Sphere 3D Corp.ANYEarnings & Financial Report
Sphere 3D Corp is a global technology company specializing in cloud computing, data management, and virtualization solutions. It delivers enterprise-grade products and services tailored for small to medium-sized businesses, large enterprise clients, and public sector entities, focusing on optimizing IT infrastructure efficiency and cutting operational costs for end users.
Revenue
$4.7M
Gross Profit
$707.0K
Operating Profit
$-5.7M
Net Profit
$2.1M
Gross Margin
15.2%
Operating Margin
-122.4%
Net Margin
45.5%
YoY Growth
-14.6%
EPS
$0.10
Sphere 3D Corp. Q2 FY2024 Financial Summary
Sphere 3D Corp. reported revenue of $4.7M (down 14.6% YoY) for Q2 FY2024, with a net profit of $2.1M (up 144.6% YoY) (45.5% margin). Cost of goods sold was $4.0M, operating expenses totaled $6.4M.
Key Financial Metrics
| Total Revenue | $4.7M |
|---|---|
| Net Profit | $2.1M |
| Gross Margin | 15.2% |
| Operating Margin | -122.4% |
| Report Period | Q2 FY2024 |
Sphere 3D Corp. Annual Revenue by Year
Sphere 3D Corp. annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $11.2M |
| 2024 | $16.6M |
| 2023 | $21.9M |
Sphere 3D Corp. Quarterly Revenue & Net Profit History
Sphere 3D Corp. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.7M | +3.1% | N/A | N/A |
| Q3 FY2025 | $2.6M | +11.4% | $-4.2M | -162.0% |
| Q2 FY2025 | $3.0M | -35.3% | $1.7M | 55.2% |
| Q1 FY2025 | $2.8M | -59.4% | $-8.8M | -311.9% |
| Q4 FY2024 | $2.6M | -65.7% | N/A | N/A |
| Q3 FY2024 | $2.4M | -58.9% | $104.0K | 4.4% |
| Q2 FY2024 | $4.7M | -14.6% | $2.1M | 45.5% |
| Q1 FY2024 | $6.9M | +129.5% | $-4.5M | -64.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.9M | $4.7M | $2.4M | $2.6M | $2.8M | $3.0M | $2.6M | $2.7M |
| YoY Growth | 129.5% | -14.6% | -58.9% | -65.7% | -59.4% | -35.3% | 11.4% | 3.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $42.0M | $44.0M | $44.3M | $43.2M | $34.3M | $34.4M | $31.1M | $25.1M |
| Liabilities | $14.5M | $10.6M | $8.4M | $3.9M | $3.6M | $1.7M | $1.6M | $1.8M |
| Equity | $27.5M | $33.4M | $35.8M | $39.3M | $30.7M | $32.7M | $29.5M | $23.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-58000 | $-3.3M | $290000 | $-4.6M | $-4.1M | $-5.8M | $-3.5M | $-16.1M |