Sphere 3D (ANY) Gross Margin (2017 - 2026)
Sphere 3D (ANY) recorded quarterly Gross Margin of 16.34% in Q1 2026, down 28.37% quarter-over-quarter from 22.81% in Q4 2025, and down 578.0% on a YoY basis from 3.42% in Q1 2025.
Sphere 3D (ANY) Gross Margin (2017 - 2026) Analysis & Trends
Sphere 3D's Gross Margin history runs 9 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 was 16.34% for Q1 2026 at Sphere 3D, down from 22.81% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 97.66% in Q4 2023 to a low of 15.97% in Q3 2024.
- Historically, Gross Margin has averaged 51.16% across 5 years, with a median of 37.99% in 2024.
- The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 11217 bps in 2024, then soared 4136 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 80.53% in 2022, then climbed by 21 bps to 97.66% in 2023, then tumbled by 90 bps to 9.84% in 2024, then jumped by 132 bps to 22.81% in 2025, then declined by 28 bps to 16.34% in 2026.
- The last three Gross Margin figures came in at 16.34% (Q1 2026), 22.81% (Q4 2025), and 25.39% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 89.97% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | - |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 84.10% |
| 10 | Sphere 3D | 11.90 Mn | 8.76 Mn | 313,000.00 | 16.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.34% |
| Dec 31, 2025 | 22.81% |
| Sep 30, 2025 | 25.39% |
| Jun 30, 2025 | 23.76% |
| Mar 31, 2025 | 22.12% |
| Dec 31, 2024 | 9.84% |
| Sep 30, 2024 | -15.97% |
| Jun 30, 2024 | 15.15% |
| Mar 31, 2024 | 37.99% |
| Dec 31, 2023 | 97.66% |
| Sep 30, 2023 | 96.21% |
| Jun 30, 2023 | 94.93% |
| Mar 31, 2023 | 90.95% |
| Dec 31, 2022 | 80.53% |
| Sep 30, 2022 | 82.60% |
| Jun 30, 2022 | 86.26% |
| Mar 31, 2022 | 83.16% |
| Dec 31, 2020 | 39.38% |
| Sep 30, 2020 | 60.00% |
| Jun 30, 2020 | 49.61% |