Sharplink, Inc.
SBET Nasdaq· Finance Services
Last close · Oct 26, 2026
$7.18
KIRA · Stoqly’s AI analyst, in plain words
- Sharplink, Inc. had $28.1M of revenue in fiscal 2025, up 666.1% on the year before.
- Its operating margin was −2,616.0%, down 2,485.9 pts: of every 100 in sales, about −2,616 is left after running the business.
- Sharplink, Inc. lost $735M in fiscal 2025.
- Free cash flow was −$17.6M in fiscal 2025, −62.6% of revenue.
- Sharplink, Inc. returned $31.7M to shareholders in fiscal 2025. The diluted share count rose 29,464.0%.
Market cap
$1.5B
P/E
—
Revenue
$28.1M
Net income
−$735M
Free cash flow
−$17.6M
Operating margin
−2,616.0%
Sharplink, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+666.1%
Yes. Sales grew 666.1% last year.
Does it make a profit?
−2,618.4%
No. It lost money last year.
Does profit turn into cash?
−62.6%
No. It spent more cash than it brought in.
How healthy are the accounts?
1 / 7
Weak. It passes 1 of 7 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Sharplink, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 9, 2026
- Legal name
- Sharplink, Inc.
- CIK
- 0001981535
Sharplink, Inc. · SBET
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $3.5M | $5.0M | $3.7M | $28.1M |
| Revenue growth | — | 41.9% | −26.1% | 666.1% |
| Gross margin | 37.7% | 30.9% | 24.7% | — |
| Operating margin | −409.3% | −179.6% | −130.1% | −2,616.0% |
| Net income | −$15.2M | −$14.2M | $10.1M | −$735M |
| Net margin | −436.5% | −287.6% | 275.8% | −2,618.4% |
| Diluted EPS | −$6.13 | −$5.17 | $27.62 | −$7.37 |
| Cash | ||||
| Cash from operations | −$5.9M | $0.6M | −$22.8M | −$17.5M |
| Capital expenditure | $0.0M | $0.0M | $0.0M | $0.0M |
| Free cash flow | −$6.0M | $0.6M | −$22.8M | −$17.6M |
| FCF margin | −170.5% | 11.5% | −623.0% | −62.6% |
| Share buybacks | — | — | — | $31.7M |
| Share count change | — | 11.0% | −87.8% | 29,464.0% |
| Debt and strength | ||||
| Cash and short-term investments | $1.4M | $2.5M | $1.5M | $28.5M |
| Debt incl. finance leases | $2.1M | $2.1M | $0.0M | — |
| Deposits | $0.3M | $0.0M | — | — |
| Shareholders' equity | $3.0M | −$9.4M | $2.1M | $2.4B |
| Current ratio | 0.9x | 0.9x | 5.2x | 2.4x |
| Interest coverage | −130.8x | −7.7x | −14.7x | — |
| Returns and quality | ||||
| Return on capital | −307.6% | — | −693.0% | — |
| Return on equity | −510.1% | — | — | −60.7% |
| Return on tangible equity | −2,860.8% | — | 487.6% | −30.4% |
| Piotroski F-score | — | 5 | 6 | 1 |
| Altman Z'' | −5.6 | −5.7 | −101.4 | 196.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$47.9M
5 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Sharplink, Inc. · SBET
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $7.18 a share, the company is worth $1.5B.
Source: SEC EDGAR XBRL filings (CIK 0001981535). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.