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Side-by-side financial comparison of Sphere 3D Corp. (ANY) and TECOGEN INC. (TGEN). Click either name above to swap in a different company.
TECOGEN INC. is the larger business by last-quarter revenue ($5.3M vs $2.7M, roughly 2.0× Sphere 3D Corp.). On growth, Sphere 3D Corp. posted the faster year-over-year revenue change (3.1% vs -12.5%). TECOGEN INC. produced more free cash flow last quarter ($-2.6M vs $-23.6M). Over the past eight quarters, TECOGEN INC.'s revenue compounded faster (-7.3% 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 TGEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $5.3M |
| Net Profit | — | $-4.0M |
| Gross Margin | — | 36.8% |
| Operating Margin | -372.7% | -77.8% |
| Net Margin | — | -75.1% |
| Revenue YoY | 3.1% | -12.5% |
| Net Profit YoY | — | -236.7% |
| EPS (diluted) | $-6.96 | $-0.14 |
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 | $5.3M | ||
| Q3 25 | $2.6M | $7.2M | ||
| Q2 25 | $3.0M | $7.3M | ||
| Q1 25 | $2.8M | $7.3M | ||
| Q4 24 | $2.6M | $6.1M | ||
| Q3 24 | $2.4M | $5.6M | ||
| Q2 24 | $4.7M | $4.7M | ||
| Q1 24 | $6.9M | $6.2M |
| Q4 25 | — | $-4.0M | ||
| Q3 25 | $-4.2M | $-2.1M | ||
| Q2 25 | $1.7M | $-1.5M | ||
| Q1 25 | $-8.8M | $-659.9K | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | $104.0K | $-930.4K | ||
| Q2 24 | $2.1M | $-1.5M | ||
| Q1 24 | $-4.5M | $-1.1M |
| Q4 25 | — | 36.8% | ||
| Q3 25 | 25.4% | 30.4% | ||
| Q2 25 | 23.8% | 33.8% | ||
| Q1 25 | 22.1% | 44.3% | ||
| Q4 24 | — | 45.0% | ||
| Q3 24 | -16.0% | 44.1% | ||
| Q2 24 | 15.2% | 44.0% | ||
| Q1 24 | 38.0% | 41.6% |
| Q4 25 | -372.7% | -77.8% | ||
| Q3 25 | -153.8% | -29.2% | ||
| Q2 25 | -87.0% | -19.4% | ||
| Q1 25 | -184.2% | -8.2% | ||
| Q4 24 | -328.7% | -18.7% | ||
| Q3 24 | -218.8% | -15.5% | ||
| Q2 24 | -122.4% | -31.2% | ||
| Q1 24 | -26.9% | -17.0% |
| Q4 25 | — | -75.1% | ||
| Q3 25 | -162.0% | -29.7% | ||
| Q2 25 | 55.2% | -20.1% | ||
| Q1 25 | -311.9% | -9.1% | ||
| Q4 24 | — | -19.5% | ||
| Q3 24 | 4.4% | -16.5% | ||
| Q2 24 | 45.5% | -32.5% | ||
| Q1 24 | -64.5% | -17.9% |
| Q4 25 | $-6.96 | $-0.14 | ||
| Q3 25 | $-0.15 | $-0.07 | ||
| Q2 25 | $0.06 | $-0.06 | ||
| Q1 25 | $-0.32 | $-0.03 | ||
| Q4 24 | $-4.62 | $-0.05 | ||
| Q3 24 | $0.01 | $-0.04 | ||
| Q2 24 | $0.10 | $-0.06 | ||
| Q1 24 | $-0.27 | $-0.04 |
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 | $12.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.3M | $21.6M |
| Total Assets | $25.1M | $37.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7M | $12.4M | ||
| Q3 25 | $5.3M | $15.3M | ||
| Q2 25 | $4.7M | $1.6M | ||
| Q1 25 | $2.8M | $4.1M | ||
| Q4 24 | $5.4M | $5.4M | ||
| Q3 24 | $5.0M | $1.3M | ||
| Q2 24 | $4.3M | $841.9K | ||
| Q1 24 | $9.3M | $1.5M |
| Q4 25 | $23.3M | $21.6M | ||
| Q3 25 | $29.5M | $25.5M | ||
| Q2 25 | $32.7M | $9.1M | ||
| Q1 25 | $30.7M | $9.6M | ||
| Q4 24 | $39.3M | $10.2M | ||
| Q3 24 | $35.8M | $11.3M | ||
| Q2 24 | $33.4M | $12.2M | ||
| Q1 24 | $27.5M | $13.7M |
| Q4 25 | $25.1M | $37.0M | ||
| Q3 25 | $31.1M | $41.5M | ||
| Q2 25 | $34.4M | $28.4M | ||
| Q1 25 | $34.3M | $29.7M | ||
| Q4 24 | $43.2M | $31.1M | ||
| Q3 24 | $44.3M | $27.5M | ||
| Q2 24 | $44.0M | $27.2M | ||
| Q1 24 | $42.0M | $28.5M |
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 | $-2.6M |
| Free Cash FlowOCF − Capex | $-23.6M | $-2.6M |
| FCF MarginFCF / Revenue | -867.3% | -49.3% |
| Capex IntensityCapex / Revenue | 275.4% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-40.5M | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.1M | $-2.6M | ||
| Q3 25 | $-3.5M | $-3.6M | ||
| Q2 25 | $-5.8M | $-2.6M | ||
| Q1 25 | $-4.1M | $-1.2M | ||
| Q4 24 | $-4.6M | $4.2M | ||
| Q3 24 | $290.0K | $-207.3K | ||
| Q2 24 | $-3.3M | $-157.9K | ||
| Q1 24 | $-58.0K | $248.2K |
| Q4 25 | $-23.6M | $-2.6M | ||
| Q3 25 | $-5.7M | $-3.6M | ||
| Q2 25 | $-6.0M | $-2.7M | ||
| Q1 25 | $-5.1M | $-1.3M | ||
| Q4 24 | $-13.5M | $4.0M | ||
| Q3 24 | $-4.3M | $-489.6K | ||
| Q2 24 | — | $-609.6K | ||
| Q1 24 | — | $143.3K |
| Q4 25 | -867.3% | -49.3% | ||
| Q3 25 | -218.7% | -50.6% | ||
| Q2 25 | -200.5% | -37.7% | ||
| Q1 25 | -181.2% | -17.9% | ||
| Q4 24 | -511.9% | 66.6% | ||
| Q3 24 | -184.4% | -8.7% | ||
| Q2 24 | — | -12.9% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | 275.4% | 0.9% | ||
| Q3 25 | 86.5% | 1.0% | ||
| Q2 25 | 6.6% | 2.0% | ||
| Q1 25 | 36.4% | 1.8% | ||
| Q4 24 | 338.7% | 2.1% | ||
| Q3 24 | 196.7% | 5.0% | ||
| Q2 24 | 0.0% | 9.6% | ||
| Q1 24 | 0.0% | 1.7% |
| 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.
Revenue Breakdown by Segment
ANY
Segment breakdown not available.
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
