How did SPHR's Q3 2025 forecast compare to past quarters?

SPHR's Q3 2025 forecast reflects a significant year-over-year increase in revenues, but a slight miss compared to the most recent past:

1. Comparison to Q4 2024: The Q3 2025 forecasted revenue of $324.65 million represents a substantial year-over-year growth of approximately 175.1%. This is a stark increase from the $127.1 million reported for the same quarter in 2024. This indicates a strong recovery or expansion period for the company.
2. Comparison to Q2 2025: The Q3 2025 forecasted revenue is slightly higher than the Q2 2025 estimated revenue of $322.5 million. This suggests that the performance in Q3 2025 is expected to be slightly better than the immediate previous quarter.
3. Comparison to Q1 2025: The Q3 2025 forecast does not provide a direct comparison to the Q1 2025 estimated revenue, but it does provide a comparison to the Q4 2024 revenue. Given that the Q4 2024 revenue was $127.1 million, and the Q3 2025 forecast is $324.65 million, it is clear that the Q3 of 2025 is expected to have a much higher revenue than the previous quarter.
4. Comparison to Q3 2024: The Q3 2024 actual revenue was $321.3 million, which was reported to have missed the analyst consensus estimate of $324.63 million by a small margin. The Q3 2025 forecast is slightly higher than the Q3 2024 actual, indicating an improvement or a more optimistic outlook for the upcoming quarter.

In summary, SPHR's Q3 2025 forecast represents a substantial growth over the previous quarter (Q4 2024) and a slight improvement over the Q2 2025 forecast, with a strong year-over-year increase compared to Q3 2024.