Go Pro
→ The end may be near for these iconic stocks (From Chaikin Analytics) (Ad)tc pixel Free ANY Stock Alerts

Sphere 3D (ANY) Financials

Sphere 3D logo
$2.09 -0.03 (-1.42%)
Closing price 04:00 PM Eastern
Extended Trading
$2.09 +0.00 (+0.19%)
As of 04:43 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for Sphere 3D

Annual Income Statements for Sphere 3D

This table shows Sphere 3D's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -47 -68 -26 -26 -4.28 -5.78 -18 -193 -23 -9.47 -21
Consolidated Net Income / (Loss)		 -47 -68 -26 -26 -4.28 -5.78 -17 -193 -23 -9.47 -21
Net Income / (Loss) Continuing Operations		 -47 -68 -15 -13 -4.28 -5.78 -17 -193 -23 -9.47 -21
Total Pre-Tax Income 		-49 -68 -16 -13 -4.28 -5.78 -17 -193 -23 -9.32 -21
Total Operating Income		 -45 -64 -18 -13 -6.02 -5.97 -20 -158 -30 -21 -22
Total Gross Profit		 23 22 3.15 1.68 1.85 2.25 2.00 2.66 5.96 3.23 2.63
Total Revenue		 76 76 13 9.03 5.58 4.85 3.72 6.08 22 17 11
Operating Revenue		 76 76 13 9.03 5.58 4.85 3.72 6.08 22 17 11
Total Cost of Revenue		 54 54 9.45 7.35 3.73 2.60 1.72 3.42 16 13 8.55
Operating Cost of Revenue		 54 54 9.45 7.35 3.73 2.60 1.72 3.42 16 13 8.55
Total Operating Expenses		 67 86 21 14 7.88 8.21 22 185 35 25 25
Selling, General & Admin Expense		 23 21 9.65 7.50 3.93 5.47 13 24 16 12 8.27
Depreciation Expense		 - - - - - - 5.69 28 6.19 7.11 6.88
Other Operating Expenses / (Income)		 - - - - - - 0.00 16 6.32 -0.68 0.35
Impairment Charge		 11 34 2.29 0.00 0.07 0.29 0.82 115 3.63 2.22 7.49
Other Special Charges / (Income)		 - - - - - - - 0.00 0.96 3.55 1.65
Total Other Income / (Expense), net		 -3.75 -3.81 1.80 -0.08 1.74 0.19 2.41 -11 5.62 12 0.52
Interest & Investment Income		 - - - - - - 0.00 0.00 6.14 8.98 0.44
Other Income / (Expense), net		 -0.69 1.28 1.80 - 2.10 0.92 2.93 -11 0.66 3.11 0.08
Income Tax Expense		 -1.37 0.83 -0.85 - 0.00 0.00 -0.02 0.17 0.01 0.15 0.00
Basic Earnings per Share		 ($1.24) ($34.42) ($42.08) ($15.80) ($1.59) ($0.98) ($0.58) ($20.36) ($1.93) ($4.78) ($7.37)
Weighted Average Basic Shares Outstanding		 37.96M 1.99M 622.20K 1.66M 2.69M 5.88M 30.86M 9.47M 12.13M 1.98M 2.91M
Diluted Earnings per Share		 ($1.24) ($34.42) ($42.08) ($15.80) ($1.59) ($0.98) ($0.58) ($20.36) ($1.93) ($4.78) ($7.37)
Weighted Average Diluted Shares Outstanding		 45.20M 66.57M 9.05M 2.26M 2.69M 5.88M 30.86M 9.47M 12.13M 1.98M 2.91M
Weighted Average Basic & Diluted Shares Outstanding		 45.20M 66.57M 9.05M 2.26M 2.69M 5.88M 30.86M 73.93M 17.80M 26.18M 3.77M

Quarterly Income Statements for Sphere 3D

This table shows Sphere 3D's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -6.30 -8.77 -4.48 2.12 0.10 -7.22 -8.79 1.67 -4.25 -10 -4.11
Consolidated Net Income / (Loss)		 -6.31 -8.77 -4.48 2.12 0.10 -7.22 -8.79 1.67 -4.25 -10 -4.11
Net Income / (Loss) Continuing Operations		 -6.31 -8.77 -4.48 2.12 0.10 -7.22 -8.79 1.67 -4.25 -10 -4.11
Total Pre-Tax Income 		-6.31 -8.51 -1.87 2.13 0.18 -9.76 -8.79 1.67 -4.25 -14 -4.11
Total Operating Income		 -6.40 -15 -1.87 -5.71 -5.15 -8.68 -5.19 -2.63 -4.04 -10 -4.13
Total Gross Profit		 1.21 2.81 2.64 0.71 -0.38 0.26 0.62 0.72 0.67 0.62 0.31
Total Revenue		 5.72 7.69 6.95 4.67 2.36 2.64 2.82 3.02 2.62 2.72 1.92
Operating Revenue		 5.72 7.69 6.95 - - - 2.82 - - - 1.92
Total Cost of Revenue		 4.51 4.89 4.31 3.96 2.73 2.38 2.19 2.30 1.96 2.10 1.60
Operating Cost of Revenue		 4.51 4.89 4.31 3.96 2.73 2.38 2.19 2.30 1.96 2.10 1.60
Total Operating Expenses		 7.62 17 4.51 6.42 4.78 8.94 5.81 3.34 4.70 11 4.44
Selling, General & Admin Expense		 3.40 5.32 3.45 2.99 3.03 2.98 3.17 2.13 1.79 1.19 2.45
Depreciation Expense		 2.03 1.76 1.82 1.82 1.74 1.74 1.61 1.67 1.72 1.88 1.15
Other Operating Expenses / (Income)		 -0.14 6.59 -0.77 0.07 0.01 0.01 0.23 -0.50 -0.10 0.72 0.61
Other Special Charges / (Income)		 0.32 1.03 0.00 0.69 0.00 2.85 0.81 0.05 0.79 - 0.24
Total Other Income / (Expense), net		 0.09 5.59 0.00 7.84 5.33 -1.08 -3.60 4.30 -0.21 -3.56 0.03
Interest & Investment Income		 0.00 - - 7.79 2.44 - -3.65 4.31 -0.22 - 0.00
Other Income / (Expense), net		 0.10 - - 0.05 2.89 - 0.05 -0.01 0.01 - 0.03
Income Tax Expense		 0.00 - - 0.00 0.07 - 0.00 0.00 0.00 - 0.00
Basic Earnings per Share		 ($0.50) ($0.72) ($0.27) $0.11 $0.01 ($3.65) ($3.23) $0.06 ($0.15) ($3.47) ($1.18)
Weighted Average Basic Shares Outstanding		 12.65M 12.13M 16.58M 18.71M 20.73M 1.98M 2.72M 27.70M 28.51M 2.91M 3.48M
Weighted Average Diluted Shares Outstanding		 12.65M 12.13M 16.58M 20.88M 22.32M 1.98M 26.46M 27.72M 28.51M 2.91M 4.24M
Weighted Average Basic & Diluted Shares Outstanding		 14.36M 17.80M 18.31M 20.74M 21.24M 26.18M 26.46M 28.32M 33.73M 3.77M 4.24M

Annual Cash Flow Statements for Sphere 3D

This table details how cash moves in and out of Sphere 3D's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 4.40 -3.61 -0.46 -4.23 -0.19 0.31 54 -53 -0.96 4.84 -1.72
Net Cash From Operating Activities		 -23 -17 -8.97 -7.62 -1.81 -2.58 -29 -31 -6.58 -4.58 -16
Net Cash From Continuing Operating Activities		 -23 -17 -8.97 -7.62 -1.81 -2.58 -29 -31 -6.58 -4.58 -16
Net Income / (Loss) Continuing Operations		 -47 -68 -26 -26 -4.28 -5.78 -17 -193 -23 -9.47 -21
Consolidated Net Income / (Loss)		 -47 -68 -26 -26 -4.28 -5.78 -17 -193 -23 -9.47 -21
Depreciation Expense		 7.45 6.19 6.09 3.86 1.03 0.97 5.69 28 6.19 7.11 6.88
Non-Cash Adjustments To Reconcile Net Income		 19 43 9.24 6.62 -0.95 -0.53 -1.65 152 9.09 -2.46 -1.10
Changes in Operating Assets and Liabilities, net		 -3.05 -0.15 -0.35 6.58 2.39 2.23 -16 -18 1.47 0.24 -0.41
Net Cash From Investing Activities		 -0.58 -0.24 -1.17 0.94 0.00 -2.00 -123 -22 2.56 4.03 9.99
Net Cash From Continuing Investing Activities		 -0.58 -0.24 -1.17 0.94 0.00 -2.00 -123 -22 2.56 4.03 9.99
Purchase of Property, Plant & Equipment		 -0.52 -0.24 -0.12 -0.06 0.00 0.00 -102 -18 -1.56 -8.94 -7.50
Sale of Property, Plant & Equipment		 - - - - - - - 0.00 4.47 0.00 0.56
Sale and/or Maturity of Investments		 - - - - - - - - 0.00 11 7.97
Other Investing Activities, net		 0.00 - - - 0.00 -2.00 -10 -4.27 -0.14 1.52 8.97
Net Cash From Financing Activities		 28 14 9.53 2.44 1.62 4.90 205 0.00 3.06 5.39 4.41
Net Cash From Continuing Financing Activities		 28 14 9.53 2.44 1.62 4.90 205 0.00 3.06 5.39 4.41
Repurchase of Common Equity		 -1.01 0.00 -1.02 -0.42 - - - 0.00 0.00 -0.11 -0.43
Issuance of Common Equity		 17 5.83 11 2.31 0.71 0.36 195 - 0.00 5.50 0.73
Other Financing Activities, net		 -0.23 -0.01 0.00 0.15 0.00 0.26 2.24 0.00 0.56 0.00 4.11

Quarterly Cash Flow Statements for Sphere 3D

This table details how cash moves in and out of Sphere 3D's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 0.11 -0.23 1.46 2.21 0.69 0.48 -2.64 1.92 0.57 -1.57 -0.56
Net Cash From Operating Activities		 -3.99 -0.56 -0.06 -3.30 0.29 -1.51 -4.08 -5.85 -3.47 -2.72 -3.72
Net Cash From Continuing Operating Activities		 -3.99 -0.56 -0.06 -3.30 0.29 -1.51 -4.08 -5.85 -3.47 -2.72 -3.72
Net Income / (Loss) Continuing Operations		 -6.31 -8.77 -4.48 2.12 0.10 -7.22 -8.79 1.67 -4.25 -10 -4.11
Consolidated Net Income / (Loss)		 -6.31 -8.77 -4.48 2.12 0.10 -7.22 -8.79 1.67 -4.25 -10 -4.11
Depreciation Expense		 2.03 1.76 1.82 1.82 1.74 1.74 1.61 1.67 1.72 1.88 1.15
Non-Cash Adjustments To Reconcile Net Income		 2.42 5.33 3.05 -5.82 -1.57 1.88 1.91 -7.46 -0.47 4.91 -0.74
Changes in Operating Assets and Liabilities, net		 -2.12 2.09 -0.46 -1.41 0.02 2.10 1.19 -1.73 -0.48 0.60 -0.01
Net Cash From Investing Activities		 2.22 0.12 1.52 5.51 0.40 -3.40 1.33 7.77 3.50 -2.61 2.79
Net Cash From Continuing Investing Activities		 2.22 0.12 1.52 5.51 0.40 -3.40 1.33 7.77 3.50 -2.61 2.79
Purchase of Property, Plant & Equipment		 - - 0.00 - -4.63 -4.31 -1.03 -0.20 -2.27 -4.01 0.00
Sale of Property, Plant & Equipment		 0.41 0.36 0.00 - - - 0.25 - 0.24 0.07 0.00
Other Investing Activities, net		 1.81 -0.03 1.52 - - - 2.11 3.19 2.34 1.33 2.79
Net Cash From Financing Activities		 1.88 0.21 0.00 - - 5.39 0.11 - 0.54 3.76 0.37
Net Cash From Continuing Financing Activities		 1.88 0.21 0.00 - - 5.39 0.11 - 0.54 3.76 0.37
Repurchase of Common Equity		 - - - - - -0.11 0.00 - - -0.35 -0.05
Issuance of Common Equity		 - - 0.00 - - 5.50 0.11 - 0.63 - 0.42

Annual Balance Sheets for Sphere 3D

This table presents Sphere 3D's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 139 93 83 11 8.41 12 276 83 46 43 25
Total Current Assets		 37 30 76 3.50 1.94 2.09 78 10 14 18 8.68
Cash & Equivalents		 8.66 5.06 0.60 0.34 0.15 0.46 54 1.34 0.59 5.43 3.71
Note & Lease Receivable		 - - - - - 0.00 1.86 3.82 - - 3.26
Other Current Assets		 3.16 2.12 0.42 0.78 0.67 0.81 22 4.75 13 4.83 1.71
Plant, Property, & Equipment, net		 3.97 3.06 0.02 0.01 0.00 0.00 0.00 34 24 22 15
Total Noncurrent Assets		 99 59 6.87 7.78 6.46 9.74 198 38 7.99 3.47 1.84
Intangible Assets		 54 48 5.20 3.35 2.30 2.61 63 9.48 4.58 3.10 1.61
Other Noncurrent Operating Assets		 0.45 0.43 0.29 0.95 0.68 0.44 103 19 3.41 0.38 0.23
Total Liabilities & Shareholders' Equity		 139 93 83 11 8.41 12 276 83 46 43 25
Total Liabilities		 71 72 73 17 7.17 6.82 6.30 12 5.35 3.90 1.80
Total Current Liabilities		 46 43 71 9.64 6.65 5.81 5.21 6.20 5.35 3.90 1.80
Accounts Payable		 11 11 3.08 4.60 4.11 1.98 1.25 2.99 2.37 1.17 0.43
Accrued Expenses		 4.33 3.62 1.26 1.71 0.48 0.96 3.25 1.54 1.18 1.30 0.54
Current Employee Benefit Liabilities		 2.63 2.23 1.32 1.72 0.34 0.29 0.20 0.70 1.48 1.40 0.83
Total Noncurrent Liabilities		 25 29 2.24 7.25 0.52 1.02 1.09 5.78 0.00 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - - 42 36 14 0.02 0.02
Total Equity & Noncontrolling Interests		 68 20 10 -5.61 1.24 5.01 227 35 27 39 23
Total Preferred & Common Equity		 68 20 10 -5.61 1.24 5.01 227 35 27 39 23
Total Common Equity		 68 20 10 -5.61 -7.20 -6.76 227 35 27 39 23
Common Stock		 136 157 174 184 186 192 444 456 476 498 503
Retained Earnings		 -67 -135 -161 -187 -192 -197 -215 -420 -447 -457 -478
Accumulated Other Comprehensive Income / (Loss)		 -1.14 -1.57 -1.98 -1.82 -1.77 -1.79 -1.79 -1.80 -1.81 -1.82 -1.81

Quarterly Balance Sheets for Sphere 3D

This table presents Sphere 3D's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 59 42 44 44 34 34 31 22
Total Current Assets		 5.23 11 17 15 9.72 11 9.92 6.72
Cash & Equivalents		 0.61 2.05 4.26 4.95 2.79 4.70 5.28 3.15
Note & Lease Receivable		 0.00 - - - 1.87 2.20 2.59 1.79
Other Current Assets		 4.25 2.11 3.47 2.60 1.18 1.00 2.06 1.79
Plant, Property, & Equipment, net		 27 23 20 23 21 20 19 14
Total Noncurrent Assets		 27 7.82 7.22 6.36 3.57 3.46 2.29 1.46
Intangible Assets		 6.68 4.21 3.84 3.47 2.72 2.35 1.98 1.24
Other Noncurrent Operating Assets		 21 3.61 3.38 2.90 0.84 1.10 0.31 0.23
Total Liabilities & Shareholders' Equity		 59 42 44 44 34 34 31 22
Total Liabilities		 12 5.01 3.94 3.55 3.55 1.69 1.58 1.73
Total Current Liabilities		 6.69 5.01 3.94 3.55 3.55 1.69 1.58 1.73
Accounts Payable		 2.44 2.01 0.93 0.61 1.71 0.34 0.16 0.20
Accrued Expenses		 1.72 1.13 1.60 1.78 1.54 0.96 0.91 0.69
Current Employee Benefit Liabilities		 0.74 1.69 1.37 1.13 0.30 0.39 0.51 0.84
Total Noncurrent Liabilities		 4.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 16 9.47 6.66 4.86 0.02 0.02 0.02 0.02
Total Equity & Noncontrolling Interests		 32 27 33 36 31 33 30 20
Total Preferred & Common Equity		 32 27 33 36 31 33 30 20
Total Common Equity		 32 27 33 36 31 33 30 20
Common Stock		 473 481 485 487 498 498 500 504
Retained Earnings		 -439 -452 -450 -450 -466 -464 -468 -482
Accumulated Other Comprehensive Income / (Loss)		 -1.81 -1.81 -1.81 -1.81 -1.82 -1.81 -1.81 -1.81

Annual Metrics And Ratios for Sphere 3D

This table displays calculated financial ratios and metrics derived from Sphere 3D's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 45,198,283.00 66,565,000.00 66,565,000.00 1,932,399.00 3,679,056.00 7,867,186.00 63,566,403.00 63,566,403.00 14,355,336.00 21,238,243.00 33,729,165.00
DEI Adjusted Shares Outstanding		 32,284.00 47,546.00 47,546.00 34,507.00 525,579.00 1,123,884.00 9,080,915.00 9,080,915.00 14,355,336.00 21,238,243.00 33,729,165.00
DEI Earnings Per Adjusted Shares Outstanding		 -1,462.86 -1,439.87 -550.71 -759.50 -8.15 -5.14 -1.96 -21.23 -1.63 -0.45 -0.64
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 465.48% 0.30% -83.51% -28.33% -38.22% -13.10% -23.27% 63.36% 260.47% -24.19% -32.68%
EBITDA Growth		 -325.56% -47.01% 85.53% 8.98% 59.92% -22.50% -199.10% -1,218.08% 83.46% 51.67% -34.44%
EBIT Growth		 -272.17% -37.38% 73.98% 22.44% 68.87% -28.49% -232.63% -902.01% 82.56% 37.62% -19.77%
NOPAT Growth		 -272.45% -42.34% 71.69% 30.16% 52.27% 0.98% -230.56% -699.54% 80.97% 28.63% -2.75%
Net Income Growth		 -271.22% -44.96% 61.75% -0.09% 83.67% -34.99% -199.17% -1,015.81% 87.91% 59.41% -126.84%
EPS Growth		 -133.96% -44.96% 61.75% 62.45% 89.94% 38.36% 40.82% -1,015.81% 90.52% 59.41% -126.84%
Operating Cash Flow Growth		 -171.00% 24.55% 48.69% 14.99% 76.21% -42.42% -1,004.49% -7.90% 78.61% 30.48% -252.23%
Free Cash Flow Firm Growth		 0.00% -11.31% 397.22% -98.19% -1,657.06% 19.80% -2,089.15% 112.60% -105.97% -6.27% -428.07%
Invested Capital Growth		 -17.96% -35.64% -97.06% -586.41% 93.48% 997.10% 4,103.18% -69.70% -32.88% -33.61% -25.65%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 120.58% -21.58% 24.02% 0.00% 0.00% 40.03% -23.31% 0.74%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -19.92% 50.83% 27.00% 0.00% 0.00% 80.59% 46.09% -9.03%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.47% 45.64% 19.30% 0.00% 0.00% 77.72% 34.38% -6.76%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.47% 16.63% 4.62% 0.00% 0.00% 77.21% 23.23% -7.15%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -4.59% 61.62% 1.98% 0.00% 0.00% 82.29% 14.09% -15.58%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -20.89% 61.96% -15.29% 0.00% 0.00% 81.44% 14.09% -15.58%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% -67.79% 62.60% -8.81% 0.00% 0.00% 24.25% -26.34% -8.12%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -209.41% 12.31% 0.00% 0.00% 0.00% -4.97% 12.13%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -478.46% 80.58% 28.87% 0.00% 0.00% -15.05% -8.43% -19.16%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.70% 29.24% 24.96% 18.59% 33.23% 46.39% 53.82% 43.77% 27.22% 19.45% 23.50%
EBITDA Margin		 -49.04% -71.88% -63.05% -80.08% -51.94% -73.23% -285.43% -2,303.01% -105.66% -67.36% -134.51%
Operating Margin		 -58.87% -83.55% -143.43% -139.76% -107.98% -123.04% -530.05% -2,594.26% -136.94% -128.92% -196.75%
EBIT Margin		 -59.78% -81.88% -129.15% -139.76% -70.41% -104.10% -451.29% -2,768.09% -133.92% -110.19% -196.03%
Profit (Net Income) Margin		 -62.01% -89.62% -207.83% -290.23% -76.73% -119.20% -464.76% -3,174.46% -106.50% -57.02% -192.13%
Tax Burden Percent		 97.19% 101.22% 160.91% 206.43% 100.00% 100.07% 99.91% 100.09% 100.06% 101.61% 100.01%
Interest Burden Percent		 106.73% 108.13% 100.00% 100.60% 108.99% 114.42% 103.07% 114.58% 79.48% 50.93% 98.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -32.76% -62.94% -44.21% 0.00% 0.00% -202.25% -13.80% -86.72% -42.46% -45.34% -66.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 -115.34% -152.06% -147.07% 0.00% 0.00% -50.98% -4.47% 104.95% -4.94% -126.84% 6.04%
Return on Net Nonoperating Assets (RNNOA)		 -28.87% -91.62% -125.22% 0.00% 0.00% 17.29% 1.21% -26.54% 0.55% 21.56% -1.61%
Return on Equity (ROE)		 -61.62% -154.56% -169.43% -1,079.41% 196.06% -184.96% -12.59% -113.26% -41.90% -23.78% -68.58%
Cash Return on Invested Capital (CROIC)		 -13.03% -19.58% 144.37% 0.00% 0.00% -201.00% -204.51% 20.25% -3.11% -4.95% -37.54%
Operating Return on Assets (OROA)		 -31.58% -54.00% -18.51% -26.69% -39.89% -49.87% -11.67% -93.73% -45.60% -41.17% -64.14%
Return on Assets (ROA)		 -32.75% -59.10% -29.78% -55.43% -43.48% -57.11% -12.02% -107.49% -36.26% -21.31% -62.86%
Return on Common Equity (ROCE)		 -61.62% -154.56% -169.43% -1,079.41% 575.16% 413.31% -10.11% -87.16% -23.10% -19.66% -68.54%
Return on Equity Simple (ROE_SIMPLE)		 -69.31% -334.83% -250.25% 467.42% -345.24% -115.37% -7.61% -553.22% -87.96% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -31 -45 -13 -8.83 -4.22 -4.18 -14 -110 -21 -15 -15
NOPAT Margin		 -41.21% -58.48% -100.40% -97.83% -75.58% -86.13% -371.04% -1,815.98% -95.86% -90.24% -137.73%
Net Nonoperating Expense Percent (NNEP)		 82.58% 89.12% 102.86% -311.08% -3.13% -151.27% -9.34% -191.67% -37.51% 81.50% -73.01%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -79.17% -38.12% -66.09%
Cost of Revenue to Revenue		 70.30% 70.76% 75.04% 81.41% 66.77% 53.61% 46.18% 56.23% 72.78% 80.55% 76.50%
SG&A Expenses to Revenue		 30.55% 27.13% 76.62% 83.05% 70.35% 112.85% 347.50% 397.14% 72.24% 74.93% 73.93%
R&D to Revenue		 13.02% 11.51% 46.57% 37.93% 36.78% 24.79% 26.10% 9.96% 4.68% 0.00% 0.00%
Operating Expenses to Revenue		 88.57% 112.79% 168.39% 158.35% 141.21% 169.43% 583.87% 3,041.67% 159.31% 148.37% 220.25%
Earnings before Interest and Taxes (EBIT)		 -46 -63 -16 -13 -3.93 -5.05 -17 -168 -29 -18 -22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -37 -55 -7.94 -7.23 -2.90 -3.55 -11 -140 -23 -11 -15
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.63 0.00 0.00 0.00 0.11 0.50 1.80 0.51 0.43
Price to Tangible Book Value (P/TBV)		 0.00 0.00 1.69 0.00 0.00 0.00 0.15 0.69 2.17 0.55 0.46
Price to Revenue (P/Rev)		 0.00 0.00 0.52 0.65 0.51 2.32 6.60 2.88 2.18 1.21 0.90
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 3.64 0.00 0.00 4.88 0.00 0.88 1.53 0.27 0.32
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.47 0.39 1.71 4.67 0.00 8.58 2.78 0.43 0.57
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.14 4.75 0.00 0.00 0.00 2.02 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.39 2.04 0.00 -0.02 0.40 0.44 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.29 1.19 0.00 0.00 0.00 0.13 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.25 0.60 0.85 -2.30 0.94 -0.34 -0.27 -0.25 -0.11 -0.17 -0.27
Leverage Ratio		 1.88 2.62 5.69 19.47 -4.51 3.24 1.05 1.05 1.16 1.12 1.09
Compound Leverage Factor		 2.01 2.83 5.69 19.59 -4.91 3.71 1.08 1.21 0.92 0.57 1.07
Debt to Total Capital		 28.30% 67.10% 0.00% -1.82% 28.37% 30.51% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 7.78% 27.84% 0.00% -1.82% 28.37% 21.18% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 20.52% 39.26% 0.00% 0.00% 0.00% 9.32% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 487.81% 163.28% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.71% 50.91% 34.21% 0.05% 0.08%
Common Equity to Total Capital		 71.70% 32.90% 100.00% 101.82% -416.18% -93.78% 84.29% 49.09% 65.79% 99.95% 99.92%
Debt to EBITDA		 -0.72 -0.76 0.00 -0.01 -0.17 -0.62 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 -0.49 -0.64 0.00 0.32 0.61 0.10 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -0.52 -0.44 0.00 0.00 0.00 -0.19 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.86 -0.93 0.00 -0.01 -0.12 -0.53 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 -0.58 -0.79 0.00 0.27 0.42 0.09 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -0.62 -0.55 0.00 0.00 0.00 -0.16 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 -3.07 -26.57 -33.22 -23.74 1.38 -12.76 -9.79 -12.33 -25.42
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% -193.36% 323.46% 19.71% 23.05% 44.86% 17.34% 0.06%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.79 0.71 1.08 0.36 0.29 0.36 15.06 1.66 2.53 4.57 4.82
Quick Ratio		 0.48 0.42 0.04 0.15 0.08 0.12 10.83 0.86 0.11 3.33 3.87
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -12 -14 41 0.75 -12 -9.34 -204 26 -1.54 -1.63 -8.63
Operating Cash Flow to CapEx		 -4,427.72% -7,372.57% -7,288.62% -13,608.93% 0.00% 0.00% -27.89% -174.53% 0.00% -51.16% -232.11%
Free Cash Flow to Firm to Interest Expense		 -4.07 -2.73 0.00 9.84 -32.99 -12.83 -396.27 0.00 -1.30 0.00 0.00
Operating Cash Flow to Interest Expense		 -7.56 -3.43 0.00 -100.28 -5.14 -3.55 -55.27 0.00 -5.56 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -7.73 -3.48 0.00 -101.01 -5.14 -3.55 -253.40 0.00 -3.11 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.53 0.66 0.14 0.19 0.57 0.48 0.03 0.03 0.34 0.37 0.33
Accounts Receivable Turnover		 5.27 6.11 1.87 5.92 7.38 15.32 16.72 34.24 0.00 0.00 0.00
Inventory Turnover		 5.04 5.07 1.65 5.49 3.76 3.96 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 18.14 21.73 8.18 602.00 1,394.75 0.00 0.00 0.00 0.75 0.72 0.61
Accounts Payable Turnover		 5.21 5.05 1.39 1.91 0.86 0.85 1.06 1.61 5.94 7.56 10.73
Days Sales Outstanding (DSO)		 69.22 59.70 195.58 61.70 49.43 23.83 21.83 10.66 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 72.47 72.01 221.05 66.51 97.15 92.06 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 70.09 72.31 263.31 190.64 426.88 427.57 342.90 226.72 61.43 48.31 34.01
Cash Conversion Cycle (CCC)		 71.60 59.41 153.32 -62.43 -280.30 -311.68 -321.07 -216.06 -61.43 -48.31 -34.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 86 56 1.63 -7.95 -0.52 4.65 195 59 40 26 20
Invested Capital Turnover		 0.79 1.08 0.44 -2.86 -1.32 2.35 0.04 0.05 0.44 0.50 0.49
Increase / (Decrease) in Invested Capital		 -19 -31 -54 -9.58 7.43 5.17 191 -136 -19 -13 -6.77
Enterprise Value (EV)		 0.00 0.00 5.95 3.55 9.55 23 -7.41 52 61 7.12 6.35
Market Capitalization		 0.00 0.00 6.55 5.89 2.86 11 25 18 48 20 10
Book Value per Share		 $1.80 $10.28 $0.16 ($2.90) ($1.96) ($0.86) $28.89 $0.55 $1.85 $1.85 $0.69
Tangible Book Value per Share		 ($0.79) ($19.28) $0.06 ($5.35) ($2.96) ($1.37) $20.88 $0.40 $1.53 $1.71 $0.64
Total Capital		 95 62 10 -5.51 1.73 7.21 270 71 40 39 23
Total Debt		 27 42 0.00 0.10 0.49 2.20 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 20 24 0.00 0.00 0.00 0.67 0.00 0.00 0.00 0.00 0.00
Net Debt		 18 35 -0.60 -2.34 -1.76 -0.36 -74 -1.54 -0.59 -13 -3.71
Capital Expenditures (CapEx)		 0.52 0.24 0.12 0.06 0.00 0.00 102 18 -2.91 8.94 6.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -11 -1.84 5.21 -6.38 -4.36 -2.65 19 2.54 7.58 0.94 3.17
Debt-free Net Working Capital (DFNWC)		 -2.46 4.72 5.81 -6.04 -4.21 -2.19 73 4.08 8.16 14 6.88
Net Working Capital (NWC)		 -9.85 -13 5.81 -6.14 -4.71 -3.72 73 4.08 8.16 14 6.88
Net Nonoperating Expense (NNE)		 16 24 14 17 0.06 1.60 3.49 83 2.33 -5.52 6.08
Net Nonoperating Obligations (NNO)		 18 35 -8.83 -2.34 -1.76 -0.36 -74 -12 -0.59 -13 -3.71
Total Depreciation and Amortization (D&A)		 8.18 7.64 8.33 5.39 1.03 1.50 6.17 28 6.19 7.11 6.88
Debt-free, Cash-free Net Working Capital to Revenue		 -14.61% -2.41% 41.33% -70.69% -78.20% -54.64% 506.96% 41.81% 34.59% 5.64% 28.33%
Debt-free Net Working Capital to Revenue		 -3.23% 6.17% 46.09% -66.91% -75.53% -45.13% 1,968.12% 67.20% 37.27% 83.65% 61.49%
Net Working Capital to Revenue		 -12.94% -16.47% 46.09% -68.02% -84.33% -76.63% 1,968.12% 67.20% 37.27% 83.65% 61.49%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1,736.00) ($1,927.52) ($294.56) ($110.60) ($11.13) ($6.86) ($4.06) ($20.37) ($1.93) ($4.80) ($7.37)
Adjusted Weighted Average Basic Shares Outstanding		 27.11K 35.52K 88.89K 236.98K 384.64K 1.12M 9.08M 9.47M 12.13M 1.98M 2.91M
Adjusted Diluted Earnings per Share		 ($1,736.00) ($1,927.52) ($294.56) ($110.60) ($11.13) ($6.86) ($4.06) ($20.37) ($1.93) ($4.80) ($7.37)
Adjusted Weighted Average Diluted Shares Outstanding		 32.28K 1.19M 161.63K 322.58K 384.64K 1.12M 9.08M 9.47M 12.13M 1.98M 2.91M
Adjusted Basic & Diluted Earnings per Share		 ($1,736.00) ($1,927.52) ($294.56) ($110.60) ($11.13) ($6.86) ($4.06) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 32.28K 1.19M 161.63K 322.58K 384.64K 840.65K 4.41M 10.56M 17.80M 2.62M 3.77M
Normalized Net Operating Profit after Tax (NOPAT)		 -24 -21 -11 -8.83 -4.17 -3.98 -13 -30 -18 -11 -9.00
Normalized NOPAT Margin		 -31.37% -26.96% -87.66% -97.83% -74.71% -82.00% -355.61% -493.84% -81.18% -65.95% -80.52%
Pre Tax Income Margin		 -63.80% -88.54% -129.15% -140.60% -76.73% -119.12% -465.16% -3,171.73% -106.44% -56.12% -192.11%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -14.85 -12.30 0.00 -166.05 -11.13 -6.93 -32.53 0.00 -24.80 0.00 0.00
NOPAT to Interest Expense		 -10.24 -8.78 0.00 -116.24 -11.95 -5.74 -26.75 0.00 -17.75 0.00 0.00
EBIT Less CapEx to Interest Expense		 -15.02 -12.34 0.00 -166.79 -11.13 -6.93 -230.67 0.00 -22.34 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -10.41 -8.83 0.00 -116.97 -11.95 -5.74 -224.88 0.00 -15.29 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1.31% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -2.14% 0.00% -3.90% -1.61% 0.00% 0.00% -1.31% 0.00% 0.00% -1.14% -2.01%

Quarterly Metrics And Ratios for Sphere 3D

This table displays calculated financial ratios and metrics derived from Sphere 3D's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 11,900,464.00 14,355,336.00 17,796,326.00 18,305,239.00 20,743,205.00 21,238,243.00 26,178,282.00 26,457,905.00 28,320,832.00 33,729,165.00 3,767,086.00
DEI Adjusted Shares Outstanding		 11,900,464.00 14,355,336.00 17,796,326.00 18,305,239.00 20,743,205.00 21,238,243.00 26,178,282.00 26,457,905.00 28,320,832.00 33,729,165.00 3,767,086.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.53 -0.61 -0.25 0.12 0.01 -0.34 -0.34 0.06 -0.15 -0.30 -1.09
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 322.12% 438.52% 129.54% -14.64% -58.86% -65.66% -59.44% -35.32% 11.38% 3.10% -31.98%
EBITDA Growth		 67.09% 86.28% 98.34% -74.32% 87.75% 48.18% -7,742.22% 74.72% -339.69% -19.10% 16.12%
EBIT Growth		 69.10% 85.51% 50.11% -58.11% 64.13% 42.73% -175.19% 53.40% -78.15% -16.91% 20.06%
NOPAT Growth		 38.03% 87.02% 50.11% -73.57% 32.07% 42.73% -178.03% 54.01% 7.24% -16.91% 20.39%
Net Income Growth		 69.09% 92.51% -28.32% 144.62% 101.65% 17.70% -96.23% -21.52% -4,184.62% -40.09% 53.26%
EPS Growth		 76.64% 94.17% 20.59% 122.73% 101.00% 17.70% 0.00% -40.00% -3,100.00% -40.09% 0.00%
Operating Cash Flow Growth		 -11.58% 79.06% 64.63% -76.26% 107.27% -170.97% -6,931.03% -77.49% -1,295.52% -80.09% 8.83%
Free Cash Flow Firm Growth		 0.00% 0.00% 140.82% 134.10% 129.11% -17.78% -100.26% -105.19% -88.45% -104.64% 7,830.22%
Invested Capital Growth		 0.00% -32.88% -45.51% -47.68% -38.41% -33.61% -12.94% -6.38% -15.79% -25.65% -29.88%
Revenue Q/Q Growth		 4.72% 34.35% -9.67% -32.82% -49.53% 12.14% 6.66% 7.14% -13.09% 3.81% -29.64%
EBITDA Q/Q Growth		 -93.66% -213.31% 99.66% -8,453.33% 86.39% -1,224.81% 49.16% 72.84% -136.79% -258.85% 64.20%
EBIT Q/Q Growth		 -75.94% -140.47% 87.69% -203.59% 60.09% -283.95% 40.85% 49.11% -52.58% -151.96% 59.55%
NOPAT Q/Q Growth		 -36.37% -136.71% 87.69% -336.81% 46.63% -99.57% 40.24% 27.75% -7.65% -151.52% 59.31%
Net Income Q/Q Growth		 -32.50% -39.12% 48.97% 147.44% -95.10% -7,043.27% -21.66% 118.98% -354.83% -138.14% 59.41%
EPS Q/Q Growth		 -13.64% -44.00% 62.50% 137.04% -95.00% -7,043.27% 0.00% 118.75% -350.00% -138.14% 0.00%
Operating Cash Flow Q/Q Growth		 -113.37% 86.02% 89.61% -5,582.76% 108.80% -621.38% -169.71% -43.45% 40.74% 21.46% -36.54%
Free Cash Flow Firm Q/Q Growth		 4.25% 117.27% 146.01% -16.16% -18.26% -51.23% -100.76% -1,602.97% 282.02% -119.57% 1,374.24%
Invested Capital Q/Q Growth		 -6.91% -15.05% -30.45% -4.87% 9.59% -8.43% -8.80% 2.29% -1.43% -19.16% -13.99%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.16% 36.48% 37.99% 15.15% -15.97% 9.84% 22.12% 23.76% 25.39% 22.81% 16.34%
EBITDA Margin		 -74.70% -174.21% -0.65% -82.49% -22.25% -262.86% -125.28% -32.24% -87.84% -303.64% -154.49%
Operating Margin		 -111.88% -197.13% -26.86% -122.40% -218.81% -328.70% -184.17% -87.04% -153.83% -372.71% -215.55%
EBIT Margin		 -110.13% -197.13% -26.86% -121.41% -96.01% -328.70% -182.29% -87.48% -153.56% -372.71% -214.25%
Profit (Net Income) Margin		 -110.19% -114.10% -64.45% 45.52% 4.42% -273.42% -311.86% 55.24% -161.95% -371.50% -214.30%
Tax Burden Percent		 99.89% 103.14% 239.93% 99.91% 59.09% 74.02% 100.00% 99.88% 100.00% 73.77% 100.02%
Interest Burden Percent		 100.16% 56.12% 100.00% -37.53% -7.78% 112.38% 171.08% -63.22% 105.46% 135.12% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.09% 40.91% 0.00% 0.00% 0.12% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -52.39% -61.11% -12.40% -79.97% -74.10% -115.61% -62.25% -37.00% -45.05% -126.86% -75.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 395.27% -90.69% 15.41% -151.14% -123.63% -98.71% 2.26% -76.15% -28.47% -90.71% -51.04%
Return on Net Nonoperating Assets (RNNOA)		 -6.77% 10.12% -3.47% 33.75% 17.80% 16.78% -0.53% 22.93% 6.96% 24.12% 9.87%
Return on Equity (ROE)		 -59.16% -50.99% -15.87% -46.22% -56.30% -98.83% -62.78% -14.08% -38.08% -102.74% -65.93%
Cash Return on Invested Capital (CROIC)		 0.00% -3.11% 8.65% 9.30% -4.12% -4.95% -53.15% -52.96% -37.03% -37.54% -36.50%
Operating Return on Assets (OROA)		 -29.15% -67.12% -11.87% -52.70% -40.24% -122.83% -59.69% -24.16% -45.23% -121.94% -78.64%
Return on Assets (ROA)		 -29.17% -38.85% -28.49% 19.76% 1.85% -102.17% -102.11% 15.25% -47.70% -121.55% -78.66%
Return on Common Equity (ROCE)		 -40.06% -28.12% -9.01% -28.88% -43.40% -81.69% -53.98% -12.79% -35.44% -102.68% -65.89%
Return on Equity Simple (ROE_SIMPLE)		 -408.86% 0.00% -88.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -4.48 -11 -1.31 -5.71 -3.04 -6.08 -3.63 -2.62 -2.82 -7.10 -2.89
NOPAT Margin		 -78.32% -137.99% -18.81% -122.28% -129.30% -230.09% -128.92% -86.94% -107.68% -260.90% -150.89%
Net Nonoperating Expense Percent (NNEP)		 -447.66% 29.57% -27.81% 71.17% 49.53% -16.90% -64.51% 39.15% -16.57% -36.15% -24.77%
Return On Investment Capital (ROIC_SIMPLE)		 - -40.01% -4.75% -17.06% -8.49% -15.46% -11.83% -8.02% -9.57% -30.49% -14.46%
Cost of Revenue to Revenue		 78.84% 63.52% 62.01% 84.85% 115.97% 90.16% 77.88% 76.24% 74.61% 77.19% 83.66%
SG&A Expenses to Revenue		 59.38% 69.19% 49.70% 63.99% 128.75% 112.65% 112.50% 70.44% 68.05% 43.55% 127.92%
R&D to Revenue		 6.32% 2.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 133.04% 219.79% 64.86% 137.55% 202.85% 338.55% 206.28% 110.80% 179.22% 395.52% 231.89%
Earnings before Interest and Taxes (EBIT)		 -6.30 -15 -1.87 -5.67 -2.26 -8.68 -5.14 -2.64 -4.03 -10 -4.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -4.28 -13 -0.05 -3.85 -0.52 -6.94 -3.53 -0.97 -2.30 -8.27 -2.96
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.49 1.80 1.00 0.59 0.52 0.51 0.34 0.48 0.71 0.43 0.27
Price to Tangible Book Value (P/TBV)		 0.62 2.17 1.18 0.67 0.58 0.55 0.37 0.51 0.76 0.46 0.29
Price to Revenue (P/Rev)		 1.01 2.18 1.06 0.79 0.87 1.21 0.84 1.44 1.88 0.90 0.53
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.65 1.53 1.00 0.48 0.41 0.27 0.16 0.31 0.64 0.32 0.14
Enterprise Value to Revenue (EV/Rev)		 1.94 2.78 1.07 0.50 0.54 0.43 0.30 0.69 1.40 0.57 0.23
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 8.13 3.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.02 -0.11 -0.23 -0.22 -0.14 -0.17 -0.24 -0.30 -0.24 -0.27 -0.19
Leverage Ratio		 1.24 1.16 1.16 1.17 1.17 1.12 1.13 1.08 1.07 1.09 1.10
Compound Leverage Factor		 1.24 0.65 1.16 -0.44 -0.09 1.25 1.93 -0.68 1.13 1.47 1.10
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 32.29% 34.21% 25.63% 16.60% 11.93% 0.05% 0.06% 0.06% 0.06% 0.08% 0.09%
Common Equity to Total Capital		 67.71% 65.79% 74.37% 83.40% 88.07% 99.95% 99.94% 99.95% 99.94% 99.92% 99.91%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -9.68 -8.77 -11.14 -10.78 -10.43 -11.60 -17.17 -12.94 -12.91 -23.87 -29.04
Noncontrolling Interest Sharing Ratio		 32.29% 44.86% 43.21% 37.52% 22.91% 17.34% 14.02% 9.17% 6.94% 0.06% 0.07%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.78 2.53 2.28 4.39 4.09 4.57 2.74 6.69 6.28 4.82 3.90
Quick Ratio		 0.12 0.11 1.86 3.51 3.35 3.33 2.41 6.10 4.98 3.87 2.86
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -51 8.85 22 18 15 7.28 -0.06 -0.95 1.72 -0.34 4.30
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 6.26% -35.06% -524.16% -2,925.00% -170.70% -69.20% 0.00%
Free Cash Flow to Firm to Interest Expense		 -5,125.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -399.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -357.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.26 0.34 0.44 0.43 0.42 0.37 0.33 0.28 0.29 0.33 0.37
Accounts Receivable Turnover		 95.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.59 0.75 0.97 1.04 0.87 0.72 0.57 0.55 0.52 0.61 0.60
Accounts Payable Turnover		 4.89 5.94 10.05 9.67 10.40 7.56 6.05 15.19 22.82 10.73 8.36
Days Sales Outstanding (DSO)		 3.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 74.57 61.43 36.30 37.76 35.09 48.31 60.30 24.03 15.99 34.01 43.68
Cash Conversion Cycle (CCC)		 -70.74 -61.43 -36.30 -37.76 -35.09 -48.31 -60.30 -24.03 -15.99 -34.01 -43.68
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 47 40 28 26 29 26 24 25 24 20 17
Invested Capital Turnover		 0.67 0.44 0.66 0.65 0.57 0.50 0.48 0.43 0.42 0.49 0.50
Increase / (Decrease) in Invested Capital		 47 -19 -23 -24 -18 -13 -3.58 -1.68 -4.55 -6.77 -7.19
Enterprise Value (EV)		 30 61 28 13 12 7.12 3.78 7.51 16 6.35 2.34
Market Capitalization		 16 48 27 20 19 20 10 16 21 10 5.46
Book Value per Share		 $2.71 $1.85 $1.54 $1.83 $1.73 $1.85 $1.17 $1.24 $1.04 $0.69 $5.31
Tangible Book Value per Share		 $2.15 $1.53 $1.31 $1.62 $1.56 $1.71 $1.07 $1.15 $0.97 $0.64 $4.98
Total Capital		 48 40 37 40 41 39 31 33 30 23 20
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -0.82 -0.59 -9.31 -14 -12 -13 -6.67 -8.12 -5.28 -3.71 -3.15
Capital Expenditures (CapEx)		 -0.41 -0.36 0.00 0.00 4.63 4.31 0.78 0.20 2.03 3.94 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.27 7.58 -2.90 -0.47 -0.95 0.94 -0.50 1.51 3.07 3.17 1.85
Debt-free Net Working Capital (DFNWC)		 -1.45 8.16 6.41 13 11 14 6.17 9.63 8.34 6.88 5.00
Net Working Capital (NWC)		 -1.45 8.16 6.41 13 11 14 6.17 9.63 8.34 6.88 5.00
Net Nonoperating Expense (NNE)		 1.82 -1.84 3.17 -7.83 -3.15 1.14 5.15 -4.29 1.42 3.01 1.22
Net Nonoperating Obligations (NNO)		 -0.82 -0.59 -9.31 -14 -12 -13 -6.67 -8.12 -5.28 -3.71 -3.15
Total Depreciation and Amortization (D&A)		 2.03 1.76 1.82 1.82 1.74 1.74 1.61 1.67 1.72 1.88 1.15
Debt-free, Cash-free Net Working Capital to Revenue		 -14.50% 34.59% -11.23% -1.87% -4.38% 5.64% -4.01% 13.92% 27.62% 28.33% 18.03%
Debt-free Net Working Capital to Revenue		 -9.29% 37.27% 24.82% 53.30% 50.57% 83.65% 49.41% 88.87% 75.17% 61.49% 48.62%
Net Working Capital to Revenue		 -9.29% 37.27% 24.82% 53.30% 50.57% 83.65% 49.41% 88.87% 75.17% 61.49% 48.62%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.50) ($0.72) ($0.27) $0.11 $0.01 ($36.50) ($3.20) $0.06 ($0.15) ($34.70) ($1.18)
Adjusted Weighted Average Basic Shares Outstanding		 12.65M 12.13M 16.58M 18.71M 20.73M 198.02K 2.72M 27.70M 28.51M 291.46K 3.48M
Adjusted Diluted Earnings per Share		 ($0.50) ($0.72) ($0.27) $0.10 $0.01 ($36.50) ($3.20) $0.06 ($0.15) ($34.70) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 12.65M 12.13M 16.58M 20.88M 22.32M 198.02K 2.72M 27.72M 28.51M 291.46K 4.24M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.72) $0.00 $0.00 $0.00 ($36.50) $0.00 $0.00 $0.00 ($34.70) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.36M 17.80M 18.31M 20.74M 21.24M 2.62M 2.65M 28.32M 33.73M 376.71K 4.24M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.26 -8.59 -1.31 -4.16 -3.04 -4.08 -3.07 -2.57 -1.92 -7.10 -2.72
Normalized NOPAT Margin		 -56.98% -111.76% -18.81% -89.07% -129.30% -154.45% -108.84% -85.25% -73.18% -260.90% -142.08%
Pre Tax Income Margin		 -110.31% -110.62% -26.86% 45.56% 7.47% -369.41% -311.86% 55.30% -161.95% -503.60% -214.25%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -630.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -448.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -589.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -407.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -1.14% 0.00% 0.00% -1.03% -2.01% -2.87%

Financials Breakdown Chart

Key Financial Trends

Sphere 3D’s latest financial statements show improving losses but continued operating pressure. Revenue fell to $1.9 million in Q1 2026 from $2.7 million in Q4 2025 and $3.0 million in Q2 2025. Gross profit declined to $313,000, producing a gross margin of approximately 16%, compared with 23% in Q4 2025 and 24% in Q3 2025.

The company’s net loss narrowed to $4.1 million in Q1 2026 from $10.1 million in Q4 2025 and $8.8 million in Q1 2025. However, Sphere 3D has not yet achieved sustainable profitability, and operating cash flow remained negative. The balance sheet continues to show low reported liabilities, but cash reserves have declined substantially from 2024 levels.

  • Net losses improved sequentially. The Q1 2026 net loss of $4.1 million was substantially better than the $10.1 million loss in Q4 2025 and the $13.7 million pretax loss reported for that quarter.
  • Operating expenses declined from the prior quarter. Total operating expenses fell to $4.4 million in Q1 2026 from $10.8 million in Q4 2025. Selling, general and administrative expense also declined to $2.5 million from $3.2 million.
  • Liabilities remain relatively low. Total liabilities were $1.7 million at March 31, 2026, compared with $31.1 million in total assets. The company reported no noncurrent liabilities, which limits traditional debt-related pressure.
  • Sphere 3D retained a sizable equity cushion. Total common equity was reported at approximately $20.0 million, although the balance includes a large accumulated retained-earnings deficit.
  • Investing activities provided cash in Q1 2026. Net investing cash flow was positive $2.8 million, primarily from other investing activities. This helped offset part of the company’s operating cash burn, but the sustainability of these inflows is uncertain.
  • Capital spending has become less intensive. Sphere 3D reported no purchases of property, plant and equipment in Q1 2026, compared with $4.0 million in Q4 2025 and $2.3 million in Q3 2025. This may support near-term liquidity, but it could also reflect reduced expansion or investment.
  • Revenue is trending sharply lower. Quarterly revenue declined from $7.7 million in Q4 2023 and $6.9 million in Q1 2024 to $1.9 million in Q1 2026. The lower revenue base makes it more difficult for the company to absorb fixed operating costs.
  • Gross margins remain too weak to cover operating costs. Q1 2026 gross profit was only $313,000, while operating expenses totaled $4.4 million. The company posted a $4.1 million operating loss despite generating positive gross profit.
  • Operating cash flow has generally remained negative. Sphere 3D used $3.7 million in operating cash in Q1 2026, following outflows of $2.7 million in Q4 2025, $3.5 million in Q3 2025 and $5.9 million in Q2 2025. This indicates that reported earnings improvements have not translated into self-funded operations.
  • Liquidity has deteriorated from 2024 levels. Cash and equivalents fell to $3.1 million at the end of Q1 2026 from $5.3 million in Q3 2025 and $15.0 million of cash and short-term investments in Q3 2024. At the latest quarterly operating burn rate, cash alone provides limited financial flexibility.

Overall, Sphere 3D has made progress in reducing quarterly losses and operating expenses, while maintaining a low level of reported liabilities. Nevertheless, the company faces a declining revenue base, persistent operating cash burn and reduced liquidity. Investors should monitor whether revenue stabilizes, margins recover and cash flow improves before viewing the recent reduction in losses as a durable turnaround.

08/13/26 06:13 PM ETAI Generated. May Contain Errors.

Sphere 3D Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sphere 3D's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Below is a breakdown of Sphere 3D's net income over the past 5 years:
  • 2021: -$17.29 million
  • 2022: -$192.91 million
  • 2023: -$23.33 million
  • 2024: -$9.47 million
  • 2025: -$21.48 million
Check out Sphere 3D's forecast to explore projected trends and price targets.

Sphere 3D's total operating income in 2025 was -$22.00 million, based on the following breakdown:
  • Total Gross Profit: $2.63 million
  • Total Operating Expenses: $24.63 million

Over the last 10 years, Sphere 3D's total revenue changed from $76.17 million in 2015 to $11.18 million in 2025, a change of -85.3%.

Sphere 3D's total liabilities were at $1.80 million at the end of 2025, a 53.7% decrease from 2024, and a 97.5% decrease since 2015.

In the past 10 years, Sphere 3D's cash and equivalents has ranged from $149 thousand in 2019 to $54.36 million in 2021, and is currently $3.71 million as of their latest financial filing in 2025.

Over the last 10 years, Sphere 3D's book value per share changed from 1.80 in 2015 to 0.69 in 2025, a change of -61.5%.


Related Companies

Financial statements for NASDAQ:ANY last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Louis Navellier: My #1 AI stock for 2026 (name & ticker inside)
Louis Navellier's Stock Grader system helped him flag Nvidia before its 82,000% run and has identified the top...
InvestorPlace | Sponsoredtc pixel
Ready to give options a try? Your first trade (Ticker included) -INSIDE
Tired of trying tactic after tactic when it comes to options trades... only to be met with market noise and st...
Base Camp Trading | Sponsoredtc pixel
Buy this stock today
Marc Chaikin, founder of Chaikin Analytics, is sharing a strategy he calls 'Sell This, Buy That' - a way to mo...
Chaikin Analytics | Sponsoredtc pixel
CODE RED: AI Meltdown Imminent?
After correctly predicting the 2008 and 2020 stock market meltdowns, I believe this AI company is about to tri...
Paradigm Press | Sponsoredtc pixel
My top 3 AI picks for the next decade
Alexander Green bought Apple in 1996, recommended Nvidia at a split-adjusted 66 cents in 2004, and picked up A...
The Oxford Club | Sponsoredtc pixel
Here’s the stock symbol I’ve promised
Whitney Tilson of Stansberry Research has long recommended Berkshire Hathaway as a core retirement holding - b...
Stansberry Research | Sponsoredtc pixel
What's the Best Way to Lower RMD Taxes?
Once you turn 73, the IRS requires you to take distributions from your IRA, 401(k), and other retirement accou...
SmartAsset | Sponsoredtc pixel
Your book is inside
The "Sucker's Bet" Most New Options Traders Fall For Most people who try options lose money the same way. ...
Profits Run | Sponsoredtc pixel