Get started

Financials · SBET

Sharplink Inc. (SBET) financials

For the twelve months ended Jun 30, 2026, Sharplink Inc. reported $50.20M of revenue and -$1.71B of net income.

Revenue, TTM
$50.20M
Revenue growth, YoY
+1496.9%
Net income, TTM
-$1.71B
Net margin
-3406.3%
Cash
$56.20M
P/S
26.98
Market cap
$1.35B
Annual revenue$28.05M
FY2022FY2025
Annual net income-$734.59M
FY2022FY2025
Annual free cash flow-$17.55M
FY2022FY2025

SBET revenue and earnings growth

SBET revenueQ2 2026$11.53M

Quarter YoY
17x
QoQ
-4.4%
FY YoY
+666.1%

SBET revenue was $11.53M in fiscal Q2 2026 (ended Jun 30, 2026), up about 17-fold from a year earlier and down 4.4% from the prior quarter. For the full fiscal 2025 it was $28.05M, up 666.1% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

SBET net incomeQ2 2026-$394.27M

SBET net income was -$394.27M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$103.42M a year earlier. For the full fiscal 2025 it was -$734.59M, compared with $10.10M in fiscal 2024.

SBET EPSQ2 2026-$1.88

SBET diluted EPS was -$1.88 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$7.37.

SBET free cash flowQ4 2025-$9.14M

SBET free cash flow was -$9.14M in fiscal Q4 2025 (ended Dec 31, 2025), compared with -$1.27M a year earlier. For the full fiscal 2025 it was -$17.55M, compared with -$22.82M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$28.05M$3.66M$4.95M$3.49M
Cost of revenue-$2.76M$3.42M$2.17M
Gross profit-$906.3K$1.53M$1.32M
Selling, general and admin$42.39M$5.67M$7.96M$10.87M
Operating income-$733.92M-$4.76M-$8.89M-$14.28M
Interest expense-$325.0K$1.15M$109.2K
Pre-tax income-$733.47M-$4.47M-$11.23M-$14.11M
Income tax$1.05M-$232$15.7K-$13.0K
Net income-$734.59M$10.10M-$14.24M-$15.23M
EPS, basic-$7.37$35.20-$5.17-$6.13
EPS, diluted-$7.37$27.62-$5.17-$6.13
Diluted shares99.7M337,2552.8M2.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$28.54M$1.54M$2.49M$1.38M
Receivables$221.0K$265.0K$415.1K$440.9K
Current assets$31.15M$2.56M$71.10M$53.91M
Goodwill---$1.62M
Total assets$2.43B$2.57M$71.28M$65.05M
Current liabilities$12.75M$489.0K$79.25M$58.91M
Short-term debt--$645.6K-
Long-term debt-$0$1.42M$2.06M
Total debt-$0$2.07M$2.06M
Total liabilities$12.75M$489.0K$80.68M$62.06M
Shareholders' equity$2.42B$2.08M-$9.40M$2.99M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow-$17.54M-$22.81M$582.9K-$5.94M
Capital expenditures$11.0K$2.0K$12.1K$13.0K
Free cash flow-$17.55M-$22.82M$570.7K-$5.95M
Investing cash flow-$2.95B-$18.71M-$1.03M$48.30M
Financing cash flow$3.00B-$17.38M$9.78M$2.68M
Share repurchases$31.69M---
Stock-based compensation$13.66M$149.0K$261.4K$1.94M
Depreciation and amortization$9.0K$12.0K$107.4K$912.2K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY666.1%-26.1%41.9%-
Gross margin-24.7%30.9%37.7%
Operating margin-2616.0%-130.1%-179.6%-409.3%
Net margin-2618.4%275.8%-287.6%-436.5%
Free cash flow margin-62.6%-623.0%11.5%-170.5%
Return on equity-30.4%484.6%--510.1%
Return on assets-30.2%392.8%-20.0%-23.4%
Current ratio2.445.220.900.92
Debt to equity-0.00-0.69

Source: XBRL data Sharplink Inc. files with the SEC, latest filing dated Aug 7, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SBET peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SBET$50.20M+1496.9%-$1.71B-3406.3%$1.35B
MSFT$346.44B+17.9%$142.63B41.2%$3.94T
PLTR$7.29B+87.1%$3.67B50.3%$386.44B
ORCL$71.78B+21.6%$18.92B26.4%$351.04B
SAP€36.80B+7.7%€7.16B19.5%$286.79B
CRWD$5.40B+24.3%$58.46M1.1%$222.09B
SHOP$14.17B+32.5%$2.13B15.0%$191.58B
CRM$43.94B+11.2%$9.66B22.0%$175.83B
NOW$15.43B+21.8%$1.45B9.4%$105.84B

SBET FAQ

6 questions
  • What is SBET revenue?
    Sharplink Inc. (SBET) reported $50.20M of revenue for the twelve months ended Jun 30, 2026. That is up 1496.9% from the year before. Revenue for fiscal 2025 was $28.05M.
  • Is SBET profitable?
    No. Sharplink Inc. reported a net loss of $1.71B for the twelve months ended Jun 30, 2026.
  • How much cash and debt does SBET have?
    Sharplink Inc. reported $56.20M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is SBET revenue growing?
    Sharplink Inc.'s revenue changed +666.1% in fiscal 2025, to $28.05M.
  • When did SBET last report financial results?
    The latest statements here come from Sharplink Inc.'s 10-Q filed on Aug 7, 2026, covering the period ended Jun 30, 2026.
  • Where does this SBET financial data come from?
    Quantisnow builds these statements from the structured XBRL data Sharplink Inc. files with the SEC. It is provided for information only and is not investment advice.