Invezz

Sphere 3D (ANY)

Nasdaq Market Closed

Sphere 3D Corp. is a public company focused primarily on Bitcoin mining. Its business model is based on deploying specialized computing equipment to help secure the Bitcoin network and earn block rewards and transaction fees. The company generates revenue by mining Bitcoin and, depending on its treasury and operating strategy, selling some of the Bitcoin it produces to fund expenses or support growth.

Bitcoin mining is capital-intensive and highly competitive. Sphere 3D’s performance depends on the efficiency and availability of its mining fleet, electricity costs, hosting or infrastructure arrangements, network difficulty, uptime, and the market price of Bitcoin. Like other listed miners, it is exposed to volatility in digital asset prices, changes in mining economics after Bitcoin reward halvings, and potential regulatory or energy-market constraints.

The company has sought to build enterprise-scale mining capacity through the procurement of mining machines and relationships with experienced service providers. This approach allows Sphere 3D to participate in the Bitcoin infrastructure market without operating like a traditional software or consumer technology company. Its results are therefore often assessed using metrics such as hash rate, fleet efficiency, Bitcoin production, liquidity, and the cost to mine each coin.

Sphere 3D gives equity investors a stock-market route to Bitcoin mining exposure. It is not a cryptocurrency itself, but its financial profile is closely linked to the Bitcoin ecosystem. When mining margins expand, listed miners can benefit from operating leverage; when margins contract, balance sheet strength and cost discipline become especially important.

1.67 USD
−0.18 (-9.73%)

Last updated

Market Cap
$14,137,269
P/E
P/FCF
P/S
1.38
Enterprise Value
$10,992,269
Sector
Industry
Address
243 TRESSER BLVD, 17TH FLOOR, STAMFORD, CT, 06901

No recent news is linked to this listing.

Market Cap
$14,137,269
Enterprise Value
$10,992,269
P/E
P/B
0.71
P/S
1.38
EV / EBITDA
-1.97
EV / Sales
1.07
EPS
-2.2
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-$22,232,000
ROE
-84.04%
ROA
-77.29%
Debt / Equity
0
Current Ratio
3.9
Quick Ratio
3.9
Cash
1.82
Avg Volume
$1,918,233
Fundamentals Snapshot Price
1.85

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 1.92M 2.72M 2.62M 3.02M 2.82M
Cost of revenue 1.6M 2.1M 1.96M 2.3M 2.19M
Gross profit 313K 621K 666K 717K 623K
Operating income -3.28M -9.78M -3.34M -2.58M -4.15M
EBITDA -2.14M -910K -1.12M -1.41M -2.55M
Net income -4.11M -10.12M -4.25M 1.67M -8.79M
Income taxes 1K 0 2K
Other operating expenses 0 7.33M 500K -500K 0
Total operating expenses 3.6M 10.4M 4.01M 3.29M 4.78M
Basic EPS -1.18 -3.27 -1.5 0.6 -3.23
Diluted EPS -1.18 -3.27 -1.5 0.6 -3.23

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 21.74M 25.12M 31.12M 34.42M 34.28M
Total liabilities 1.73M 1.8M 1.58M 1.69M 3.55M
Total equity 20M 23.3M 29.52M 32.71M 30.71M
Cash & equivalents 3.15M 3.71M 5.28M 4.7M 2.79M
Current assets 6.72M 8.68M 9.92M 11.32M 9.72M
Current liabilities 1.73M 1.8M 1.58M 1.69M 3.55M
Accounts payable 197K 427K 162K 339K 1.71M
Receivables 0 0 0 0 0

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -3.72M -2.72M -3.47M -5.85M -4.08M
Investing cash flow 2.79M -2.61M 3.5M 7.77M 1.33M
Financing cash flow 368K 3.76M 542K 0 108K
Change in cash -562K -1.57M 574K 1.92M -2.64M
Net income -4.11M -10.12M -4.25M 1.67M -8.79M
Kind Filing Date Link
edgar index DEF 14A — Sphere 3D Corp. View Filing
edgar index DEFA14A — Sphere 3D Corp. View Filing
edgar index SCHEDULE 13G — Sphere 3D Corp. View Filing
edgar index PRE 14A — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index S-8 — Sphere 3D Corp. View Filing
form 4 Form 4 — Hanley Timothy P. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Reppas Tiah Norton View Filing
form 4 Form 4 — Block Joel M View Filing
form 4 Form 4 — Dent Marcus E View Filing
form 4 Form 4 — Gates Nicholas Ray View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 8-K — Sphere 3D Corp. View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 144 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 3 — Sphere 3D Corp. View Filing
edgar index 3 — Sphere 3D Corp. View Filing
edgar index 3 — Sphere 3D Corp. View Filing
edgar index 144 — Sphere 3D Corp. View Filing
form 3 Form 3 — Block Joel M View Filing
form 3 Form 3 — Dent Marcus E View Filing
form 3 Form 3 — Gates Nicholas Ray View Filing
form 4 Form 4 — Harnett Sue View Filing
form 4 Form 4 — Harnett Sue View Filing
form 4 Form 4 — McEwan Duncan J View Filing
form 4 Form 4 — McEwan Duncan J View Filing
form 4 Form 4 — Reppas Tiah Norton View Filing
form 4 Form 4 — Reppas Tiah Norton View Filing
form 4 Form 4 — Reppas Tiah Norton View Filing
form 4 Form 4 — Reppas Tiah Norton View Filing
form 4 Form 4 — Reppas Tiah Norton View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
form 4 Form 4 — Harnett Sue View Filing
form 4 Form 4 — Harnett Sue View Filing
form 4 Form 4 — Hanley Timothy P. View Filing
form 4 Form 4 — Hanley Timothy P. View Filing
edgar index S-8 — Sphere 3D Corp. View Filing
edgar index 4 — Sphere 3D Corp. View Filing
edgar index 8-K — Sphere 3D Corp. View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
form 4 Form 4 — Kalbfleisch Kurt L. View Filing
edgar index 8-K — Sphere 3D Corp. View Filing
edgar index 10-Q — Sphere 3D Corp. View Filing
eight k text 8-K — 8-K View Filing
edgar index 8-K — Sphere 3D Corp. View Filing
eight k text 8-K — 8-K View Filing
edgar index DEFA14A — Sphere 3D Corp. View Filing
edgar index 8-K — Sphere 3D Corp. View Filing
eight k text 8-K — 8-K View Filing
edgar index DEFA14A — Sphere 3D Corp. View Filing
edgar index DEFM14A — Sphere 3D Corp. View Filing
edgar index PREM14A — Sphere 3D Corp. View Filing
edgar index DEF 14A — Sphere 3D Corp. View Filing
edgar index DEFA14A — Sphere 3D Corp. View Filing
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