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
DateValue
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