---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-26-002710"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2026-05-15T21:02:27+00:00"
generated_at: "2026-05-15T21:04:13.762210+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001062993-26-002710
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2026-05-15T21:02:27+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299326002710/0001062993-26-002710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299326002710/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-26-002710
- JSON: https://secwatch.observer/filing/0001062993-26-002710.json
- Plain text: https://secwatch.observer/filing/0001062993-26-002710.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299326002710/0001062993-26-002710-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.