ANY · Sphere 3d Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $11.18M | $16.61M | $21.91M | $6.08M | $3.72M | $4.85M |
| Cost of Revenue | $13.38M | - | - | - | $2.02M | $2.60M |
| Gross Profit | ($2.20M) | - | $2.66M | - | $1.70M | $2.25M |
| R&D | - | $0 | $1.03M | $605.0K | $971.0K | $1.20M |
| SG&A | $8.27M | $12.45M | $15.82M | $24.13M | $18.31M | $5.47M |
| Total Operating Expenses | $38.02M | $38.02M | $51.91M | $163.75M | $21.42M | $8.21M |
| D&A | $6.88M | $7.11M | $6.19M | $28.26M | $5.68M | $971.0K |
| Operating Income | ($22.00M) | ($21.41M) | ($30.00M) | ($157.67M) | ($19.72M) | ($5.96M) |
| Interest Expense | - | $0 | $1.18M | $0 | $21.0K | $274.0K |
| Income Tax | $2.0K | $150.0K | $13.0K | $166.0K | ($15.0K) | $4.0K |
| Net Income | ($9.47M) | ($9.47M) | ($23.33M) | ($192.80M) | ($17.29M) | ($5.78M) |
| EPS - Basic | ($7.37) | ($4.80) | ($19.30) | ($40.60) | - | - |
| EPS - Diluted | ($7.37) | ($4.80) | ($19.30) | ($40.60) | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.71M | $5.42M | $586.0K | $1.34M | $54.35M | $461.0K |
| Accounts Receivable | - | - | $0 | $174.0K | $181.0K | $264.0K |
| Inventory | - | - | - | - | $0 | $558.0K |
| Accounts Payable | $427.0K | $1.17M | $2.37M | $2.99M | $1.25M | $1.98M |
| Current Assets | $8.68M | $17.79M | $13.51M | $10.28M | $78.42M | $2.09M |
| Total Assets | $25.12M | $43.23M | $45.66M | $83.02M | $275.92M | $11.83M |
| Current Liabilities | $1.80M | $3.90M | $5.35M | $6.20M | $5.21M | $5.80M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | - | - | $5.35M | $11.98M | $6.30M | $6.82M |
| Stockholders' Equity | $23.30M | $39.31M | $26.52M | $34.87M | $269.63M | $5.01M |
| Retained Earnings | ($478.30M) | ($456.82M) | ($447.37M) | ($419.73M) | ($215.19M) | ($197.38M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($16.12M) | ($4.58M) | ($6.58M) | ($30.77M) | ($28.52M) | ($2.58M) |
| Investing Cash Flow | $9.99M | $4.03M | $2.56M | ($22.04M) | ($122.69M) | ($2.00M) |
| Financing Cash Flow | $4.41M | $5.39M | $3.06M | $0 | $205.10M | $4.90M |
| CapEx | $7.50M | $8.94M | $1.56M | $17.63M | $0 | - |
| Free Cash Flow | ($23.62M) | ($13.52M) | ($8.14M) | ($48.40M) | ($28.52M) | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | -19.6% | - | 12.1% | - | 45.6% | 46.4% |
| Operating margin | -196.8% | -128.9% | -136.9% | -2594.6% | -530.1% | -123.0% |
| EBITDA margin | -135.2% | -86.1% | -108.7% | -2129.5% | -377.2% | -103.0% |
| Net margin | -84.7% | -57.0% | -106.5% | -3172.6% | -464.8% | -119.2% |
| Free cash flow margin | -211.2% | -81.4% | -37.2% | -796.5% | -766.6% | - |
| FCF / Net income | 2.49 | 1.43 | 0.35 | 0.25 | 1.65 | - |
| R&D / Revenue | - | 0.0% | 4.7% | 10.0% | 26.1% | 24.8% |
| SG&A / Revenue | 73.9% | 74.9% | 72.2% | 397.1% | 492.2% | 112.9% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -37.7% | -21.9% | -51.1% | -232.2% | -6.3% | -48.8% |
| Return on equity | -40.6% | -24.1% | -88.0% | -552.9% | -6.4% | -115.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 4.82 | 4.57 | 2.53 | 1.66 | 15.06 | 0.36 |
| Quick ratio | 4.82 | 4.57 | 2.53 | 1.66 | 15.06 | 0.26 |
| Cash ratio | 2.06 | 1.39 | 0.11 | 0.22 | 10.44 | 0.08 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | -25.4x | - | -939.0x | -21.8x |
| Equity multiplier | 1.08 | 1.10 | 1.72 | 2.38 | 1.02 | 2.36 |
| Liabilities / Assets | - | - | 0.12 | 0.14 | 0.02 | 0.58 |
| Efficiency | ||||||
| Asset turnover | 0.45 | 0.38 | 0.48 | 0.07 | 0.01 | 0.41 |
| Inventory turnover | - | - | - | - | - | 4.66 |
| Days sales outstanding | - | - | 0d | 10d | 18d | 20d |
| Days inventory outstanding | - | - | - | - | 0d | 78d |
| Days payable outstanding | 12d | - | - | - | 226d | 278d |
| Cash conversion cycle | - | - | - | - | -208d | -179d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 0.4x | 4.8x | 15.2x | 17.1x | - | - |
| P / S | 0.8x | 11.3x | 18.4x | 98.1x | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -32.7% | -24.2% | 260.5% | 63.4% | -23.3% | -13.1% |
| Revenue CAGR (3y) | 22.5% | 64.7% | 65.3% | 2.9% | -33.4% | -61.0% |
| Revenue CAGR (5y) | 18.2% | 24.4% | 11.7% | -40.5% | -45.4% | -18.5% |
| Gross profit growth (YoY) | - | - | - | - | -24.5% | 21.3% |
| Operating income growth (YoY) | -2.7% | 28.6% | 81.0% | -699.6% | -230.6% | 1.0% |
| Net income growth (YoY) | 0.0% | 59.4% | 87.9% | -1015.2% | -199.2% | -35.0% |
| EPS growth (YoY) | -53.5% | 75.1% | 52.5% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -74.7% | -66.0% | 83.2% | -69.7% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -40.7% | 48.2% | -23.9% | -87.1% | 5282.8% | 304.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$16.61M totalDigital Mining$16.61M · 100.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing Sphere 3D Corp. against the 5 most active filers in the same SIC group.