ANY
Sphere 3D Corp.0.4076
+0.0076+1.9%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
13.75MP/E (TTM)
-Basic EPS (TTM)
-0.77Dividend Yield
0%Recent Filings
8-K
Kalbfleisch named permanent CEO
Sphere 3D appointed Kurt Kalbfleisch as permanent CEO on November 6, 2025, after his interim role since January, locking in a $400,000 base salary and 110% target bonus via a November 11 employment agreement. He retains CFO duties while eyeing strategic growth. Termination without cause triggers 18 months' pay. Leadership stabilized.
10-Q
Q3 FY2025 results
Sphere 3D's Bitcoin mining revenue rose 11% y/y to $2.6M in Q3 ended September 30, 2025, yet YTD fell 39% to $8.5M amid the April 2024 halving and fleet refresh. Operating loss narrowed 22% y/y to $4.0M as cost of revenue dropped 28% to $2.0M from lower hosting fees, while G&A halved to $1.8M on resolved litigation and forfeited share comp. Diluted EPS of -$0.15 aligns with 28.5M shares; no anti-dilution. Cash held steady at $5.3M despite $13.4M operating outflow, offset by $12.6M investing inflows; no debt. Fleet upgrades continue. Nasdaq bid price compliance hangs in the balance.
8-K
Warrant inducement yields $4M
Sphere 3D inked a warrant inducement deal on October 16, 2025, letting a prior investor exercise 4.4 million existing warrants at $0.94 each for ~$4 million gross proceeds, expected to close October 17. In exchange, it issues new warrants for 8.7 million shares at the same price, exercisable post-stockholder approval by January 15, 2026. Funds target working capital. New warrants dilute on approval.
8-K
Q2 profit amid revenue drop
Sphere 3D posted Q2 net income of $1.7 million despite revenue plunging to $3.0 million from $4.7 million year-over-year, as Bitcoin production halved to 30.9 from post-halving economics and hosting transitions. Operating expenses slashed 46% to $5.6 million fueled profitability. Costs down sharply. Holds 20.5 Bitcoin worth $2.2 million.
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