What is SPRBD's earnings per share (EPS)?

SPRBD (SPRBD) reported diluted earnings per share of $-50.83 for fiscal year 2025. This represents a 47.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SPRBD Financials

SPRBD

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows SPRBD (SPRBD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 50/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

SPRBD's revenue declined 100% year-over-year, from $4.9M to $0. This contraction results in a growth score of 0/100.

Leverage

100

SPRBD carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 5.17, SPRBD holds $5.17 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

SPRBD generates a -91.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -184.0% the prior year.

Piotroski F-Score Neutral

4/9

SPRBD passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.86x

For every $1 of reported earnings, SPRBD generates $0.86 in operating cash flow (-$33.3M OCF vs -$39.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-405.7x

SPRBD earns $-405.7 in operating income for every $1 of interest expense (-$36.5M vs $90K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

YoY-100.0%

SPRBD generated $0 in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EBITDA

-$36.5M

YoY+35.0%

SPRBD's EBITDA was -$36.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.0% from the prior year.

Net Income

-$39.0M

YoY+26.5%

SPRBD reported -$39.0M in net income in fiscal year 2025. This represents an increase of 26.5% from the prior year.

EPS (Diluted)

$-50.83

YoY+47.3%

SPRBD earned $-50.83 per diluted share (EPS) in fiscal year 2025. This represents an increase of 47.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$48.9M

YoY+26.2%

5Y CAGR-20.8%

SPRBD held $48.9M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+143.7%

SPRBD had 1M shares outstanding in fiscal year 2025. This represents an increase of 143.7% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-91.6%

YoY+92.4pp

5Y CAGR-71.9pp

SPRBD's ROE was -91.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 92.4 percentage points from the prior year.

Capital Allocation

R&D Spending

$19.5M

YoY-57.9%

5Y CAGR-3.9%

SPRBD invested $19.5M in research and development in fiscal year 2025. This represents a decrease of 57.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

N/A

SPRBD Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$0-100.0%	$4.9M-51.3%	$10.1M	$0	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$19.5M-57.9%	$46.4M-6.1%	$49.4M+40.4%	$35.2M+14.7%	$30.7M+28.7%	$23.9M
SG&A Expenses	$17.0M+16.0%	$14.6M+15.8%	$12.7M+4.7%	$12.1M+6.3%	$11.4M+104.4%	$5.6M
Operating Income	-$36.5M+35.0%	-$56.2M-8.0%	-$52.0M-10.0%	-$47.3M-12.4%	-$42.1M-43.0%	-$29.4M
Interest Expense	$90K-70.7%	$307K-36.4%	$483K+15.0%	$420K+21.7%	$345K+6.8%	$323K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$39.0M+26.5%	-$53.0M-10.7%	-$47.9M-3.8%	-$46.2M-9.2%	-$42.3M-43.2%	-$29.5M
EPS (Diluted)	$-50.83+47.3%	$-96.40	$-1.24+36.7%	$-1.96-8.3%	$-1.81	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$0	$0	$0-100.0%	$697K+15.8%	$602K-62.6%	$1.6M-19.6%	$2.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$5.0M+1265.3%	-$430K-104.0%	$10.8M-49.5%	$21.5M+227.4%	$6.6M-19.0%	$8.1M-21.6%	$10.3M
SG&A Expenses	N/A	$3.2M+3.1%	$3.1M-14.6%	$3.7M+10.3%	$3.3M-4.1%	$3.5M-2.8%	$3.6M-17.6%	$4.3M
Operating Income	N/A	-$8.2M-205.7%	-$2.7M+81.4%	-$14.5M+39.8%	-$24.1M-155.9%	-$9.4M+6.3%	-$10.0M+20.6%	-$12.6M
Interest Expense	N/A	$19K-34.5%	$29K-19.4%	$36K-35.7%	$56K-21.1%	$71K-14.5%	$83K-14.4%	$97K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$8.2M-297.3%	-$2.1M+85.3%	-$14.0M+40.4%	-$23.6M-171.7%	-$8.7M+5.6%	-$9.2M+21.0%	-$11.6M
EPS (Diluted)	N/A	$-14.58-316.6%	$-3.50	$-0.32	N/A	$-15.75+5.9%	$-16.73-5875.0%	$-0.28

SPRBD Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$53.0M+17.3%	$45.2M-56.5%	$103.9M+21.4%	$85.6M-32.3%	$126.5M-22.3%	$162.9M
Current Assets	$52.1M+17.9%	$44.2M-56.7%	$102.2M+22.2%	$83.6M-9.0%	$91.9M-42.7%	$160.4M
Cash & Equivalents	$48.9M+26.2%	$38.8M-59.8%	$96.3M+293.4%	$24.5M-42.7%	$42.7M-72.8%	$157.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	$0	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.5M-35.9%	$16.4M-40.3%	$27.4M+59.9%	$17.2M+13.5%	$15.1M+12.3%	$13.5M
Current Liabilities	$10.1M-33.8%	$15.2M-37.7%	$24.5M+96.6%	$12.4M+40.3%	$8.9M-9.1%	$9.8M
Long-Term Debt	$0-100.0%	$124K-92.8%	$1.7M-47.9%	$3.3M-32.5%	$4.9M+153.8%	$1.9M
Total Equity	$42.5M+47.5%	$28.8M-62.3%	$76.5M+11.7%	$68.5M-38.5%	$111.4M-25.5%	$149.4M
Retained Earnings	-$289.2M-15.6%	-$250.3M-26.9%	-$197.2M-32.1%	-$149.3M-44.8%	-$103.1M-69.5%	-$60.8M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$53.0M+246.2%	$15.3M-29.8%	$21.8M-31.1%	$31.6M-30.0%	$45.2M-30.6%	$65.1M-13.8%	$75.5M-13.7%	$87.5M
Current Assets	$52.1M+259.0%	$14.5M-30.7%	$21.0M-31.5%	$30.6M-30.8%	$44.2M-30.5%	$63.6M-14.0%	$73.9M-13.9%	$85.9M
Cash & Equivalents	$48.9M+358.4%	$10.7M-34.9%	$16.4M-36.0%	$25.6M-33.9%	$38.8M-35.5%	$60.1M-13.8%	$69.7M-14.1%	$81.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.5M+5.8%	$9.9M+14.9%	$8.6M-47.1%	$16.3M-0.4%	$16.4M+21.7%	$13.5M-17.7%	$16.4M-21.8%	$20.9M
Current Liabilities	$10.1M+7.0%	$9.4M+17.0%	$8.1M-48.6%	$15.7M+2.8%	$15.2M+28.6%	$11.9M-17.0%	$14.3M-22.3%	$18.4M
Long-Term Debt	$0	$0	$0	$0-100.0%	$124K-76.3%	$524K-43.2%	$923K-30.1%	$1.3M
Total Equity	$42.5M+689.4%	$5.4M-59.1%	$13.2M-14.0%	$15.3M-46.8%	$28.8M-44.2%	$51.6M-12.7%	$59.2M-11.2%	$66.6M
Retained Earnings	-$289.2M-5.3%	-$274.6M-3.1%	-$266.4M-0.8%	-$264.3M-5.6%	-$250.3M-10.4%	-$226.7M-4.0%	-$218.0M-4.4%	-$208.9M

SPRBD Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$33.3M+40.4%	-$56.0M-68.2%	-$33.3M+20.2%	-$41.7M-16.2%	-$35.9M-30.4%	-$27.5M
Capital Expenditures	N/A	$0-100.0%	$7K-12.5%	$8K-91.4%	$93K+25.7%	$74K
Free Cash Flow	N/A	-$56.0M-68.2%	-$33.3M+20.2%	-$41.7M-15.9%	-$36.0M-30.4%	-$27.6M
Investing Cash Flow	N/A	$0-100.0%	$55.8M+135.4%	$23.7M+129.9%	-$79.2M-106883.8%	-$74K
Financing Cash Flow	$43.5M+2780.7%	-$1.6M-103.3%	$49.1M+20490.0%	-$241K-137.5%	$643K-99.6%	$181.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$6.5M-21.4%	-$5.3M+39.8%	-$8.8M+30.6%	-$12.7M+38.4%	-$20.7M-124.2%	-$9.2M+17.0%	-$11.1M+25.8%	-$15.0M
Capital Expenditures	N/A	N/A	N/A	N/A	$0	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	-$20.7M	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	$0	$0	$0	$0
Financing Cash Flow	$44.7M+11217.9%	-$402K-0.5%	-$400K+2.7%	-$411K+34.2%	-$625K-54.3%	-$405K-11.0%	-$365K-60.8%	-$227K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPRBD Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	-1143.4%-628.0pp	-515.3%	N/A	N/A	N/A
Net Margin	N/A	-1079.9%-605.0pp	-475.0%	N/A	N/A	N/A
Return on Equity	-91.6%+92.4pp	-184.0%-121.4pp	-62.6%+4.8pp	-67.4%-29.5pp	-38.0%-18.2pp	-19.8%
Return on Assets	-73.5%+43.8pp	-117.3%-71.2pp	-46.1%+7.8pp	-53.9%-20.5pp	-33.4%-15.3pp	-18.1%
Current Ratio	5.17+2.3	2.90-1.3	4.18-2.5	6.72-3.6	10.36-6.1	16.43
Debt-to-Equity	0.000.0	0.00-0.0	0.02-0.0	0.050.0	0.04+0.0	0.01
FCF Margin	N/A	-1139.6%-809.7pp	-329.9%	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	-3453.9%-1891.2pp	-1562.8%-939.4pp	-623.4%+7.7pp	-631.0%
Net Margin	N/A	N/A	N/A	N/A	-3380.1%-1939.7pp	-1440.4%-870.1pp	-570.3%+10.4pp	-580.7%
Return on Equity	N/A	-152.5%-136.8pp	-15.7%+76.0pp	-91.6%-9.9pp	-81.7%-65.0pp	-16.8%-1.3pp	-15.5%+1.9pp	-17.4%
Return on Assets	N/A	-53.6%-44.2pp	-9.5%+34.9pp	-44.4%+7.8pp	-52.1%-38.8pp	-13.3%-1.2pp	-12.2%+1.1pp	-13.3%
Current Ratio	5.17+3.6	1.54-1.1	2.60+0.6	1.95-0.9	2.90-2.5	5.36+0.2	5.17+0.5	4.67
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.010.0	0.020.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	-2966.6%	N/A	N/A	N/A

Frequently Asked Questions

What is SPRBD's annual revenue?

SPRBD (SPRBD) reported $0 in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is SPRBD's revenue growing?

SPRBD (SPRBD) revenue declined by 100% year-over-year, from $4.9M to $0 in fiscal year 2025.

Is SPRBD profitable?

No, SPRBD (SPRBD) reported a net income of -$39.0M in fiscal year 2025.

What is SPRBD's EBITDA?

SPRBD (SPRBD) had EBITDA of -$36.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SPRBD have?

As of fiscal year 2025, SPRBD (SPRBD) had $48.9M in cash and equivalents against $0 in long-term debt.

What is SPRBD's return on equity (ROE)?

SPRBD (SPRBD) has a return on equity of -91.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is SPRBD's operating cash flow?

SPRBD (SPRBD) generated -$33.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are SPRBD's total assets?

SPRBD (SPRBD) had $53.0M in total assets as of fiscal year 2025, including both current and long-term assets.

How much does SPRBD spend on research and development?

SPRBD (SPRBD) invested $19.5M in research and development during fiscal year 2025.

How many shares does SPRBD have outstanding?

SPRBD (SPRBD) had 1M shares outstanding as of fiscal year 2025.

What is SPRBD's current ratio?

SPRBD (SPRBD) had a current ratio of 5.17 as of fiscal year 2025, which is generally considered healthy.

What is SPRBD's debt-to-equity ratio?

SPRBD (SPRBD) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SPRBD's return on assets (ROA)?

SPRBD (SPRBD) had a return on assets of -73.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is SPRBD's cash runway?

Based on fiscal year 2025 data, SPRBD (SPRBD) had $48.9M in cash against an annual operating cash burn of $33.3M. This gives an estimated cash runway of approximately 18 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is SPRBD's Piotroski F-Score?

SPRBD (SPRBD) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SPRBD's earnings high quality?

SPRBD (SPRBD) has an earnings quality ratio of 0.86x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can SPRBD cover its interest payments?

SPRBD (SPRBD) has an interest coverage ratio of -405.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is SPRBD?

SPRBD (SPRBD) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.