Sphere 3D Corp. financials
Source: EDGAR filings · Built 2026-06-19T00:27:54Z
Custom taxonomy namespace:
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -23.62M | -13.52M | -8.14M | -48.40M | -130.76M | -2.58M |
| EBITDA | -15.12M | -14.30M | -23.81M | -129.39M | -14.03M | -4.99M |
| Working Capital | 6.88M | 13.89M | 8.16M | 4.08M | 73.21M | -3.71M |
| Net Debt | — | — | — | -994.00K | -54.35M | 211.00K |
| Gross Margin | 23.50% | 19.45% | 27.22% | 43.77% | 45.65% | 46.39% |
| Operating Margin | -196.75% | -128.92% | -136.94% | -2594.26% | -530.05% | -123.04% |
| Net Margin | -192.13% | -57.02% | -106.50% | -3172.63% | -464.76% | -119.20% |
| Return on Equity (ROE) | -92.20% | -24.09% | -87.96% | -552.90% | -7.61% | -115.37% |
| Return on Assets (ROA) | -85.52% | -21.91% | -51.09% | -232.25% | -6.27% | -48.84% |
| Current Ratio | 4.82× | 4.57× | 2.53× | 1.66× | 15.06× | 0.36× |
| Debt-to-Equity | — | — | — | 0.01× | 0.00× | 0.13× |
| Effective Tax Rate | — | — | — | — | — | -0.07% |
| Cash Conversion Ratio | 0.75× | 0.48× | 0.28× | 0.16× | 1.65× | 0.45× |
| Accruals Ratio | -0.21× | -0.11× | -0.37× | -1.95× | 0.04× | -0.27× |
| SBC % of Revenue | 7.44% | 17.09% | 11.09% | 139.20% | 9.84% | 0.10% |
| CapEx Coverage | -2.15× | -0.51× | -4.22× | -1.75× | -0.28× | — |
| Free Cash Flow Per Share | $-8.10 | $-6.83 | $-0.67 | $-5.11 | $-4.24 | $-0.44 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 11.18M | 16.61M | 21.91M | 6.08M | 3.72M | 4.85M |
| Cost of Goods and Services Sold | 8.55M | 13.38M | — | — | 2.02M | 2.60M |
| Gross Profit | — | — | 5.96M | 2.66M | 1.70M | 2.25M |
| Research and Development Expense | — | 0 | 1.03M | 605.00K | 971.00K | 1.20M |
| Operating Expenses | — | 38.02M | 51.91M | 163.73M | 23.44M | 8.21M |
| Operating Income (Loss) | -22.00M | -21.41M | -30.00M | -157.65M | -19.72M | -5.96M |
| Income Tax Expense (Benefit) | 2.00K | 150.00K | 13.00K | 166.00K | -15.00K | 4.00K |
| Net Income (Loss) Attributable to Parent | -21.48M | -9.47M | — | -192.80M | -17.29M | -5.78M |
| Earnings Per Share, Basic | $-7.37 | $-4.78 | $-1.93 | $-20.36 | $-0.58 | — |
| Weighted Average Number of Shares Outstanding, Basic | 2.91M | 1.98M | 12.13M | 9.47M | 30.86M | — |
| Earnings Per Share, Diluted | $-7.37 | $-4.78 | $-1.93 | $-20.36 | $-0.58 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 2.91M | 1.98M | 12.13M | 9.47M | 30.86M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 3.71M | 5.42M | 586.00K | 1.34M | 54.35M | 461.00K |
| Assets, Current | 8.68M | 17.79M | 13.51M | 10.28M | 78.42M | 2.09M |
| Assets | 25.12M | 43.23M | 45.66M | 83.02M | 275.92M | 11.83M |
| Liabilities, Current | 1.80M | 3.90M | 5.35M | 6.20M | 5.21M | 5.80M |
| Liabilities | — | — | 5.35M | 11.98M | 6.30M | 6.82M |
| Stockholders' Equity Attributable to Parent | 23.30M | 39.31M | 26.52M | 34.87M | 227.28M | 5.01M |
| Common Stock, Shares, Outstanding | 3.39M | 2.55M | 15.37M | 9.80M | 63.57M | 7.87M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -16.12M | -4.58M | -6.58M | -30.77M | -28.52M | -2.58M |
| Payments to Acquire Property, Plant, and Equipment | 7.50M | 8.94M | 1.56M | 17.63M | 102.24M | 0 |
| Net Cash Provided by (Used in) Investing Activities | 9.99M | 4.03M | 2.56M | -22.04M | -122.69M | -2.00M |
| Net Cash Provided by (Used in) Financing Activities | 4.41M | 5.39M | 3.06M | 0 | 205.10M | 4.90M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -3.72M | -6.73M | -16.89M | -11.15M | -5.10M | -5.82M |
| EBITDA | -2.98M | -8.27M | -2.31M | -960.00K | -3.58M | -6.94M |
| Working Capital | 5.00M | 6.88M | 8.34M | 9.63M | 6.17M | 13.89M |
| Gross Margin | 16.34% | — | 25.39% | 23.76% | 22.12% | — |
| Operating Margin | -215.55% | -372.71% | -153.83% | -87.04% | -184.17% | -328.70% |
| Net Margin | -214.30% | -371.50% | -161.95% | 55.24% | -311.86% | -273.42% |
| Return on Equity (ROE) | -20.54% | -43.42% | -14.39% | 5.10% | -28.61% | -18.37% |
| Return on Assets (ROA) | -18.89% | -40.27% | -13.65% | 4.84% | -25.63% | -16.70% |
| Current Ratio | 3.90× | 4.82× | 6.28× | 6.69× | 2.74× | 4.57× |
| Cash Conversion Ratio | 0.91× | 0.27× | 3.15× | -5.96× | 0.46× | 0.21× |
| Accruals Ratio | -0.02× | -0.29× | 0.29× | 0.34× | -0.14× | -0.13× |
| SBC % of Revenue | 16.96% | 8.48% | 22.91% | 12.89% | 2.52% | 17.76% |
| CapEx Coverage | — | -0.68× | -3.83× | -8.10× | -3.98× | -0.35× |
| Free Cash Flow Per Share | $-1.07 | $-2.31 | $-0.59 | $-0.40 | $-0.19 | $-2.94 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 1.92M | 2.72M | 2.62M | 3.02M | 2.82M | 2.64M |
| Cost of Revenue | 1.60M | — | 1.96M | 2.30M | 2.19M | — |
| Research and Development Expense | — | — | — | — | — | 0 |
| Operating Expenses | — | — | — | — | — | 11.32M |
| Operating Income (Loss) | -4.13M | -10.15M | -4.04M | -2.63M | -5.19M | -8.68M |
| Income Tax Expense (Benefit) | 1.00K | 0 | 0 | 2.00K | 0 | 76.00K |
| Net Income (Loss) Attributable to Parent | -4.11M | -10.12M | -4.25M | 1.67M | -8.79M | -7.22M |
| Earnings Per Share, Basic | $-1.18 | $-3.27 | $-0.15 | $0.06 | $-3.23 | $-3.58 |
| Weighted Average Number of Shares Outstanding, Basic | 3.48M | 2.91M | 28.51M | 27.70M | 2.72M | 1.98M |
| Earnings Per Share, Diluted | — | $-3.27 | $-0.15 | $0.06 | $-0.32 | $-3.58 |
| Weighted Average Number of Shares Outstanding, Diluted | — | 2.91M | 28.51M | 27.72M | 27.20M | 1.98M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 3.15M | 3.71M | 5.28M | 4.70M | 2.79M | 5.42M |
| Assets, Current | 6.72M | 8.68M | 9.92M | 11.32M | 9.72M | 17.79M |
| Assets | 21.74M | 25.12M | 31.11M | 34.42M | 34.27M | 43.23M |
| Liabilities, Current | 1.73M | 1.80M | 1.58M | 1.69M | 3.55M | 3.90M |
| Stockholders' Equity Attributable to Parent | 20.00M | 23.30M | 29.52M | 32.71M | 30.71M | 39.31M |
| Common Stock, Shares, Outstanding | 3.77M | 3.39M | 29.36M | 27.95M | 26.18M | 2.55M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.72M | -2.72M | -13.39M | -9.93M | -4.08M | -1.51M |
| Payments to Acquire Property, Plant, and Equipment | 0 | 4.00M | 3.49M | 1.23M | 1.02M | 4.31M |
| Net Cash Provided by (Used in) Investing Activities | 2.79M | -2.60M | 12.60M | 9.10M | 1.33M | -3.40M |
| Net Cash Provided by (Used in) Financing Activities | 368.00K | 3.76M | 650.00K | 108.00K | 108.00K | 5.39M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ANY CIK 0001591956),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.