Sphere 3DFRA:8S30 -6.38%56 Gross Margin % is 16.35% as of Mar. 2026, which is 42% below its 10-year median of 28.23. GuruFocus rates FRA:8S30 with a GF Score™ of 56/100 and a GF Value™ of €2.70 (Fairly Valued). The stock has 4 warning signs investors should review. Among 618 Capital Markets companies, Sphere 3D ranks worse than 70.23% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Sphere 3D's Gross Profit for the
three
months ended in Mar. 2026 was €0.27 Mil. Sphere 3D's Revenue for the
three
months ended in Mar. 2026 was €1.66 Mil. Therefore, Sphere 3D's Gross Margin % for the quarter that ended in Mar. 2026 was 16.35%.
Warning Sign:
Sphere 3D Corp gross margin has been in long-term decline. The average rate of decline per year is -18%.
The historical rank and industry rank for Sphere 3D's Gross Margin % or its related term are showing as below:
FRA:8S30'
s Gross Margin % Range Over the Past 10 Years
Min: 18.59 Med: 28.23 Max: 53.82
Current: 22.54
During the past 13 years, the highestGross Margin % of Sphere 3D was 53.82%. The lowest was 18.59%. And the median was 28.23%.
FRA:8S30's Gross Margin % is ranked worse than 70.23% of 618
companies
in the Capital Markets industry
Industry Median: 48.285
vs FRA:8S30: 22.54
Sphere 3D had a gross margin of 16.35% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Sphere 3D was -18.00% per year.
Sphere 3D (FRA:8S30) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Sphere 3D had a gross margin of 16.35% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Sphere 3D Gross Margin % Related Terms
Sphere 3D Gross Margin % Historical Data
* Premium members only.
The historical data trend for Sphere 3D's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:8S30 vs NCPL, MEGL, ITEX: Gross Margin % Comparison
For the Capital Markets subindustry, Sphere 3D's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Sphere 3D Gross Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sphere 3D's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Sphere 3D's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Sphere 3D (FRA:8S30) has a Gross Margin % of 16.35% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Sphere 3D and its competitors. This is 42% below median its historical median of 28.23. Over the past decade, Sphere 3D's Gross Margin % has ranged from 18.59 to 53.82. According to the industry distribution chart, Sphere 3D ranks #434 out of 618 companies in the Capital Markets industry, placing it in the top 70.2%.
Is Sphere 3D's Gross Margin % too high?
Sphere 3D's current Gross Margin % of 16.35% is 42% below median its 10-year median of 28.23. Over the past 10 years, this metric has ranged from a low of 18.59 to a high of 53.82. The Capital Markets industry median Gross Margin % is 48.29. Sphere 3D's value of 16.35% is 66.1% below this industry median. Based on the distribution chart, Sphere 3D ranks #434 out of 618 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Sphere 3D has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's Gross Margin % compare to NCPL and MEGL?
According to the Capital Markets industry distribution chart, Sphere 3D ranks #434 out of 618 companies for Gross Margin %. This places Sphere 3D in the lower half of its industry. The industry median Gross Margin % is 48.29. Sphere 3D's value of 16.35% is 66.1% below this benchmark. Historically, Sphere 3D's own Gross Margin % has ranged from 18.59 to 53.82 over the past decade. While the company's 10-year median is 28.23 vs. the industry median of 48.29, Sphere 3D has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Capital Markets company?
The median Gross Margin % among Capital Markets companies is 48.29, based on 618 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sphere 3D's current Gross Margin % of 16.35% is 66.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Sphere 3D and its competitors. For the Capital Markets industry, the median Gross Margin % is 48.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere 3D's current Gross Margin % is 16.35%, which is 42% below median its own 10-year median of 28.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (FRA:8S30) is currently considered Fairly Valued. The stock's GF Value™ is €2.70, compared to a current price of €2.64 — trading 2.2% below its estimated fair value. The current Gross Margin % is 16.35%, which is 42% below median its 10-year median of 28.23 and 66.1% below the Capital Markets industry median of 48.29. Sphere 3D's overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Sphere 3D (FRA:8S30), the current Gross Margin % is 16.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Sphere 3D (FRA:8S30) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere 3D stock appears to be undervalued.
The current stock price of €2.64 is trading 2.2% below its estimated GF Value™ of €2.70.
GuruFocus considers Sphere 3D to be Fairly Valued.
Key valuation signals for FRA:8S30:
Gross Margin %: 16.35% (42% below median its 10-year median of 28.23)
GF Value™: €2.70 vs. price of €2.64 (2.2% below fair value)
Industry Position: 66.1% below the Capital Markets median (#434 of 618)
No single metric tells the full story. See the FRA:8S30 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
56GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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