YOLFTbeta
DarkHorse Technologies Inc.

DarkHorse Technologies Inc.

DRK · NASDAQ · Technology / Software - Infrastructure

1.52USD-0.14 (-8.43%)

Price History

Full chart

Market Stats

Previous Close1.66
Open1.68
Day Range1.51 – 1.70
52-Week Range1.08 – 12.60
Volume70.91K
Market Cap29.07M
P/E (TTM)0.00
Forward P/E0.00
EPS-8.91
Dividend Yield0.00%
Beta3.35
50-Day Avg2.51
200-Day Avg2.27

About

DarkHorse Technologies Inc. operates as a digital infrastructure company. It focuses on operating and expanding power and data center assets for computing, AI workloads, and digital asset infrastructure. The company was formerly known as Sphere 3D Corp. and changed its name to DarkHorse Technologies Inc. in September 2026. DarkHorse Technologies Inc. is based in Stamford, Connecticut.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Joel Block
  • Employees2
  • Headquarters243 Tresser Boulevard, Stamford, CT, United States, 06901, USA
  • Websitehttps://www.darkhorse.inc

Leadership

  • Mr. Kurt L. KalbfleischCFO, Secretary & Director · b. 1966
  • Ms. Tiah ReppasChief Accounting Officer · b. 1977
  • Mr. Joel BlockCEO & Director · b. 1984

Financials

Income Statement

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Revenue6.08M21.91M16.61M11.18M
Growth (%)-+260.47%-24.19%-32.68%
Cost of Revenue3.42M15.94M13.38M8.55M
Gross Profit2.66M5.96M3.23M2.63M
Gross Margin43.77%27.22%19.45%23.50%
Operating Expense70.08M32.50M19.56M15.14M
Operating Income-67.42M-26.54M-16.33M-12.52M
Operating Margin-1109.43%-121.14%-98.31%-111.95%
EBITDA-164.48M-15.94M-9.21M-5.64M
EBITDA Margin-2706.65%-72.78%-55.49%-50.43%
Net Income-192.80M-23.41M-9.47M-21.48M
Net Income Margin-3172.63%-106.85%-57.02%-192.13%
R&D605.00K1.03M0-
R&D as % of Total Revenue9.96%4.68%0.00%-
Interest Expense01.18M0-
Interest Expense % of Total Revenue0.00%5.40%0.00%-

Balance Sheet

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Total Assets83.02M45.66M43.23M25.12M
Total Liabilities38.45M19.14M3.91M1.82M
Total Equity34.87M26.52M39.31M23.30M
Cash1.34M586.00K5.42M3.71M

Cash Flow

Currency: USD2022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-30.77M-6.58M-4.58M-16.12M
Financing Cash Flow03.06M5.39M4.41M
Capital Expenditure17.94M1.56M8.94M7.50M
Free Cash Flow-48.71M-8.14M-13.52M-23.62M
Dividends Paid0---
FCF to OCF158.29%123.72%295.45%146.53%
Dividend Paid to FCF0.00%---

Earnings

Report DateAug 28, 2013Nov 27, 2013Feb 26, 2014May 28, 2014Sep 3, 2014Dec 1, 2014May 14, 2015Aug 14, 2015Nov 16, 2015May 13, 2016Aug 12, 2016Nov 15, 2016May 12, 2017Aug 15, 2017Nov 10, 2017Mar 22, 2018May 10, 2018Aug 15, 2018Nov 8, 2018May 15, 2019Aug 14, 2019Nov 15, 2019Jun 25, 2020Aug 17, 2020Nov 17, 2020May 17, 2021Aug 17, 2021Nov 15, 2021May 17, 2022Aug 15, 2022Nov 11, 2022May 11, 2023Aug 15, 2023Nov 14, 2023Mar 14, 2024May 14, 2024Aug 14, 2024Nov 15, 2024May 15, 2025Aug 6, 2025Nov 5, 2025Mar 6, 2026May 19, 2026Aug 17, 2026Nov 3, 2026
EPS Estimate---------------------------------------2.60-1.10-1.10-0.90---
EPS Actual-421.27-367.38-469.81-502.12-1832.12-2053.04-3816.47-3454.36-3702.40-2469.31-2722.47-11814.58-1402.66-1016.25-330.34-616.64-497.58-246.22-177.17-57.71-50.666.95-19.56-28.35-11.99-19.06-13.35-5.24-16.06-43.06-21.43-3.41-4.37-4.98-5.70-2.701.020.05-2.930.44-1.07-3.77-1.18-2.68-
Surprise---------------------------------------12.77%140.00%2.56%-319.17%---
Timing---------------------------------------------

Key Statistics & Ratios

Market Cap29.07M
Enterprise Value31.49M
Trailing P/E0.00
Forward P/E0.00
Price / Sales2.99
Price / Book2.13
EPS-8.91
Book Value1.86
Revenue (TTM)9.71M
Gross Profit (TTM)1.76M
EBITDA-6.92M
Profit Margin0.00%
Operating Margin-252.65%
Return on Equity-130.19%
Return on Assets-27.39%
Shares Outstanding10.57M
Shares Float6.83M
Beta3.35
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
3.33%
Insiders
33.26%
Retail / Other
63.41%

Top Institutional Holders

  • HRT FINANCIAL LLC
    114.18K1.08%
  • Mmcap International Inc. Spc
    64.92K0.61%
  • StoneX Group Inc
    54.66K0.52%
  • UBS Group AG
    38.88K0.37%
  • BNP Paribas Arbitrage, SA
    27.11K0.26%
  • Jane Street Group LLC
    14.84K0.14%
  • Sowell Financial Services, LLC
    11.00K0.10%
  • Morgan Stanley - Brokerage Accounts
    8.89K0.08%
  • HARBOUR INVESTMENTS, INC.
    7.30K0.07%
  • Citigroup Inc
    1.80K0.02%
  • Royal Bank of Canada
    9630.01%
  • SBI Securities Co Ltd
    5530.01%
  • Arlington Trust Co LLC
    5000.00%
  • TD Waterhouse Canada Inc
    2910.00%
  • Group One Trading, LLC
    1490.00%
  • Atlantic Union Bankshares Corp
    130.00%
  • Wells Fargo & Co
    100.00%
  • Mh & Associates Securities Management Corp
    100.00%

Top Fund Holders

  • Pender Small Cap Opportunities F
    42.02K0.40%
  • Dimensional US Core Equity 1 ETF
    4.97K0.05%