Sphere 3D Corp.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $11.2M | $16.6M | $21.9M | $6.1M | $3.7M |
| Operating income | -$22.0M | -$21.4M | -$30.0M | -$157.7M | -$19.7M |
| Operating expenses | — | $38.0M | $51.9M | $163.7M | $23.4M |
| Cash from operations | -$16.1M | -$4.6M | -$6.6M | -$30.8M | -$28.5M |
| 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 |
| Total assets | $25.1M | $43.2M | $45.7M | $83.0M | $275.9M |
| Total liabilities | — | — | $5.3M | $12.0M | $6.3M |
Shares outstanding 4.2M · Free float 8.1%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.