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Sharplink Inc

SBET Financial Capital Markets

Sharplink Inc’s revenue for fiscal 2025 (year ended December 2025) was $28.1 million, up 666.1% from fiscal 2024. In the quarter to June 2026, revenue grew 1,554.0%, EPS grew 56.0% and free cash flow fell 339.6%, each against the same quarter a year earlier.

7.57 0.61 −7.46%
Market cap
$1.8B
P/E
0.0×
Fwd P/E
−1.6×
Dividend yield
—
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 47.93
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — 3 — — — — 1
Insider Ownership 3.33%

Capital & Financial Ratios $m

Market Cap 1,780.00
Revenue 50.20
Net Income (1,709.95)
Free Cash Flow (33.20)
Net Debt (56.19)
Current Ratio 10.45
Debt/Equity 0.00
P/E ratio 0.00
Fwd P/E (1.64) (negative: loss-making)
P/S ratio 31.63 (above 10: high)
P/B ratio 1.13
Past 5Y EPS Growth —
This Y EPS Growth 31.14% (at or above 15%: strong)
Next Y EPS Growth 101.97% (at or above 15%: strong)
Next Y revenue growth 67.71% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 77.52%
10-year low 10-year high
P/B against its own 10 years 22.11%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2 1 30 56
Receivables 0 1 0 0
Inventory — — — —
Other — — — —
71 3 31 57
2023 2024 2025 Q'26
Payables 1 0 13 —
ST’ Debt 5 — — —
Other — — — —
79 0 13 5

Compound Annual Growth %

10y 5y 3y
Sales 6.67% 65.22% 100.32%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 81.75% 347.00% 832.16%

Revenue $m

Mar Jun Sep Dec Year
’26 12 12 — — —
’25 1 1 11 16 28
’24 1 1 1 1 4
’23 1 1 1 1 5
’22 2 4 1 (1) 3
’21 — 2 — 3 3
’20 1 1 — — 2
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (11) (7) — — —
’25 (1) (2) (6) (9) (18)
’24 (19) (2) (1) (1) (23)
’23 (15) 3 18 (6) 1
’22 (2) (1) (2) 0 (6)
’21 — (2) — (4) (6)
’20 — — — — (1)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (11) (7) — — —
’25 (1) (2) (6) (9) (18)
’24 (19) (2) 0 (1) (23)
’23 (15) 3 18 (6) 0
’22 (2) (1) (2) 0 (6)
’21 — (2) — (4) (7)
’20 — — — — (1)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (3.25) (1.88) — — —
’25 (1.84) (4.27) 0.62 (1.88) (7.37)
’24 40.34 (1.92) (3.00) (13.34) 27.49
’23 (12.00) (14.89) (11.88) (23.26) (62.06)
’22 (35.80) (0.50) (10.41) (2.84) (74.43)
’21 — (2.67) — (1.56) (472.99)
’20 (2.40) (26.41) — — (12.72)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 496.80 314.40 237.60 172.80 180.00 253.20 30.00 14.16 4.92 2.28

Analyst estimates 2026–2028

Powerpack
High 1,044.00 1,077.60 1,548.00 638.40 571.20 2,145.60 334.80 132.00 26.16 124.12
People
People Employees 82 65 39 34 24 53 62 51 51 15
Revenue/emp, $m 0.17 0.10 0.15 0.15 0.09 0.05 0.06 0.10 0.07 1.87
Income, $m
Income, $m Revenue 14 7 6 5 2 3 3 5 4 28
Gross margin, % 50.80 69.61 63.33 64.24 18.59 (11.36) 37.71 30.95 24.74 93.22
EBT (6) 0 (1) 0 (1) (33) (14) (11) (4) (733)
EBT margin, % (40.57) (6.07) (14.33) (3.62) (49.94) (1,269.66) (404.27) (226.80) (122.17) (2,614.40)
Net income (5) 0 (1) 0 (1) (56) (15) (11) (4) (735)
Depreciation 6 0 0 0 0 0 1 1 0 0
Per share, $
Per share, $ Revenue 1,201.03 541.84 409.86 248.47 25.46 22.13 16.84 21.53 12.76 0.28
Earnings (446.62) (141.66) (81.63) (7.20) (12.72) (472.99) (74.43) (62.06) 35.17 (7.37)
Cash flow (62.05) (33.76) (107.76) (3.06) (8.59) (50.97) (28.64) 2.53 (79.52) (0.18)
Capex (43.50) (4.00) (0.98) (2.87) (6.60) (3.88) (0.15) (1.24) 0.52 0.00
Free cash flow (105.56) (37.76) (108.74) (5.93) (15.19) (54.85) (28.79) 1.29 (79.00) (0.18)
Book value 158.97 136.96 168.04 148.56 15.15 119.16 14.41 (40.87) 7.26 24.26
Shares, m 0 0 0 0 0 0 0 0 0 100
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.22 0.00
P/S 0.61 1.02 221.60 0.99 1.87 1,136.89 1.57 0.89 0.60 31.78
P/B 4.57 4.03 661.56 1.67 2.78 501.19 2.84 0.00 1.06 0.37
EV/Sales 0.45 0.69 221.25 0.38 1.31 1,135.67 1.81 1.70 1.98 30.92
EV/FCF (6.80) (3.32) (1,122.57) (1.29) (4.01) (989.41) (1.64) 28.28 (0.32) (49.00)
Cash, $m
Cash, $m Operating cash flow (1) 0 (2) 0 (1) (6) (6) 1 (23) (18)
Capex (1) 0 0 0 (1) 0 0 0 0 0
Free cash flow (1) 0 (2) 0 (1) (7) (6) 0 (23) (18)
Balance, $m
Balance, $m Working capital (2) (2) (1) 0 2 4 (5) (8) 2 18
Total debt — — — — 0 0 3 6 — —
Net debt (2) (2) (3) (3) (2) (6) 1 4 (1) (30)
Shareholders’ equity 2 2 2 3 1 14 3 (9) 2 2,419
Returns, %
Returns, % ROA (30.43) (16.89) (14.47) (1.73) (18.55) (451.74) (35.61) (20.97) 27.35 (60.35)
ROIC 0.00 0.00 0.00 0.00 0.00 (252.47) (208.15) 0.00 (461.53) (19.20)
ROE (130.38) (98.99) (57.00) (4.93) (52.01) (726.03) (177.54) 445.22 (275.86) (60.68)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Sharplink Inc vs peers in Capital Markets (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MIAX Miami International Holdings, Inc. $3.1B 26.0× 15.2× +18.26% (above 0%: growing) +26.97% (above 0%: growing) +162.65% (above 0%: growing) 36.40% 7.17% Compare
PURR Hyperliquid Strategies Inc $2.7B — (loss-making) — (loss-making) +6,940.21% (above 0%: growing) n/m −6,672.51% (below 0%: shrinking) 100.00% 7,380.58% Compare
CLSK Cleanspark, Inc. $2.4B — (loss-making) — (loss-making) −30.53% (below 0%: shrinking) n/m +202.37% (above 0%: growing) 38.06% (168.40%) Compare
ETOR eToro Group Ltd. $2.0B 7.9× 13.7× −23.93% (below 0%: shrinking) +71.05% (above 0%: growing) −32.39% (below 0%: shrinking) 15.03% 4.80% Compare
SBET Sharplink Inc $1.8B — (loss-making) — (loss-making) +1,553.95% (above 0%: growing) n/m −339.59% (below 0%: shrinking) 97.76% (3,413.02%)
TOP TOP Financial Group Limited $1.6B 155× — — n/m +141.67% (above 0%: growing) 83.91% (35.94%) Compare
PWP Perella Weinberg Partners $1.3B 41.5× — (loss-making) +0.81% (above 0%: growing) +75.00% (above 0%: growing) −14.77% (below 0%: shrinking) 25.96% 3.23% Compare
GOLD Gold.com Inc. $1.2B 13.0× 13.6× +99.24% (above 0%: growing) 0.00% +1,587.91% (above 0%: growing) 2.20% 0.53% Compare
OPY Oppenheimer Holdings, Inc. $1.1B 10.3× — (loss-making) +21.89% (above 0%: growing) +23.79% (above 0%: growing) −246.51% (below 0%: shrinking) 98.25% 21.20% Compare
Median of peers $1.8B 19.5× 13.7× +18.26% +26.97% +63.45% 37.23% 4.02%

All 93 Capital Markets stocks →

Sharplink Inc (SBET) key facts

  • Strength: Sharplink Inc’s revenue for fiscal 2025 (year ended December 2025) was $28.1 million, up 666.1% from fiscal 2024.
  • Sharplink Inc (SBET) is a Capital Markets company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, SBET traded at $7.57, a market capitalization of $1.8 billion.
  • Return on equity was −60.7% and debt-to-equity 0.00.
  • Its Piotroski F-score is 3 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Sharplink Inc (SBET) Latest News

12 May

Impact 5 ·

20 Feb

Impact 5 ·
stockrow.com/SBET · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com