FY2025 · ended Dec 31, 2025 · Revenue $11.18M, -32.7% YoY · Filed Mar 27, 2026
DarkHorse Technologies Inc (DRK) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $11.2 million and a net loss of $21.5 million. Free cash flow was -$23.6 million. As of Jun 30, 2026 it held $2.8 million in cash and investments and $1.4 million in total debt.
Revenue (TTM)
$9.71M
-10.3% vs year-ago TTM
Net income (TTM)
$-32.30M
Operating cash flow (TTM)
$-15.21M
-36.4% vs year-ago TTM
Free cash flow (TTM)
$-21.49M
-0.8% vs year-ago TTM
EPS (TTM)
$-8.74
-433.3% vs year-ago TTM
Dividend per share
None
Shares outstanding
3.77M
-85.6% vs prior year
Net cash
$1.41M
as of Jun 30, 2026
Operating margin
-330.8%
FY 2026
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- DRK (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- British Columbia, Canada
- Headquarters
- Wilmington, DE
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 1591956
- Former names
- Sphere 3D Corp. (until Sep 14, 2026); Sphere 3D Corp (until Mar 31, 2022)
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $11.2M | $16.6M | $21.9M | $6.1M | $3.7M |
| Operating income | -$22.0M | -$21.4M | -$30.0M | -$157.7M | -$19.7M |
| Net income | -$21.5M | — | — | -$192.8M | -$17.3M |
| Diluted EPS | -$7.37 | -$4.78 | -$1.93 | -$20.36 | — |
| Operating cash flow | -$16.1M | -$4.6M | -$6.6M | -$30.8M | -$28.5M |
| Free cash flow | -$23.6M | -$13.5M | -$8.1M | -$48.4M | -$130.8M |
| Total assets | $25.1M | $43.2M | $45.7M | $83.0M | $275.9M |
| Total liabilities | — | — | $5.3M | $12.0M | $6.3M |
| Stockholders' equity | $23.3M | $39.3M | $26.5M | $34.9M | $227.3M |
| Cash and investments | $3.7M | $5.4M | $586,000 | $1.3M | $74.3M |
| Total debt | — | — | — | $343,000 | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Bylaw or fiscal year change, Regulation FD disclosure, Other events
|
Sep 17, 2026 | Sep 16, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 14, 2026 | Sep 14, 2026 |
| 8-K |
Current report
Material agreement, Unregistered share sale, Regulation FD disclosure
|
Sep 11, 2026 | Sep 8, 2026 |
| 8-K |
Current report
Material agreement
|
Sep 8, 2026 | Sep 1, 2026 |
| 8-K |
Current report
Shareholder vote results, Regulation FD disclosure, Other events
|
Aug 24, 2026 | Aug 24, 2026 |
| 10-Q | Quarterly report | Aug 14, 2026 | Jun 30, 2026 |
All 825 DarkHorse Technologies Inc SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.