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Sphere 3D Corp. logo

Sphere 3D Corp.

ANY

NASDAQFinancial ServicesFinancial - Capital Markets

Open in GoAI

Previous close

$2.61

+$0.59 · +29.21%

Aug 21, 4:00 PM ET

ANY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

33

Expensive

Momentum

16

Strong Down

Sentiment

53

Mixed

Risk resilience

9

Extreme Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Sphere 3D Corp. is a bitcoin mining company. The firm is engaged in growing its digital asset mining operation through the capital-efficient procurement of next-generation mining equipment and partnering with data center operators. Its bitcoin mining business segment involves acquiring computer servers, which operate application-specific integrated circuit chips designed specifically to mine bitcoin, and deploy, such miners at-scale utilizing its hosting agreements. The company was founded on May 2, 2007 and is headquartered in Stamford, CT.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Joel Block
Listed since
Aug 12, 2013
Employees
4

Market position

Day range

Current $2.61

52-week range

Current $2.61

Open
$2.12
Previous close
$2.02
Volume
3.08M
0.92× average
Average volume
3.35M
Average daily volume
Market cap
11.08M USD
Beta
3.35
Market reference 1
50-day average
$2.3627
+10.47% above average
200-day average
$2.6329
-0.87% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-2.84M USD
P/E (TTM)
-0.03×
P/B (TTM)
0.79×
P/S (TTM)
1.14×
EV / EBITDA
0.19×
Earnings yield
-2473.32%
Free cash flow yield
-2719.13%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
6.38%
Operating margin
-231.48%
Net margin
-332.50%
Return on equity
-92.20%
Return on assets
-85.52%
Return on invested capital
-53.68%

Financial health

Debt / equity
0.09×
Current ratio
4.82×
Altman Z-score
-31.2
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends376%-914%-2205%-3495%Gross margin, FY2021: 53.82%Gross margin, FY2022: 43.77%Gross margin, FY2023: 27.22%Gross margin, FY2024: 19.45%Gross margin, FY2025: 23.50%Operating margin, FY2021: -530.05%Operating margin, FY2022: -2594.26%Operating margin, FY2023: -136.94%Operating margin, FY2024: -128.92%Operating margin, FY2025: -111.95%Net margin, FY2021: -464.76%Net margin, FY2022: -3172.63%Net margin, FY2023: -106.85%Net margin, FY2024: -57.02%Net margin, FY2025: -192.13%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 53.82%. Gross margin FY2022 43.77%. Gross margin FY2023 27.22%. Gross margin FY2024 19.45%. Gross margin FY2025 23.50%. Operating margin FY2021 -530.05%. Operating margin FY2022 -2594.26%. Operating margin FY2023 -136.94%. Operating margin FY2024 -128.92%. Operating margin FY2025 -111.95%. Net margin FY2021 -464.76%. Net margin FY2022 -3172.63%. Net margin FY2023 -106.85%. Net margin FY2024 -57.02%. Net margin FY2025 -192.13%.

Income trends

Revenue

11.18M USD-32.68%

Operating income

−12.52M USD+41.54%

Net income

−21.48M USD-126.84%
Income trends across reported periods43.38M USD−42.51M USD−128.39M USD−214.27M USDRevenue, FY2021: 3.72M USDRevenue, FY2022: 6.08M USDRevenue, FY2023: 21.91M USDRevenue, FY2024: 16.61M USDRevenue, FY2025: 11.18M USDOperating income, FY2021: −19.72M USDOperating income, FY2022: −157.65M USDOperating income, FY2023: −30M USDOperating income, FY2024: −21.41M USDOperating income, FY2025: −12.52M USDNet income, FY2021: −17.29M USDNet income, FY2022: −192.8M USDNet income, FY2023: −23.41M USDNet income, FY2024: −9.47M USDNet income, FY2025: −21.48M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.72M USD. Revenue FY2022 6.08M USD. Revenue FY2023 21.91M USD. Revenue FY2024 16.61M USD. Revenue FY2025 11.18M USD. Operating income FY2021 −19.72M USD. Operating income FY2022 −157.65M USD. Operating income FY2023 −30M USD. Operating income FY2024 −21.41M USD. Operating income FY2025 −12.52M USD. Net income FY2021 −17.29M USD. Net income FY2022 −192.8M USD. Net income FY2023 −23.41M USD. Net income FY2024 −9.47M USD. Net income FY2025 −21.48M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue11.18M USD16.61M USD21.91M USD6.08M USD3.72M USD
Cost of goods sold8.55M USD13.38M USD15.94M USD3.42M USD1.72M USD
Gross profit2.63M USD3.23M USD5.96M USD2.66M USD2M USD
Research and development——1.03M USD605K USD971K USD
Selling, general, and administrative8.27M USD12.45M USD16.77M USD25.14M USD14.24M USD
Operating expenses15.14M USD24.64M USD35.96M USD160.31M USD21.72M USD
Interest income——1.06M USD2.58M USD2.93M USD
Interest expense——1.18M USD—516K USD
Depreciation and amortization6.88M USD7.11M USD6.19M USD28.26M USD5.69M USD
Operating income−12.52M USD−21.41M USD−30M USD−157.65M USD−19.72M USD
Net income−21.48M USD−9.47M USD−23.41M USD−192.8M USD−17.29M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-34.34%
11 comparable reports
Latest EPS result
-1.2
Estimate -0.71 · Miss by 69.01%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.51-1.5-2.49-3.48Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual -2.9, estimate -2.7, surprise -7.41%, Miss. Q2 2025, reported May 14, 2025: actual -2.9, estimate -2.6, surprise -11.54%, Miss. Q3 2025, reported Aug 5, 2025: actual -0.6, estimate -1.1, surprise +45.45%, Beat. Q4 2025, reported Nov 4, 2025: actual -1.5, estimate -1.1, surprise -36.36%, Miss. Q1 2026, reported Mar 27, 2026: actual -3.27, estimate -0.9, surprise -263.33%, Miss. Q2 2026, reported May 13, 2026: actual -1.18, estimate -0.72, surprise -63.89%, Miss. Q3 2026, reported Aug 14, 2026: actual -1.2, estimate -0.71, surprise -69.01%, Miss. Q4 2026, reported Nov 16, 2026: actual —, estimate -0.68, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.43M2.88M2.33M1.78MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 2.64M USD, estimate 2.8M USD, surprise -5.79%, Miss. Q2 2025, reported May 14, 2025: actual 2.82M USD, estimate 2.2M USD, surprise +28.05%, Beat. Q3 2025, reported Aug 5, 2025: actual 3.02M USD, estimate 3.3M USD, surprise -8.55%, Miss. Q4 2025, reported Nov 4, 2025: actual 2.62M USD, estimate 3M USD, surprise -12.57%, Miss. Q1 2026, reported Mar 27, 2026: actual 2.72M USD, estimate 3M USD, surprise -9.30%, Miss. Q2 2026, reported May 13, 2026: actual 1.92M USD, estimate 2.9M USD, surprise -33.93%, Miss. Q3 2026, reported Aug 14, 2026: actual 2.45M USD, estimate 3M USD, surprise -18.27%, Miss. Q4 2026, reported Nov 16, 2026: actual —, estimate 3.3M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$30.00

1049.43% upside
Past 12 months12-month forecastHigh $30.00Average $30.00Low $30.00

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy3100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

1 institution

ANY news

benzinga.com

Sphere 3D Stock Rallies Friday on Broader Crypto Momentum

Shares of Sphere 3D Corp. (NASDAQ:ANY) are trading sharply higher Friday, gaining momentum alongside a broader rally across digital asset and crypto-mining equities.

Read source
newsfilecorp.com

Sphere 3D Provides Business Update and Reports Second Quarter 2026 Financial Results

Combined Company Positioned for Its Next Phase of Growth Through Power-Ready Infrastructure Modular AI and HPC Development, Disciplined Asset Monetization and an Expanding Pipeline Stamford, Connecticut--(Newsfile Corp.…

Read source
newsfilecorp.com

Sphere 3D Corp. Adopts Limited-Duration Shareholder Rights Agreement

Stamford, Connecticut--(Newsfile Corp. - August 10, 2026) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere" or the "Company") announces today that its board of directors (the "Board") has approved the adoption of a…

Read source
newsfilecorp.com

Sphere 3D Advances AI Infrastructure Strategy with New Investor Relations and Government Relations Partners

Orange Group Advisors to Lead Investor Relations; Laine Communications and White Oak Strategies to Support Government Affairs and Regulatory Engagement Across the Company's TVA-Region Footprint Stamford,…

Read source
newsfilecorp.com

Sphere 3D Corp. Announces Proposed Name Change to DarkHorse Technologies Inc. and Reserves Nasdaq Ticker "DRK," Subject to Shareholder Approval

New Name Reflects Strategic Approach: Building Modular AI Infrastructure at Sites the Conventional Pipeline Overlooks Stamford, Connecticut--(Newsfile Corp. - June 30, 2026) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D"…

Read source
newsfilecorp.com

Sphere 3D Enters 30 MW Co-Mining Agreements with Bitdeer, Monetizing Power Assets While Advancing AI Infrastructure Evaluation

The agreements place capacity under contract while preserving flexibility for future digital infrastructure opportunities Stamford, Connecticut--(Newsfile Corp. - June 25, 2026) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere…

Read source

Corporate actions

Corporate action history

Stock split

Effective Feb 10, 2026

1:10

Stock split

Effective Jun 29, 2023

1:7

Stock split

Effective Nov 6, 2018

1:8

Stock split

Effective Jul 12, 2017

1:25

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ETFs holding ANY

Funds reporting this stock among their holdings, ordered by reported position size.

State Street SPDR S&P Emerging Markets Small Cap ETF logoState Street SPDR S&P Emerging Markets Small Cap ETFEWX
Market value
127.47K
Weight
0.02%
AUM
685.65M USD
Expense ratio
0.65%
Price / 1D
$72.22+0.25%
Dimensional - US Core Equity 1 ETF logoDimensional - US Core Equity 1 ETFDCOR
Market value
10.03K
Weight
0.00%
AUM
3.51B USD
Expense ratio
0.14%
Price / 1D
$84.54+0.42%

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