Sphere 3D Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $11.2M | $16.6M | $21.9M | $6.1M | $3.7M |
| Research and development | — | $0 | $1.0M | $605,000 | $971,000 |
| Operating expenses | — | $38.0M | $51.9M | $163.7M | $23.4M |
| Operating income | -$22.0M | -$21.4M | -$30.0M | -$157.7M | -$19.7M |
| Income tax expense | $2,000 | $150,000 | $13,000 | $166,000 | -$15,000 |
| Net income | -$21.5M | -$9.5M | -$23.3M | -$192.8M | -$17.3M |
| Balance Sheet | |||||
| Cash and equivalents | $3.7M | $5.4M | $586,000 | $1.3M | $54.4M |
| Current assets | $8.7M | $17.8M | $13.5M | $10.3M | $78.4M |
| Total assets | $25.1M | $43.2M | $45.7M | $83.0M | $275.9M |
| Current liabilities | $1.8M | $3.9M | $5.3M | $6.2M | $5.2M |
| Total liabilities | — | — | $5.3M | $12.0M | $6.3M |
| Stockholders' equity | $23.3M | $39.3M | $26.5M | $34.9M | $227.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$16.1M | -$4.6M | -$6.6M | -$30.8M | -$28.5M |
| Depreciation and amortization | $6.9M | $7.1M | $6.2M | $28.3M | $5.7M |
| Stock-based compensation | $832,000 | $2.8M | $2.4M | $8.5M | $366,000 |
| Capital expenditure | $7.5M | $8.9M | $1.6M | $17.6M | $102.2M |
| Free cash flow | -$23.6M | -$13.5M | -$8.1M | -$48.4M | -$130.8M |
| Share repurchases | — | — | $0 | $15.9M | $0 |
| Impairments | $7.2M | $1.1M | $0 | $75.9M | $522,000 |
Shares outstanding 4.2M
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.