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Side-by-side financial comparison of Sachem Capital Corp. (SACH) 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 $12.0M, roughly 1.3× Sachem Capital Corp.). Sachem Capital Corp. runs the higher net margin — 8.3% vs -176.6%, a 184.9% gap on every dollar of revenue. On growth, Sachem Capital Corp. posted the faster year-over-year revenue change (-18.8% vs -26.9%). Over the past eight quarters, Sachem Capital Corp.'s revenue compounded faster (-13.4% CAGR vs -32.6%).

Sachem Head Capital Management is an American value-oriented investment management firm based in New York City, managed by Scott Ferguson.

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.

SACH vs SPIR — Head-to-Head

Bigger by revenue
SPIR
SPIR
1.3× larger
SPIR
$15.8M
$12.0M
SACH
Growing faster (revenue YoY)
SACH
SACH
+8.1% gap
SACH
-18.8%
-26.9%
SPIR
Higher net margin
SACH
SACH
184.9% more per $
SACH
8.3%
-176.6%
SPIR
Faster 2-yr revenue CAGR
SACH
SACH
Annualised
SACH
-13.4%
-32.6%
SPIR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SACH
SACH
SPIR
SPIR
Revenue
$12.0M
$15.8M
Net Profit
$997.0K
$-28.0M
Gross Margin
40.2%
Operating Margin
-3.1%
-164.1%
Net Margin
8.3%
-176.6%
Revenue YoY
-18.8%
-26.9%
Net Profit YoY
119.7%
42.7%
EPS (diluted)
$0.00
$-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.

Revenue
SACH
SACH
SPIR
SPIR
Q4 25
$15.8M
Q3 25
$12.0M
$12.7M
Q2 25
$10.8M
$19.2M
Q1 25
$11.4M
$23.9M
Q4 24
$10.8M
$21.7M
Q3 24
$14.8M
$28.6M
Q2 24
$15.1M
$25.4M
Q1 24
$16.8M
$34.8M
Net Profit
SACH
SACH
SPIR
SPIR
Q4 25
$-28.0M
Q3 25
$997.0K
$-19.7M
Q2 25
$1.9M
$119.6M
Q1 25
$904.0K
$-20.7M
Q4 24
$-36.1M
$-48.8M
Q3 24
$-5.1M
$-12.5M
Q2 24
$-3.1M
$-16.6M
Q1 24
$4.7M
$-25.5M
Gross Margin
SACH
SACH
SPIR
SPIR
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 24
26.5%
Operating Margin
SACH
SACH
SPIR
SPIR
Q4 25
-164.1%
Q3 25
-3.1%
-166.1%
Q2 25
9.9%
-122.7%
Q1 25
9.0%
-106.5%
Q4 24
-131.1%
-144.1%
Q3 24
-32.6%
-48.0%
Q2 24
-20.6%
-48.6%
Q1 24
25.4%
-34.4%
Net Margin
SACH
SACH
SPIR
SPIR
Q4 25
-176.6%
Q3 25
8.3%
-155.3%
Q2 25
17.5%
623.4%
Q1 25
7.9%
-86.5%
Q4 24
-335.6%
-225.2%
Q3 24
-34.2%
-43.7%
Q2 24
-20.2%
-65.2%
Q1 24
27.8%
-73.3%
EPS (diluted)
SACH
SACH
SPIR
SPIR
Q4 25
$-0.85
Q3 25
$0.00
$-0.61
Q2 25
$0.02
$3.72
Q1 25
$0.00
$-0.77
Q4 24
$-0.79
$-1.93
Q3 24
$-0.13
$-0.50
Q2 24
$-0.09
$-0.68
Q1 24
$0.08
$-1.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SACH
SACH
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$12.6M
$81.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$175.6M
$112.9M
Total Assets
$484.4M
$211.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SACH
SACH
SPIR
SPIR
Q4 25
$81.8M
Q3 25
$12.6M
$96.8M
Q2 25
$23.5M
$117.6M
Q1 25
$25.8M
$35.9M
Q4 24
$19.6M
$19.2M
Q3 24
$7.4M
$36.6M
Q2 24
$12.4M
$45.8M
Q1 24
$56.8M
$63.7M
Total Debt
SACH
SACH
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
$230.2M
$103.7M
Q4 24
$230.2M
$103.1M
Q3 24
$264.7M
$4.9M
Q2 24
$264.7M
$4.9M
Q1 24
$288.4M
$123.1M
Stockholders' Equity
SACH
SACH
SPIR
SPIR
Q4 25
$112.9M
Q3 25
$175.6M
$133.1M
Q2 25
$177.9M
$149.2M
Q1 25
$179.3M
$3.7M
Q4 24
$181.7M
$-11.7M
Q3 24
$220.6M
$30.8M
Q2 24
$230.2M
$40.3M
Q1 24
$237.4M
$52.5M
Total Assets
SACH
SACH
SPIR
SPIR
Q4 25
$211.0M
Q3 25
$484.4M
$224.3M
Q2 25
$501.8M
$239.5M
Q1 25
$491.4M
$208.8M
Q4 24
$492.0M
$193.6M
Q3 24
$555.5M
$224.2M
Q2 24
$586.3M
$230.8M
Q1 24
$626.5M
$252.3M
Debt / Equity
SACH
SACH
SPIR
SPIR
Q4 25
Q3 25
Q2 25
Q1 25
1.28×
27.92×
Q4 24
1.27×
Q3 24
1.20×
0.16×
Q2 24
1.15×
0.12×
Q1 24
1.21×
2.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SACH
SACH
SPIR
SPIR
Operating Cash FlowLast quarter
$4.9M
$-4.3M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-102.1%
Capex IntensityCapex / Revenue
75.1%
Cash ConversionOCF / Net Profit
4.95×
TTM Free Cash FlowTrailing 4 quarters
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SACH
SACH
SPIR
SPIR
Q4 25
$-4.3M
Q3 25
$4.9M
$-12.0M
Q2 25
$501.0K
$-35.1M
Q1 25
$191.0K
$-8.4M
Q4 24
$12.9M
$-19.2M
Q3 24
$2.3M
$14.0M
Q2 24
$7.0M
$-4.4M
Q1 24
$4.2M
$-8.8M
Free Cash Flow
SACH
SACH
SPIR
SPIR
Q4 25
$-16.2M
Q3 25
$-20.4M
Q2 25
$-38.7M
Q1 25
$-17.3M
Q4 24
$-24.3M
Q3 24
$5.1M
Q2 24
$-9.9M
Q1 24
$-15.9M
FCF Margin
SACH
SACH
SPIR
SPIR
Q4 25
-102.1%
Q3 25
-161.3%
Q2 25
-201.7%
Q1 25
-72.6%
Q4 24
-112.2%
Q3 24
17.8%
Q2 24
-39.0%
Q1 24
-45.7%
Capex Intensity
SACH
SACH
SPIR
SPIR
Q4 25
75.1%
Q3 25
66.2%
Q2 25
18.8%
Q1 25
37.3%
Q4 24
23.5%
Q3 24
31.2%
Q2 24
21.8%
Q1 24
20.3%
Cash Conversion
SACH
SACH
SPIR
SPIR
Q4 25
Q3 25
4.95×
Q2 25
0.27×
-0.29×
Q1 25
0.21×
Q4 24
Q3 24
Q2 24
Q1 24
0.90×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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