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Side-by-side financial comparison of Navitas Semiconductor Corp (NVTS) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $8.6M, roughly 1.8× Navitas Semiconductor Corp). On growth, Spire Global, Inc. posted the faster year-over-year revenue change (-26.9% vs -38.7%). Over the past eight quarters, Spire Global, Inc.'s revenue compounded faster (-32.6% CAGR vs -35.2%).
Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.
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.
NVTS vs SPIR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.6M | $15.8M |
| Net Profit | — | $-28.0M |
| Gross Margin | 98.6% | 40.2% |
| Operating Margin | -260.6% | -164.1% |
| Net Margin | — | -176.6% |
| Revenue YoY | -38.7% | -26.9% |
| Net Profit YoY | — | 42.7% |
| EPS (diluted) | — | $-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 | $8.6M | — | ||
| Q4 25 | $7.3M | $15.8M | ||
| Q3 25 | $10.1M | $12.7M | ||
| Q2 25 | $14.5M | $19.2M | ||
| Q1 25 | $14.0M | $23.9M | ||
| Q4 24 | $18.0M | $21.7M | ||
| Q3 24 | $21.7M | $28.6M | ||
| Q2 24 | $20.5M | $25.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-31.8M | $-28.0M | ||
| Q3 25 | $-19.2M | $-19.7M | ||
| Q2 25 | $-49.1M | $119.6M | ||
| Q1 25 | $-16.8M | $-20.7M | ||
| Q4 24 | $-39.9M | $-48.8M | ||
| Q3 24 | $-18.7M | $-12.5M | ||
| Q2 24 | $-22.3M | $-16.6M |
| Q1 26 | 98.6% | — | ||
| Q4 25 | 38.1% | 40.2% | ||
| Q3 25 | 37.9% | 36.6% | ||
| Q2 25 | 16.1% | 48.9% | ||
| Q1 25 | 37.9% | 36.8% | ||
| Q4 24 | 12.4% | 32.4% | ||
| Q3 24 | 39.7% | 44.5% | ||
| Q2 24 | 39.0% | 43.0% |
| Q1 26 | -260.6% | — | ||
| Q4 25 | -567.3% | -164.1% | ||
| Q3 25 | -192.0% | -166.1% | ||
| Q2 25 | -149.4% | -122.7% | ||
| Q1 25 | -180.5% | -106.5% | ||
| Q4 24 | -216.9% | -144.1% | ||
| Q3 24 | -133.6% | -48.0% | ||
| Q2 24 | -152.1% | -48.6% |
| Q1 26 | — | — | ||
| Q4 25 | -436.1% | -176.6% | ||
| Q3 25 | -190.2% | -155.3% | ||
| Q2 25 | -338.7% | 623.4% | ||
| Q1 25 | -120.1% | -86.5% | ||
| Q4 24 | -221.7% | -225.2% | ||
| Q3 24 | -86.4% | -43.7% | ||
| Q2 24 | -109.1% | -65.2% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.14 | $-0.85 | ||
| Q3 25 | $-0.09 | $-0.61 | ||
| Q2 25 | $-0.25 | $3.72 | ||
| Q1 25 | $-0.09 | $-0.77 | ||
| Q4 24 | $-0.22 | $-1.93 | ||
| Q3 24 | $-0.10 | $-0.50 | ||
| Q2 24 | $-0.12 | $-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 | $221.0M | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $420.0M | $112.9M |
| Total Assets | $481.4M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $221.0M | — | ||
| Q4 25 | $236.9M | $81.8M | ||
| Q3 25 | $150.6M | $96.8M | ||
| Q2 25 | $161.2M | $117.6M | ||
| Q1 25 | $75.1M | $35.9M | ||
| Q4 24 | $86.7M | $19.2M | ||
| Q3 24 | $98.3M | $36.6M | ||
| Q2 24 | $111.7M | $45.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M |
| Q1 26 | $420.0M | — | ||
| Q4 25 | $443.7M | $112.9M | ||
| Q3 25 | $371.0M | $133.1M | ||
| Q2 25 | $388.9M | $149.2M | ||
| Q1 25 | $341.8M | $3.7M | ||
| Q4 24 | $348.0M | $-11.7M | ||
| Q3 24 | $380.8M | $30.8M | ||
| Q2 24 | $388.1M | $40.3M |
| Q1 26 | $481.4M | — | ||
| Q4 25 | $500.5M | $211.0M | ||
| Q3 25 | $430.2M | $224.3M | ||
| Q2 25 | $449.4M | $239.5M | ||
| Q1 25 | $370.8M | $208.8M | ||
| Q4 24 | $390.0M | $193.6M | ||
| Q3 24 | $419.4M | $224.2M | ||
| Q2 24 | $439.1M | $230.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 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 | $-8.1M | $-4.3M | ||
| Q3 25 | $-10.0M | $-12.0M | ||
| Q2 25 | $-11.2M | $-35.1M | ||
| Q1 25 | $-13.5M | $-8.4M | ||
| Q4 24 | $-10.2M | $-19.2M | ||
| Q3 24 | $-13.7M | $14.0M | ||
| Q2 24 | $-15.1M | $-4.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.2M | $-16.2M | ||
| Q3 25 | $-10.7M | $-20.4M | ||
| Q2 25 | $-11.9M | $-38.7M | ||
| Q1 25 | $-13.6M | $-17.3M | ||
| Q4 24 | $-10.8M | $-24.3M | ||
| Q3 24 | $-14.3M | $5.1M | ||
| Q2 24 | $-17.9M | $-9.9M |
| Q1 26 | — | — | ||
| Q4 25 | -111.8% | -102.1% | ||
| Q3 25 | -106.1% | -161.3% | ||
| Q2 25 | -82.2% | -201.7% | ||
| Q1 25 | -96.8% | -72.6% | ||
| Q4 24 | -59.8% | -112.2% | ||
| Q3 24 | -65.9% | 17.8% | ||
| Q2 24 | -87.3% | -39.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 75.1% | ||
| Q3 25 | 7.0% | 66.2% | ||
| Q2 25 | 4.7% | 18.8% | ||
| Q1 25 | 0.3% | 37.3% | ||
| Q4 24 | 3.1% | 23.5% | ||
| Q3 24 | 2.6% | 31.2% | ||
| Q2 24 | 13.4% | 21.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
