Sphere 3D (ANY) Financial Statements & Analysis

Sphere 3D (ANY) Income Statement

Sphere 3D reported revenue of $11.18M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 32.7% from $16.61M a year earlier. Sphere 3D posted a net loss of $21.48M, compared with a net loss of $9.47M a year earlier. Gross margin was 23.5% and operating margin -196.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $2.45M, down 18.8% from the same quarter a year earlier.

Sphere 3D Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Sphere 3D Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	11.18	16.61	21.91	6.08	6.08	3.72	3.72	4.85	4.85	5.58	9.03	81.52
Cost of Revenue	8.55	13.38	15.94	3.42	3.42	1.72	1.72	2.60	2.60	3.73	7.35	56.84
Gross Profit	2.63	3.23	5.96	2.66	2.66	2.00	2.00	2.25	2.25	1.85	1.68	24.68
Operating Expenses
Research & Development	0.00	0.00	1.03	0.61	0.61	0.97	0.97	1.20	1.20	2.05	3.43	7.28
Selling, General & Administrative	8.27	12.45	16.77	25.14	25.14	14.24	14.24	6.73	6.73	5.76	10.87	38.79
Operating Expenses	24.63	19.56	32.50	160.31	70.08	21.72	20.90	8.21	7.93	7.88	14.30	46.08
Operating Income	-22.00	-16.33	-26.54	-157.65	-67.42	-19.72	-18.90	-5.97	-5.68	-6.02	-12.62	-23.92
Other Income/Expense
Interest Income	0.00	8.98	1.06	2.58	2.58	2.93	2.93	0.92	-	2.10	0.00	0.00
Interest Expense	0.00	0.00	1.18	0.00	-	0.52	0.52	0.73	-0.73	0.35	0.08	5.91
Other Income/Expense	0.52	7.01	4.40	-35.09	-127.91	2.41	-0.82	0.19	0.14	1.74	-0.07	1.80
Income
Income Before Tax	-21.48	-9.32	-23.32	-192.75	-192.75	-17.30	-17.30	-5.78	-5.78	-4.28	-12.69	-27.82
Income Tax Expense	0.00	0.15	0.01	0.17	0.17	-0.02	-0.02	0.00	0.00	0.00	0.00	-1.63
Net Income	-21.48	-9.47	-23.41	-192.80	-192.80	-17.29	-17.29	-5.78	-5.78	-4.28	-26.21	-26.18
Net Income - Continuous Operations	-21.48	-9.47	-23.33	-192.80	-192.91	-17.29	-17.29	-5.78	-	-4.28	-26.21	-26.18
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-5.98	-9.22	-15.94	-164.48	-164.48	-11.10	-11.10	-4.08	-4.71	-2.90	-8.75	-10.19
EBIT	-12.86	-16.33	-22.13	-	-192.75	-	-16.79	-	-5.68	-	-	-
Depreciation & Amortization	6.88	7.11	6.19	28.26	28.26	5.69	5.69	0.97	0.97	1.03	3.86	6.09
Earnings Per Share
Basic EPS	-7.00	-5.00	-19.00	-204.00	-204.00	-41.00	-4.00	-69.00	-69.00	-111.00	-1106.00	-2946.00
Diluted EPS	-7.00	-5.00	-19.00	-204.00	-204.00	-41.00	-4.00	-69.00	-69.00	-111.00	-1106.00	-2946.00
Basic Shares Outstanding	2.91	1.98	1.21	0.95	0.95	0.44	4.41	0.08	0.08	0.04	0.02	0.01
Diluted Shares Outstanding	2.91	1.98	1.21	0.95	0.95	0.44	4.41	0.08	0.08	0.04	0.02	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Sphere 3D Financial Statements

What was Sphere 3D's revenue in fiscal 2025?

Sphere 3D reported revenue of $11.18M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 32.7% from $16.61M a year earlier.

Is Sphere 3D profitable?

No. Sphere 3D reported a net loss of $21.48M in fiscal 2025. In fiscal 2024 it lost $9.47M.

What is Sphere 3D's operating margin?

Sphere 3D's operating income was −$22.00M on revenue of $11.18M in fiscal 2025, an operating margin of -196.8%, compared with -98.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition