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Side-by-side financial comparison of Sphere 3D Corp. (ANY) and Nano Labs Ltd (NA). Click either name above to swap in a different company.
Sphere 3D Corp. is the larger business by last-quarter revenue ($2.7M vs $2.7M, roughly 1.0× Nano Labs Ltd). Nano Labs Ltd produced more free cash flow last quarter ($-8.4M vs $-23.6M).
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.
Weebit Nano is a public semiconductor IP company founded in Israel in 2015 and headquartered in Hod HaSharon, Israel. The company develops Resistive Random-Access Memory technologies. Resistive Random-Access Memory is a specialized form of non-volatile memory (NVM) for the semiconductor industry. The company's products are targeted at a broad range of NVM markets where persistence, performance, and endurance are all required. ReRAM technology can be integrated in electronic devices like weara...
ANY vs NA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $2.7M |
| Net Profit | — | $20.3M |
| Gross Margin | — | — |
| Operating Margin | -372.7% | — |
| Net Margin | — | 754.5% |
| Revenue YoY | 3.1% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-6.96 | $1.03 |
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 | $2.7M | $2.7M | ||
| Q3 25 | $2.6M | — | ||
| Q2 25 | $3.0M | $1.2M | ||
| Q1 25 | $2.8M | — | ||
| Q4 24 | $2.6M | — | ||
| Q3 24 | $2.4M | — | ||
| Q2 24 | $4.7M | $3.5M | ||
| Q1 24 | $6.9M | — |
| Q4 25 | — | $20.3M | ||
| Q3 25 | $-4.2M | — | ||
| Q2 25 | $1.7M | $-985.5K | ||
| Q1 25 | $-8.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $104.0K | — | ||
| Q2 24 | $2.1M | $-8.0M | ||
| Q1 24 | $-4.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -16.0% | — | ||
| Q2 24 | 15.2% | 0.1% | ||
| Q1 24 | 38.0% | — |
| Q4 25 | -372.7% | — | ||
| Q3 25 | -153.8% | — | ||
| Q2 25 | -87.0% | -459.2% | ||
| Q1 25 | -184.2% | — | ||
| Q4 24 | -328.7% | — | ||
| Q3 24 | -218.8% | — | ||
| Q2 24 | -122.4% | -237.2% | ||
| Q1 24 | -26.9% | — |
| Q4 25 | — | 754.5% | ||
| Q3 25 | -162.0% | — | ||
| Q2 25 | 55.2% | -85.2% | ||
| Q1 25 | -311.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 45.5% | -231.3% | ||
| Q1 24 | -64.5% | — |
| Q4 25 | $-6.96 | $1.03 | ||
| Q3 25 | $-0.15 | — | ||
| Q2 25 | $0.06 | $-0.06 | ||
| Q1 25 | $-0.32 | — | ||
| Q4 24 | $-4.62 | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $0.10 | $-0.12 | ||
| Q1 24 | $-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 | $4.9M |
| Total DebtLower is stronger | — | $24.5M |
| Stockholders' EquityBook value | $23.3M | $106.5M |
| Total Assets | $25.1M | $159.3M |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7M | $4.9M | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $4.7M | $50.8M | ||
| Q1 25 | $2.8M | — | ||
| Q4 24 | $5.4M | — | ||
| Q3 24 | $5.0M | — | ||
| Q2 24 | $4.3M | $3.3M | ||
| Q1 24 | $9.3M | — |
| Q4 25 | — | $24.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $24.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $22.5M | ||
| Q1 24 | — | — |
| Q4 25 | $23.3M | $106.5M | ||
| Q3 25 | $29.5M | — | ||
| Q2 25 | $32.7M | $86.8M | ||
| Q1 25 | $30.7M | — | ||
| Q4 24 | $39.3M | — | ||
| Q3 24 | $35.8M | — | ||
| Q2 24 | $33.4M | $-5.1M | ||
| Q1 24 | $27.5M | — |
| Q4 25 | $25.1M | $159.3M | ||
| Q3 25 | $31.1M | — | ||
| Q2 25 | $34.4M | $206.4M | ||
| Q1 25 | $34.3M | — | ||
| Q4 24 | $43.2M | — | ||
| Q3 24 | $44.3M | — | ||
| Q2 24 | $44.0M | $51.2M | ||
| Q1 24 | $42.0M | — |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.29× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.1M | $-8.3M |
| Free Cash FlowOCF − Capex | $-23.6M | $-8.4M |
| FCF MarginFCF / Revenue | -867.3% | -312.3% |
| Capex IntensityCapex / Revenue | 275.4% | 2.9% |
| Cash ConversionOCF / Net Profit | — | -0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $-40.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.1M | $-8.3M | ||
| Q3 25 | $-3.5M | — | ||
| Q2 25 | $-5.8M | $-7.1M | ||
| Q1 25 | $-4.1M | — | ||
| Q4 24 | $-4.6M | — | ||
| Q3 24 | $290.0K | — | ||
| Q2 24 | $-3.3M | $-10.8M | ||
| Q1 24 | $-58.0K | — |
| Q4 25 | $-23.6M | $-8.4M | ||
| Q3 25 | $-5.7M | — | ||
| Q2 25 | $-6.0M | $-7.2M | ||
| Q1 25 | $-5.1M | — | ||
| Q4 24 | $-13.5M | — | ||
| Q3 24 | $-4.3M | — | ||
| Q2 24 | — | $-15.4M | ||
| Q1 24 | — | — |
| Q4 25 | -867.3% | -312.3% | ||
| Q3 25 | -218.7% | — | ||
| Q2 25 | -200.5% | -620.3% | ||
| Q1 25 | -181.2% | — | ||
| Q4 24 | -511.9% | — | ||
| Q3 24 | -184.4% | — | ||
| Q2 24 | — | -443.4% | ||
| Q1 24 | — | — |
| Q4 25 | 275.4% | 2.9% | ||
| Q3 25 | 86.5% | — | ||
| Q2 25 | 6.6% | 7.2% | ||
| Q1 25 | 36.4% | — | ||
| Q4 24 | 338.7% | — | ||
| Q3 24 | 196.7% | — | ||
| Q2 24 | 0.0% | 133.1% | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | -0.41× | ||
| 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.
