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Side-by-side financial comparison of Sphere 3D Corp. (ANY) and SHF Holdings, Inc. (SHFS). Click either name above to swap in a different company.
Sphere 3D Corp. is the larger business by last-quarter revenue ($2.7M vs $2.1M, roughly 1.3× SHF Holdings, Inc.). On growth, Sphere 3D Corp. posted the faster year-over-year revenue change (3.1% vs -43.8%). Over the past eight quarters, SHF Holdings, Inc.'s revenue compounded faster (-28.7% 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.
ANY vs SHFS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $2.1M |
| Net Profit | — | $-582.6K |
| Gross Margin | — | — |
| Operating Margin | -372.7% | -59.1% |
| Net Margin | — | -28.3% |
| Revenue YoY | 3.1% | -43.8% |
| Net Profit YoY | — | 98.9% |
| EPS (diluted) | $-6.96 | $-0.25 |
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 | $2.1M | ||
| Q3 25 | $2.6M | $1.8M | ||
| Q2 25 | $3.0M | $1.8M | ||
| Q1 25 | $2.8M | $1.9M | ||
| Q4 24 | $2.6M | $3.7M | ||
| Q3 24 | $2.4M | $3.5M | ||
| Q2 24 | $4.7M | $4.0M | ||
| Q1 24 | $6.9M | $4.1M |
| Q4 25 | — | $-582.6K | ||
| Q3 25 | $-4.2M | $179.5K | ||
| Q2 25 | $1.7M | $-930.7K | ||
| Q1 25 | $-8.8M | $-827.2K | ||
| Q4 24 | — | $-51.7M | ||
| Q3 24 | $104.0K | $353.8K | ||
| Q2 24 | $2.1M | $941.5K | ||
| Q1 24 | $-4.5M | $2.0M |
| 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% | — |
| Q4 25 | -372.7% | -59.1% | ||
| Q3 25 | -153.8% | -66.4% | ||
| Q2 25 | -87.0% | -52.6% | ||
| Q1 25 | -184.2% | -103.1% | ||
| Q4 24 | -328.7% | -215.0% | ||
| Q3 24 | -218.8% | 5.1% | ||
| Q2 24 | -122.4% | 7.4% | ||
| Q1 24 | -26.9% | 8.0% |
| Q4 25 | — | -28.3% | ||
| Q3 25 | -162.0% | 9.8% | ||
| Q2 25 | 55.2% | -50.4% | ||
| Q1 25 | -311.9% | -42.8% | ||
| Q4 24 | — | -1407.1% | ||
| Q3 24 | 4.4% | 10.2% | ||
| Q2 24 | 45.5% | 23.3% | ||
| Q1 24 | -64.5% | 50.6% |
| Q4 25 | $-6.96 | $-0.25 | ||
| Q3 25 | $-0.15 | $0.06 | ||
| Q2 25 | $0.06 | $-0.33 | ||
| Q1 25 | $-0.32 | $-0.30 | ||
| Q4 24 | $-4.62 | $-18.62 | ||
| Q3 24 | $0.01 | $0.13 | ||
| Q2 24 | $0.10 | $0.33 | ||
| Q1 24 | $-0.27 | $0.73 |
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 | $6.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.3M | $8.2M |
| Total Assets | $25.1M | $17.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7M | $6.8M | ||
| Q3 25 | $5.3M | $861.7K | ||
| Q2 25 | $4.7M | $247.3K | ||
| Q1 25 | $2.8M | $931.4K | ||
| Q4 24 | $5.4M | $2.3M | ||
| Q3 24 | $5.0M | $5.9M | ||
| Q2 24 | $4.3M | $6.1M | ||
| Q1 24 | $9.3M | $5.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $54.8M | ||
| Q2 24 | — | $55.0M | ||
| Q1 24 | — | $58.2M |
| Q4 25 | $23.3M | $8.2M | ||
| Q3 25 | $29.5M | $7.0M | ||
| Q2 25 | $32.7M | $-17.9M | ||
| Q1 25 | $30.7M | $-16.9M | ||
| Q4 24 | $39.3M | $-12.3M | ||
| Q3 24 | $35.8M | $39.4M | ||
| Q2 24 | $33.4M | $38.5M | ||
| Q1 24 | $27.5M | $37.0M |
| Q4 25 | $25.1M | $17.2M | ||
| Q3 25 | $31.1M | $13.7M | ||
| Q2 25 | $34.4M | $6.0M | ||
| Q1 25 | $34.3M | $6.7M | ||
| Q4 24 | $43.2M | $13.2M | ||
| Q3 24 | $44.3M | $66.9M | ||
| Q2 24 | $44.0M | $67.3M | ||
| Q1 24 | $42.0M | $67.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 1.43× | ||
| Q1 24 | — | 1.57× |
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 | $-1.1M |
| 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 | $-1.1M | ||
| Q3 25 | $-3.5M | $-538.0K | ||
| Q2 25 | $-5.8M | $-674.6K | ||
| Q1 25 | $-4.1M | $-1.1M | ||
| Q4 24 | $-4.6M | $-2.8M | ||
| Q3 24 | $290.0K | $502.4K | ||
| Q2 24 | $-3.3M | $1.2M | ||
| Q1 24 | $-58.0K | $1.5M |
| 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 | — | — |
| 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 | — | — |
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -3.00× | ||
| Q2 25 | -3.51× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.79× | 1.42× | ||
| Q2 24 | -1.55× | 1.31× | ||
| Q1 24 | — | 0.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANY
Segment breakdown not available.
SHFS
| Investments Income | $1.2M | 56% |
| Other | $906.6K | 44% |
