NASDAQ : DRK
Sphere 3D Corp. — Financial statements
United States
Last price 1.76 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 18.60M
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Financial statements
Sphere 3D Corp. (DRK) reported revenue of 9.71M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.71M | 11.18M | 16.61M | 21.91M | 6.08M | 3.72M |
| Cost of Revenue | 7.95M | 8.55M | 13.38M | 15.94M | 3.42M | 1.72M |
| Gross Profit | 1.76M | 2.63M | 3.23M | 5.96M | 2.66M | 2.00M |
| Selling, General & Admin | 7.25M | 8.27M | 12.45M | 16.77M | 25.14M | 14.24M |
| Research & Development | 1.03M | 605.00K | 971.00K | |||
| Other Operating Expenses | 1.43M | 345.00K | -682.00K | -449.00K | 1.13M | |
| Operating Expenses | 14.76M | 15.49M | 18.88M | 23.54M | 55.14M | 20.90M |
| Operating Income | -12.99M | -12.86M | -15.65M | -17.58M | -52.48M | -18.90M |
| Interest Expense | -1.18M | -516.00K | ||||
| Interest & Investment Income | 438.00K | 438.00K | 8.98M | 600.00K | 600.00K | |
| Other Non Operating Income (Expenses) | 61.00K | 81.00K | 3.11M | 1.06M | -10.12M | -3.98M |
| EBT Excluding Unusual Items | -12.49M | -12.34M | -3.56M | -17.70M | -62.00M | -22.79M |
| Merger & Restructuring Charges | -3.00M | |||||
| Impairment of Goodwill | -820.00K | |||||
| Gain (Loss) on Sale of Investments | -659.00K | -14.53M | ||||
| Gain (Loss) on Sale of Assets | -1.03M | -1.65M | -3.54M | 5.84M | 4.99M | |
| Asset Writedown | -15.11M | -7.49M | -2.22M | -2.95M | -89.10M | |
| Other Unusual Items | -8.51M | -27.11M | 1.31M | |||
| Pretax Income | -32.30M | -21.48M | -9.32M | -23.32M | -192.75M | -17.30M |
| Income Tax Expense | 3.00K | 2.00K | 150.00K | 13.00K | 166.00K | -15.00K |
| Earnings From Continuing Operations | -32.30M | -21.48M | -9.47M | -23.33M | -192.91M | -17.29M |
| Net Income to Company | -32.30M | -21.48M | -9.47M | -23.33M | -192.91M | -17.29M |
| Minority Interest in Earnings | -76.00K | 111.00K | ||||
| Net Income | -32.30M | -21.48M | -9.47M | -23.41M | -192.80M | -17.29M |
| Preferred Dividends & Other Adjustments | 531.00K | |||||
| Net Income to Common | -32.30M | -21.48M | -9.47M | -23.41M | -192.80M | -17.82M |
| Shares Outstanding (Basic) | 3.70M | 2.91M | 1.98M | 1.21M | 947.06K | 440.89K |
| Shares Outstanding (Diluted) | 3.70M | 2.91M | 1.98M | 1.21M | 947.06K | 440.89K |
| EPS (Basic) | -8.72 | -7.37 | -4.78 | -19.30 | -203.58 | -40.42 |
| EPS (Diluted) | -8.72 | -7.37 | -4.78 | -19.30 | -203.60 | -40.42 |
| Free Cash Flow | -21.49M | -23.62M | -13.52M | -8.14M | -48.40M | -130.76M |
| Free Cash Flow Per Share | -5.80 | -8.10 | -6.83 | -6.71 | -51.11 | -296.57 |
| Gross Margin | 18.17% | 23.49% | 19.45% | 27.22% | 43.77% | 53.82% |
| Operating Margin | -133.72% | -115.03% | -94.21% | -80.24% | -863.58% | -508.01% |
| Profit Margin | -332.50% | -192.13% | -57.02% | -106.85% | -3,172.64% | -479.03% |
| Free Cash Flow Margin | -221.20% | -211.22% | -81.41% | -37.17% | -796.48% | -3,514.95% |
| EBITDA | -6.92M | -5.98M | -8.53M | -11.39M | -24.22M | -13.21M |
| EBITDA Margin | -71.25% | -53.52% | -51.38% | -51.99% | ||
| D&A For EBITDA | 6.07M | 6.88M | 7.11M | 6.19M | 28.26M | 5.68M |
| EBIT | -12.99M | -12.86M | -15.65M | -17.58M | -52.48M | -18.90M |
| EBIT Margin | -133.72% | -115.03% | -94.21% | -80.24% | ||
| Revenue as Reported | 21.91M | 6.08M | 3.72M | |||
| Advertising Expenses | 104.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.85M | 3.71M | 5.42M | 586.00K | 1.34M | 54.35M |
| Short-Term Investments | 7.53M | |||||
| Cash & Short-Term Investments | 2.85M | 3.71M | 12.96M | 586.00K | 1.34M | 54.35M |
| Accounts Receivable | 346.00K | 174.00K | 181.00K | |||
| Receivables | 346.00K | 4.00M | 2.04M | |||
| Prepaid Expenses | 1.30M | 760.00K | 917.00K | 1.75M | 2.59M | 21.93M |
| Restricted Cash | 206.00K | |||||
| Other Current Assets | 1.63M | 4.21M | 3.92M | 11.18M | 2.16M | 101.00K |
| Total Current Assets | 6.12M | 8.68M | 17.79M | 13.51M | 10.28M | 78.42M |
| Property, Plant & Equipment | 12.16M | 14.61M | 21.97M | 24.17M | 34.26M | |
| Long-Term Investments | 654.00K | 19.95M | ||||
| Goodwill | 3.28M | |||||
| Other Intangible Assets | 754.00K | 1.61M | 3.10M | 4.58M | 9.48M | 63.02M |
| Other Long-Term Assets | 1.90M | 225.00K | 379.00K | 3.41M | 29.00M | 102.55M |
| Total Assets | 24.87M | 25.12M | 43.23M | 45.66M | 83.02M | 275.92M |
| Accounts Payable | 2.15M | 427.00K | 1.17M | 2.37M | 2.99M | 1.25M |
| Accrued Expenses | 2.56M | 1.38M | 2.70M | 2.66M | 2.23M | 3.45M |
| Current Unearned Revenue | 27.00K | 210.00K | ||||
| Other Current Liabilities | 1.04M | 31.00K | 311.00K | 974.00K | 297.00K | |
| Total Current Liabilities | 5.92M | 1.80M | 3.90M | 5.35M | 6.20M | 5.21M |
| Long-Term Unearned Revenue | 58.00K | |||||
| Long-Term Deferred Tax Liabilities | 760.00K | |||||
| Other Long-Term Liabilities | 5.78M | 1.03M | ||||
| Total Liabilities | 7.97M | 1.80M | 3.90M | 5.35M | 11.98M | 6.30M |
| Common Stock | 512.25M | 503.41M | 497.96M | 475.70M | 456.40M | 444.26M |
| Retained Earnings | -496.24M | -478.30M | -456.82M | -447.37M | -419.73M | -215.19M |
| Comprehensive Income & Other | -1.81M | -1.81M | -1.82M | -1.81M | -1.80M | -1.79M |
| Total Common Equity | 14.20M | 23.30M | 39.31M | 26.52M | 34.87M | 227.28M |
| Minority Interest | 9.69M | |||||
| Shareholders' Equity | 16.89M | 23.32M | 39.33M | 40.32M | 71.03M | 269.63M |
| Total Liabilities & Equity | 24.87M | 25.12M | 43.23M | 45.66M | 83.02M | 275.92M |
| Total Debt | 1.43M | |||||
| Net Cash (Debt) | 1.41M | 3.71M | 12.96M | 586.00K | 1.34M | 54.35M |
| Net Cash Per Share | 0.38 | 1.27 | 6.54 | 0.48 | 1.41 | 123.28 |
| Filing Date Shares Outstanding | 8.70M | 3.77M | 2.62M | 1.78M | 1.06M | 921.68K |
| Total Common Shares Outstanding | 7.64M | 3.39M | 2.55M | 1.54M | 980.44K | 908.09K |
| Working Capital | 204.00K | 6.88M | 13.89M | 8.16M | 4.08M | 73.21M |
| Book Value Per Share | 1.86 | 6.87 | 15.45 | 17.25 | 35.57 | 250.28 |
| Tangible Book Value | 10.16M | 21.69M | 36.22M | 21.94M | 25.39M | 164.26M |
| Tangible Book Value Per Share | 1.33 | 6.39 | 14.23 | 14.27 | 25.90 | 180.88 |
| Machinery | 7.42M | 24.02M | 27.21M | 30.12M | 35.55M | |
| Construction In Progress | 1.75M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -32.30M | -21.48M | -9.47M | -23.41M | -192.80M | -17.29M |
| Depreciation & Amortization | 6.08M | 6.88M | 7.11M | 6.19M | 28.26M | 5.68M |
| Other Amortization | 485.00K | |||||
| Loss (Gain) From Sale of Assets | 1.03M | 1.65M | 3.54M | -5.84M | -4.99M | |
| Asset Writedown & Restructuring Costs | 15.11M | 7.49M | 2.22M | 2.95M | 89.10M | 820.00K |
| Loss (Gain) From Sale of Investments | 221.00K | -438.00K | -8.98M | 14.53M | ||
| Stock-Based Compensation | 1.67M | 832.00K | 2.84M | 2.43M | 8.46M | 366.00K |
| Other Operating Activities | 1.89M | 546.00K | -318.00K | 10.03M | 39.63M | 2.16M |
| Change in Accounts Receivable | 54.00K | 94.00K | 7.00K | 75.00K | ||
| Change in Accounts Payable | 1.03M | -833.00K | -262.00K | 2.57M | 1.20M | 3.92M |
| Change in Unearned Revenue | -555.00K | |||||
| Change in Other Net Operating Assets | -10.01M | -10.76M | -1.26M | -1.60M | -19.16M | -19.20M |
| Operating Cash Flow | -15.21M | -16.12M | -4.58M | -6.58M | -30.77M | -28.52M |
| Capital Expenditures | -6.27M | -7.50M | -8.94M | -1.56M | -17.63M | -102.24M |
| Sale of Property, Plant & Equipment | 308.00K | 555.00K | 4.47M | |||
| Cash Acquisitions | 450.00K | -10.41M | 161.00K | |||
| Divestitures | -233.00K | |||||
| Sale (Purchase) of Intangibles | -306.00K | |||||
| Investment in Securities | 3.19M | 7.97M | 11.45M | -10.42M | ||
| Other Investing Activities | 8.93M | 8.97M | 1.52M | 10.30M | -4.26M | -10.04M |
| Investing Cash Flow | 6.60M | 9.99M | 4.03M | 2.56M | -22.04M | -122.69M |
| Long-Term Debt Issued | 779.00K | 447.00K | ||||
| Total Debt Issued | 779.00K | 447.00K | ||||
| Short-Term Debt Repaid | -402.00K | |||||
| Long-Term Debt Repaid | -1.28M | -1.10M | ||||
| Total Debt Repaid | -1.28M | -1.50M | ||||
| Net Debt Issued (Repaid) | -506.00K | -1.06M | ||||
| Issuance of Common Stock | 7.28M | 4.84M | 5.50M | 556.00K | 196.81M | |
| Preferred Dividends Paid | -227.00K | |||||
| Dividends Paid | -227.00K | |||||
| Other Financing Activities | -524.00K | -431.00K | -108.00K | -34.00K | ||
| Financing Cash Flow | 6.75M | 4.41M | 5.39M | 3.06M | 205.10M | |
| Net Cash Flow | -1.86M | -1.72M | 4.84M | -957.00K | -52.81M | 53.89M |
| Free Cash Flow | -21.49M | -23.62M | -13.52M | -8.14M | -48.40M | -130.76M |
| Free Cash Flow Margin | -221.20% | -211.22% | -81.41% | -37.17% | -796.48% | -3,514.95% |
| Free Cash Flow Per Share | -5.80 | -8.10 | -6.83 | -6.71 | -51.11 | -296.57 |
| Levered Free Cash Flow | -2.63M | -10.06M | -2.13M | -9.50M | 2.10M | -129.04M |
| Unlevered Free Cash Flow | -2.63M | -10.06M | -2.13M | -8.76M | 2.10M | -129.20M |
| Cash Interest Paid | 323.00K | 323.00K | 34.00K | |||
| Cash Income Tax Paid | 74.00K | 74.00K | 16.00K | 16.00K | 166.00K | |
| Change in Working Capital | -8.92M | -11.59M | -1.52M | 1.06M | -17.95M | -15.75M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 18.60M | 10.04M | 22.95M | 47.66M | 18.90M | 196.66M |
| Enterprise Value | 17.19M | 4.78M | 15.91M | 62.41M | 57.10M | 97.10M |
| Last Close Price | 1.76 | 2.98 | 9.44 | 33.20 | 19.29 | 218.40 |
| PS Ratio | 1.92 | 0.90 | 1.38 | 2.18 | 3.11 | 52.87 |
| PB Ratio | 0.95 | 0.43 | 0.58 | 1.18 | 0.27 | 0.73 |
| P/TBV Ratio | 1.83 | 0.46 | 0.63 | 2.17 | 0.74 | 1.20 |
| EV/Sales Ratio | 1.77 | 0.43 | 0.96 | 2.85 | 9.40 | 26.10 |
| Debt / Equity Ratio | 0.09 | |||||
| Net Debt / Equity Ratio | -0.08 | -0.16 | -0.33 | -0.01 | -0.02 | -0.20 |
| Net Debt / EBITDA Ratio | 0.20 | 0.62 | 1.52 | 0.05 | 0.06 | 4.11 |
| Net Debt / FCF Ratio | 0.07 | 0.16 | 0.96 | 0.07 | 0.03 | 0.42 |
| Asset Turnover | 0.33 | 0.33 | 0.37 | 0.34 | 0.03 | 0.03 |
| Quick Ratio | 0.54 | 2.06 | 3.33 | 0.11 | 0.24 | 10.47 |
| Current Ratio | 1.03 | 4.82 | 4.57 | 2.53 | 1.66 | 15.06 |
| Return on Equity (ROE) | -130.19% | -68.58% | -23.78% | -41.90% | -113.26% | -12.59% |
| Return on Assets (ROA) | -27.39% | -23.52% | -22.00% | -17.08% | -18.28% | -8.21% |
| Return on Capital Employed (ROCE) | -68.50% | -55.20% | -39.80% | -43.60% | -68.30% | -7.00% |
| Earnings Yield | -495.36% | -214.01% | -41.26% | -49.11% | -1,020.04% | -8.79% |
| FCF Yield | -115.51% | -235.28% | -58.90% | -17.09% | -256.08% | -66.49% |
| Buyback Yield / Dilution | -49.87% | -47.19% | -63.25% | -28.07% | -114.81% | -424.47% |