vs
Side-by-side financial comparison of American Bitcoin Corp. (ABTC) and Sphere 3D Corp. (ANY). Click either name above to swap in a different company.
American Bitcoin Corp. is the larger business by last-quarter revenue ($118.0M vs $2.7M, roughly 43.3× Sphere 3D Corp.). On growth, American Bitcoin Corp. posted the faster year-over-year revenue change (151.5% vs 3.1%). Over the past eight quarters, American Bitcoin Corp.'s revenue compounded faster (296.9% CAGR vs -37.4%).
Bitcoin is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown person published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation. From 2021 to 2025, El Salvador adopted it as legal tender currency before revoking it. As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by...
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.
ABTC vs ANY — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $118.0M | $2.7M |
| Net Profit | — | — |
| Gross Margin | 49.1% | — |
| Operating Margin | -192.8% | -372.7% |
| Net Margin | — | — |
| Revenue YoY | 151.5% | 3.1% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.07 | $-6.96 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $118.0M | $2.7M | ||
| Q3 25 | $64.2M | $2.6M | ||
| Q2 25 | $1.4M | $3.0M | ||
| Q1 25 | $1.6M | $2.8M | ||
| Q4 24 | $46.9M | $2.6M | ||
| Q3 24 | $11.6M | $2.4M | ||
| Q2 24 | $5.5M | $4.7M | ||
| Q1 24 | $7.5M | $6.9M |
| Q4 25 | — | — | ||
| Q3 25 | $3.5M | $-4.2M | ||
| Q2 25 | $3.4M | $1.7M | ||
| Q1 25 | $-100.6M | $-8.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-576.0K | $104.0K | ||
| Q2 24 | $-61.1M | $2.1M | ||
| Q1 24 | $230.4M | $-4.5M |
| Q4 25 | 49.1% | — | ||
| Q3 25 | 56.0% | 25.4% | ||
| Q2 25 | -16.8% | 23.8% | ||
| Q1 25 | -31.8% | 22.1% | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 4.2% | -16.0% | ||
| Q2 24 | 31.0% | 15.2% | ||
| Q1 24 | 35.4% | 38.0% |
| Q4 25 | -192.8% | -372.7% | ||
| Q3 25 | 11.2% | -153.8% | ||
| Q2 25 | -162.1% | -87.0% | ||
| Q1 25 | -350.8% | -184.2% | ||
| Q4 24 | — | -328.7% | ||
| Q3 24 | -87.8% | -218.8% | ||
| Q2 24 | -106.4% | -122.4% | ||
| Q1 24 | -20.8% | -26.9% |
| Q4 25 | — | — | ||
| Q3 25 | 5.4% | -162.0% | ||
| Q2 25 | 249.2% | 55.2% | ||
| Q1 25 | -6458.5% | -311.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | -5.0% | 4.4% | ||
| Q2 24 | -1107.2% | 45.5% | ||
| Q1 24 | 3076.2% | -64.5% |
| Q4 25 | $-0.07 | $-6.96 | ||
| Q3 25 | $0.06 | $-0.15 | ||
| Q2 25 | $-0.07 | $0.06 | ||
| Q1 25 | $-0.09 | $-0.32 | ||
| Q4 24 | $1.10 | $-4.62 | ||
| Q3 24 | $-0.15 | $0.01 | ||
| Q2 24 | $-0.10 | $0.10 | ||
| Q1 24 | $-0.36 | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $665.8M | $23.3M |
| Total Assets | $1.2B | $25.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.7M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | $750.0K | $4.7M | ||
| Q1 25 | $367.0K | $2.8M | ||
| Q4 24 | $850.0K | $5.4M | ||
| Q3 24 | $478.0K | $5.0M | ||
| Q2 24 | $1.4M | $4.3M | ||
| Q1 24 | $1.9M | $9.3M |
| Q4 25 | $665.8M | $23.3M | ||
| Q3 25 | $575.5M | $29.5M | ||
| Q2 25 | $339.7M | $32.7M | ||
| Q1 25 | $115.8M | $30.7M | ||
| Q4 24 | $1.0B | $39.3M | ||
| Q3 24 | $697.5M | $35.8M | ||
| Q2 24 | $614.3M | $33.4M | ||
| Q1 24 | $696.8M | $27.5M |
| Q4 25 | $1.2B | $25.1M | ||
| Q3 25 | $1.2B | $31.1M | ||
| Q2 25 | $6.2M | $34.4M | ||
| Q1 25 | $9.0M | $34.3M | ||
| Q4 24 | $1.1B | $43.2M | ||
| Q3 24 | $7.5M | $44.3M | ||
| Q2 24 | $11.4M | $44.0M | ||
| Q1 24 | $17.8M | $42.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-36.5M | $-2.7M |
| Free Cash FlowOCF − Capex | — | $-6.7M |
| FCF MarginFCF / Revenue | — | -247.1% |
| Capex IntensityCapex / Revenue | — | 147.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-36.5M | $-2.7M | ||
| Q3 25 | $-39.0M | $-3.5M | ||
| Q2 25 | $-879.0K | $-5.8M | ||
| Q1 25 | $-3.2M | $-4.1M | ||
| Q4 24 | $23.6M | $-1.5M | ||
| Q3 24 | $-76.8M | $290.0K | ||
| Q2 24 | $201.0K | $-3.3M | ||
| Q1 24 | $-983.0K | $-58.0K |
| Q4 25 | — | $-6.7M | ||
| Q3 25 | — | $-5.7M | ||
| Q2 25 | — | $-6.0M | ||
| Q1 25 | — | $-5.1M | ||
| Q4 24 | — | $-5.8M | ||
| Q3 24 | $-79.3M | $-4.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -247.1% | ||
| Q3 25 | — | -218.7% | ||
| Q2 25 | — | -200.5% | ||
| Q1 25 | — | -181.2% | ||
| Q4 24 | — | -220.5% | ||
| Q3 24 | -683.2% | -184.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 147.1% | ||
| Q3 25 | — | 86.5% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 36.4% | ||
| Q4 24 | — | 163.3% | ||
| Q3 24 | 21.6% | 196.7% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | -11.21× | — | ||
| Q2 25 | -0.26× | -3.51× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.79× | ||
| Q2 24 | — | -1.55× | ||
| Q1 24 | -0.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
