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Sharplink, Inc.

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Key Metrics

Previous Close: $7.08
52-Week Range: $4.46 – $21.03
Market Cap: $1.65B
P/E (TTM): —
EPS (TTM): -4.49
Dividend Yield: —

Advanced Metrics

Price/Book: 1.17
PEG Ratio: —
Return on Equity: -183.57%
Return on Assets: -102.11%
Gross Margin: 97.02%
Operating Margin: -2752.95%
Profit Margin: 0.00%
Current Ratio: 10.46
Debt/Equity: —
Total Debt: $0.00
Free Cash Flow: $-933.88M
Revenue Growth: 1553.90%
Earnings Growth: —
Enterprise Value: $1.48B

SBET Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$3.49M	$4.95M	$3.66M	$28.05M
Cost of Revenue	$2.17M	$3.42M	$2.76M	$1.90M
Gross Profit	$1.32M	$1.53M	$906.00K	$26.15M
Selling, General & Admin	$10.87M	$7.96M	$5.67M	$58.90M
Operating Expenses	$10.87M	$7.96M	$5.67M	$58.90M
Operating Income	-$9.56M	-$6.43M	-$4.76M	-$32.75M
EBITDA	-$13.09M	-$9.98M	-$4.14M	-$733.46M
Pretax Income	-$14.11M	-$11.23M	-$4.47M	-$733.47M
Income Tax	-$12.96K	$15.71K	$0.00	$1.05M
Net Income	-$15.23M	-$14.24M	$10.10M	-$734.59M
Diluted EPS	-73.56	-62.04	27.62	-7.37
Diluted Shares	207329	230080	337255	99.72M

SBET Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$1.38M	$2.49M	$1.44M	$28.54M
Receivables	$452.87K	$427.12K	$538.00K	$221.00K
Current Assets	$53.91M	$71.10M	$2.56M	$31.15M
Total Assets	$65.05M	$71.28M	$2.57M	$2.43B
Current Liabilities	$58.91M	$79.25M	$489.00K	$12.75M
Long-Term Debt	$2.06M	$1.42M	—	—
Total Debt	$2.68M	$12.81M	—	—
Total Liabilities	$62.06M	$80.68M	$489.00K	$12.75M
Retained Earnings	-$73.57M	-$87.86M	-$77.81M	-$812.40M
Shareholders' Equity	$2.99M	-$9.40M	$2.08M	$2.42B
Working Capital	-$5.00M	-$8.14M	$2.07M	$18.40M
Net Debt	$1.30M	$10.32M	—	—

SBET Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$5.94M	$582.89K	-$22.81M	-$17.54M
Capital Expenditure	-$35.80K	-$286.15K	-$2.00K	-$11.00K
Free Cash Flow	-$5.97M	$296.74K	-$22.82M	-$17.55M
Depreciation & Amortisation	$912.25K	$107.41K	$12.00K	$9.00K
Stock-Based Compensation	$1.94M	$261.37K	$149.00K	$35.21M
Investing Cash Flow	$48.30M	-$1.03M	-$18.71M	-$2.95B
Financing Cash Flow	$2.68M	$9.78M	-$17.38M	$3.00B
Share Repurchases	—	—	$0.00	-$31.69M
Net Change in Cash	-$4.68M	$9.34M	-$58.90M	$27.03M

SBET Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$742.00K	$697.29K	$10.84M	$15.77M	$24.06M
Cost of Revenue	$610.00K	$488.20K	$430.57K	$373.29K	$507.10M
Gross Profit	$132.00K	$209.09K	$10.41M	$15.40M	-$483.03M
Selling, General & Admin	$1.06M	$18.71M	$12.18M	$26.96M	$9.88M
Operating Expenses	$1.06M	$18.71M	$12.18M	$26.96M	$9.88M
Operating Income	-$926.00K	-$18.50M	-$1.76M	-$11.56M	-$492.91M
EBITDA	-$924.00K	-$103.34M	$105.04M	-$734.25M	-$492.91M
Pretax Income	-$914.00K	-$103.34M	$105.04M	-$734.25M	-$684.38M
Income Tax	$3.00K	$27.29K	$792.35K	$223.56K	$1.18M
Net Income	-$975.00K	-$103.42M	$104.27M	-$734.46M	-$685.56M
Diluted EPS	-1.84	-4.27	0.62	—	-3.25
Diluted Shares	531226	24.20M	167.17M	—	210.87M

SBET Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$1.37M	$5.07M	$11.13M	$28.54M	$16.88M
Receivables	$324.46K	$3.36M	$338.98K	$221.00K	$461.00K
Current Assets	$2.26M	$9.51M	$40.00M	$31.15M	$18.02M
Total Assets	$2.78M	$453.91M	$3.07B	$2.43B	$1.74B
Current Liabilities	$693.11K	$1.39M	$4.57M	$12.75M	$5.44M
Total Liabilities	$693.11K	$1.39M	$4.57M	$12.75M	$5.44M
Retained Earnings	-$78.78M	-$182.21M	-$77.94M	-$812.40M	-$1.50B
Shareholders' Equity	$2.08M	$452.52M	$3.07B	$2.42B	$1.74B
Working Capital	$1.57M	$8.12M	$35.43M	$18.40M	$12.59M

SBET Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$514.00K	-$1.62M	-$6.27M	-$9.13M	-$10.65M
Capital Expenditure	—	—	-$4.76K	-$3.72K	—
Free Cash Flow	-$514.00K	-$1.63M	-$6.28M	-$9.14M	-$10.65M
Depreciation & Amortisation	$2.00K	$2.08K	$2.08K	$2.84K	$1.00K
Stock-Based Compensation	$69.00K	$16.42M	$3.61M	$15.11M	$3.00M
Investing Cash Flow	-$500.00K	-$405.82M	-$2.50B	-$49.62M	$1.88M
Financing Cash Flow	$907.00K	$411.11M	$2.51B	$76.15M	-$2.90M
Share Repurchases	—	—	—	$488.00	—
Net Change in Cash	-$167.00K	$3.70M	$6.06M	$17.45M	-$11.66M

Market Snapshot

About

Sharplink, Inc. is a technology company focused on sports betting and online gaming affiliate marketing. The company operates digital platforms that connect consumers with sports betting operators through content and promotional services. Sharplink generates revenue from performance-based partnerships in the growing sports wagering industry.