Sphere 3D Corp Financials
This page shows Sphere 3D Corp (ANY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sphere 3D Corp has an operating margin of -196.8%, meaning the company retains $-197 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -128.9% the prior year.
Sphere 3D Corp's revenue declined 32.7% year-over-year, from $16.6M to $11.2M. This contraction results in a growth score of 0/100.
Sphere 3D Corp carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.82, Sphere 3D Corp holds $4.82 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 96/100.
While Sphere 3D Corp generated -$16.1M in operating cash flow, capex of $7.5M consumed most of it, leaving -$23.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Sphere 3D Corp generates a -40.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -24.1% the prior year.
Sphere 3D Corp passes 3 of 9 financial strength tests. No profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Sphere 3D Corp generates $1.70 in operating cash flow (-$16.1M OCF vs -$9.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Sphere 3D Corp generated $11.2M in revenue in fiscal year 2025. This represents a decrease of 32.7% from the prior year.
Sphere 3D Corp's EBITDA was -$15.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.8% from the prior year.
Sphere 3D Corp reported -$9.5M in net income in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Sphere 3D Corp earned $-7.37 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1435.4% from the prior year.
Cash & Balance Sheet
Sphere 3D Corp generated -$23.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 74.7% from the prior year.
Sphere 3D Corp held $3.7M in cash against $0 in long-term debt as of fiscal year 2025.
Sphere 3D Corp had 4M shares outstanding in fiscal year 2025. This represents a decrease of 85.2% from the prior year.
Margins & Returns
Sphere 3D Corp's gross margin was 23.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Sphere 3D Corp's operating margin was -196.8% in fiscal year 2025, reflecting core business profitability. This is down 67.8 percentage points from the prior year.
Sphere 3D Corp's net profit margin was -84.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 27.7 percentage points from the prior year.
Sphere 3D Corp's ROE was -40.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.5 percentage points from the prior year.
Capital Allocation
Sphere 3D Corp invested $7.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 16.2% from the prior year.
ANY Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M-13.1% | $3.0M+7.1% | $2.8M+6.7% | $2.6M+12.1% | $2.4M-49.5% | $4.7M-32.8% | $6.9M-9.7% | $7.7M |
| Cost of Revenue | $2.0M-15.0% | $2.3M+4.9% | $2.2M | N/A | $2.7M-31.0% | $4.0M-8.1% | $4.3M | N/A |
| Gross Profit | $666K-7.1% | $717K+15.1% | $623K | N/A | -$376K-153.2% | $707K-73.2% | $2.6M-5.9% | $2.8M |
| R&D Expenses | N/A | N/A | N/A | $0 | $0 | $0 | $0-100.0% | $167K |
| SG&A Expenses | $1.8M-16.0% | $2.1M-32.9% | $3.2M+6.5% | $3.0M-1.9% | $3.0M+1.5% | $3.0M-13.5% | $3.5M-35.1% | $5.3M |
| Operating Income | -$4.0M-53.6% | -$2.6M+49.4% | -$5.2M+40.2% | -$8.7M-68.5% | -$5.2M+9.8% | -$5.7M-206.1% | -$1.9M+87.7% | -$15.2M |
| Interest Expense | N/A | N/A | N/A | N/A | $0 | $0 | N/A | N/A |
| Income Tax | $0-100.0% | $2K | N/A | N/A | $72K+3500.0% | $2K | N/A | N/A |
| Net Income | -$4.2M-354.8% | $1.7M+119.0% | -$8.8M-21.7% | -$7.2M-7043.3% | $104K-95.1% | $2.1M+147.4% | -$4.5M+48.9% | -$8.8M |
| EPS (Diluted) | $-0.15-350.0% | $0.06+118.8% | $-0.32 | N/A | $0.01-95.0% | $0.10+137.0% | $-0.27 | N/A |
ANY Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.1M-9.6% | $34.4M+0.4% | $34.3M-20.7% | $43.2M-2.3% | $44.3M+0.5% | $44.0M+4.9% | $42.0M-8.1% | $45.7M |
| Current Assets | $9.9M-12.3% | $11.3M+16.5% | $9.7M-45.4% | $17.8M+22.7% | $14.5M-16.0% | $17.3M+51.3% | $11.4M-15.5% | $13.5M |
| Cash & Equivalents | $5.3M+12.2% | $4.7M+68.7% | $2.8M-48.6% | $5.4M+9.6% | $5.0M+16.1% | $4.3M+108.0% | $2.0M+249.8% | $586K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.6M-6.5% | $1.7M-52.1% | $3.6M-8.8% | $3.9M-53.5% | $8.4M-20.6% | $10.6M-26.8% | $14.5M-24.4% | $19.1M |
| Current Liabilities | $1.6M-6.6% | $1.7M-52.4% | $3.6M-8.8% | $3.9M+9.7% | $3.5M-9.8% | $3.9M-21.4% | $5.0M-6.3% | $5.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $29.5M-9.8% | $32.7M+6.5% | $30.7M-21.9% | $39.3M+9.7% | $35.8M+7.2% | $33.4M+21.7% | $27.5M+3.6% | $26.5M |
| Retained Earnings | -$468.2M-0.9% | -$463.9M+0.4% | -$465.6M-1.9% | -$456.8M-1.6% | -$449.6M0.0% | -$449.7M+0.5% | -$451.8M-1.0% | -$447.4M |
ANY Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.5M+40.7% | -$5.8M-43.5% | -$4.1M-169.7% | -$1.5M-621.4% | $290K+108.8% | -$3.3M-5582.8% | -$58K+89.6% | -$558K |
| Capital Expenditures | $2.3M+1034.5% | $200K-80.5% | $1.0M-76.2% | $4.3M-6.9% | $4.6M | $0 | $0 | $0 |
| Free Cash Flow | -$5.7M+5.2% | -$6.0M-18.6% | -$5.1M+12.4% | -$5.8M-34.1% | -$4.3M-31.7% | -$3.3M-5582.8% | -$58K+89.6% | -$558K |
| Investing Cash Flow | $3.5M-54.9% | $7.8M+483.0% | $1.3M+139.2% | -$3.4M-956.4% | $397K-92.8% | $5.5M+262.0% | $1.5M+1127.4% | $124K |
| Financing Cash Flow | $542K | $0-100.0% | $108K-98.0% | $5.4M | $0 | $0 | $0-100.0% | $205K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ANY Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.4%+1.6pp | 23.8%+1.6pp | 22.1% | N/A | -16.0%-31.1pp | 15.2%-22.8pp | 38.0%+1.5pp | 36.5% |
| Operating Margin | -153.8%-66.8pp | -87.0%+97.1pp | -184.2%+144.5pp | -328.7%-109.9pp | -218.8%-96.4pp | -122.4%-95.5pp | -26.9%+170.3pp | -197.1% |
| Net Margin | -161.9%-217.2pp | 55.2%+367.1pp | -311.9%-38.4pp | -273.4%-277.8pp | 4.4%-41.1pp | 45.5%+110.0pp | -64.5%+49.6pp | -114.0% |
| Return on Equity | -14.4%-19.5pp | 5.1%+33.7pp | -28.6%-10.2pp | -18.4%-18.7pp | 0.3%-6.1pp | 6.3%+22.6pp | -16.3%+16.8pp | -33.1% |
| Return on Assets | -13.7%-18.5pp | 4.8%+30.5pp | -25.6%-8.9pp | -16.7%-16.9pp | 0.2%-4.6pp | 4.8%+15.5pp | -10.7%+8.5pp | -19.2% |
| Current Ratio | 6.28-0.4 | 6.69+4.0 | 2.74-1.8 | 4.57+0.5 | 4.09-0.3 | 4.39+2.1 | 2.28-0.2 | 2.53 |
| Debt-to-Equity | 0.050.0 | 0.05-0.1 | 0.12+0.0 | 0.10-0.1 | 0.23-0.1 | 0.32-0.2 | 0.53-0.2 | 0.72 |
| FCF Margin | -218.7%-18.2pp | -200.5%-19.3pp | -181.2%+39.4pp | -220.5%-36.2pp | -184.4%-113.7pp | -70.6%-69.8pp | -0.8%+6.4pp | -7.3% |
Similar Companies
Frequently Asked Questions
What is Sphere 3D Corp's annual revenue?
Sphere 3D Corp (ANY) reported $11.2M in total revenue for fiscal year 2025. This represents a -32.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sphere 3D Corp's revenue growing?
Sphere 3D Corp (ANY) revenue declined by 32.7% year-over-year, from $16.6M to $11.2M in fiscal year 2025.
Is Sphere 3D Corp profitable?
No, Sphere 3D Corp (ANY) reported a net income of -$9.5M in fiscal year 2025, with a net profit margin of -84.7%.
What is Sphere 3D Corp's EBITDA?
Sphere 3D Corp (ANY) had EBITDA of -$15.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sphere 3D Corp's gross margin?
Sphere 3D Corp (ANY) had a gross margin of 23.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sphere 3D Corp's operating margin?
Sphere 3D Corp (ANY) had an operating margin of -196.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Sphere 3D Corp's net profit margin?
Sphere 3D Corp (ANY) had a net profit margin of -84.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Sphere 3D Corp's return on equity (ROE)?
Sphere 3D Corp (ANY) has a return on equity of -40.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Sphere 3D Corp's free cash flow?
Sphere 3D Corp (ANY) generated -$23.6M in free cash flow during fiscal year 2025. This represents a -74.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sphere 3D Corp's operating cash flow?
Sphere 3D Corp (ANY) generated -$16.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Sphere 3D Corp's total assets?
Sphere 3D Corp (ANY) had $25.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Sphere 3D Corp's capital expenditures?
Sphere 3D Corp (ANY) invested $7.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Sphere 3D Corp's current ratio?
Sphere 3D Corp (ANY) had a current ratio of 4.82 as of fiscal year 2025, which is generally considered healthy.
What is Sphere 3D Corp's debt-to-equity ratio?
Sphere 3D Corp (ANY) had a debt-to-equity ratio of 0.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sphere 3D Corp's return on assets (ROA)?
Sphere 3D Corp (ANY) had a return on assets of -37.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Sphere 3D Corp's cash runway?
Based on fiscal year 2025 data, Sphere 3D Corp (ANY) had $3.7M in cash against an annual operating cash burn of $16.1M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Sphere 3D Corp's Piotroski F-Score?
Sphere 3D Corp (ANY) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sphere 3D Corp's earnings high quality?
Sphere 3D Corp (ANY) has an earnings quality ratio of 1.70x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Sphere 3D Corp?
Sphere 3D Corp (ANY) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.