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Side-by-side financial comparison of Sphere 3D Corp. (ANY) and NEXGEL, INC. (NXGL). Click either name above to swap in a different company.
NEXGEL, INC. is the larger business by last-quarter revenue ($2.8M vs $2.7M, roughly 1.0× Sphere 3D Corp.). On growth, Sphere 3D Corp. posted the faster year-over-year revenue change (3.1% vs -8.1%). Over the past eight quarters, NEXGEL, INC.'s revenue compounded faster (48.6% 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.
NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.
ANY vs NXGL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $2.8M |
| Net Profit | — | $-970.0K |
| Gross Margin | — | 29.3% |
| Operating Margin | -372.7% | -43.4% |
| Net Margin | — | -34.7% |
| Revenue YoY | 3.1% | -8.1% |
| Net Profit YoY | — | -14.1% |
| EPS (diluted) | $-6.96 | $-0.12 |
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 | $2.8M | ||
| Q3 25 | $2.6M | $2.9M | ||
| Q2 25 | $3.0M | $2.9M | ||
| Q1 25 | $2.8M | $2.8M | ||
| Q4 24 | $2.6M | $3.0M | ||
| Q3 24 | $2.4M | $2.9M | ||
| Q2 24 | $4.7M | $1.4M | ||
| Q1 24 | $6.9M | $1.3M |
| Q4 25 | — | $-970.0K | ||
| Q3 25 | $-4.2M | $-653.0K | ||
| Q2 25 | $1.7M | $-665.0K | ||
| Q1 25 | $-8.8M | $-712.0K | ||
| Q4 24 | — | $-850.0K | ||
| Q3 24 | $104.0K | $-693.0K | ||
| Q2 24 | $2.1M | $-885.0K | ||
| Q1 24 | $-4.5M | $-853.0K |
| Q4 25 | — | 29.3% | ||
| Q3 25 | 25.4% | 42.4% | ||
| Q2 25 | 23.8% | 43.6% | ||
| Q1 25 | 22.1% | 42.3% | ||
| Q4 24 | — | 37.5% | ||
| Q3 24 | -16.0% | 39.3% | ||
| Q2 24 | 15.2% | 20.3% | ||
| Q1 24 | 38.0% | 12.6% |
| Q4 25 | -372.7% | -43.4% | ||
| Q3 25 | -153.8% | -24.7% | ||
| Q2 25 | -87.0% | -22.1% | ||
| Q1 25 | -184.2% | -27.7% | ||
| Q4 24 | -328.7% | -27.6% | ||
| Q3 24 | -218.8% | -26.8% | ||
| Q2 24 | -122.4% | -73.2% | ||
| Q1 24 | -26.9% | -68.8% |
| Q4 25 | — | -34.7% | ||
| Q3 25 | -162.0% | -22.3% | ||
| Q2 25 | 55.2% | -23.1% | ||
| Q1 25 | -311.9% | -25.4% | ||
| Q4 24 | — | -27.9% | ||
| Q3 24 | 4.4% | -23.6% | ||
| Q2 24 | 45.5% | -61.5% | ||
| Q1 24 | -64.5% | -67.4% |
| Q4 25 | $-6.96 | $-0.12 | ||
| Q3 25 | $-0.15 | $-0.08 | ||
| Q2 25 | $0.06 | $-0.09 | ||
| Q1 25 | $-0.32 | $-0.09 | ||
| Q4 24 | $-4.62 | $-0.11 | ||
| Q3 24 | $0.01 | $-0.11 | ||
| Q2 24 | $0.10 | $-0.14 | ||
| Q1 24 | $-0.27 | $-0.14 |
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 | — | $588.0K |
| Stockholders' EquityBook value | $23.3M | $4.5M |
| Total Assets | $25.1M | $10.5M |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7M | — | ||
| Q3 25 | $5.3M | $938.0K | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $2.8M | — | ||
| Q4 24 | $5.4M | $1.8M | ||
| Q3 24 | $5.0M | $1.1M | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $9.3M | — |
| Q4 25 | — | $588.0K | ||
| Q3 25 | — | $614.0K | ||
| Q2 25 | — | $638.0K | ||
| Q1 25 | — | $662.0K | ||
| Q4 24 | — | $685.0K | ||
| Q3 24 | — | $709.0K | ||
| Q2 24 | — | $732.0K | ||
| Q1 24 | — | $750.0K |
| Q4 25 | $23.3M | $4.5M | ||
| Q3 25 | $29.5M | $5.2M | ||
| Q2 25 | $32.7M | $4.7M | ||
| Q1 25 | $30.7M | $5.2M | ||
| Q4 24 | $39.3M | $5.8M | ||
| Q3 24 | $35.8M | $4.7M | ||
| Q2 24 | $33.4M | $4.2M | ||
| Q1 24 | $27.5M | $4.8M |
| Q4 25 | $25.1M | $10.5M | ||
| Q3 25 | $31.1M | $11.6M | ||
| Q2 25 | $34.4M | $9.7M | ||
| Q1 25 | $34.3M | $10.4M | ||
| Q4 24 | $43.2M | $11.0M | ||
| Q3 24 | $44.3M | $10.6M | ||
| Q2 24 | $44.0M | $9.8M | ||
| Q1 24 | $42.0M | $10.4M |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.16× |
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 | $281.0K |
| 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.
| Q4 25 | $-16.1M | $281.0K | ||
| Q3 25 | $-3.5M | $-785.0K | ||
| Q2 25 | $-5.8M | $-407.0K | ||
| Q1 25 | $-4.1M | $-400.0K | ||
| Q4 24 | $-4.6M | $-859.0K | ||
| Q3 24 | $290.0K | $-1.2M | ||
| Q2 24 | $-3.3M | $-700.0K | ||
| Q1 24 | $-58.0K | $-1.1M |
| Q4 25 | $-23.6M | — | ||
| Q3 25 | $-5.7M | $-793.0K | ||
| Q2 25 | $-6.0M | — | ||
| Q1 25 | $-5.1M | — | ||
| Q4 24 | $-13.5M | — | ||
| Q3 24 | $-4.3M | $-1.2M | ||
| Q2 24 | — | $-909.0K | ||
| Q1 24 | — | $-1.2M |
| Q4 25 | -867.3% | — | ||
| Q3 25 | -218.7% | -27.0% | ||
| Q2 25 | -200.5% | — | ||
| Q1 25 | -181.2% | — | ||
| Q4 24 | -511.9% | — | ||
| Q3 24 | -184.4% | -41.8% | ||
| Q2 24 | — | -63.1% | ||
| Q1 24 | — | -98.3% |
| Q4 25 | 275.4% | — | ||
| Q3 25 | 86.5% | 0.3% | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 36.4% | — | ||
| Q4 24 | 338.7% | — | ||
| Q3 24 | 196.7% | 0.4% | ||
| Q2 24 | 0.0% | 14.5% | ||
| Q1 24 | 0.0% | 12.0% |
| 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.
