Sphere 3D Corp.
Business
Sphere 3D Corp. is a Bitcoin mining company that obtains Bitcoin through computational proof-of-work mining operations. The company operates application-specific integrated circuit (ASIC) miners deployed across hosting facilities and a self-owned Iowa data center to maximize hashrate and mining efficiency. Sphere 3D mines Bitcoin exclusively and holds Bitcoin as treasury assets, with operations concentrated in United States jurisdictions without material Bitcoin mining restrictions.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Bitcoin mining revenue | 11 | 17 | 22 | 6 | 4 | |
| Cost of revenue | 9 | 13 | — | — | — | |
| General and Administrative Expense | 8 | 12 | 16 | 24 | 13 | |
| Depreciation and amortization | 7 | 7 | 6 | 28 | 6 | |
| Impairment of property and equipment | 7 | 1 | 0 | 76 | — | |
| Loss on disposal of property and equipment | 2 | 4 | 960,000 | 0 | — | |
| Change in fair value of Bitcoin | 345,000 | −682,000 | 0 | — | — | |
| Impairment of other assets | 300,000 | 1 | 0 | — | — | |
| Costs and Expenses, Total | 33 | 38 | — | — | — | |
| Loss from Operations | −22 | −21 | −30 | −158 | −20 | |
| Investment gain | 438,000 | 9 | 0 | — | — | |
| Other income, net | 81,000 | 3 | 1 | — | — | |
| Net loss before taxes | −21 | −9 | — | — | — | |
| Provision for income taxes | 2,000 | 150,000 | 13,000 | 166,000 | −15,000 | |
| Net loss | −21 | −9 | — | — | — | |
| Loss Per Share, Basic | −7.37 | −4.78 | −1.93 | −20.36 | −0.58 | |
| Loss Per Share, Diluted | −7.37 | −4.78 | −1.93 | −20.36 | −0.58 | |
| Weighted Average Number of Shares Outstanding, Basic | 3 | 2 | 12 | 9 | 31 | |
| Weighted Average Number of Shares Outstanding, Diluted | 3 | 2 | 12 | 9 | 31 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | 4 | 5 | 586,000 | 1 | 54 | |
| Bitcoin | 3 | 1 | 986,000 | 2 | 0 | |
| Investment in Equity Securities | 0 | 8 | 0 | — | — | |
| Other Current Assets | 2 | 3 | 12 | 3 | 22 | |
| Assets, Current | 9 | 18 | 14 | 10 | 78 | |
| Property and Equipment, Net | 15 | 22 | 24 | 34 | 0 | |
| Intangible Assets, Net | 2 | 3 | 5 | 9 | 63 | |
| Other Non-Current Assets | 225,000 | 379,000 | 3 | 19 | 103 | |
| Total Assets | 25 | 43 | 46 | 83 | 276 | |
| Accounts Payable | 427,000 | 1 | 2 | 3 | 1 | |
| Accrued Liabilities | 544,000 | 1 | 1 | 2 | 3 | |
| Accrued Payroll and Employee Compensation | 831,000 | 1 | 1 | 696,000 | 199,000 | |
| Other Current Liabilities | 0 | 31,000 | 311,000 | 974,000 | 297,000 | |
| Liabilities, Current | 2 | 4 | 5 | 6 | 5 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Series H preferred shares, no par value, unlimited shares authorized, 161 shares issued and outstanding as of both December 31, 2025 and 2024 | 18,000 | 18,000 | 14 | 36 | 42 | |
| Common shares, no par value; unlimited shares authorized, 3,392,541 and 2,545,342 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 503 | 498 | 476 | 456 | 444 | |
| Accumulated Other Comprehensive Loss | −2 | −2 | −2 | −2 | −2 | |
| Accumulated Deficit | −478 | −457 | −447 | −420 | −215 | |
| Total shareholders' equity | 23 | 39 | 27 | 35 | 227 | |
| Total liabilities, temporary equity, and shareholders equity | 25 | 43 | 46 | 83 | 276 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Realized gain on sale of investment in equity securities | −5 | −4 | 0 | — | — | |
| Unrealized (gain) loss on investment in equity securities | 5 | −5 | 0 | — | — | |
| Share-based compensation | 832,000 | 3 | 2 | 8 | 366,000 | |
| Change in fair value of Bitcoin | 345,000 | −682,000 | — | — | — | |
| Issuance of common shares to nonemployees | 232,000 | 0 | 214,000 | 2 | 3 | |
| Fair Value Adjustment of Warrants | −31,000 | −174,000 | −976,000 | 309,000 | 0 | |
| Bitcoin issued for services | 0 | 538,000 | 2 | 619,000 | 0 | |
| Proceeds from sale of Bitcoin | 0 | 15 | 19 | 0 | — | |
| Mining of Bitcoin | −11 | −17 | −20 | −3 | 0 | |
| Accounts payable and accrued liabilities | −833,000 | −262,000 | 3 | 1 | 4 | |
| Accrued payroll and employee compensation | −567,000 | 171,000 | 822,000 | 497,000 | −94,000 | |
| Other assets | 980,000 | 453,000 | −3 | −16 | −20 | |
| Other liabilities | 10,000 | −120,000 | 491,000 | −150,000 | 1 | |
| Net cash used in operating activities | −16 | −5 | −7 | −31 | −29 | |
| Proceeds from sale of Bitcoin | 9 | 2 | 0 | — | — | |
| Proceeds from sale of equity investment | 8 | 11 | 0 | — | — | |
| Payments for purchase of property and equipment | −7 | −9 | −2 | −18 | −102 | |
| Proceeds from Sale of Property, Plant, and Equipment | 555,000 | 0 | 4 | 0 | — | |
| Net cash provided by investing activities | 10 | 4 | 3 | −22 | −123 | |
| Proceeds from Warrant Exercises | 4 | 0 | — | 0 | 2 | |
| Proceeds from issuance of common shares and warrants | 733,000 | 5 | 0 | — | — | |
| Payments for issuance costs for common shares and warrants | −431,000 | −108,000 | 0 | — | — | |
| Net cash provided by financing activities | 4 | 5 | 3 | 0 | 205 | |
| Net (decrease) increase in cash, and cash equivalents | −2 | 5 | −957,000 | −53 | 54 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Sphere 3D Corp.'s CIK number?
Sphere 3D Corp.'s SEC CIK number is 0001591956 (1591956). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Sphere 3D Corp.'s SEC filings?
All of Sphere 3D Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Sphere 3D Corp. last report earnings?
Sphere 3D Corp. (ANY) most recently filed an earnings 8-K with the SEC on May 15, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001062993-26-002710). This is Sphere 3D Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Sphere 3D Corp.'s most recent earnings 8-K?
Sphere 3D Corp.'s latest earnings 8-K (Item 2.02) was filed May 15, 2026 under accession 0001062993-26-002710. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Sphere 3D Corp.'s latest earnings 8-K →
Look up any company's CIK number →