NASDAQ : SBET
Sharplink, Inc. — Financial statements
Financials · Capital Markets · United States
Last price 6.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.46B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Sharplink, Inc. (SBET) reported revenue of 50.20M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 50.20M | 28.05M | 3.66M | 4.95M | 3.49M | 2.64M |
| Cost of Revenue | 1.49M | 1.90M | 2.76M | 3.42M | 2.17M | 2.94M |
| Gross Profit | 48.71M | 26.15M | 906.00K | 1.53M | 1.32M | -299.36K |
| Selling, General & Admin | 57.83M | 42.39M | 5.67M | 7.96M | 10.79M | 6.74M |
| Other Operating Expenses | 1.52B | 701.17M | ||||
| Operating Expenses | 1.58B | 760.07M | 5.67M | 7.96M | 10.79M | 6.74M |
| Operating Income | -1.53B | -733.92M | -4.76M | -6.43M | -9.47M | -7.04M |
| Interest Expense | -325.00K | -1.15M | -109.17K | |||
| Interest & Investment Income | 779.00K | 447.00K | 60.00K | 53.49K | 33.40K | 29.05K |
| Other Non Operating Income (Expenses) | 298.00K | -12.61K | 250.00K | -23.30M | ||
| EBT Excluding Unusual Items | -1.53B | -733.47M | -4.73M | -7.54M | -9.30M | -30.31M |
| Merger & Restructuring Charges | -83.87K | -3.15M | ||||
| Impairment of Goodwill | -2.46M | -4.73M | ||||
| Other Unusual Items | 256.00K | -1.23M | ||||
| Pretax Income | -1.71B | -733.47M | -4.47M | -11.23M | -14.11M | -33.47M |
| Income Tax Expense | 3.20M | 1.05M | 15.71K | -12.96K | 4.17K | |
| Earnings From Continuing Operations | -1.71B | -734.52M | -4.47M | -11.25M | -14.10M | -33.47M |
| Earnings From Discontinued Operations | -71.00K | -71.00K | 14.57M | -2.99M | -1.14M | -22.17M |
| Net Income | -1.71B | -734.59M | 10.10M | -14.24M | -15.23M | -55.64M |
| Preferred Dividends & Other Adjustments | 50.49K | 8.86K | 780.38K | |||
| Net Income to Common | -1.71B | -734.59M | 10.10M | -14.29M | -15.24M | -56.42M |
| Shares Outstanding (Basic) | 197.90M | 99.72M | 286.94K | 230.08K | 207.33K | 119.17K |
| Shares Outstanding (Diluted) | 197.90M | 99.72M | 286.94K | 230.08K | 207.33K | 119.17K |
| EPS (Basic) | -8.64 | -7.37 | 35.20 | -62.12 | -73.52 | -473.48 |
| EPS (Diluted) | -8.64 | -7.37 | 35.20 | -62.12 | -73.52 | -473.48 |
| Free Cash Flow | -33.25M | -17.59M | -22.92M | -57.38M | -55.67M | -7.84M |
| Free Cash Flow Per Share | -0.17 | -0.18 | -79.88 | -249.40 | -268.53 | -65.83 |
| Gross Margin | 97.02% | 93.22% | 24.74% | 30.95% | 37.71% | -11.36% |
| Operating Margin | -3,042.88% | -2,615.99% | -130.07% | -129.80% | -271.44% | -267.17% |
| Profit Margin | -3,406.29% | -2,618.38% | 275.78% | -288.60% | -436.75% | -2,140.73% |
| Free Cash Flow Margin | -66.23% | -62.70% | -625.91% | -1,158.61% | -1,595.28% | -297.63% |
| EBITDA | -1.53B | -733.91M | -4.76M | -6.32M | -8.52M | -6.84M |
| EBITDA Margin | -129.87% | -127.63% | -244.06% | -259.35% | ||
| D&A For EBITDA | 3.00K | 5.00K | 7.00K | 107.41K | 955.25K | 206.25K |
| EBIT | -1.53B | -733.92M | -4.76M | -6.43M | -9.47M | -7.04M |
| EBIT Margin | -130.06% | -129.80% | -271.44% | -267.17% | ||
| Revenue as Reported | 50.20M | 28.05M | 3.66M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 56.20M | 28.54M | 1.44M | 2.49M | 1.38M | 6.07M |
| Cash & Short-Term Investments | 56.20M | 28.54M | 1.44M | 2.49M | 1.38M | 6.07M |
| Accounts Receivable | 280.00K | 221.00K | 265.00K | 427.12K | 452.87K | 1.10M |
| Other Receivables | 273.00K | |||||
| Receivables | 280.00K | 221.00K | 538.00K | 427.12K | 452.87K | 1.10M |
| Prepaid Expenses | 880.00K | 329.00K | 310.00K | 383.30K | 505.90K | 217.30K |
| Other Current Assets | 2.06M | 270.00K | 67.81M | 51.57M | 2.10M | |
| Total Current Assets | 57.35M | 31.15M | 2.56M | 71.10M | 53.91M | 9.49M |
| Property, Plant & Equipment | 10.00K | 3.00K | 8.79K | 21.88K | 220.63K | |
| Long-Term Investments | 200.00K | |||||
| Goodwill | 1.62M | 3.51M | ||||
| Other Intangible Assets | 8.00K | 13.00K | 168.11K | 838.46K | 5.55M | |
| Other Long-Term Assets | 1.36B | 2.40B | 8.66M | 1.59M | ||
| Total Assets | 1.42B | 2.43B | 2.57M | 71.28M | 65.05M | 20.56M |
| Accounts Payable | 1.41M | 4.52M | 479.00K | 834.06K | 689.16K | 813.62K |
| Accrued Expenses | 4.08M | 8.23M | 629.64K | 777.22K | 684.36K | |
| Short-Term Debt | 6.35M | |||||
| Current Portion of Long-Term Debt | 5.04M | 620.17K | ||||
| Current Portion of Leases | 29.27K | |||||
| Current Unearned Revenue | 308.06K | |||||
| Other Current Liabilities | 1.00K | 10.00K | 66.40M | 56.82M | 4.03M | |
| Total Current Liabilities | 5.49M | 12.75M | 489.00K | 79.25M | 58.91M | 5.86M |
| Long-Term Debt | 1.42M | 2.06M | ||||
| Long-Term Leases | 136.26K | |||||
| Long-Term Deferred Tax Liabilities | 7.16K | 6.21K | 5.58K | |||
| Other Long-Term Liabilities | 86.00K | 1.08M | 365.98K | |||
| Total Liabilities | 5.57M | 12.75M | 489.00K | 80.68M | 62.06M | 6.37M |
| Common Stock | 22.00K | 20.00K | 572.77K | 537.73K | 447.35K | |
| Additional Paid-In Capital | 3.34B | 3.26B | 79.92M | 77.91M | 76.04M | 72.10M |
| Retained Earnings | -1.89B | -812.40M | -77.81M | -87.86M | -73.57M | -58.33M |
| Treasury Stock | -41.74M | -31.72M | -29.00K | -29.00K | -29.00K | -29.00K |
| Comprehensive Income & Other | 1.00 | |||||
| Total Common Equity | 1.41B | 2.42B | 2.08M | -9.40M | 2.98M | 14.19M |
| Shareholders' Equity | 1.41B | 2.42B | 2.08M | -9.40M | 2.99M | 14.19M |
| Total Liabilities & Equity | 1.42B | 2.43B | 2.57M | 71.28M | 65.05M | 20.56M |
| Total Debt | 12.81M | 2.68M | 165.52K | |||
| Net Cash (Debt) | 56.20M | 28.54M | 1.44M | -10.32M | -1.30M | 5.90M |
| Net Cash Per Share | 0.28 | 0.29 | 5.01 | -44.87 | -6.28 | 49.51 |
| Filing Date Shares Outstanding | 217.22M | 197.16M | 575.25K | 273.88K | 2.69M | 2.24M |
| Total Common Shares Outstanding | 216.98M | 196.70M | 407.29K | 2.86M | 2.69M | 2.24M |
| Working Capital | 51.87M | 18.40M | 2.07M | -8.14M | -5.00M | 3.63M |
| Book Value Per Share | 6.50 | 12.30 | 5.11 | -3.28 | 1.11 | 6.34 |
| Tangible Book Value | 1.41B | 2.42B | 2.07M | -9.57M | 529.07K | 5.13M |
| Tangible Book Value Per Share | 6.50 | 12.30 | 5.08 | -3.34 | 0.20 | 2.29 |
| Machinery | 33.55K | 40.32K | 142.09K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.71B | -734.59M | 10.10M | -14.24M | -15.23M | -55.64M |
| Depreciation & Amortization | 1.00K | 5.00K | 7.00K | 107.41K | 955.25K | 206.25K |
| Other Amortization | 4.00K | 4.00K | 77.00K | 469.86K | 8.07K | |
| Loss (Gain) From Sale of Assets | 12.61K | 2.59K | ||||
| Asset Writedown & Restructuring Costs | 320.16M | 140.21M | 2.46M | 4.42M | ||
| Stock-Based Compensation | 24.78M | 35.21M | 149.00K | 390.37K | 1.94M | 1.66M |
| Other Operating Activities | 1.33B | 534.30M | -14.84M | 4.52M | 81.32K | 47.48M |
| Change in Accounts Receivable | 179.00K | 161.00K | 162.00K | 25.75K | 68.32K | -48.22K |
| Change in Accounts Payable | 4.10M | 7.23M | -1.31M | 1.34M | ||
| Change in Unearned Revenue | -76.60K | |||||
| Change in Other Net Operating Assets | -497.00K | -19.00K | -200.00K | -6.39K | -216.03K | 496.08K |
| Operating Cash Flow | -33.24M | -17.58M | -22.92M | -57.37M | -55.66M | -7.79M |
| Capital Expenditures | -11.00K | -11.00K | -2.00K | -12.15K | -13.05K | -58.81K |
| Sale of Property, Plant & Equipment | 4.49K | |||||
| Cash Acquisitions | -388.00K | -5.88M | ||||
| Sale (Purchase) of Intangibles | 150.00K | -274.00K | -22.75K | -201.44K | ||
| Investment in Securities | -200.00K | |||||
| Other Investing Activities | -2.56B | -2.95B | -18.86M | -745.95K | 48.72M | 1.93M |
| Investing Cash Flow | -2.56B | -2.95B | -18.71M | -1.03M | 48.30M | -4.41M |
| Short-Term Debt Issued | 550.00K | 6.35M | ||||
| Long-Term Debt Issued | 4.00M | 3.25M | ||||
| Total Debt Issued | 550.00K | 10.35M | 3.25M | |||
| Short-Term Debt Repaid | -6.90M | |||||
| Long-Term Debt Repaid | -6.22M | -1.04M | -549.23K | |||
| Total Debt Repaid | -13.12M | -1.04M | -549.23K | |||
| Net Debt Issued (Repaid) | -12.57M | 9.31M | 2.70M | |||
| Issuance of Common Stock | 2.77B | 3.13B | 1.03M | 9.87M | ||
| Repurchase of Common Stock | -44.61M | -31.69M | ||||
| Other Financing Activities | -76.39M | -99.76M | -5.83M | 474.07K | -25.43K | -190.16K |
| Financing Cash Flow | 2.65B | 3.00B | -17.38M | 9.78M | 2.68M | 15.68M |
| Net Cash Flow | 51.09M | 27.00M | -59.00M | -48.62M | -4.68M | 3.48M |
| Free Cash Flow | -33.25M | -17.59M | -22.92M | -57.38M | -55.67M | -7.84M |
| Free Cash Flow Margin | -66.23% | -62.70% | -625.91% | -1,158.61% | -1,595.28% | -297.63% |
| Free Cash Flow Per Share | -0.17 | -0.18 | -79.88 | -249.40 | -268.53 | -65.83 |
| Levered Free Cash Flow | -933.65M | -417.77M | -2.67M | -10.70M | 232.70K | -1.26M |
| Unlevered Free Cash Flow | -933.65M | -417.77M | -2.54M | -10.45M | 292.86K | -1.26M |
| Cash Interest Paid | 486.00K | 485.53K | 109.17K | |||
| Cash Income Tax Paid | 2.48M | 449.00K | 505.00K | 86.32K | 19.92K | |
| Change in Working Capital | 3.79M | 7.38M | -1.35M | 1.36M | -224.31K | 447.86K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.46B | 1.76B | 2.31M | 51.55M | 84.96M | 691.01M |
| Enterprise Value | 1.41B | 1.75B | 459.42K | 18.82M | 83.07M | 689.98M |
| Last Close Price | 6.74 | 8.94 | 7.73 | 18.00 | 37.66 | 318.00 |
| PE Ratio | 0.23 | |||||
| Forward PE | 86.97 | 101.71 | ||||
| PS Ratio | 29.16 | 62.68 | 0.63 | 10.41 | 24.34 | 262.17 |
| PB Ratio | 1.04 | 0.73 | 1.11 | -5.48 | 28.45 | 48.69 |
| P/TBV Ratio | 1.04 | 0.73 | 1.12 | 160.58 | 134.83 | |
| EV/Sales Ratio | 28.04 | 62.28 | 0.12 | 3.80 | 23.80 | 261.77 |
| Debt / Equity Ratio | -1.36 | 0.90 | 0.01 | |||
| Net Debt / Equity Ratio | -0.04 | -0.01 | -0.69 | -1.10 | 0.44 | -0.42 |
| Net Debt / EBITDA Ratio | 0.04 | 0.04 | 0.30 | -1.63 | -0.15 | 0.86 |
| Net Debt / FCF Ratio | 1.69 | 1.62 | 0.06 | -0.18 | -0.02 | 0.75 |
| Asset Turnover | 0.05 | 0.02 | 0.10 | 0.07 | 0.08 | 0.21 |
| Quick Ratio | 10.29 | 2.26 | 4.04 | 0.04 | 0.03 | 1.22 |
| Current Ratio | 10.46 | 2.44 | 5.22 | 0.90 | 0.92 | 1.62 |
| Return on Equity (ROE) | -183.57% | -60.68% | -164.11% | -395.95% | ||
| Return on Assets (ROA) | -102.11% | -37.69% | -8.06% | -5.89% | -13.83% | -35.24% |
| Return on Capital Employed (ROCE) | -108.30% | -30.30% | -228.80% | 80.70% | -154.40% | -47.90% |
| Earnings Yield | -128.23% | -41.77% | 437.26% | -27.63% | -17.93% | -8.05% |
| FCF Yield | -2.27% | -1.00% | -992.41% | -111.33% | -65.53% | -1.14% |
| Buyback Yield / Dilution | -2,877.61% | -34,652.85% | -24.71% | -10.97% | -73.98% | -33.08% |