tradmap

SBET Financials Sharplink, Inc.

4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 100.3% per year over the past 3 years.
  • Operating margin has contracted, at -2616.0% in the latest year.

Financial health

  • The company is unprofitable; at its current free-cash-flow burn it has roughly 1.6 years of cash runway.
Revenue & net income
-$735M -$353M $28M $0 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-2618% -1171% 276% 0% 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$23M -$11M $570740 $0 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $14M $29M 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$3B $22M $3B $0 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $28M -$735M 0.0% -2616.0% -$18M $29M
2024 $4M $10M 24.7% -130.1% -$23M $0 $1M
2023 $5M -$14M 30.9% -179.6% $570740 $2M $2M
2022 $3M -$15M 37.7% -409.3% -$6M $2M $1M

Valuation over time

How the market has priced SBET against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 576.1 1152.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1588.7 3177.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is SBET growing its revenue and profit?

Over the past 3 years, Sharplink, Inc.'s revenue has grown 100.3% per year. These are computed facts, not advice.

How much debt does SBET have?

As of FY2025, Sharplink, Inc. reported — of total debt against $29M of cash.

What is SBET's profit margin?

In FY2025, gross margin was —, operating margin -2616.0%, and net margin -2618.4%.

What is SBET's P/E ratio?

As of Jun '26, Sharplink, Inc. traded at a price-to-earnings ratio of about 207.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.