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Side-by-side financial comparison of Sphere 3D Corp. (ANY) and BT Brands, Inc. (BTBD). Click either name above to swap in a different company.

BT Brands, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.7M, roughly 1.4× Sphere 3D Corp.). On growth, Sphere 3D Corp. posted the faster year-over-year revenue change (3.1% vs -11.4%). BT Brands, Inc. produced more free cash flow last quarter ($261.8K vs $-23.6M). Over the past eight quarters, BT Brands, Inc.'s revenue compounded faster (-1.8% CAGR vs -37.4%).

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.

BT Group plc is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.

ANY vs BTBD — Head-to-Head

Bigger by revenue
BTBD
BTBD
1.4× larger
BTBD
$3.9M
$2.7M
ANY
Growing faster (revenue YoY)
ANY
ANY
+14.5% gap
ANY
3.1%
-11.4%
BTBD
More free cash flow
BTBD
BTBD
$23.9M more FCF
BTBD
$261.8K
$-23.6M
ANY
Faster 2-yr revenue CAGR
BTBD
BTBD
Annualised
BTBD
-1.8%
-37.4%
ANY

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ANY
ANY
BTBD
BTBD
Revenue
$2.7M
$3.9M
Net Profit
$915.0K
Gross Margin
Operating Margin
-372.7%
19.1%
Net Margin
23.7%
Revenue YoY
3.1%
-11.4%
Net Profit YoY
516.9%
EPS (diluted)
$-6.96
$0.15

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.

Revenue
ANY
ANY
BTBD
BTBD
Q4 25
$2.7M
Q3 25
$2.6M
$3.9M
Q2 25
$3.0M
$3.8M
Q1 25
$2.8M
$3.2M
Q4 24
$2.6M
Q3 24
$2.4M
$4.3M
Q2 24
$4.7M
$4.1M
Q1 24
$6.9M
$3.2M
Net Profit
ANY
ANY
BTBD
BTBD
Q4 25
Q3 25
$-4.2M
$915.0K
Q2 25
$1.7M
$55.0K
Q1 25
$-8.8M
$-329.8K
Q4 24
Q3 24
$104.0K
$-219.5K
Q2 24
$2.1M
$-70.0K
Q1 24
$-4.5M
$-445.7K
Gross Margin
ANY
ANY
BTBD
BTBD
Q4 25
Q3 25
25.4%
Q2 25
23.8%
Q1 25
22.1%
Q4 24
Q3 24
-16.0%
Q2 24
15.2%
Q1 24
38.0%
Operating Margin
ANY
ANY
BTBD
BTBD
Q4 25
-372.7%
Q3 25
-153.8%
19.1%
Q2 25
-87.0%
-2.0%
Q1 25
-184.2%
-9.0%
Q4 24
-328.7%
Q3 24
-218.8%
-1.7%
Q2 24
-122.4%
-4.6%
Q1 24
-26.9%
-19.8%
Net Margin
ANY
ANY
BTBD
BTBD
Q4 25
Q3 25
-162.0%
23.7%
Q2 25
55.2%
1.5%
Q1 25
-311.9%
-10.2%
Q4 24
Q3 24
4.4%
-5.0%
Q2 24
45.5%
-1.7%
Q1 24
-64.5%
-14.0%
EPS (diluted)
ANY
ANY
BTBD
BTBD
Q4 25
$-6.96
Q3 25
$-0.15
$0.15
Q2 25
$0.06
Q1 25
$-0.32
Q4 24
$-4.62
Q3 24
$0.01
$-0.04
Q2 24
$0.10
Q1 24
$-0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANY
ANY
BTBD
BTBD
Cash + ST InvestmentsLiquidity on hand
$3.7M
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.3M
$7.7M
Total Assets
$25.1M
$11.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANY
ANY
BTBD
BTBD
Q4 25
$3.7M
Q3 25
$5.3M
$3.5M
Q2 25
$4.7M
$3.0M
Q1 25
$2.8M
$2.7M
Q4 24
$5.4M
Q3 24
$5.0M
$2.0M
Q2 24
$4.3M
$1.5M
Q1 24
$9.3M
$1.5M
Stockholders' Equity
ANY
ANY
BTBD
BTBD
Q4 25
$23.3M
Q3 25
$29.5M
$7.7M
Q2 25
$32.7M
$6.8M
Q1 25
$30.7M
$6.7M
Q4 24
$39.3M
Q3 24
$35.8M
$8.5M
Q2 24
$33.4M
$8.7M
Q1 24
$27.5M
$8.8M
Total Assets
ANY
ANY
BTBD
BTBD
Q4 25
$25.1M
Q3 25
$31.1M
$11.9M
Q2 25
$34.4M
$11.2M
Q1 25
$34.3M
$11.0M
Q4 24
$43.2M
Q3 24
$44.3M
$13.7M
Q2 24
$44.0M
$14.0M
Q1 24
$42.0M
$14.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANY
ANY
BTBD
BTBD
Operating Cash FlowLast quarter
$-16.1M
$325.2K
Free Cash FlowOCF − Capex
$-23.6M
$261.8K
FCF MarginFCF / Revenue
-867.3%
6.8%
Capex IntensityCapex / Revenue
275.4%
1.6%
Cash ConversionOCF / Net Profit
0.36×
TTM Free Cash FlowTrailing 4 quarters
$-40.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANY
ANY
BTBD
BTBD
Q4 25
$-16.1M
Q3 25
$-3.5M
$325.2K
Q2 25
$-5.8M
$384.4K
Q1 25
$-4.1M
$-306.7K
Q4 24
$-4.6M
Q3 24
$290.0K
$129.3K
Q2 24
$-3.3M
$82.5K
Q1 24
$-58.0K
$-408.9K
Free Cash Flow
ANY
ANY
BTBD
BTBD
Q4 25
$-23.6M
Q3 25
$-5.7M
$261.8K
Q2 25
$-6.0M
Q1 25
$-5.1M
$-431.1K
Q4 24
$-13.5M
Q3 24
$-4.3M
$50.4K
Q2 24
$53.7K
Q1 24
$-521.3K
FCF Margin
ANY
ANY
BTBD
BTBD
Q4 25
-867.3%
Q3 25
-218.7%
6.8%
Q2 25
-200.5%
Q1 25
-181.2%
-13.3%
Q4 24
-511.9%
Q3 24
-184.4%
1.2%
Q2 24
1.3%
Q1 24
-16.3%
Capex Intensity
ANY
ANY
BTBD
BTBD
Q4 25
275.4%
Q3 25
86.5%
1.6%
Q2 25
6.6%
0.0%
Q1 25
36.4%
3.8%
Q4 24
338.7%
Q3 24
196.7%
1.8%
Q2 24
0.0%
0.7%
Q1 24
0.0%
3.5%
Cash Conversion
ANY
ANY
BTBD
BTBD
Q4 25
Q3 25
0.36×
Q2 25
-3.51×
6.98×
Q1 25
Q4 24
Q3 24
2.79×
Q2 24
-1.55×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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