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Sphere 3D Corp.(ANY)Earnings, Financials & Key Ratios
ANY•NASDAQ
$2.73
Price updated Jun 27, 2026
AboutSphere 3D Corp. focuses on operating as a carbon neutral bitcoin mining company. It also provides data management solutions through hybrid cloud, cloud, and on-premises implementations directly and through its reseller network and professional services organization. Its products portfolio includes HVE-STACK high density server, which provides computer and storage appliance for the data centers; HVE-VELOCITY, a high availability dual enclosure storage area network that offers reliability and integrity for optimal data storage, protection, and recovery; HVE 3DGFX, a virtual desktop infrastructure solution; HVE STAGE, a server virtualization platform; and HVE VAULT, an appliance designed to handle requirements for backup and replication storage. In addition, it offers self-service and support services. Sphere 3D Corp. is based in Toronto, Canada.Show more
- Revenue$11M-32.7%
- EBITDA-$6M+60.6%
- Net Income-$21M-126.8%
- EPS (Diluted)-73.70-1435.4%
- Gross Margin23.5%+20.8%
- EBITDA Margin-50.43%+41.4%
- Operating Margin-111.95%+13.2%
- Net Margin-192.13%-236.9%
- ROE-68.62%-188.5%
ANY Price & Volume
Sphere 3D Corp. (ANY) stock price & volume — 10-year historical chart
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Persistent Revenue Contraction Signals Operational Distress Risks
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's fundamental instability is highlighted by a net margin of -2.1% and a critically thin cash position of only $3.1 million as of 2026Q1
Growth:Contracting
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Burning
Primary Risk:Operational insolvency and dilution
"Sphere 3D faces a precarious outlook as its pivot to Bitcoin mining fails to generate sustainable profitability, evidenced by a 32.0% year-over-year revenue decline in 2026Q1. The company's reliance on capital-intensive mining hardware, which has seen net PPE drop to $13.6 million, appears insufficient to offset the structural erosion of its legacy software business. Investors should remain cautious given the $482.4 million accumulated deficit and the persistent inability to achieve positive free cash flow, which suggests significant long-term value destruction."
Verdict Logic
which provides little buffer against ongoing operational losses.
ANY Growth Metrics
Sphere 3D Corp. (ANY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-17.46%
5 Years18.19%
3 Years22.54%
TTM-17.62%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-21.96%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-1084.54%
Return on Capital
10 Years-109.45%
5 Years-49.09%
3 Years-46.83%
Last Year-39.96%
ANY Recent Earnings
Sphere 3D Corp. (ANY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (40%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
May 15, 2026Metric
Actual
Est
EPS
$1.18-63.9%
$0.72
Rev
—
$3M
Q2 2026
Mar 27, 2026Metric
Actual
Est
EPS
$3.27-263.3%
$0.90
Rev
$3M-9.3%
$3M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.13-18.2%
$0.11
Rev
$3M-12.6%
$3M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.10+9.1%
$0.11
Rev
$3M-8.5%
$3M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $1.18vs $0.72-63.9% | —vs $3M |
| Q2 2026 | Mar 27, 2026 | $3.27vs $0.90-263.3% | $3Mvs $3M-9.3% |
| Q4 2025 | Nov 4, 2025 | $0.13vs $0.11-18.2% | $3Mvs $3M-12.6% |
| Q3 2025 | Aug 5, 2025 | $0.10vs $0.11+9.1% | $3Mvs $3M-8.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Sphere 3D Corp. (ANY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.73 | $9.5M | -0.04 | -32.68% | -192.13% | -68.62% | — | |
| $1.99 | $648.02M | -6.42 | -30.65% | -146.01% | -0.11% | — | |
| $25.94 | $10.53B | -12.07 | 48.04% | -512.96% | -115.53% | — | |
| $47.21 | $16.85B | 121.05 | 167.65% | 31.71% | 9.12% | — | |
| $14.54 | $5.54B | -3.94 | 38.2% | -234.83% | -51.65% | — | |
| $28.57 | $10.83B | -14.65 | 71.89% | -132.76% | -28.78% | — |
Compare ANY vs Peers
Sphere 3D Corp. (ANY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ANY SEC Filings & Documents
Sphere 3D Corp. (ANY) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ANY Frequently Asked Questions
Sphere 3D Corp. (ANY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Sphere 3D Corp.'s revenue?
Sphere 3D Corp. (ANY) reported $10.3M in revenue for fiscal year 2025.
How fast is Sphere 3D Corp. growing?
Sphere 3D Corp. (ANY) saw revenue decline by 32.7% over the past year.
Is ANY profitable?
Sphere 3D Corp. (ANY) reported a net loss of $16.8M for fiscal year 2025.
Dividend & Returns
What is ANY's return on equity?
Sphere 3D Corp. (ANY) has a return on equity (ROE) of -68.6%. Negative ROE indicates the company is unprofitable.
What is Sphere 3D Corp.'s free cash flow?
Sphere 3D Corp. (ANY) had negative free cash flow of $22.2M in fiscal year 2025, likely due to heavy capital investments.