Sphere 3D (ANY) Gross Margin (2017 - 2026)

Sphere 3D's Gross Margin history runs 10 years deep, the most recent figure standing at 16.34% for Q1 2026.

• In Q1 2026, Gross Margin fell 578.0% year-over-year to 16.34%; the TTM figure through Mar 2026 stood at 22.54% (up 1281.0% YoY), while the FY2025 annual figure was 23.5%, up 405.0% from the prior year.
• Gross Margin for Q1 2026 stood at 16.34%, down from 22.81% in the prior quarter.
• The five-year high for Gross Margin was 73.83% in Q1 2022, with the low at 15.97% in Q3 2024.
• The 5-year median for Gross Margin is 25.39% (2025), against an average of 32.15%.
• The sharpest annual moves came in 2023 and 2025: Gross Margin sank 4231 bps in 2023, then surged 4136 bps in 2025.
• Sphere 3D's Gross Margin stood at 63.8% in 2022, then sank by 39 bps to 38.88% in 2023, then tumbled by 75 bps to 9.84% in 2024, then soared by 132 bps to 22.81% in 2025, then dropped by 28 bps to 16.34% in 2026.
• Business Quant data shows ANY's Gross Margin at 16.34% in Q1 2026, 22.81% in Q4 2025, and 25.39% in Q3 2025.