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

Coya Therapeutics, Inc. is the larger business by last-quarter revenue ($4.0M vs $2.7M, roughly 1.5× Sphere 3D Corp.). On growth, Coya Therapeutics, Inc. posted the faster year-over-year revenue change (202768.8% vs 3.1%).

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.

Coya Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing innovative regulatory T cell (Treg)-based therapies to address unmet medical needs for patients with neurodegenerative, autoimmune, and inflammatory diseases. Its core pipeline includes lead candidates targeting conditions like amyotrophic lateral sclerosis, with primary planned commercial markets across North America and the European Union.

ANY vs COYA — Head-to-Head

Bigger by revenue
COYA
COYA
1.5× larger
COYA
$4.0M
$2.7M
ANY
Growing faster (revenue YoY)
COYA
COYA
+202765.7% gap
COYA
202768.8%
3.1%
ANY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANY
ANY
COYA
COYA
Revenue
$2.7M
$4.0M
Net Profit
Gross Margin
Operating Margin
-372.7%
Net Margin
Revenue YoY
3.1%
202768.8%
Net Profit YoY
-95.8%
EPS (diluted)
$-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.

Revenue
ANY
ANY
COYA
COYA
Q4 25
$2.7M
$4.0M
Q3 25
$2.6M
$3.6M
Q2 25
$3.0M
Q1 25
$2.8M
Q4 24
$2.6M
Q3 24
$2.4M
$0
Q2 24
$4.7M
$3.4M
Q1 24
$6.9M
Net Profit
ANY
ANY
COYA
COYA
Q4 25
Q3 25
$-4.2M
$-2.1M
Q2 25
$1.7M
Q1 25
$-8.8M
Q4 24
Q3 24
$104.0K
$-4.0M
Q2 24
$2.1M
$-2.9M
Q1 24
$-4.5M
Gross Margin
ANY
ANY
COYA
COYA
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
COYA
COYA
Q4 25
-372.7%
Q3 25
-153.8%
-68.3%
Q2 25
-87.0%
Q1 25
-184.2%
Q4 24
-328.7%
Q3 24
-218.8%
Q2 24
-122.4%
-94.5%
Q1 24
-26.9%
Net Margin
ANY
ANY
COYA
COYA
Q4 25
Q3 25
-162.0%
-59.4%
Q2 25
55.2%
Q1 25
-311.9%
Q4 24
Q3 24
4.4%
Q2 24
45.5%
-84.4%
Q1 24
-64.5%
EPS (diluted)
ANY
ANY
COYA
COYA
Q4 25
$-6.96
Q3 25
$-0.15
$-0.13
Q2 25
$0.06
Q1 25
$-0.32
Q4 24
$-4.62
Q3 24
$0.01
$-0.26
Q2 24
$0.10
$-0.19
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
COYA
COYA
Cash + ST InvestmentsLiquidity on hand
$3.7M
$46.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.3M
$43.0M
Total Assets
$25.1M
$50.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANY
ANY
COYA
COYA
Q4 25
$3.7M
$46.8M
Q3 25
$5.3M
$28.1M
Q2 25
$4.7M
Q1 25
$2.8M
Q4 24
$5.4M
Q3 24
$5.0M
$31.1M
Q2 24
$4.3M
$36.6M
Q1 24
$9.3M
Stockholders' Equity
ANY
ANY
COYA
COYA
Q4 25
$23.3M
$43.0M
Q3 25
$29.5M
$27.3M
Q2 25
$32.7M
Q1 25
$30.7M
Q4 24
$39.3M
Q3 24
$35.8M
$32.0M
Q2 24
$33.4M
$35.3M
Q1 24
$27.5M
Total Assets
ANY
ANY
COYA
COYA
Q4 25
$25.1M
$50.0M
Q3 25
$31.1M
$32.0M
Q2 25
$34.4M
Q1 25
$34.3M
Q4 24
$43.2M
Q3 24
$44.3M
$35.6M
Q2 24
$44.0M
$39.9M
Q1 24
$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
ANY
ANY
COYA
COYA
Operating Cash FlowLast quarter
$-16.1M
$-10.7M
Free Cash FlowOCF − Capex
$-23.6M
FCF MarginFCF / Revenue
-867.3%
Capex IntensityCapex / Revenue
275.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANY
ANY
COYA
COYA
Q4 25
$-16.1M
$-10.7M
Q3 25
$-3.5M
$-1.1M
Q2 25
$-5.8M
Q1 25
$-4.1M
Q4 24
$-4.6M
Q3 24
$290.0K
$-5.5M
Q2 24
$-3.3M
$-4.6M
Q1 24
$-58.0K
Free Cash Flow
ANY
ANY
COYA
COYA
Q4 25
$-23.6M
Q3 25
$-5.7M
Q2 25
$-6.0M
Q1 25
$-5.1M
Q4 24
$-13.5M
Q3 24
$-4.3M
Q2 24
Q1 24
FCF Margin
ANY
ANY
COYA
COYA
Q4 25
-867.3%
Q3 25
-218.7%
Q2 25
-200.5%
Q1 25
-181.2%
Q4 24
-511.9%
Q3 24
-184.4%
Q2 24
Q1 24
Capex Intensity
ANY
ANY
COYA
COYA
Q4 25
275.4%
Q3 25
86.5%
Q2 25
6.6%
Q1 25
36.4%
Q4 24
338.7%
Q3 24
196.7%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
ANY
ANY
COYA
COYA
Q4 25
Q3 25
Q2 25
-3.51×
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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