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What drives Sphere 3D Corp.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−69%Tax burden100%net income ÷ pretax incomeInterest burden98%pretax ÷ operating incomeOperating margin−197%operating income ÷ revenueAsset turnover0.33×revenue ÷ average assetsEquity multiplier1.09×average assets ÷ average equityAs of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$21.5MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001591956-26-000004 · filed Mar 27, 2026
Income before tax−$21.5MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001591956-26-000004 · filed Mar 27, 2026
Operating income−$22MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001591956-26-000004 · filed Mar 27, 2026
$11.2MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001591956-26-000004 · filed Mar 27, 2026
Ending assets$25.1MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001591956-26-000004 · filed Mar 27, 2026
Beginning assets$43.2MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001591956-26-000004 · filed Mar 27, 2026
  • 10-K · FY 2024Filing detailsAccession 0001628280-25-015457 · filed Mar 28, 2025
$23.3MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001591956-26-000004 · filed Mar 27, 2026
$39.3MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001591956-26-000004 · filed Mar 27, 2026
  • 10-K · FY 2024Filing detailsAccession 0001628280-25-015457 · filed Mar 28, 2025
Source: · event Dec 31, 2025 · retrieved Sep 30, 2026 · annual-row source set
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