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Side-by-side financial comparison of Sphere 3D Corp. (ANY) and Expion360 Inc. (XPON). Click either name above to swap in a different company.
Sphere 3D Corp. is the larger business by last-quarter revenue ($2.7M vs $2.2M, roughly 1.2× Expion360 Inc.). On growth, Expion360 Inc. posted the faster year-over-year revenue change (11.8% vs 3.1%). Over the past eight quarters, Expion360 Inc.'s revenue compounded faster (51.1% 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.
Expion360 Inc. is a provider of high-performance lithium iron phosphate (LFP) battery solutions and supporting energy storage products. Its core customer segments cover recreational vehicle owners, marine users, off-grid lifestyle enthusiasts and residential users across the U.S. market, delivering safe, durable and low-carbon energy storage options.
ANY vs XPON — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $2.2M |
| Net Profit | — | $-4.4M |
| Gross Margin | — | -14.8% |
| Operating Margin | -372.7% | -234.4% |
| Net Margin | — | -199.9% |
| Revenue YoY | 3.1% | 11.8% |
| Net Profit YoY | — | -1663.2% |
| EPS (diluted) | $-6.96 | $-0.45 |
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 | $2.2M | ||
| Q3 25 | $2.6M | $2.4M | ||
| Q2 25 | $3.0M | $3.0M | ||
| Q1 25 | $2.8M | $2.0M | ||
| Q4 24 | $2.6M | $2.0M | ||
| Q3 24 | $2.4M | $1.4M | ||
| Q2 24 | $4.7M | $1.3M | ||
| Q1 24 | $6.9M | $971.9K |
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $-4.2M | $722.8K | ||
| Q2 25 | $1.7M | $-1.4M | ||
| Q1 25 | $-8.8M | $-1.2M | ||
| Q4 24 | — | $-251.6K | ||
| Q3 24 | $104.0K | $-8.8M | ||
| Q2 24 | $2.1M | $-2.2M | ||
| Q1 24 | $-4.5M | $-2.2M |
| Q4 25 | — | -14.8% | ||
| Q3 25 | 25.4% | 22.7% | ||
| Q2 25 | 23.8% | 20.8% | ||
| Q1 25 | 22.1% | 24.5% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | -16.0% | 12.1% | ||
| Q2 24 | 15.2% | 25.5% | ||
| Q1 24 | 38.0% | 22.9% |
| Q4 25 | -372.7% | -234.4% | ||
| Q3 25 | -153.8% | -125.4% | ||
| Q2 25 | -87.0% | -45.2% | ||
| Q1 25 | -184.2% | -56.0% | ||
| Q4 24 | -328.7% | -59.5% | ||
| Q3 24 | -218.8% | -138.7% | ||
| Q2 24 | -122.4% | -131.4% | ||
| Q1 24 | -26.9% | -202.4% |
| Q4 25 | — | -199.9% | ||
| Q3 25 | -162.0% | 30.2% | ||
| Q2 25 | 55.2% | -45.8% | ||
| Q1 25 | -311.9% | -56.2% | ||
| Q4 24 | — | -12.7% | ||
| Q3 24 | 4.4% | -634.4% | ||
| Q2 24 | 45.5% | -173.7% | ||
| Q1 24 | -64.5% | -225.6% |
| Q4 25 | $-6.96 | $-0.45 | ||
| Q3 25 | $-0.15 | $0.10 | ||
| Q2 25 | $0.06 | $-0.41 | ||
| Q1 25 | $-0.32 | $-0.37 | ||
| Q4 24 | $-4.62 | $65.02 | ||
| Q3 24 | $0.01 | $-24.55 | ||
| Q2 24 | $0.10 | $-30.20 | ||
| Q1 24 | $-0.27 | $-31.30 |
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 | $3.0M |
| Total DebtLower is stronger | — | $197.2K |
| Stockholders' EquityBook value | $23.3M | $6.5M |
| Total Assets | $25.1M | $8.1M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7M | $3.0M | ||
| Q3 25 | $5.3M | $4.3M | ||
| Q2 25 | $4.7M | $684.9K | ||
| Q1 25 | $2.8M | $1.1M | ||
| Q4 24 | $5.4M | $547.6K | ||
| Q3 24 | $5.0M | $3.3M | ||
| Q2 24 | $4.3M | $902.3K | ||
| Q1 24 | $9.3M | $2.3M |
| Q4 25 | — | $197.2K | ||
| Q3 25 | — | $205.6K | ||
| Q2 25 | — | $213.6K | ||
| Q1 25 | — | $221.8K | ||
| Q4 24 | — | $230.2K | ||
| Q3 24 | — | $239.9K | ||
| Q2 24 | — | $247.7K | ||
| Q1 24 | — | $255.4K |
| Q4 25 | $23.3M | $6.5M | ||
| Q3 25 | $29.5M | $9.0M | ||
| Q2 25 | $32.7M | $2.1M | ||
| Q1 25 | $30.7M | $3.2M | ||
| Q4 24 | $39.3M | $2.5M | ||
| Q3 24 | $35.8M | $2.5M | ||
| Q2 24 | $33.4M | $2.5M | ||
| Q1 24 | $27.5M | $3.7M |
| Q4 25 | $25.1M | $8.1M | ||
| Q3 25 | $31.1M | $10.7M | ||
| Q2 25 | $34.4M | $8.6M | ||
| Q1 25 | $34.3M | $9.2M | ||
| Q4 24 | $43.2M | $9.1M | ||
| Q3 24 | $44.3M | $10.1M | ||
| Q2 24 | $44.0M | $8.8M | ||
| Q1 24 | $42.0M | $10.0M |
| Q4 25 | — | 0.03× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.07× |
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 | $-2.4M |
| 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 | $-2.4M | ||
| Q3 25 | $-3.5M | $-2.1M | ||
| Q2 25 | $-5.8M | $-401.0K | ||
| Q1 25 | $-4.1M | $-1.2M | ||
| Q4 24 | $-4.6M | $-2.9M | ||
| Q3 24 | $290.0K | $-3.2M | ||
| Q2 24 | $-3.3M | $-1.7M | ||
| Q1 24 | $-58.0K | $-1.7M |
| 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 | — | $-1.7M |
| 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 | — | -173.1% |
| 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% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.90× | ||
| 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.
