What is the 13F Pro Quality Score for SPHR?

13F Pro ranks Sphere Entertainment Co. (SPHR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SPHR's current score at https://13fpro.ai/research/SPHR (free sign-up required for the full ranking).

Where does 13F Pro source SPHR data?

All Sphere Entertainment Co. fundamentals and ownership data come directly from SEC EDGAR. Sphere Entertainment Co. files with the SEC under CIK 1795250. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SPHR in?

Sphere Entertainment Co. (SPHR) is classified in the Communication Services sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/communication-services.

How often is SPHR research updated on 13F Pro?

SPHR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Sphere Entertainment Co.(SPHR)Stock Analysis

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SEC EDGAR: CIK 1795250 SPHR stock profile & AI dashboard →

13F Pro Quality Score

50.3/100

Rank #1,463 of 2,879 stocks

View Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

83.9/100

Profitability

32.3/100

Balance Sheet

33.4/100

Earnings Quality

30.0/100

Free Cash Flow

74.5/100

Institutional Flow

2.6/100

Revenue Scale

53.0/100

Dilution Risk

26.3/100

SPHR Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Sphere Entertainment Co. (SPHR), a Communication Services sector company. 13F Pro's AI-powered ranking engine scores SPHR at 50.3/100 on a 32-signal composite quality model, placing it at rank #1,463 of 2,879 stocks — the bottom half of the AI-ranked universe. SPHR scores in the top quartile across revenue growth (83.9). Areas of concern include institutional flow (2.6) and earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 26.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), Sphere Entertainment Co. reports quarterly revenue of $386.4M, net income of $4.5M, free cash flow of $136.2M. Top institutional holders of SPHR by reported 13-F value include BlackRock,, Jericho Capital Asset Management L.P., ARIEL INVESTMENTS,, based on the most recent SEC filings. SPHR trades on the NYSE exchange and files with the SEC under CIK 1795250. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SPHR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Sphere Entertainment Co. directly from SEC EDGAR. Sphere Entertainment Co.'s 13F Pro composite quality score has ranged between 8 and 92 since 2023, currently 50.3 — an improving long-term trajectory across 47 quarterly and live scoring snapshots.

Revenue

Q3 2026

$386.4M

Net Income

Q3 2026

$4.5M

Free Cash Flow

Q3 2026

$136.2M

ROIC

Q3 2026

0.3%

D/E Ratio

Q3 2026

0.36

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+68.3% YoY

$1.03BFY 2024

FY20 $762.9MFY21 $647.5MFY22 $610.1MFY24 $1.03B

Net Income

-5.5% YoY

$-200.6MFY 2024

FY20 $181.7MFY21 $-377.2MFY22 $-190.1MFY24 $-200.6M

Operating Income

-105.9% YoY

$-341.2MFY 2024

FY20 $-59.8MFY21 $-188.2MFY22 $-165.7MFY24 $-341.2M

EPS (Diluted)

+1.6% YoY

$-5.68FY 2024

FY20 $5.20FY21 $-15.95FY22 $-5.77FY24 $-5.68

Total Assets

-13.3% YoY

$4.79BFY 2024

FY20 $3.72BFY21 $5.29BFY22 $5.52BFY24 $4.79B

Total Debt

+122.3% YoY

$2.23BFY 2024

FY20 $33.6MFY21 $660.8MFY22 $1.00BFY24 $2.23B

Op. Cash Flow

-113.9% YoY

$-19.7MFY 2024

FY20 $98.1MFY21 $-58.7MFY22 $141.3MFY24 $-19.7M

Metric	FY 2024	FY 2022	FY 2021	FY 2020	FY 2018	FY 2017
Revenue	$1.03B +68.3%	$610.1M -5.8%	$647.5M -15.1%	$762.9M -22.9%	$989.0M	—
Net Income	$-200.6M -5.5%	$-190.1M +49.6%	$-377.2M -307.6%	$181.7M +2534.6%	$6.9M	—
Operating Income	$-341.2M -105.9%	$-165.7M +11.9%	$-188.2M -215.0%	$-59.8M -91.0%	$-31.3M	—
EPS (Diluted)	$-5.68 +1.6%	$-5.77 +63.8%	$-15.95 -406.7%	$5.20	—	—
Total Assets	$4.79B -13.3%	$5.52B +4.4%	$5.29B +42.2%	$3.72B	—	—
Total Debt	$2.23B +122.3%	$1.00B +52.0%	$660.8M +1869.4%	$33.6M	—	—
Operating Cash Flow	$-19.7M -113.9%	$141.3M +340.8%	$-58.7M -159.8%	$98.1M -32.1%	$144.4M	—

AI Insight: SPHR Financial Trends

SPHR delivered strong Q4 2025 revenue growth to $394M with positive operating income turning from -$130M losses, while debt declined significantly from $2,142M to $810M.

• Revenue surged from $263M in Q3 2025 to $394M in Q4 2025, maintaining strength at $386M in Q1 2026.

• Operating income improved dramatically from -$130M in Q3 2025 to $29M in Q4 2025 and $7M in Q1 2026.

• Total debt decreased substantially from $2,142M in Q1 2025 to $810M in Q1 2026, reducing leverage significantly.

• Operating cash flow turned positive to $180M in Q4 2025 and $136M in Q1 2026 after negative flows.

⚠ Revenue declined sequentially from $394M in Q4 2025 to $386M in Q1 2026, breaking momentum from prior quarter surge.

⚠ Net income volatility continues with swings from $152M profit in Q2 2025 to losses and back to modest $4M in Q1 2026.

AI Insight: SPHR Ratio Trends

Sphere Entertainment turned operationally profitable in Q4 2025 with 7.3% operating margin after quarters of deep losses.

• Operating margin swung from -49.4% in Q3 2025 to 7.3% in Q4 2025, then moderated to 1.9% in Q1 2026.

• Debt-to-equity ratio improved dramatically from 1.00 in early 2025 to 0.36 by Q1 2026.

• ROE turned positive at 11.6% in Q4 2025 after persistent negative returns through Q3 2025.

• ROIC remains volatile, swinging from -17.1% in Q3 2025 to 3.8% in Q4 2025, then falling to 0.9% in Q1 2026.

⚠ Operating profitability declined from 7.3% in Q4 2025 to 1.9% in Q1 2026, testing sustainability of turnaround.

⚠ Extreme quarterly volatility in margins and returns suggests business model remains highly seasonal or event-driven.

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Available Research

13F Pro tracks comprehensive data for Sphere Entertainment Co. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SPHR

BlackRock, Inc.
$458.8M3,907,941 sh
Jericho Capital Asset Management L.P.
$305.9M2,605,615 sh
ARIEL INVESTMENTS, LLC
$289.1M2,462,309 sh
LINDEN ADVISORS LP
$281.2M83,540,000 sh
MORGAN STANLEY
$240.3M2,046,988 sh
WHITEBOX ADVISORS LLC
$216.8M64,504,000 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$181.0M1,541,767 sh
VANGUARD CAPITAL MANAGEMENT LLC
$141.0M1,200,760 sh
STATE STREET CORP
$120.2M1,023,654 sh
DIMENSIONAL FUND ADVISORS LP
$105.4M897,586 sh

Fund	Value	Shares
BlackRock, Inc.	$458.8M	3,907,941
Jericho Capital Asset Management L.P.	$305.9M	2,605,615
ARIEL INVESTMENTS, LLC	$289.1M	2,462,309
LINDEN ADVISORS LP	$281.2M	83,540,000
MORGAN STANLEY	$240.3M	2,046,988
WHITEBOX ADVISORS LLC	$216.8M	64,504,000
VANGUARD PORTFOLIO MANAGEMENT LLC	$181.0M	1,541,767
VANGUARD CAPITAL MANAGEMENT LLC	$141.0M	1,200,760
STATE STREET CORP	$120.2M	1,023,654
DIMENSIONAL FUND ADVISORS LP	$105.4M	897,586

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Is SPHR a good stock to buy?

13F Pro's AI-powered analysis of Sphere Entertainment Co. (SPHR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Communication Services sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SPHR are available on the SPHR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own SPHR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SPHR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Sphere Entertainment Co.'s investment landscape.