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

Medalist Diversified REIT, Inc. is the larger business by last-quarter revenue ($2.8M vs $2.7M, roughly 1.0× Sphere 3D Corp.). On growth, Medalist Diversified REIT, Inc. posted the faster year-over-year revenue change (11.8% vs 3.1%). Medalist Diversified REIT, Inc. produced more free cash flow last quarter ($77.0K vs $-23.6M). Over the past eight quarters, Medalist Diversified REIT, Inc.'s revenue compounded faster (4.8% 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.

Medalist Diversified REIT, Inc. is a publicly traded real estate investment trust focused on owning, operating, and acquiring income-generating multi-family residential properties. Its portfolio is concentrated in high-growth US Southeast and Mid-Atlantic markets, targeting stable long-term returns for shareholders via rental income and property appreciation.

ANY vs MDRR — Head-to-Head

Bigger by revenue
MDRR
MDRR
1.0× larger
MDRR
$2.8M
$2.7M
ANY
Growing faster (revenue YoY)
MDRR
MDRR
+8.7% gap
MDRR
11.8%
3.1%
ANY
More free cash flow
MDRR
MDRR
$23.7M more FCF
MDRR
$77.0K
$-23.6M
ANY
Faster 2-yr revenue CAGR
MDRR
MDRR
Annualised
MDRR
4.8%
-37.4%
ANY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANY
ANY
MDRR
MDRR
Revenue
$2.7M
$2.8M
Net Profit
$-529.6K
Gross Margin
Operating Margin
-372.7%
14.8%
Net Margin
-18.8%
Revenue YoY
3.1%
11.8%
Net Profit YoY
-88.4%
EPS (diluted)
$-6.96
$-0.49

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
MDRR
MDRR
Q4 25
$2.7M
$2.8M
Q3 25
$2.6M
$2.8M
Q2 25
$3.0M
$2.5M
Q1 25
$2.8M
$2.3M
Q4 24
$2.6M
$2.5M
Q3 24
$2.4M
$2.3M
Q2 24
$4.7M
$2.3M
Q1 24
$6.9M
$2.6M
Net Profit
ANY
ANY
MDRR
MDRR
Q4 25
$-529.6K
Q3 25
$-4.2M
$-395.9K
Q2 25
$1.7M
$-456.4K
Q1 25
$-8.8M
$-1.0M
Q4 24
$-281.2K
Q3 24
$104.0K
$-527.0K
Q2 24
$2.1M
$-521.7K
Q1 24
$-4.5M
$1.4M
Gross Margin
ANY
ANY
MDRR
MDRR
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
MDRR
MDRR
Q4 25
-372.7%
14.8%
Q3 25
-153.8%
15.8%
Q2 25
-87.0%
9.8%
Q1 25
-184.2%
-23.8%
Q4 24
-328.7%
17.7%
Q3 24
-218.8%
13.0%
Q2 24
-122.4%
9.4%
Q1 24
-26.9%
Net Margin
ANY
ANY
MDRR
MDRR
Q4 25
-18.8%
Q3 25
-162.0%
-14.2%
Q2 25
55.2%
-18.5%
Q1 25
-311.9%
-43.4%
Q4 24
-11.1%
Q3 24
4.4%
-22.6%
Q2 24
45.5%
-22.7%
Q1 24
-64.5%
52.8%
EPS (diluted)
ANY
ANY
MDRR
MDRR
Q4 25
$-6.96
$-0.49
Q3 25
$-0.15
$-0.33
Q2 25
$0.06
$-0.34
Q1 25
$-0.32
$-0.74
Q4 24
$-4.62
$-0.24
Q3 24
$0.01
$-0.47
Q2 24
$0.10
$-0.47
Q1 24
$-0.27
$1.21

Balance Sheet & Financial Strength

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

Metric
ANY
ANY
MDRR
MDRR
Cash + ST InvestmentsLiquidity on hand
$3.7M
$2.6M
Total DebtLower is stronger
$51.4M
Stockholders' EquityBook value
$23.3M
$9.4M
Total Assets
$25.1M
$77.7M
Debt / EquityLower = less leverage
5.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANY
ANY
MDRR
MDRR
Q4 25
$3.7M
$2.6M
Q3 25
$5.3M
$1.9M
Q2 25
$4.7M
$2.0M
Q1 25
$2.8M
$2.7M
Q4 24
$5.4M
$4.8M
Q3 24
$5.0M
$3.1M
Q2 24
$4.3M
$3.8M
Q1 24
$9.3M
$3.6M
Total Debt
ANY
ANY
MDRR
MDRR
Q4 25
$51.4M
Q3 25
$63.6M
Q2 25
$49.6M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ANY
ANY
MDRR
MDRR
Q4 25
$23.3M
$9.4M
Q3 25
$29.5M
$10.4M
Q2 25
$32.7M
$13.4M
Q1 25
$30.7M
$14.0M
Q4 24
$39.3M
$15.0M
Q3 24
$35.8M
$12.6M
Q2 24
$33.4M
$13.2M
Q1 24
$27.5M
$13.7M
Total Assets
ANY
ANY
MDRR
MDRR
Q4 25
$25.1M
$77.7M
Q3 25
$31.1M
$92.1M
Q2 25
$34.4M
$77.7M
Q1 25
$34.3M
$78.2M
Q4 24
$43.2M
$75.1M
Q3 24
$44.3M
$74.6M
Q2 24
$44.0M
$75.2M
Q1 24
$42.0M
$76.0M
Debt / Equity
ANY
ANY
MDRR
MDRR
Q4 25
5.45×
Q3 25
6.13×
Q2 25
3.70×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
MDRR
MDRR
Operating Cash FlowLast quarter
$-16.1M
$1.5M
Free Cash FlowOCF − Capex
$-23.6M
$77.0K
FCF MarginFCF / Revenue
-867.3%
2.7%
Capex IntensityCapex / Revenue
275.4%
51.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.5M
$1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANY
ANY
MDRR
MDRR
Q4 25
$-16.1M
$1.5M
Q3 25
$-3.5M
$1.6M
Q2 25
$-5.8M
$244.1K
Q1 25
$-4.1M
$460.0K
Q4 24
$-4.6M
$1.8M
Q3 24
$290.0K
$139.9K
Q2 24
$-3.3M
$778.6K
Q1 24
$-58.0K
$492.4K
Free Cash Flow
ANY
ANY
MDRR
MDRR
Q4 25
$-23.6M
$77.0K
Q3 25
$-5.7M
$1000.0K
Q2 25
$-6.0M
$-181.5K
Q1 25
$-5.1M
$322.4K
Q4 24
$-13.5M
$893.7K
Q3 24
$-4.3M
$-164.7K
Q2 24
$645.6K
Q1 24
$265.8K
FCF Margin
ANY
ANY
MDRR
MDRR
Q4 25
-867.3%
2.7%
Q3 25
-218.7%
35.9%
Q2 25
-200.5%
-7.4%
Q1 25
-181.2%
13.9%
Q4 24
-511.9%
35.4%
Q3 24
-184.4%
-7.0%
Q2 24
28.1%
Q1 24
10.3%
Capex Intensity
ANY
ANY
MDRR
MDRR
Q4 25
275.4%
51.5%
Q3 25
86.5%
20.4%
Q2 25
6.6%
17.3%
Q1 25
36.4%
5.9%
Q4 24
338.7%
35.7%
Q3 24
196.7%
13.0%
Q2 24
0.0%
5.8%
Q1 24
0.0%
8.8%
Cash Conversion
ANY
ANY
MDRR
MDRR
Q4 25
Q3 25
Q2 25
-3.51×
Q1 25
Q4 24
Q3 24
2.79×
Q2 24
-1.55×
Q1 24
0.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ANY
ANY

Segment breakdown not available.

MDRR
MDRR

Retail Center Properties$1.6M58%
Other$1.2M42%

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