Sphere 3D (ANY) Operating Expenses (2017 - 2026)
Sphere 3D (ANY) recorded quarterly Operating Expenses of $6.0 million in Q1 2026, down 53.03% quarter-over-quarter from $12.9 million in Q4 2025, and down 24.47% on a YoY basis from $8.0 million in Q1 2025.
Sphere 3D (ANY) Operating Expenses (2017 - 2026) Analysis & Trends
Sphere 3D's Operating Expenses history runs 9 years deep, the most recent figure standing at $6.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 24.47% year-over-year to $6.0 million; the TTM figure through Mar 2026 stood at $31.2 million (down 16.1% YoY), while the FY2025 annual figure was $33.2 million, down 12.73% from the prior year.
- Operating Expenses was $6.0 million for Q1 2026 at Sphere 3D, down from $12.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $118.2 million in Q4 2022 to a low of $5.6 million in Q2 2025.
- Historically, Operating Expenses has averaged $17.2 million across 5 years, with a median of $10.4 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 80.68% in 2023, then surged 30.24% in 2024.
- A 5-year view of Operating Expenses shows it stood at $118.2 million in 2022, then sank by 80.68% to $22.8 million in 2023, then slumped by 50.45% to $11.3 million in 2024, then gained by 13.69% to $12.9 million in 2025, then plunged by 53.03% to $6.0 million in 2026.
- The last three Operating Expenses figures came in at $6.0 million (Q1 2026), $12.9 million (Q4 2025), and $6.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 242.35 Mn |
| 10 | Sphere 3D | 11.90 Mn | 8.76 Mn | 313,000.00 | 6.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.05 Mn |
| Dec 31, 2025 | 12.87 Mn |
| Sep 30, 2025 | 6.66 Mn |
| Jun 30, 2025 | 5.65 Mn |
| Mar 31, 2025 | 8.01 Mn |
| Dec 31, 2024 | 11.32 Mn |
| Sep 30, 2024 | 7.51 Mn |
| Jun 30, 2024 | 10.38 Mn |
| Mar 31, 2024 | 8.81 Mn |
| Dec 31, 2023 | 22.85 Mn |
| Sep 30, 2023 | 12.13 Mn |
| Jun 30, 2023 | 10.16 Mn |
| Mar 31, 2023 | 6.77 Mn |
| Dec 31, 2022 | 118.24 Mn |
| Sep 30, 2022 | 11.69 Mn |
| Jun 30, 2022 | 17.32 Mn |
| Mar 31, 2022 | 16.48 Mn |
| Dec 31, 2020 | 1.99 Mn |
| Sep 30, 2020 | 2.19 Mn |
| Jun 30, 2020 | 2.41 Mn |