vs
Sphere 3D Corp.（ANY）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
微策略的季度营收约是Sphere 3D Corp.的47.3倍（$128.7M vs $2.7M）。微策略同比增速更快（10.9% vs 3.1%）。Sphere 3D Corp.自由现金流更多（$-6.7M vs $-11.1M）。过去两年微策略的营收复合增速更高（1.7% vs -37.4%）
Sphere 3D Corp是一家全球化科技企业，专注于云计算、数据管理及虚拟化解决方案领域，为中小型企业、大型企业客户及公共部门主体提供企业级产品与服务，帮助客户优化IT基础设施效率、降低运营成本。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
ANY vs MSTR — 直观对比
营收规模更大
MSTR
是对方的47.3倍
$2.7M
营收增速更快
MSTR
高出7.8%
3.1%
自由现金流更多
ANY
多$4.4M
$-11.1M
两年增速更快
MSTR
近两年复合增速
-37.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7M | $128.7M |
| 净利润 | — | $2.8B |
| 毛利率 | — | 70.5% |
| 营业利润率 | -372.7% | — |
| 净利率 | — | 2164.1% |
| 营收同比 | 3.1% | 10.9% |
| 净利润同比 | — | 918.7% |
| 每股收益（稀释后） | $-6.96 | $8.42 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ANYMSTR
| Q4 25 | $2.7M | — | ||
| Q3 25 | $2.6M | $128.7M | ||
| Q2 25 | $3.0M | $114.5M | ||
| Q1 25 | $2.8M | $111.1M | ||
| Q4 24 | $2.6M | $120.7M | ||
| Q3 24 | $2.4M | $116.1M | ||
| Q2 24 | $4.7M | $111.4M | ||
| Q1 24 | $6.9M | $115.2M |
净利润ANYMSTR
| Q4 25 | — | — | ||
| Q3 25 | $-4.2M | $2.8B | ||
| Q2 25 | $1.7M | $10.0B | ||
| Q1 25 | $-8.8M | $-4.2B | ||
| Q4 24 | — | $-670.8M | ||
| Q3 24 | $104.0K | $-340.2M | ||
| Q2 24 | $2.1M | $-102.6M | ||
| Q1 24 | $-4.5M | $-53.1M |
毛利率ANYMSTR
| Q4 25 | — | — | ||
| Q3 25 | 25.4% | 70.5% | ||
| Q2 25 | 23.8% | 68.8% | ||
| Q1 25 | 22.1% | 69.4% | ||
| Q4 24 | — | 71.7% | ||
| Q3 24 | -16.0% | 70.4% | ||
| Q2 24 | 15.2% | 72.2% | ||
| Q1 24 | 38.0% | 74.0% |
营业利润率ANYMSTR
| Q4 25 | -372.7% | — | ||
| Q3 25 | -153.8% | — | ||
| Q2 25 | -87.0% | — | ||
| Q1 25 | -184.2% | -5331.4% | ||
| Q4 24 | -328.7% | -842.1% | ||
| Q3 24 | -218.8% | -372.7% | ||
| Q2 24 | -122.4% | -179.7% | ||
| Q1 24 | -26.9% | -176.8% |
净利率ANYMSTR
| Q4 25 | — | — | ||
| Q3 25 | -162.0% | 2164.1% | ||
| Q2 25 | 55.2% | 8752.7% | ||
| Q1 25 | -311.9% | -3797.2% | ||
| Q4 24 | — | -555.8% | ||
| Q3 24 | 4.4% | -293.1% | ||
| Q2 24 | 45.5% | -92.0% | ||
| Q1 24 | -64.5% | -46.1% |
每股收益（稀释后）ANYMSTR
| Q4 25 | $-6.96 | — | ||
| Q3 25 | $-0.15 | $8.42 | ||
| Q2 25 | $0.06 | $32.60 | ||
| Q1 25 | $-0.32 | $-16.49 | ||
| Q4 24 | $-4.62 | $4.49 | ||
| Q3 24 | $0.01 | $-1.72 | ||
| Q2 24 | $0.10 | $-5.74 | ||
| Q1 24 | $-0.27 | $-3.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.7M | $54.3M |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $23.3M | $52.3B |
| 总资产 | $25.1M | $73.6B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资ANYMSTR
| Q4 25 | $3.7M | — | ||
| Q3 25 | $5.3M | $54.3M | ||
| Q2 25 | $4.7M | $50.1M | ||
| Q1 25 | $2.8M | $60.3M | ||
| Q4 24 | $5.4M | $38.1M | ||
| Q3 24 | $5.0M | $46.3M | ||
| Q2 24 | $4.3M | $66.9M | ||
| Q1 24 | $9.3M | $81.3M |
总债务ANYMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.6B |
股东权益ANYMSTR
| Q4 25 | $23.3M | — | ||
| Q3 25 | $29.5M | $52.3B | ||
| Q2 25 | $32.7M | $47.5B | ||
| Q1 25 | $30.7M | $32.2B | ||
| Q4 24 | $39.3M | $18.2B | ||
| Q3 24 | $35.8M | $3.8B | ||
| Q2 24 | $33.4M | $2.8B | ||
| Q1 24 | $27.5M | $2.4B |
总资产ANYMSTR
| Q4 25 | $25.1M | — | ||
| Q3 25 | $31.1M | $73.6B | ||
| Q2 25 | $34.4M | $64.8B | ||
| Q1 25 | $34.3M | $43.9B | ||
| Q4 24 | $43.2M | $25.8B | ||
| Q3 24 | $44.3M | $8.3B | ||
| Q2 24 | $44.0M | $7.1B | ||
| Q1 24 | $42.0M | $6.4B |
负债/权益比ANYMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.48× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-2.7M | $-8.3M |
| 自由现金流经营现金流 - 资本支出 | $-6.7M | $-11.1M |
| 自由现金流率自由现金流/营收 | -247.1% | -8.6% |
| 资本支出强度资本支出/营收 | 147.1% | 2.2% |
| 现金转化率经营现金流/净利润 | — | -0.00× |
| 过去12个月自由现金流最近4个季度 | $-23.6M | $-70.8M |
8季度趋势，按日历期对齐
经营现金流ANYMSTR
| Q4 25 | $-2.7M | — | ||
| Q3 25 | $-3.5M | $-8.3M | ||
| Q2 25 | $-5.8M | $-34.9M | ||
| Q1 25 | $-4.1M | $-2.4M | ||
| Q4 24 | $-1.5M | $-17.3M | ||
| Q3 24 | $290.0K | $-41.0M | ||
| Q2 24 | $-3.3M | $-23.3M | ||
| Q1 24 | $-58.0K | $28.6M |
自由现金流ANYMSTR
| Q4 25 | $-6.7M | — | ||
| Q3 25 | $-5.7M | $-11.1M | ||
| Q2 25 | $-6.0M | $-37.0M | ||
| Q1 25 | $-5.1M | $-5.1M | ||
| Q4 24 | $-5.8M | $-17.6M | ||
| Q3 24 | $-4.3M | $-41.4M | ||
| Q2 24 | — | $-24.1M | ||
| Q1 24 | — | $27.0M |
自由现金流率ANYMSTR
| Q4 25 | -247.1% | — | ||
| Q3 25 | -218.7% | -8.6% | ||
| Q2 25 | -200.5% | -32.3% | ||
| Q1 25 | -181.2% | -4.6% | ||
| Q4 24 | -220.5% | -14.6% | ||
| Q3 24 | -184.4% | -35.7% | ||
| Q2 24 | — | -21.6% | ||
| Q1 24 | — | 23.5% |
资本支出强度ANYMSTR
| Q4 25 | 147.1% | — | ||
| Q3 25 | 86.5% | 2.2% | ||
| Q2 25 | 6.6% | 1.8% | ||
| Q1 25 | 36.4% | 2.5% | ||
| Q4 24 | 163.3% | 0.2% | ||
| Q3 24 | 196.7% | 0.4% | ||
| Q2 24 | 0.0% | 0.6% | ||
| Q1 24 | 0.0% | 1.3% |
现金转化率ANYMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | -0.00× | ||
| Q2 25 | -3.51× | -0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.79× | — | ||
| Q2 24 | -1.55× | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ANY
暂无分部数据
MSTR
| Current Deferred Revenue And Advanced Payments | $52.2M | 41% |
| Subscription And Circulation | $46.0M | 36% |
| License | $17.4M | 13% |
| Technology Service | $14.2M | 11% |
