Sphere 3D (ANY) Cost of Revenue (2017 - 2026)

Sphere 3D (ANY) posted quarterly Cost of Revenue of $1.6 million for Q1 2026, down 26.94% year-over-year from $2.2 million in Q1 2025, and down 23.74% on a QoQ basis from $2.1 million in Q4 2025.

Sphere 3D (ANY) Cost of Revenue (2017 - 2026) Analysis & Trends

Sphere 3D (ANY) has reported Cost of Revenue for 9 consecutive years, with $1.6 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Cost of Revenue fell 26.94% year-over-year to $1.6 million; the TTM figure through Mar 2026 stood at $8.0 million (down 29.31% YoY), while the FY2025 annual figure was $8.6 million, down 36.06% from the prior year.
  • Cost of Revenue came in at $1.6 million for Q1 2026 at Sphere 3D, down from $2.1 million in the prior quarter.
  • The five-year high for Cost of Revenue was $4.3 million in Q1 2024, with the low at $180000.0 in Q4 2023.
  • Average Cost of Revenue over 5 years is $1.5 million, with a median of $1.6 million recorded in 2026.
  • Across the five-year window, Cost of Revenue surged 1471.9% in 2024 and sank 49.06% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at $278000.0 in 2022, then tumbled by 35.25% to $180000.0 in 2023, then jumped by 1222.78% to $2.4 million in 2024, then retreated by 11.72% to $2.1 million in 2025, then decreased by 23.74% to $1.6 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $1.6 million, $2.1 million, and $2.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 65.09 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 107.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 6.62 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 39,000.00
10 Sphere 3D 8.53 Mn 5.38 Mn 313,000.00 1.60 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.60 Mn
Mar 31, 2026 1.60 Mn
Dec 31, 2025 2.10 Mn
Dec 31, 2025 2.10 Mn
Sep 30, 2025 1.96 Mn
Sep 30, 2025 1.96 Mn
Jun 30, 2025 2.30 Mn
Jun 30, 2025 2.30 Mn
Mar 31, 2025 2.19 Mn
Mar 31, 2025 2.19 Mn
Dec 31, 2024 2.38 Mn
Dec 31, 2024 2.38 Mn
Sep 30, 2024 2.73 Mn
Sep 30, 2024 2.73 Mn
Jun 30, 2024 3.96 Mn
Jun 30, 2024 3.96 Mn
Mar 31, 2024 4.31 Mn
Mar 31, 2024 4.31 Mn
Dec 31, 2023 180,000.00
Dec 31, 2023 180,000.00