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Sphere 3D Corp. Income Statement 2025-2011 | ANY
Brief overview of financial results at Sphere 3D Corp.
This overview is based on financial performance over the past five years. Revenue at Sphere 3D Corp. moved from $4.8 million in 2020 to $11.2 million in 2025. Overall revenue changed by +130.6%, equal to an annualized rate of about 18.2%. The pace indicates confident and sustained business growth.
Gross profit changed from 2.2 million dollars to 2.6 million dollars (+16.8%). Cost of revenue developed less favorably than sales and pressured gross profitability. Comparing the endpoints gives gross margins of 46.4% and 23.5%. The business retained less gross profit from each unit of revenue.
Over the period, EBITDA shifted from −4.7 million dollars to −15.1 million dollars, a change of −221.2%. EBITDA lagged revenue, showing weaker operating momentum. Comparing the endpoints gives EBITDA margins of −97.1% and −135.2%. A lower EBITDA share weakens the quality of the result.
Across the five years, the net result shifted from −$5.8 million to −$21.5 million. Profitability deteriorated further over the five years.
Overall conclusion
The financial trajectory is weak and requires a cautious interpretation. The positive side is supported by revenue expansion. The most visible risks are weaker operating efficiency, pressure from direct costs and limited operating profitability. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement Sphere 3D Corp.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
4.14 M | 832 K | 19.5 M | 3.31 M | 64.8 M | 5.68 M | 2.09 M | 4.38 M | 11.6 M | 18.4 M | 53.1 M | 91.7 M | 102 M | - | - |
Shares |
2.91 M | 1.98 M | 12.1 M | 9.47 M | 30.9 M | 2.69 M | 2.69 M | 1.66 M | 622 K | 249 K | 190 K | 121 K | 86.7 K | - | - |
Historical Prices |
1.42 | 0.42 | 1.61 | 0.35 | 2.1 | 2.11 | 0.776 | 2.6 | 18.1 | 64.4 | 280 | 760 | 1.2 K | - | - |
Net Income |
-21.5 M | -9.47 M | -23.3 M | -193 M | -17.3 M | -5.78 M | -4.28 M | -26.2 M | -26.2 M | -68.5 M | -47.2 M | -12.7 M | -2.23 M | -99.9 K | -89.3 K |
Revenue |
11.2 M | 16.6 M | 21.9 M | 6.08 M | 3.72 M | 4.85 M | 5.58 M | 9.03 M | 81.5 M | 76.4 M | 76.2 M | 13.5 M | - | - | 2.99 K |
Cost of Revenue |
8.55 M | 13.4 M | - | - | - | 2.6 M | 3.72 M | 7.35 M | - | - | - | - | - | - | - |
Gross Profit |
- | - | 5.96 M | 2.66 M | - | 2.25 M | 1.85 M | 1.68 M | 24.7 M | 22.3 M | 22.6 M | 5.34 M | - | - | 2.99 K |
Operating Income |
-22 M | -21.4 M | -30 M | -158 M | -19.7 M | -5.96 M | -6.02 M | -12.6 M | -18.1 M | -63.8 M | -44.8 M | -12 M | - | - | - |
Interest Expense |
- | - | 1 M | 2.58 M | 2.93 M | 918 K | 22 K | - | 3.39 M | 1.98 M | 355 K | 240 K | - | - | - |
EBITDA |
-15.1 M | -14.3 M | -23.8 M | -129 M | -14 M | -4.71 M | -4.99 M | -8.76 M | -15.3 M | -23.2 M | -26.7 M | -8.59 M | -1.98 M | -106 K | -89.3 K |
Operating Expenses |
- | 38 M | 51.9 M | 164 M | 23.4 M | 7.93 M | 7.81 M | 14.3 M | 46.1 M | 51.8 M | 56.8 M | 17.4 M | - | - | 92.3 K |
General and Administrative Expenses |
8.27 M | 12.4 M | 15.8 M | 24.1 M | 12.9 M | 5.47 M | 3.92 M | 7.5 M | 20.1 M | 20.7 M | 23.3 M | 11.6 M | 1.98 M | 103 K | 92.3 K |
All numbers in USD currency
Quarterly Income Statement Sphere 3D Corp.
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
3.48 M | 28.5 M | 27.7 M | 27.2 M | 25.5 M | 20.7 M | 18.7 M | 16.6 M | 15.4 M | 12.7 M | 11.1 M | 10.3 M | 9.8 M | 9.57 M | 9.45 M | 63.8 M | 63.6 M | 34.3 M | 16 M | 9.42 M | 7.87 M | 6.95 M | 4.8 M | 3.95 M | 3.85 M | 2.67 M | 2.3 M | 2.24 M | 889 K | 1.92 M | 1.71 M | 960 K | 889 K | 738 K | 4.14 M | 3.12 M | 2.66 M | - | - | - | 45.2 M | - | - | - | 34.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
-4.11 M | -4.25 M | 1.67 M | -8.78 M | - | 104 K | 2.12 M | -4.48 M | - | -6.31 M | -4.76 M | -3.49 M | - | -20.5 M | -40.7 M | -14.6 M | - | -2.4 M | -2.88 M | -2.37 M | - | -1.19 M | -1.95 M | -1.1 M | - | 885 K | -1.66 M | -1.84 M | - | -4.85 M | -6 M | -6.82 M | - | -3.48 M | -7.51 M | -7.81 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
1.92 M | 2.62 M | 3.02 M | 2.82 M | - | 2.36 M | 4.67 M | 6.95 M | - | 5.72 M | 5.47 M | 3.03 M | - | 1.36 M | 1.92 M | 1.37 M | - | 1.04 M | 894 K | 940 K | - | 890 K | 891 K | 1.01 M | - | 1.37 M | 963 K | 2.13 M | - | 1.31 M | 2.7 M | 19.4 M | - | 21.7 M | 19.4 M | 21.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
1.6 M | 1.96 M | 2.3 M | 2.19 M | - | 2.73 M | 3.96 M | 4.31 M | - | - | - | - | - | - | - | - | - | 556 K | 503 K | - | - | 356 K | 449 K | 547 K | - | 883 K | 718 K | 1.44 M | - | 1.11 M | 2.22 M | 1.93 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | - | - | - | 1.21 M | 1.18 M | 763 K | - | 507 K | 961 K | - | - | 485 K | 391 K | - | - | 534 K | 442 K | 463 K | - | 485 K | 245 K | 695 K | - | 192 K | 473 K | 443 K | - | 6.73 M | 5.39 M | 6.83 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
-4.13 M | -4.04 M | -2.63 M | -5.19 M | - | -5.15 M | -5.71 M | -1.87 M | - | -6.4 M | -4.7 M | -3.74 M | - | -10.3 M | -15.4 M | -15.1 M | - | -2.54 M | -3.54 M | -1.28 M | - | -1.66 M | -1.97 M | -1.16 M | - | -1.33 M | -1.52 M | -1.71 M | - | -2.64 M | -2.86 M | -4.45 M | - | -4.49 M | -6.13 M | -4.73 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
25 K | 7 K | -13 K | 53 K | - | 2.89 M | 46 K | 129 K | - | 10 K | 1.17 M | 251 K | - | - | - | 461 K | - | 146 K | 667 K | -588 K | - | 715 K | 76 K | 9 K | - | 9 K | 12 K | 3 K | - | - | - | - | - | 519 K | 1.06 M | 1.19 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
-2.98 M | -2.31 M | -960 K | -3.58 M | - | -3.42 M | -3.9 M | -45 K | - | -4.38 M | -3.32 M | -2.72 M | - | -2.93 M | -7.91 M | -8.74 M | - | -2.02 M | -3.39 M | -1.12 M | - | -1.4 M | -1.73 M | -917 K | - | -553 K | -1 M | -1.44 M | - | 654 K | -447 K | -2.96 M | - | 88 K | -3.07 M | -3.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
- | - | - | - | - | 7.51 M | 10.4 M | 8.81 M | - | 12.1 M | 10.2 M | 6.77 M | - | 11.7 M | 17.3 M | 16.5 M | - | 3.03 M | 3.93 M | 2.22 M | - | 2.19 M | 2.41 M | 1.63 M | - | 1.81 M | 1.77 M | 2.4 M | - | 2.84 M | 3.33 M | 4.89 M | - | 11.2 M | 11.5 M | 11.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
2.45 M | 1.78 M | 2.13 M | 3.17 M | - | 3.03 M | 2.99 M | 3.45 M | - | 3.4 M | 3.63 M | 3.47 M | - | 2.93 M | 7.79 M | 8.97 M | - | 2.45 M | 3.26 M | 1.16 M | - | 1.59 M | 1.83 M | 984 K | - | 801 K | 761 K | 1.25 M | - | 1.46 M | 1.69 M | 3 M | - | 4.84 M | 4.91 M | 4.99 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Sphere 3D Corp. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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