Sphere 3D Corp. DRK
- Market cap
- $32.2M
- P/E
- 0.0×
Follow DRK
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,520.00 | 1,064.00 | 73.92 | 46.20 | 23.10 | 89.60 | 16.17 | 5.71 | 6.71 | 2.95 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 28,000.00 | 7,840.00 | 1,702.40 | 280.00 | 388.50 | 838.60 | 266.70 | 40.90 | 39.10 | 12.60 |
High Price
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| 387 | 388 | 41 | 28 | 32 | 25 | 27 | 5 | 4 | 4 |
Employees
|
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 4 | 3 |
Revenue/Emp
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| 76 | 13 | 9 | 6 | 5 | 4 | 6 | 22 | 17 | 11 |
Revenue
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| 29.24% | 24.96% | 18.59% | 33.23% | 46.39% | 53.82% | 43.77% | 27.22% | 19.45% | 23.50% |
Gross Margin
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| (68) | (16) | (13) | (4) | (6) | (17) | (193) | (23) | (9) | (21) |
EBT
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| (88.54%) | (129.15%) | (140.49%) | (76.73%) | (119.12%) | (465.16%) | (3,171.73%) | (106.44%) | (56.12%) | (192.11%) |
EBT Margin
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| (68) | (26) | (26) | (4) | (6) | (17) | (193) | (23) | (9) | (21) |
Net Income
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| 6 | 6 | 4 | 1 | 1 | 6 | 28 | 6 | 7 | 7 |
Depreciation
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| 21,220.28 | 1,415.62 | 381.01 | 145.29 | 57.71 | 8.44 | 6.42 | 18.06 | 8.39 | 3.84 |
Revenue/Sh
|
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| (19,327.73) | (2,946.78) | (1,106.44) | (111.34) | (68.63) | (40.62) | (203.78) | (19.30) | (4.80) | (7.37) |
Earnings/Sh
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| (4,853.61) | (1,007.30) | (321.56) | (47.21) | (30.74) | (64.71) | (32.49) | (5.43) | (2.31) | (5.53) |
Cash Flow/Sh
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| (65.83) | (13.82) | (2.36) | 0.00 | 0.00 | (231.99) | (18.94) | 2.40 | (4.52) | (2.38) |
Capex/Sh
|
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| (4,919.44) | (1,021.12) | (323.92) | (47.21) | (30.74) | (296.70) | (51.43) | (3.03) | (6.83) | (7.91) |
Free CF/Sh
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| 5,679.44 | 1,175.62 | (236.58) | 32.29 | 59.63 | 515.72 | 36.50 | 21.87 | 19.86 | 7.99 |
Book Value/Sh
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| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
Shares
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| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
PE Ratio
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| 0.19 | 1.07 | 0.56 | 0.37 | 1.73 | 25.87 | 3.05 | 1.85 | 1.13 | 0.78 |
PS Ratio
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| 0.71 | 1.29 | 0.00 | 0.00 | 0.00 | 0.42 | 0.54 | 1.53 | 0.48 | 0.37 |
PB Ratio
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| 0.68 | 6.43 | 3.28 | 0.53 | 2.07 | 11.39 | 2.60 | 1.83 | 0.32 | 0.25 |
EV/Sales
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| (2.91) | (4.50) | (3.78) | (1.45) | (3.58) | (0.32) | (0.32) | (10.13) | (0.41) | (0.12) |
EV/FCF
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| (17) | (9) | (8) | (2) | (3) | (29) | (31) | (7) | (5) | (16) |
Op' Cash Flow
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| 0 | 0 | 0 | — | — | (102) | (18) | 3 | (9) | (7) |
Capex
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| (18) | (9) | (8) | (2) | (3) | (131) | (49) | (4) | (14) | (23) |
FCF
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| (13) | 6 | (6) | (5) | (4) | 73 | 4 | 8 | 14 | 7 |
Working Cap'
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| 44 | — | 7 | 0 | 2 | — | — | — | — | — |
Total Debt
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| 37 | (1) | 7 | 0 | 2 | (54) | (3) | (2) | (14) | (7) |
Net Debt
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| 20 | 10 | (6) | 1 | 5 | 227 | 35 | 27 | 39 | 23 |
Sh' Equity
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| (59.10%) | (29.78%) | (55.43%) | (43.48%) | (57.11%) | (12.39%) | (107.43%) | (36.38%) | (21.31%) | (62.86%) |
ROA
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| (68.91%) | (114.51%) | (702.36%) | (237.99%) | (56.10%) | (7.13%) | (314.53%) | (75.14%) | (53.60%) | (84.20%) |
ROIC
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| (154.56%) | (169.43%) | (1,079.41%) | 66.83% | 82.77% | (16.16%) | (147.27%) | (76.63%) | (28.77%) | (68.62%) |
ROE
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Sphere 3D Corp. peers in Capital Markets
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| COHN Institutional Financial Markets, Inc. | $32.6M | 1.0× | Compare |
| PLUT Plutus Financial Group Limited | $34.8M | — | Compare |
| FLD Fold Holdings, Inc. | $29.8M | 0.0× | Compare |
| BGDE Mawson Infrastructure Group Inc. | $35.4M | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| ARBK Argo Blockchain PLC Sponsored ADR | $35.6M | 0.0× | Compare |
| ATCH AtlasClear Holdings, Inc. | $28.2M | 0.0× | Compare |
| MDBH MDB Capital Holdings, LLC | $26.9M | 0.0× | Compare |
| GRAN Grande Group Limited | $26.9M | — | Compare |
Sphere 3D Corp. (DRK) key facts
- Sphere 3D Corp. (DRK) is a Capital Markets company in the Financial sector, listed on Nasdaq.
- Sphere 3D Corp.’s revenue for fiscal 2025 (year ended December 2025) was $11.2 million, down 32.7% from fiscal 2024.
- As of September 25, 2026, DRK traded at $3.07, a market capitalization of $32.2 million.
- Return on equity was −68.6% and debt-to-equity 0.00.
Sphere 3D Corp. (DRK) Latest News
23 Sep
DarkHorse Technologies Inc. disclosed strategic partnerships with Empirix Partners, Covectis, Perpetual Grid and Barge Design Solutions to plan, power-coordinate, market and design AI and high-performance computing conversions for TVA-region sites in Tennessee and Kentucky. The collaboration covers project management, procurement, go-to-market strategy, utility coordination, and architectural/engineering design to define improvements, costs and schedules for converting sites to AI/HPC use. Initial work targets site-by-site planning and disclosure of capability, construction needs and timelines. The partnerships come after a TVA-focused strategic review and aim to deliver clear site capabilities and implementation plans for customers. Site conversion timing depends on engineering, permits, equipment lead times, financing, and customer agreements. DarkHorse owns around 50 MW of operating power capacity across four sites and has a proposed 50 MW Kentucky project plus ~100 MW of potential expansion. Strategic partnerships with Empirix, Covectis, Perpetual Grid and Barge directly bolster project planning, power coordination and design for TVA sites, potentially expanding capacity and revenue opportunities.
Sphere 3D Corp. provided an update for August 2024, including Bitcoin mined, revenue, and strategic partnerships. The update includes significant developments such as new mining equipment, strategic partnerships, and plans for future growth.
16 Sep
Sphere 3D Corp. completes rebrand as DarkHorse Technologies Inc. to advance its power-first AI infrastructure strategy. Rebrand and AI infrastructure pivot mark major strategic shift likely to significantly alter company trajectory and market perception.
10 Jun
Sphere 3D Corp hires EA Advisors to convert its 53 MW platform to AI and HPC uses. Engagement of advisors to redirect 53 MW capacity into AI and HPC targets major strategic repositioning with potential to shift company trajectory.
4 Jun
Sphere 3D Corp. advances plans to build AI data centers as a core growth initiative. AI data center plans mark a major strategic expansion that can reshape Sphere 3D's trajectory and market perception.
21 May
Sphere 3D Corp. shareholders approved the combination with Cathedra Bitcoin. Shareholder approval clears a major strategic combination with Cathedra Bitcoin that can alter Sphere 3D operations and trajectory.
24 Mar
Sphere 3D (ANY) stands out as a prime 'buy the bottom' stock, trading at undervalued levels with strong recovery potential driven by improving financials, strategic pivots into high-growth areas like AI and HPC, and positive technical indicators signaling an imminent rebound. Bullish 'buy the bottom' endorsement underscores major upside potential from undervaluation, operational improvements, and sector tailwinds poised to boost Sphere 3D's trajectory and investor interest.
18 Mar
Cathedra Bitcoin is merging with Sphere 3D Corp. (ANY) to combine operations and strengthen their position in Bitcoin mining and high-performance computing. Merger with Cathedra Bitcoin enables major strategic expansion into Bitcoin mining, potentially transforming Sphere 3D's operations and market position.
6 Mar
Cathedra Bitcoin and Sphere 3D Corp. (ANY) announce merger to combine bitcoin mining operations and expand into AI services. Merger enables entry into high-growth AI sector, marking major strategic pivot for Sphere 3D's operations and growth prospects.
4 Nov
Sphere 3D Corp. (ANY) reported a loss for Q3, falling short of revenue estimates. The company's financial performance has raised concerns among investors, as it continues to struggle with its operational challenges. Analysts had anticipated higher revenue figures, but the actual results did not meet expectations, leading to a negative market reaction. The missed revenue estimates indicate potential challenges in financial performance and market sentiment.
11 Sep
Sphere 3D Corp. (ANY) has been upgraded to a 'Buy' rating by analysts, indicating a positive outlook for the company's stock. This upgrade suggests that analysts believe the company's future performance will improve, potentially attracting more investors and boosting market confidence. The upgrade may be based on recent developments or anticipated growth in the company's operations. Analysts' upgrade to 'Buy' indicates significant positive sentiment and potential for improved market performance.
7 Aug
Sphere 3D Corp. reported its second quarter 2025 earnings, revealing an earnings per share (EPS) of US$0.06, a decline from US$0.11 in the same quarter of 2024. The financial results indicate a decrease in profitability year-over-year, which may raise concerns among investors regarding the company's performance and future outlook. The decline in EPS suggests a moderately noticeable influence on financial performance and investor sentiment.
5 Aug
Sphere 3D Corp. (ANY) reported a loss for Q2, falling short of revenue estimates. The company's financial performance has raised concerns among investors as it continues to struggle in a competitive market. Analysts are closely monitoring the situation to assess potential impacts on future operations and market positioning. The missed revenue estimates and reported loss indicate a moderately noticeable influence on the company's financial performance and market sentiment.
Sphere 3D Corp. reported its financial results for the second quarter of 2025, highlighting key metrics such as revenue growth and operational developments. The company continues to focus on expanding its product offerings and enhancing its market position. Management provided insights into future strategies and anticipated challenges, emphasizing a commitment to innovation and customer satisfaction. Revenue growth and operational developments indicate a moderately noticeable influence on financial performance and market positioning.
14 May
Sphere 3D Corp. (ANY) reported a Q1 loss of $0.29 per share, missing the Zacks Consensus Estimate of a loss of $0.26, and compared to a loss of $0.14 per share a year ago. The company posted revenues of $2.82 million, exceeding estimates by 28.05%, but down from $6.95 million year-over-year. Sphere 3D shares have declined 14.2% year-to-date, while the S&P 500 gained 0.1%. The current consensus EPS estimate for the next quarter is -$0.13 on $3.6 million in revenues. The Zacks Rank for Sphere 3D is #2 (Buy), indicating expected outperformance. The Financial - Miscellaneous Services industry ranks in the top 38% of Zacks industries, which may influence Sphere 3D's performance. The company's mixed earnings report and revenue performance suggest a moderately noticeable influence on future financial performance.
Sphere 3D Corp. (NASDAQ: ANY) reported its first quarter 2025 financial results, showing a significant decline in Bitcoin production to 30.5 Bitcoin and revenue of $2.8 million, down from $6.9 million in Q1 2024. The decrease was attributed to weaker post-halving economics and downtime during a transition away from high-hosting contracts. Operating costs were reduced to $8.0 million, while the net loss increased to $8.8 million, or $0.32 per share. The company reached a settlement with Gryphon Digital Mining, energizing a new hosting site in Iowa, and ended a hosting agreement with Rebel Mining, receiving $2.4 million. As of March 31, 2025, Sphere 3D held 22.7 self-mined Bitcoins valued at approximately $1.9 million. The significant decline in Bitcoin production and revenue indicates challenges that may moderately affect financial performance.
30 Mar
Sphere 3D Corp. (NASDAQ:ANY) reported a net loss of US$9.47 million for the full year 2024, a 60% improvement from the previous year's loss. Revenue decreased by 24% to US$16.6 million, resulting in a loss per share of US$0.48, compared to US$1.93 in FY 2023. Shares have declined by 13% over the past week. The company has three warning signs, two of which are concerning. The financial results indicate a narrowing loss, but declining revenue may limit overall positive impact.
28 Mar
Sphere 3D Corp. (NASDAQ: ANY) reported its fiscal year 2024 financial results, revealing revenues of $16.6 million, down from $21.9 million in 2023. The company focused on transitioning to vertical integration post-Bitcoin halving, replacing older miners with newer models, and settling various agreements, including a $10 million equity settlement with Core Scientific. Operating expenses decreased to $38 million, leading to a reduced net loss of $9.5 million. As of December 31, 2024, Sphere 3D held 14.9 self-mined Bitcoins valued at approximately $1.4 million. The company also launched a new mining site in Iowa in March 2025, marking a strategic shift in operations. The transition to vertical integration and the launch of a new mining site are significant strategic moves that could alter the company's trajectory.
19 Nov
Sphere 3D Corp. reported third quarter 2024 earnings with revenue down 59% and net income up from a loss in 3Q 2023. EPS improved to US$0.005 from a loss of US$0.50 in the previous year. The financial results are expected to have a moderately noticeable influence on Sphere 3D Corp.'s future performance.
14 Nov
Sphere 3D Corp. reported financial results for Q3 2024, including Bitcoin production, revenue, and net income. The company aims to reduce reliance on high-cost hosting partners and increase vertical integration. The financial results and strategic moves mentioned in the article are expected to significantly impact Sphere 3D Corp.'s future trajectory and market performance.
Sphere 3D Corp. (ANY) beat Q3 earnings estimates with $0.01 per share, but missed revenue estimates. Stock has lost 53.6% YTD. The article suggests a moderately noticeable influence on Sphere 3D Corp.'s future performance and market sentiment.
11 Nov
Sphere 3D Corp. had $14m in cash with a cash burn of $7.9m, giving it a 21-month cash runway. The company managed to shrink its cash burn by 31% and had an operating revenue growth of 122%. The article suggests that Sphere 3D's revenue growth is reassuring, but its cash burn relative to market cap raises some concerns.
17 Oct
Sphere 3D Corp. provided an operational update for September 2024, highlighting Bitcoin mined, sold, revenue, holdings, deployed miners, and hash rate. The company is transitioning to lower-cost hosting sites and has initiated development on a new hosting site in Iowa. The article discusses significant strategic shifts, fleet upgrades, and new hosting site development that are expected to have a significant impact on Sphere 3D Corp.'s future and market performance.
9 Sep
Sphere 3D Corp. signs letter of intent to acquire a 12.5 MW site in Iowa featuring average sub -4c energy, set to be operational by December 2024. The acquisition of the 12.5 MW site in Iowa is a significant strategic move that will reduce third-party hosting exposure and position the company for optimal outcomes.
19 Aug
Sphere 3D Corp. provides an update for July 2024. The update may moderately influence the company's financial performance and competitive positioning.
16 Aug
Sphere 3D Corp. reported second quarter 2024 earnings with revenue of US$4.67m, net income of US$2.12m, and EPS of US$0.11, showing improvement from the previous year. The financial results are moderately noticeable and may affect the company's financial performance and profitability.
13 Aug
Sphere 3D Corp. (ANY) reported a Q2 loss, missing revenue estimates. The company's shares have lost 73.8% since the beginning of the year. The article indicates significant impact likely on Sphere 3D Corp.'s future and market performance due to the reported Q2 loss and missed revenue estimates.
Sphere 3D Corp. reported financial results for the second quarter of 2024, including a $7.3 million unrealized gain on investment in equity securities and mining 70.7 Bitcoin. The company ended the quarter with 1.2 EH/s. The financial results and strategic opportunities mentioned in the article are likely to have a significant impact on Sphere 3D Corp.'s future performance and market positioning.
19 Jul
Three low-priced tech stocks with potential for high returns are analyzed: Quantum Computing Inc. (QUBT), Porch Group (PRCH), and Sphere 3D Corp. (ANY). The article discusses significant financial progress and potential upside for Sphere 3D Corp. (ANY) in the crypto and cloud computing sectors.
18 Jul
Sphere 3D Corp. disputes Gryphon's press release about CFO impersonation incident as 'misleading'. The potential impact of the misleading press release on Sphere 3D Corp.'s reputation and investor confidence could be significant.