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

Xos, Inc. is the larger business by last-quarter revenue ($5.2M vs $2.7M, roughly 1.9× Sphere 3D Corp.). On growth, Sphere 3D Corp. posted the faster year-over-year revenue change (3.1% vs -54.5%). Over the past eight quarters, Xos, Inc.'s revenue compounded faster (-35.7% 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.

Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.

ANY vs XOS — Head-to-Head

Bigger by revenue
XOS
XOS
1.9× larger
XOS
$5.2M
$2.7M
ANY
Growing faster (revenue YoY)
ANY
ANY
+57.6% gap
ANY
3.1%
-54.5%
XOS
Faster 2-yr revenue CAGR
XOS
XOS
Annualised
XOS
-35.7%
-37.4%
ANY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANY
ANY
XOS
XOS
Revenue
$2.7M
$5.2M
Net Profit
$-9.8M
Gross Margin
-50.5%
Operating Margin
-372.7%
-186.6%
Net Margin
-186.8%
Revenue YoY
3.1%
-54.5%
Net Profit YoY
48.6%
EPS (diluted)
$-6.96
$-0.76

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
XOS
XOS
Q4 25
$2.7M
$5.2M
Q3 25
$2.6M
$16.5M
Q2 25
$3.0M
$18.4M
Q1 25
$2.8M
$5.9M
Q4 24
$2.6M
$11.5M
Q3 24
$2.4M
$15.8M
Q2 24
$4.7M
$15.5M
Q1 24
$6.9M
$12.6M
Net Profit
ANY
ANY
XOS
XOS
Q4 25
$-9.8M
Q3 25
$-4.2M
$2.1M
Q2 25
$1.7M
$-7.5M
Q1 25
$-8.8M
$-10.2M
Q4 24
$-19.0M
Q3 24
$104.0K
$-10.5M
Q2 24
$2.1M
$-9.7M
Q1 24
$-4.5M
$-11.0M
Gross Margin
ANY
ANY
XOS
XOS
Q4 25
-50.5%
Q3 25
25.4%
15.3%
Q2 25
23.8%
8.8%
Q1 25
22.1%
20.6%
Q4 24
-32.4%
Q3 24
-16.0%
18.1%
Q2 24
15.2%
13.1%
Q1 24
38.0%
22.1%
Operating Margin
ANY
ANY
XOS
XOS
Q4 25
-372.7%
-186.6%
Q3 25
-153.8%
-42.4%
Q2 25
-87.0%
-38.5%
Q1 25
-184.2%
-157.7%
Q4 24
-328.7%
-127.0%
Q3 24
-218.8%
-61.4%
Q2 24
-122.4%
-73.2%
Q1 24
-26.9%
-81.1%
Net Margin
ANY
ANY
XOS
XOS
Q4 25
-186.8%
Q3 25
-162.0%
12.9%
Q2 25
55.2%
-40.8%
Q1 25
-311.9%
-173.3%
Q4 24
-165.4%
Q3 24
4.4%
-66.6%
Q2 24
45.5%
-62.2%
Q1 24
-64.5%
-87.1%
EPS (diluted)
ANY
ANY
XOS
XOS
Q4 25
$-6.96
$-0.76
Q3 25
$-0.15
$0.22
Q2 25
$0.06
$-0.91
Q1 25
$-0.32
$-1.26
Q4 24
$-4.62
$-2.34
Q3 24
$0.01
$-1.32
Q2 24
$0.10
$-1.23
Q1 24
$-0.27
$-1.80

Balance Sheet & Financial Strength

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

Metric
ANY
ANY
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$3.7M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.3M
$23.3M
Total Assets
$25.1M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANY
ANY
XOS
XOS
Q4 25
$3.7M
$14.0M
Q3 25
$5.3M
$14.1M
Q2 25
$4.7M
$8.8M
Q1 25
$2.8M
$4.8M
Q4 24
$5.4M
$11.0M
Q3 24
$5.0M
$8.4M
Q2 24
$4.3M
$19.7M
Q1 24
$9.3M
$46.2M
Stockholders' Equity
ANY
ANY
XOS
XOS
Q4 25
$23.3M
$23.3M
Q3 25
$29.5M
$31.1M
Q2 25
$32.7M
$18.3M
Q1 25
$30.7M
$24.8M
Q4 24
$39.3M
$33.6M
Q3 24
$35.8M
$50.8M
Q2 24
$33.4M
$59.2M
Q1 24
$27.5M
$67.8M
Total Assets
ANY
ANY
XOS
XOS
Q4 25
$25.1M
$60.4M
Q3 25
$31.1M
$73.8M
Q2 25
$34.4M
$80.3M
Q1 25
$34.3M
$87.7M
Q4 24
$43.2M
$98.3M
Q3 24
$44.3M
$120.5M
Q2 24
$44.0M
$123.4M
Q1 24
$42.0M
$135.0M

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
XOS
XOS
Operating Cash FlowLast quarter
$-16.1M
$2.4M
Free Cash FlowOCF − Capex
$-23.6M
FCF MarginFCF / Revenue
-867.3%
Capex IntensityCapex / Revenue
275.4%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANY
ANY
XOS
XOS
Q4 25
$-16.1M
$2.4M
Q3 25
$-3.5M
$3.1M
Q2 25
$-5.8M
$4.6M
Q1 25
$-4.1M
$-4.8M
Q4 24
$-4.6M
$3.3M
Q3 24
$290.0K
$-11.5M
Q2 24
$-3.3M
$-26.0M
Q1 24
$-58.0K
$-14.6M
Free Cash Flow
ANY
ANY
XOS
XOS
Q4 25
$-23.6M
Q3 25
$-5.7M
Q2 25
$-6.0M
Q1 25
$-5.1M
Q4 24
$-13.5M
Q3 24
$-4.3M
$-11.7M
Q2 24
$-26.1M
Q1 24
$-14.6M
FCF Margin
ANY
ANY
XOS
XOS
Q4 25
-867.3%
Q3 25
-218.7%
Q2 25
-200.5%
Q1 25
-181.2%
Q4 24
-511.9%
Q3 24
-184.4%
-73.9%
Q2 24
-168.1%
Q1 24
-115.7%
Capex Intensity
ANY
ANY
XOS
XOS
Q4 25
275.4%
0.0%
Q3 25
86.5%
0.0%
Q2 25
6.6%
0.0%
Q1 25
36.4%
0.0%
Q4 24
338.7%
0.0%
Q3 24
196.7%
0.9%
Q2 24
0.0%
0.8%
Q1 24
0.0%
0.2%
Cash Conversion
ANY
ANY
XOS
XOS
Q4 25
Q3 25
1.45×
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.

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