SBETNasdaqFinance ServicesFiscal year ends December 31
Sharplink, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$7.46−0.11 (-1.45%)
Close on Oct 19, 2026
- Market cap
- $1.56B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
-2616.0%−2563.0 pts over 5 years
Net margin
-2618.4%−2568.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +666.1% | +100.3% | +65.2% | +6.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -130.4% | -51.2% | -60.7% | |
| Return on assets | -30.4% | -18.3% | -60.4% | |
| Current ratio | 0.83 | 2.10 | 2.44 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | -877.6× | – | |
| Capex to revenue | 1.3% | 0.3% | 0.0% | |
| Diluted shares | 0M | 1M | 100M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Sharplink generated $52.95M from operations and spent $31.79M on capital expenditure, dividends and share buybacks. 0% of that went back into the business.
Generated
$52.95M
Used
$31.79M
Capital expenditure$97.00K0%Dividends$00%Share buybacks$31.69M100%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2618.4%
×Asset turnover0.02×
×Equity multiplier1.01×
=Return on equity, FY2025-60.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2618.4% | 0.02× | 1.01× | -60.7% |
| FY2024 | 275.8% | 0.10× | -10.10× | -276.1% |
| FY2023 | -287.6% | 0.07× | -21.26× | 444.2% |
| FY2022 | -436.5% | 0.08× | 4.98× | -177.4% |
| FY2021 | -2111.1% | 0.21× | 1.61× | -715.8% |
| FY2020 | -50.0% | 0.37× | 2.80× | -51.2% |
| FY2019 | -12.9% | 0.31× | 3.60× | -14.1% |
| FY2018 | -20.0% | 0.72× | 5.50× | -79.5% |
| FY2017 | -26.1% | 0.65× | 5.86× | -99.0% |
| FY2016 | -69.1% | 0.44× | 4.28× | -130.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$734.59M
- Cash generatingOperating cash flow above zero-$17.54M
- Return on assets improvedROA up on the prior year14.2% → -28572.0%
- Earnings backed by cashOperating cash flow above net income-$17.54M vs -$734.59M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose5.22 → 2.44
- No dilutionShare count did not rise0M → 100M
- Gross margin improvedGross margin up on the prior year24.75% → –
- More efficientAsset turnover rose0.05 → 10.91