earnings
confidence high
sentiment negative
materiality 0.60
Sphere 3D Q3 revenue $2.6M, loss from ops shrinks 23%, Bitcoin production down 41% YoY
Sphere 3D Corp.
2025-Q3 EPS reported
-$0.41
revenue$8,458,000
- Revenue $2.6M, up 8% YoY from $2.4M; mined 23.0 BTC vs 38.7 BTC in Q3 2024.
- Loss from operations narrowed 23% to $4.0M; G&A cut 40% to $1.8M.
- Bitcoin holdings 22.7 BTC with fair value $2.6M as of Sep 30, 2025.
- Raised $4.1M in warrant inducement; bought additional S21 Pro/XP miners to boost EH/s ~25% in Q4.
- Sold remaining CORZ shares for $9.4M cumulative recovery above settlement value.