Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Sphere 3D's operating assets for the quarter that ended in Mar. 2026 was $18.59 Mil. Sphere 3D's operating liabilities for the quarter that ended in Mar. 2026 was $1.74 Mil. Sphere 3D's Total Assets for the quarter that ended in Dec. 2025 was $25.12 Mil. Therefore, Sphere 3D's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.67.
Sphere 3D Scaled Net Operating Assets Related Terms
Sphere 3D Scaled Net Operating Assets Historical Data
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The historical data trend for Sphere 3D's Scaled Net Operating Assets 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.
ANY vs NCPL, MEGL, ITEX: Scaled Net Operating Assets Comparison
For the Capital Markets subindustry, Sphere 3D's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sphere 3D's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Sphere 3D's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 0.67 mean?
Sphere 3D (ANY) has a Scaled Net Operating Assets of 0.67 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sphere 3D and its competitors.
Is Sphere 3D's Scaled Net Operating Assets too high?
Sphere 3D's current Scaled Net Operating Assets is 0.67. Overall, Sphere 3D has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's Scaled Net Operating Assets compare to NCPL and MEGL?
Sphere 3D's Scaled Net Operating Assets of 0.67 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Capital Markets company?
A good Scaled Net Operating Assets depends on the Capital Markets industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sphere 3D and its competitors. Sphere 3D's current Scaled Net Operating Assets is 0.67. 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 (ANY) is currently considered Fairly Valued. The stock's GF Value™ is $3.00, compared to a current price of $2.74 — trading 8.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.67. Sphere 3D's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Sphere 3D (ANY), the current Scaled Net Operating Assets is 0.67 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 (ANY) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere 3D stock appears to be undervalued.
The current stock price of $2.74 is trading 8.7% below its estimated GF Value™ of $3.00.
GuruFocus considers Sphere 3D to be Fairly Valued.
Key valuation signals for ANY:
Scaled Net Operating Assets: 0.67
GF Value™: $3.00 vs. price of $2.74 (8.7% below fair value)
No single metric tells the full story. See the ANY 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.
58GF Score
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