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Side-by-side financial comparison of DNA X, Inc. (SONM) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
DNA X, Inc. is the larger business by last-quarter revenue ($16.2M vs $15.8M, roughly 1.0× Spire Global, Inc.). DNA X, Inc. runs the higher net margin — -29.3% vs -176.6%, a 147.3% gap on every dollar of revenue. On growth, DNA X, Inc. posted the faster year-over-year revenue change (7.9% vs -26.9%). Over the past eight quarters, DNA X, Inc.'s revenue compounded faster (9.9% CAGR vs -32.6%).
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.
SONM vs SPIR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.2M | $15.8M |
| Net Profit | $-4.8M | $-28.0M |
| Gross Margin | 11.2% | 40.2% |
| Operating Margin | -24.5% | -164.1% |
| Net Margin | -29.3% | -176.6% |
| Revenue YoY | 7.9% | -26.9% |
| Net Profit YoY | -89.2% | 42.7% |
| EPS (diluted) | $-4.83 | $-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.
| Q4 25 | — | $15.8M | ||
| Q3 25 | $16.2M | $12.7M | ||
| Q2 25 | $11.2M | $19.2M | ||
| Q1 25 | $16.7M | $23.9M | ||
| Q4 24 | $15.3M | $21.7M | ||
| Q3 24 | $15.0M | $28.6M | ||
| Q2 24 | $11.5M | $25.4M | ||
| Q1 24 | $9.1M | $34.8M |
| Q4 25 | — | $-28.0M | ||
| Q3 25 | $-4.8M | $-19.7M | ||
| Q2 25 | $-7.5M | $119.6M | ||
| Q1 25 | $458.0K | $-20.7M | ||
| Q4 24 | $-21.6M | $-48.8M | ||
| Q3 24 | $-2.5M | $-12.5M | ||
| Q2 24 | $-6.6M | $-16.6M | ||
| Q1 24 | $-2.9M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | 11.2% | 36.6% | ||
| Q2 25 | 7.6% | 48.9% | ||
| Q1 25 | 50.0% | 36.8% | ||
| Q4 24 | -1.2% | 32.4% | ||
| Q3 24 | 28.2% | 44.5% | ||
| Q2 24 | 25.8% | 43.0% | ||
| Q1 24 | 31.8% | 26.5% |
| Q4 25 | — | -164.1% | ||
| Q3 25 | -24.5% | -166.1% | ||
| Q2 25 | -60.2% | -122.7% | ||
| Q1 25 | 3.9% | -106.5% | ||
| Q4 24 | 55.3% | -144.1% | ||
| Q3 24 | -15.8% | -48.0% | ||
| Q2 24 | -56.2% | -48.6% | ||
| Q1 24 | -29.5% | -34.4% |
| Q4 25 | — | -176.6% | ||
| Q3 25 | -29.3% | -155.3% | ||
| Q2 25 | -66.8% | 623.4% | ||
| Q1 25 | 2.7% | -86.5% | ||
| Q4 24 | -141.6% | -225.2% | ||
| Q3 24 | -16.7% | -43.7% | ||
| Q2 24 | -57.5% | -65.2% | ||
| Q1 24 | -31.9% | -73.3% |
| Q4 25 | — | $-0.85 | ||
| Q3 25 | $-4.83 | $-0.61 | ||
| Q2 25 | $-0.79 | $3.72 | ||
| Q1 25 | $0.08 | $-0.77 | ||
| Q4 24 | $-116.99 | $-1.93 | ||
| Q3 24 | $-9.32 | $-0.50 | ||
| Q2 24 | $-1.41 | $-0.68 | ||
| Q1 24 | $-0.65 | $-1.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.1M | $81.8M |
| Total DebtLower is stronger | $5.1M | — |
| Stockholders' EquityBook value | $-701.0K | $112.9M |
| Total Assets | $40.2M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.8M | ||
| Q3 25 | $2.1M | $96.8M | ||
| Q2 25 | $2.0M | $117.6M | ||
| Q1 25 | $2.1M | $35.9M | ||
| Q4 24 | $5.3M | $19.2M | ||
| Q3 24 | $9.1M | $36.6M | ||
| Q2 24 | $9.6M | $45.8M | ||
| Q1 24 | $9.3M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $2.9M | — | ||
| Q1 25 | $2.8M | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | — | $112.9M | ||
| Q3 25 | $-701.0K | $133.1M | ||
| Q2 25 | $-1.3M | $149.2M | ||
| Q1 25 | $-1.1M | $3.7M | ||
| Q4 24 | $-5.7M | $-11.7M | ||
| Q3 24 | $15.3M | $30.8M | ||
| Q2 24 | $17.5M | $40.3M | ||
| Q1 24 | $19.8M | $52.5M |
| Q4 25 | — | $211.0M | ||
| Q3 25 | $40.2M | $224.3M | ||
| Q2 25 | $36.1M | $239.5M | ||
| Q1 25 | $36.0M | $208.8M | ||
| Q4 24 | $39.7M | $193.6M | ||
| Q3 24 | $49.1M | $224.2M | ||
| Q2 24 | $45.9M | $230.8M | ||
| Q1 24 | $42.4M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-7.0M | $-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.
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $-7.0M | $-12.0M | ||
| Q2 25 | $-4.9M | $-35.1M | ||
| Q1 25 | $-9.6M | $-8.4M | ||
| Q4 24 | $-4.5M | $-19.2M | ||
| Q3 24 | $-417.0K | $14.0M | ||
| Q2 24 | $-3.4M | $-4.4M | ||
| Q1 24 | $-168.0K | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | $-4.5M | $-24.3M | ||
| Q3 24 | $-554.0K | $5.1M | ||
| Q2 24 | $-3.4M | $-9.9M | ||
| Q1 24 | $-198.0K | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | -29.6% | -112.2% | ||
| Q3 24 | -3.7% | 17.8% | ||
| Q2 24 | -29.8% | -39.0% | ||
| Q1 24 | -2.2% | -45.7% |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | 0.1% | 23.5% | ||
| Q3 24 | 0.9% | 31.2% | ||
| Q2 24 | 0.3% | 21.8% | ||
| Q1 24 | 0.3% | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | -20.97× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
