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Sphere 3D Corp.

ANY Clue Score52
United States Fiscal year ends December CIK 0001591956
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Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue76.4Operating income−63.8Net income−68.5Fiscal year 2017Revenue12.6 −83.5%Operating income−18.1Net income−26.2Fiscal year 2018Revenue9.0 −28.3%Operating income−12.6Net income−26.2Fiscal year 2019Revenue5.6 −38.2%Operating income−6.0Net income−4.3Fiscal year 2020Revenue4.8 −13.1%Operating income−6.0Net income−5.8Fiscal year 2021Revenue3.7 −23.3%Operating income−19.7Net income−17.3EPS, diluted−0.58Fiscal year 2022Revenue6.1 +63.4%Operating income−157.7Net income−192.8EPS, diluted−20.36Fiscal year 2023Revenue21.9 +260.5%Operating income−30.0EPS, diluted−1.93Fiscal year 2024Revenue16.6 −24.2%Operating income−21.4Net income−9.5EPS, diluted−4.78Fiscal year 2025Revenue11.2 −32.7%Operating income−22.0Net income−21.5EPS, diluted−7.37
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 76.4 12.6 9.0 5.6 4.8 3.7 6.1 21.9 16.6 11.2
Growth −83.5% −28.3% −38.2% −13.1% −23.3% +63.4% +260.5% −24.2% −32.7%
Operating income −63.8 −18.1 −12.6 −6.0 −6.0 −19.7 −157.7 −30.0 −21.4 −22.0
Net income −68.5 −26.2 −26.2 −4.3 −5.8 −17.3 −192.8 n/a −9.5 −21.5
Growth
EPS, diluted n/a n/a n/a n/a n/a −0.58 −20.36 −1.93 −4.78 −7.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin29.2%Operating margin−83.5%Net margin−89.6%Free cash flow margin−23.2%Fiscal year 2017Gross margin25.0%Operating margin−143.4%Net margin−207.8%Free cash flow margin−72.1%Fiscal year 2018Gross margin18.6%Operating margin−139.8%Net margin−290.2%Free cash flow margin−85.0%Fiscal year 2019Gross margin33.2%Operating margin−108.0%Net margin−76.7%Free cash flow margin−32.5%Fiscal year 2020Gross margin46.4%Operating margin−123.0%Net margin−119.2%Free cash flow margin−53.3%Fiscal year 2021Gross margin45.6%Operating margin−530.1%Net margin−464.8%Free cash flow margin−3,514.9%Fiscal year 2022Gross margin43.8%Operating margin−2,594.3%Net margin−3,172.6%Free cash flow margin−796.5%Fiscal year 2023Gross margin27.2%Operating margin−136.9%Free cash flow margin−37.2%Fiscal year 2024Operating margin−128.9%Net margin−57.0%Free cash flow margin−81.4%Fiscal year 2025Operating margin−196.8%Net margin−192.1%Free cash flow margin−211.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 29.2% 25.0% 18.6% 33.2% 46.4% 45.6% 43.8% 27.2% n/a n/a
Operating margin −83.5% −143.4% −139.8% −108.0% −123.0% −530.1% −2,594.3% −136.9% −128.9% −196.8%
Net margin −89.6% −207.8% −290.2% −76.7% −119.2% −464.8% −3,172.6% n/a −57.0% −192.1%
Free cash flow margin −23.2% −72.1% −85.0% −32.5% −53.3% −3,514.9% −796.5% −37.2% −81.4% −211.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−17.5Capital expenditure−0.2Free cash flow−17.7Fiscal year 2017Operating cash flow−9.0Capital expenditure−0.1Free cash flow−9.1Fiscal year 2018Operating cash flow−7.6Capital expenditure−0.1Free cash flow−7.7Fiscal year 2019Operating cash flow−1.8Capital expenditure0.0Free cash flow−1.8Fiscal year 2020Operating cash flow−2.6Capital expenditure0.0Free cash flow−2.6Fiscal year 2021Operating cash flow−28.5Capital expenditure−102.2Free cash flow−130.8Fiscal year 2022Operating cash flow−30.8Capital expenditure−17.6Free cash flow−48.4Fiscal year 2023Operating cash flow−6.6Capital expenditure−1.6Free cash flow−8.1Fiscal year 2024Operating cash flow−4.6Capital expenditure−8.9Free cash flow−13.5Fiscal year 2025Operating cash flow−16.1Capital expenditure−7.5Free cash flow−23.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −17.5 −9.0 −7.6 −1.8 −2.6 −28.5 −30.8 −6.6 −4.6 −16.1
Capital expenditure −0.2 −0.1 −0.1 0.0 0.0 −102.2 −17.6 −1.6 −8.9 −7.5
Free cash flow −17.7 −9.1 −7.7 −1.8 −2.6 −130.8 −48.4 −8.1 −13.5 −23.6
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash5.1Shareholders’ equity20.4Fiscal year 2017Cash0.6Shareholders’ equity10.5Fiscal year 2018Cash0.3Shareholders’ equity−5.6Fiscal year 2019Cash0.1Shareholders’ equity1.2Fiscal year 2020Cash0.5Shareholders’ equity5.0Fiscal year 2021Cash54.4Shareholders’ equity227.3Fiscal year 2022Cash1.3Shareholders’ equity34.9Fiscal year 2023Cash0.6Shareholders’ equity26.5Fiscal year 2024Cash5.4Shareholders’ equity39.3Fiscal year 2025Cash3.7Shareholders’ equity23.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 5.1 0.6 0.3 0.1 0.5 54.4 1.3 0.6 5.4 3.7
Shareholders’ equity 20.4 10.5 −5.6 1.2 5.0 227.3 34.9 26.5 39.3 23.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
29.2% 25.0% 18.6% 33.2% 46.4% 45.6% 43.8% 27.2% n/a n/a
−83.5% −143.4% −139.8% −108.0% −123.0% −530.1% −2,594.3% −136.9% −128.9% −196.8%
−88.5% −129.2% −140.5% −76.7% −119.2% n/a n/a n/a n/a n/a
−89.6% −207.8% −290.2% −76.7% −119.2% −464.8% −3,172.6% n/a −57.0% −192.1%
−23.2% −72.1% −85.0% −32.5% −53.3% −3,514.9% −796.5% −37.2% −81.4% −211.2%
Spending
11.5% 46.6% 37.9% 36.8% 24.8% 26.1% 10.0% 4.7% 0.0% n/a
27.1% 76.6% 83.0% 70.4% 112.9% 347.5% 397.1% 72.2% 74.9% 73.9%
0.3% 1.0% 0.6% 0.0% 0.0% 2,748.3% 290.1% 7.1% 53.9% 67.1%
Returns
−334.8% −250.3% n/a −345.2% −115.4% −7.6% −552.9% n/a −24.1% −92.2%
−74.0% −31.4% −232.2% −50.9% −48.8% −6.3% −232.2% n/a −21.9% −85.5%
Balance and payout
77.9% 87.4% 149.7% 85.2% 57.7% 2.3% 14.4% 11.7% n/a 7.2%