M | ||
| Q2 25 | $5.1M | $119.6M | ||
| Q1 25 | $4.8M | $-20.7M | ||
| Q4 24 | $4.8M | $-48.8M | ||
| Q3 24 | $4.2M | $-12.5M | ||
| Q2 24 | $3.9M | $-16.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% |
| Q1 26 | — | — | ||
| Q4 25 | 47.4% | -164.1% | ||
| Q3 25 | 42.2% | -166.1% | ||
| Q2 25 | 42.7% | -122.7% | ||
| Q1 25 | 42.4% | -106.5% | ||
| Q4 24 | 42.5% | -144.1% | ||
| Q3 24 | 38.8% | -48.0% | ||
| Q2 24 | 39.7% | -48.6% |
| Q1 26 | 36.3% | — | ||
| Q4 25 | 36.2% | -176.6% | ||
| Q3 25 | 33.2% | -155.3% | ||
| Q2 25 | 33.1% | 623.4% | ||
| Q1 25 | 32.9% | -86.5% | ||
| Q4 24 | 33.3% | -225.2% | ||
| Q3 24 | 30.7% | -43.7% | ||
| Q2 24 | 30.9% | -65.2% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.41 | $-0.85 | ||
| Q3 25 | $0.38 | $-0.61 | ||
| Q2 25 | $0.36 | $3.72 | ||
| Q1 25 | $0.34 | $-0.77 | ||
| Q4 24 | $0.33 | $-1.93 | ||
| Q3 24 | $0.30 | $-0.50 | ||
| Q2 24 | $0.27 | $-0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $150.2M | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $268.1M | $112.9M |
| Total Assets | $2.4B | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.2M | — | ||
| Q4 25 | $130.0M | $81.8M | ||
| Q3 25 | $163.6M | $96.8M | ||
| Q2 25 | $116.9M | $117.6M | ||
| Q1 25 | $169.1M | $35.9M | ||
| Q4 24 | $122.5M | $19.2M | ||
| Q3 24 | $177.2M | $36.6M | ||
| Q2 24 | $182.6M | $45.8M |
| Q1 26 | — | — | ||
| Q4 25 | $80.9M | — | ||
| Q3 25 | $80.9M | — | ||
| Q2 25 | $80.8M | — | ||
| Q1 25 | $80.8M | $103.7M | ||
| Q4 24 | $80.8M | $103.1M | ||
| Q3 24 | $80.8M | $4.9M | ||
| Q2 24 | $24.7M | $4.9M |
| Q1 26 | $268.1M | — | ||
| Q4 25 | $265.6M | $112.9M | ||
| Q3 25 | $259.7M | $133.1M | ||
| Q2 25 | $253.7M | $149.2M | ||
| Q1 25 | $253.0M | $3.7M | ||
| Q4 24 | $246.6M | $-11.7M | ||
| Q3 24 | $243.1M | $30.8M | ||
| Q2 24 | $235.3M | $40.3M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $211.0M | ||
| Q3 25 | $2.3B | $224.3M | ||
| Q2 25 | $2.3B | $239.5M | ||
| Q1 25 | $2.3B | $208.8M | ||
| Q4 24 | $2.2B | $193.6M | ||
| Q3 24 | $2.3B | $224.2M | ||
| Q2 24 | $2.3B | $230.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.32× | 27.92× | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.33× | 0.16× | ||
| Q2 24 | 0.11× | 0.12× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | — | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $22.6M | $-4.3M | ||
| Q3 25 | $1.2M | $-12.0M | ||
| Q2 25 | $7.5M | $-35.1M | ||
| Q1 25 | $7.0M | $-8.4M | ||
| Q4 24 | $17.3M | $-19.2M | ||
| Q3 24 | $1.4M | $14.0M | ||
| Q2 24 | $10.2M | $-4.4M |
| Q1 26 | — | — | ||
| Q4 25 | $22.0M | $-16.2M | ||
| Q3 25 | $1.2M | $-20.4M | ||
| Q2 25 | $7.4M | $-38.7M | ||
| Q1 25 | $6.6M | $-17.3M | ||
| Q4 24 | $16.8M | $-24.3M | ||
| Q3 24 | $1.3M | $5.1M | ||
| Q2 24 | $10.1M | $-9.9M |
| Q1 26 | — | — | ||
| Q4 25 | 134.7% | -102.1% | ||
| Q3 25 | 7.3% | -161.3% | ||
| Q2 25 | 47.8% | -201.7% | ||
| Q1 25 | 45.3% | -72.6% | ||
| Q4 24 | 116.9% | -112.2% | ||
| Q3 24 | 9.5% | 17.8% | ||
| Q2 24 | 80.1% | -39.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 75.1% | ||
| Q3 25 | 0.2% | 66.2% | ||
| Q2 25 | 1.0% | 18.8% | ||
| Q1 25 | 2.3% | 37.3% | ||
| Q4 24 | 3.4% | 23.5% | ||
| Q3 24 | 0.8% | 31.2% | ||
| Q2 24 | 0.4% | 21.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.82× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 1.48× | -0.29× | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 3.61× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 2.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JMSB
| Net Interest Income | $16.5M | 98% |
| Noninterest Income | $284.0K | 2% |
SPIR
Segment breakdown not available.
