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Sharplink, Inc. logo

Sharplink, Inc.

SBET

NASDAQFinancial ServicesFinancial - Capital Markets

Open in GoAI

Previous close

$7.91

+$0.32 · +4.22%

Aug 21, 4:00 PM ET

Pre-market

$7.92

+$0.01 · +0.13%

Aug 24, 5:55 AM ET

SBET company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

23

Weakening

Sentiment

55

Mixed

Risk resilience

10

Extreme Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Sharplink, Inc. is a global digital asset treasury firm, primarily functioning as an institutional-grade platform for managing Ethereum. Its operations are divided into two primary divisions: Ether (ETH) Treasury Management and Affiliate Marketing. The ETH Treasury Management division is dedicated to the strategic acquisition and dynamic oversight of Ethereum, positioning it as a long-term holding for the company's treasury. This involves both native and liquid staking strategies, all conducted within a robust framework that prioritizes governance, secure custody, and comprehensive risk mitigation. Conversely, the Affiliate Marketing segment specializes in offering performance-driven client acquisition solutions to businesses in the sportsbook and online casino gaming industries. This is achieved by generating substantial user traffic and acquiring new players for licensed gaming entities, primarily leveraging its international affiliate network, PAS.net, alongside a collection of digital assets tailored for specific U.S. states. The company, previously operating as SharpLink Gaming, Inc., rebranded to Sharplink, Inc. in February 2026. Established in 2019, Sharplink's corporate headquarters are located in Miami, Florida.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Joseph Chalom
Listed since
May 21, 1997
Employees
15

Market position

Day range

Current $7.91

52-week range

Current $7.91

Open
$7.885
Previous close
$7.59
Volume
14.99M
1.72× average
Average volume
8.7M
Average daily volume
Market cap
1.56B USD
Beta
10
Market reference 1
50-day average
$5.8796
+34.53% above average
200-day average
$7.6549
+3.33% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
862.95M USD
P/E (TTM)
-0.97×
P/B (TTM)
1.18×
P/S (TTM)
31.07×
EV / EBITDA
-1.18×
Earnings yield
-82.40%
Free cash flow yield
-1.96%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
97.02%
Operating margin
193.86%
Net margin
-3406.29%
Return on equity
-30.37%
Return on assets
-30.21%
Return on invested capital
-1.35%

Financial health

Debt / equity
0×
Current ratio
2.44×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends565%-592%-1750%-2908%Gross margin, FY2021: -11.36%Gross margin, FY2022: 37.71%Gross margin, FY2023: 30.95%Gross margin, FY2024: 24.75%Gross margin, FY2025: 93.22%Operating margin, FY2021: -1270.78%Operating margin, FY2022: -409.26%Operating margin, FY2023: -179.56%Operating margin, FY2024: -130.05%Operating margin, FY2025: -116.73%Net margin, FY2021: -2111.13%Net margin, FY2022: -436.49%Net margin, FY2023: -287.58%Net margin, FY2024: 275.77%Net margin, FY2025: -2618.38%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 -11.36%. Gross margin FY2022 37.71%. Gross margin FY2023 30.95%. Gross margin FY2024 24.75%. Gross margin FY2025 93.22%. Operating margin FY2021 -1270.78%. Operating margin FY2022 -409.26%. Operating margin FY2023 -179.56%. Operating margin FY2024 -130.05%. Operating margin FY2025 -116.73%. Net margin FY2021 -2111.13%. Net margin FY2022 -436.49%. Net margin FY2023 -287.58%. Net margin FY2024 275.77%. Net margin FY2025 -2618.38%.

Income trends

Revenue

28.06M USD+666.04%

Operating income

−32.75M USD-587.57%

Net income

−734.59M USD−744.69M USD
Income trends across reported periods104.32M USD−200.74M USD−505.79M USD−810.85M USDRevenue, FY2021: 2.64M USDRevenue, FY2022: 3.49M USDRevenue, FY2023: 4.95M USDRevenue, FY2024: 3.66M USDRevenue, FY2025: 28.06M USDOperating income, FY2021: −33.49M USDOperating income, FY2022: −14.28M USDOperating income, FY2023: −8.89M USDOperating income, FY2024: −4.76M USDOperating income, FY2025: −32.75M USDNet income, FY2021: −55.64M USDNet income, FY2022: −15.23M USDNet income, FY2023: −14.24M USDNet income, FY2024: 10.1M USDNet income, FY2025: −734.59M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.64M USD. Revenue FY2022 3.49M USD. Revenue FY2023 4.95M USD. Revenue FY2024 3.66M USD. Revenue FY2025 28.06M USD. Operating income FY2021 −33.49M USD. Operating income FY2022 −14.28M USD. Operating income FY2023 −8.89M USD. Operating income FY2024 −4.76M USD. Operating income FY2025 −32.75M USD. Net income FY2021 −55.64M USD. Net income FY2022 −15.23M USD. Net income FY2023 −14.24M USD. Net income FY2024 10.1M USD. Net income FY2025 −734.59M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue28.06M USD3.66M USD4.95M USD3.49M USD2.64M USD
Cost of goods sold1.9M USD2.76M USD3.42M USD2.17M USD2.94M USD
Gross profit26.15M USD906.27K USD1.53M USD1.32M USD−299.36K USD
Selling, general, and administrative58.9M USD——10.87M USD9.89M USD
Operating expenses58.9M USD5.67M USD10.43M USD15.6M USD33.2M USD
Interest income447K USD60.29K USD53.49K USD33.4K USD29.06K USD
Interest expense—324.52K USD1.15M USD109.17K USD—
Depreciation and amortization9K USD12.1K USD236.41K USD912.25K USD206.25K USD
Operating income−32.75M USD−4.76M USD−8.89M USD−14.28M USD−33.49M USD
Net income−734.59M USD10.1M USD−14.24M USD−15.23M USD−55.64M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
25%
1 beat, 3 misses, 0 met estimates
Average EPS surprise
-8166.69%
4 comparable reports
Latest EPS result
-1.88
Estimate 0.01 · Miss by 14203.53%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.53-1.19-2.91-4.63Q1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 17, 2025: actual -2.72, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual -1.73, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual -4.27, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual -0.02, estimate -0.08, surprise +75.00%, Beat. Q1 2026, reported Mar 9, 2026: actual -3.55, estimate 0.17, surprise -2188.24%, Miss. Q2 2026, reported May 8, 2026: actual -3.25, estimate 0.02, surprise -16350.00%, Miss. Q3 2026, reported Aug 7, 2026: actual -1.88, estimate 0.013, surprise -14203.53%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 0.01, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates18.84M12.76M6.67M592.7KQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 17, 2025: actual 823.44K USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 741.73K USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 14, 2025: actual 697.29K USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 12, 2025: actual 10.84M USD, estimate 17.19M USD, surprise -36.93%, Miss. Q1 2026, reported Mar 9, 2026: actual 15.3M USD, estimate 17.49M USD, surprise -12.54%, Miss. Q2 2026, reported May 8, 2026: actual 12.06M USD, estimate 14.6M USD, surprise -17.39%, Miss. Q3 2026, reported Aug 7, 2026: actual 11.53M USD, estimate 12.26M USD, surprise -5.97%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 11.38M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$11.50

45.39% upside
Past 12 months12-month forecastHigh $15.00Average $11.50Low $8.00

Rating distribution

5 ratings
Strong buy00%
Buy5100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

5 institutions
TD CowenmaintainBuy
Cantor FitzgeraldmaintainOverweight

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ETFs holding SBET

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
36.59M
Weight
0.05%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Amplify Blockchain Technology ETF logoAmplify Blockchain Technology ETFBLOK
Market value
14.72M
Weight
1.33%
AUM
1.1B USD
Expense ratio
0.70%
Price / 1D
$62.95+1.73%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
13.86M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
13.58M
Weight
0.09%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
7.44M
Weight
0.03%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
6.46M
Weight
0.04%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Fidelity Crypto Industry and Digital Payments ETF logoFidelity Crypto Industry and Digital Payments ETFFDIG
Market value
4.3M
Weight
1.64%
AUM
247.55M USD
Expense ratio
0.39%
Price / 1D
$44.08+2.16%
iShares Core S&P Total U.S. Stock Market ETF logoiShares Core S&P Total U.S. Stock Market ETFITOT
Market value
2.04M
Weight
0.00%
AUM
97.17B USD
Expense ratio
0.03%
Price / 1D
$167.97+0.46%

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