Spire Total Revenue vs Gross Profit Analysis

SPIR Stock

USD 16.34 0.17 1.05%

Spire Global financial indicator trend analysis is much more than just breaking down Spire Global prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Spire Global is a good investment. Please check the relationship between Spire Global Total Revenue and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Spire Stock, please use our How to Invest in Spire Global guide.

Total Revenue vs Gross Profit

Total Revenue vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Spire Global Total Revenue account and Gross Profit. At this time, the significance of the direction appears to have totally related.

The correlation between Spire Global's Total Revenue and Gross Profit is 0.99. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Spire Global, assuming nothing else is changed. The correlation between historical values of Spire Global's Total Revenue and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Spire Global are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Total Revenue i.e., Spire Global's Total Revenue and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Revenue

Total revenue comprises all receipts Spire Global generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Spire Global minus its cost of goods sold. It is profit before Spire Global operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Spire Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Spire Global current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spire Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Spire Stock, please use our How to Invest in Spire Global guide.As of 11/30/2024, Sales General And Administrative To Revenue is likely to grow to 0.64, while Selling General Administrative is likely to drop slightly above 33.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	24.7M	39.9M	63.3M	32.9M
Total Revenue	43.4M	80.3M	105.7M	60.8M

Gross Profit Total Revenue

Spire Global fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Deferred Long Term Liab	Total Current Assets	Short Term Debt	Intangible Assets
Total Assets		0.66	0.83	0.91	0.96	0.67	0.97	0.92	0.06	-0.78	0.95	0.78	0.99	0.95	0.96	0.9	0.92	0.89	0.82	0.99	0.99	0.85	0.92	0.96	-0.7	1.0
Short Long Term Debt Total	0.66		0.28	0.9	0.42	-0.04	0.74	0.89	0.74	-0.9	0.79	0.05	0.75	0.48	0.47	0.27	0.89	0.92	0.96	0.54	0.74	0.95	0.77	0.43	-0.43	0.61
Other Current Liab	0.83	0.28		0.61	0.92	0.63	0.78	0.61	-0.25	-0.48	0.62	0.84	0.76	0.77	0.82	0.92	0.63	0.6	0.43	0.88	0.78	0.48	0.57	0.91	-0.38	0.84
Total Current Liabilities	0.91	0.9	0.61		0.76	0.35	0.94	1.0	0.42	-0.91	0.96	0.46	0.96	0.8	0.8	0.63	1.0	0.99	0.96	0.84	0.95	0.98	0.91	0.76	-0.56	0.88
Total Stockholder Equity	0.96	0.42	0.92	0.76		0.8	0.89	0.77	-0.2	-0.61	0.83	0.92	0.91	0.95	0.98	0.98	0.78	0.73	0.63	0.99	0.92	0.67	0.81	1.0	-0.65	0.97
Other Liab	0.67	-0.04	0.63	0.35	0.8		0.51	0.38	-0.61	-0.17	0.56	0.94	0.58	0.83	0.84	0.86	0.37	0.28	0.25	0.75	0.58	0.28	0.59	0.8	-0.69	0.71
Net Tangible Assets	0.97	0.74	0.78	0.94	0.89	0.51		0.94	0.27	-0.9	0.94	0.67	0.97	0.89	0.89	0.81	0.94	0.92	0.87	0.94	0.97	0.89	0.88	0.89	-0.63	0.95
Property Plant And Equipment Net	0.92	0.89	0.61	1.0	0.77	0.38	0.94		0.4	-0.91	0.97	0.48	0.97	0.82	0.81	0.65	1.0	0.99	0.96	0.85	0.96	0.98	0.93	0.77	-0.59	0.89
Net Debt	0.06	0.74	-0.25	0.42	-0.2	-0.61	0.27	0.4		-0.65	0.25	-0.5	0.18	-0.12	-0.16	-0.32	0.4	0.46	0.56	-0.07	0.17	0.53	0.2	-0.18	0.0	0.0
Retained Earnings	-0.78	-0.9	-0.48	-0.91	-0.61	-0.17	-0.9	-0.91	-0.65		-0.86	-0.32	-0.84	-0.67	-0.65	-0.5	-0.91	-0.91	-0.93	-0.71	-0.83	-0.93	-0.79	-0.62	0.54	-0.75
Accounts Payable	0.95	0.79	0.62	0.96	0.83	0.56	0.94	0.97	0.25	-0.86		0.61	0.98	0.91	0.9	0.73	0.96	0.93	0.92	0.89	0.97	0.94	0.96	0.83	-0.7	0.93
Cash	0.78	0.05	0.84	0.46	0.92	0.94	0.67	0.48	-0.5	-0.32	0.61		0.68	0.87	0.89	0.97	0.48	0.4	0.32	0.86	0.69	0.36	0.6	0.92	-0.63	0.82
Non Current Assets Total	0.99	0.75	0.76	0.96	0.91	0.58	0.97	0.97	0.18	-0.84	0.98	0.68		0.92	0.93	0.82	0.97	0.94	0.89	0.96	1.0	0.92	0.94	0.91	-0.68	0.98
Non Currrent Assets Other	0.95	0.48	0.77	0.8	0.95	0.83	0.89	0.82	-0.12	-0.67	0.91	0.87	0.92		0.99	0.91	0.81	0.74	0.7	0.95	0.92	0.73	0.87	0.95	-0.72	0.96
Other Assets	0.96	0.47	0.82	0.8	0.98	0.84	0.89	0.81	-0.16	-0.65	0.9	0.89	0.93	0.99		0.95	0.81	0.75	0.69	0.98	0.93	0.72	0.87	0.97	-0.73	0.98
Cash And Short Term Investments	0.9	0.27	0.92	0.63	0.98	0.86	0.81	0.65	-0.32	-0.5	0.73	0.97	0.82	0.91	0.95		0.66	0.6	0.5	0.95	0.83	0.54	0.73	0.99	-0.67	0.92
Net Receivables	0.92	0.89	0.63	1.0	0.78	0.37	0.94	1.0	0.4	-0.91	0.96	0.48	0.97	0.81	0.81	0.66		0.99	0.97	0.85	0.96	0.98	0.93	0.78	-0.6	0.9
Common Stock Shares Outstanding	0.89	0.92	0.6	0.99	0.73	0.28	0.92	0.99	0.46	-0.91	0.93	0.4	0.94	0.74	0.75	0.6	0.99		0.97	0.81	0.94	0.98	0.9	0.73	-0.55	0.86
Non Current Liabilities Total	0.82	0.96	0.43	0.96	0.63	0.25	0.87	0.96	0.56	-0.93	0.92	0.32	0.89	0.7	0.69	0.5	0.97	0.97		0.74	0.88	1.0	0.92	0.64	-0.65	0.79
Other Current Assets	0.99	0.54	0.88	0.84	0.99	0.75	0.94	0.85	-0.07	-0.71	0.89	0.86	0.96	0.95	0.98	0.95	0.85	0.81	0.74		0.96	0.77	0.88	0.99	-0.71	0.99
Other Stockholder Equity	0.99	0.74	0.78	0.95	0.92	0.58	0.97	0.96	0.17	-0.83	0.97	0.69	1.0	0.92	0.93	0.83	0.96	0.94	0.88	0.96		0.91	0.94	0.91	-0.67	0.98
Total Liab	0.85	0.95	0.48	0.98	0.67	0.28	0.89	0.98	0.53	-0.93	0.94	0.36	0.92	0.73	0.72	0.54	0.98	0.98	1.0	0.77	0.91		0.92	0.68	-0.63	0.82
Deferred Long Term Liab	0.92	0.77	0.57	0.91	0.81	0.59	0.88	0.93	0.2	-0.79	0.96	0.6	0.94	0.87	0.87	0.73	0.93	0.9	0.92	0.88	0.94	0.92		0.82	-0.84	0.92
Total Current Assets	0.96	0.43	0.91	0.76	1.0	0.8	0.89	0.77	-0.18	-0.62	0.83	0.92	0.91	0.95	0.97	0.99	0.78	0.73	0.64	0.99	0.91	0.68	0.82		-0.7	0.97
Short Term Debt	-0.7	-0.43	-0.38	-0.56	-0.65	-0.69	-0.63	-0.59	0.0	0.54	-0.7	-0.63	-0.68	-0.72	-0.73	-0.67	-0.6	-0.55	-0.65	-0.71	-0.67	-0.63	-0.84	-0.7		-0.72
Intangible Assets	1.0	0.61	0.84	0.88	0.97	0.71	0.95	0.89	0.0	-0.75	0.93	0.82	0.98	0.96	0.98	0.92	0.9	0.86	0.79	0.99	0.98	0.82	0.92	0.97	-0.72

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Spire Global Account Relationship Matchups

Pair Trading with Spire Global

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spire Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spire Global will appreciate offsetting losses from the drop in the long position's value.

Moving together with Spire Stock

0.69	LZ	LegalZoom	Pair Corr
0.63	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.8	VRSK	Verisk Analytics	Pair Corr

Moving against Spire Stock

0.85	CVEO	Civeo Corp	Pair Corr
0.82	MMS	Maximus	Pair Corr
0.8	ICFI	ICF International	Pair Corr
0.72	EFX	Equifax	Pair Corr
0.68	PFMT	Performant Financial	Pair Corr

The ability to find closely correlated positions to Spire Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spire Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spire Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spire Global to buy it.

The correlation of Spire Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spire Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spire Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Spire Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Spire Stock Analysis

When running Spire Global's price analysis, check to measure Spire Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spire Global is operating at the current time. Most of Spire Global's value examination focuses on studying past and present price action to predict the probability of Spire Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spire Global's price. Additionally, you may evaluate how the addition of Spire Global to your portfolios can decrease your overall portfolio volatility.

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