Sphere 3D Corp. (ANY) Form 10-Q — Aug 14, 2026
Sphere 3D Corp. reported Q2 2026 revenue of $2.5 million, down from $3.0 million a year earlier, and swung to a net loss of $13.8 million versus net income of $1.7 million in Q2 2025, driven by a $7.0 million impairment of mining equipment and a $0.6 million intangible impairment tied to declining Bitcoin prices. The six-month net loss widened to $17.9 million from $7.1 million. Management disclosed substantial doubt about the company's ability to continue as a going concern within 12 months, citing recurring losses, $9.0 million of operating cash burn, and only $2.8 million of cash with working capital down to $0.2 million.
Key figures
- Revenue
- 2452000
- Revenue Yoy
- -18.8% (Q2 2026 vs Q2 2025)
- Total Assets
- 24867000
- Cash Position
- 2846000
- Shares Outstanding
- 8704816
- Goodwill
- 3282000
- Bitcoin held
- 20.5 BTC
- Six month revenue
- 4368000
- Bitcoin fair value
- 1197000
- Amended atm capacity
- 10300000
- Development pipeline
- 100+ MW
- Prior year q2 revenue
- 3018000
- Atm net proceeds h1 2026
- 2500000
- Operating power capacity
- 53 MW across five data centers
- Prior year q2 net income
- 1667000
- Bitdeer comining capacity
- 30 MW
- Cathedra transaction costs
- 3000000
- Impairment intangible assets
- 588000
- Atm net proceeds post quarter
- 1700000
- Cathedra purchase consideration
- 7343000
- Impairment property and equipment
- 7039000
- Working capital decrease since dec31
- 6700000
- Net cash used in operating activities h1
- 9023000
Price after filing
Close on the filing date to close N calendar days later (from $2.10). Historical, not a forecast.
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