Sphere 3D Q1 net loss $4.1M, revenue $1.9M; Bitcoin production down 17% YoY

Sphere 3D Corp.

Revenue $1.9M, down 32% YoY; net loss $4.1M ($1.18/share) improved from $8.8M loss.
Mined 25.3 Bitcoin vs 30.5 in Q1 2025; held 26.2 BTC at March 31.
Operating costs fell to $6.0M from $8.0M; G&A down 23% to $2.5M.
Proposed combination with Cathedra Bitcoin to create scaled digital infrastructure platform.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sphere 3D Corp. reported first quarter of FY 2026 ended March 31, 2026 results: revenue $1.9 million, net income $4.1 million, or a net loss of $1.18 per share, EPS $1.18 per share.

Period: first quarter of FY 2026 ended March 31, 2026
Revenue: $1.9 million
Net income: $4.1 million, or a net loss of $1.18 per share
EPS: $1.18 per share
Result: reported results

Exact text from the filing

RESULTS • Bitcoin production during the first quarter of 2026 was 25.3 Bitcoin, compared to 30.5 Bitcoin for the first quarter of 2025. • The Company generated revenue of $1.9 million in the first quarter of 2026 compared to $2.8 million in the first quarter of 2025, primarily driven by a decrease in the fair value of Bitcoin during the period. Results were

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Sphere 3D Corp. filing history →

Source: SEC EDGAR

accession 0001062993-26-002710

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