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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$12M
-$686M
0.0%
-5677.4%
—
—
$17M
Dec '25
$16M
-$734M
0.0%
-4657.1%
-$9M
—
$29M
Sep '25
$11M
$104M
0.0%
967.6%
-$6M
—
$11M
Jun '25
—
-$103M
—
—
—
—
$5M
Mar '25
$742000
-$975000
17.8%
-124.8%
—
—
$1M
Dec '24
$823092
-$903266
20.2%
-130.7%
-$1M
$0
$1M
Sep '24
$881690
-$885131
19.6%
-90.4%
-$591217
$0
$2M
Jun '24
$981272
-$462959
28.5%
-122.8%
-$2M
$0
$2M
Mar '24
$975946
$12M
29.4%
-172.6%
-$19M
—
$4M
Dec '23
$1M
-$5M
34.1%
-399.0%
-$6M
$2M
$2M
Sep '23
$1M
-$3M
29.0%
-104.1%
$18M
—
$3M
Jun '23
$1M
-$3M
29.9%
-129.2%
$3M
—
$602258
Mar '23
$1M
-$3M
31.6%
-134.3%
-$15M
—
$2M
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.
The price-to-earnings ratio has risen from 12.6× (Dec '24) to 207.4× (Nov '25).
The price-to-sales ratio has risen from 21.9× (Mar '23) to 32.1× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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.