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Sharplink, Inc.

SBET Clue Score50
United States Fiscal year ends December CIK 0001981535
$8.59 -2.50% Close, 9 Oct 2026
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Price $8.59 −49.32% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 13 Feb 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue3.5Operating income−14.3Net income−15.2EPS, diluted−6.13Fiscal year 2023Revenue5.0 +41.9%Operating income−8.9Net income−14.2EPS, diluted−5.17Fiscal year 2024Revenue3.7 −26.1%Operating income−4.8Net income10.1EPS, diluted27.62Fiscal year 2025Revenue28.1 +666.1%Operating income−733.9Net income−734.6 −7,373.9%EPS, diluted−7.37
FY2022FY2023FY2024FY2025
Revenue 3.5 5.0 3.7 28.1
Growth +41.9% −26.1% +666.1%
Operating income −14.3 −8.9 −4.8 −733.9
Net income −15.2 −14.2 10.1 −734.6
Growth −7,373.9%
EPS, diluted −6.13 −5.17 27.62 −7.37

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin37.7%Operating margin−409.3%Net margin−436.5%Free cash flow margin−170.5%Fiscal year 2023Gross margin30.9%Operating margin−179.6%Net margin−287.6%Free cash flow margin11.5%Fiscal year 2024Gross margin24.7%Operating margin−130.1%Net margin275.8%Free cash flow margin−623.0%Fiscal year 2025Operating margin−2,616.0%Net margin−2,618.4%Free cash flow margin−62.6%
FY2022FY2023FY2024FY2025
Gross margin 37.7% 30.9% 24.7% n/a
Operating margin −409.3% −179.6% −130.1% −2,616.0%
Net margin −436.5% −287.6% 275.8% −2,618.4%
Free cash flow margin −170.5% 11.5% −623.0% −62.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−5.9Capital expenditure−0.0Free cash flow−6.0Fiscal year 2023Operating cash flow0.6Capital expenditure−0.0Free cash flow0.6Fiscal year 2024Operating cash flow−22.8Capital expenditure−0.0Free cash flow−22.8 −4,097.6%Fiscal year 2025Operating cash flow−17.5Capital expenditure−0.0Free cash flow−17.6Buybacks−31.7
FY2022FY2023FY2024FY2025
Operating cash flow −5.9 0.6 −22.8 −17.5
Capital expenditure −0.0 −0.0 −0.0 −0.0
Free cash flow −6.0 0.6 −22.8 −17.6
Growth −4,097.6%
Buybacks n/a n/a n/a −31.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash1.4Total debt2.1Net cash (debt)−0.7Shareholders’ equity3.0Debt to equity0.69Fiscal year 2023Cash2.5Total debt2.1Net cash (debt)0.4Shareholders’ equity−9.4Fiscal year 2024Cash1.4Total debt0.0Net cash (debt)1.4Shareholders’ equity2.1Debt to equity0.00Fiscal year 2025Cash28.5Shareholders’ equity2,419.0
FY2022FY2023FY2024FY2025
Cash 1.4 2.5 1.4 28.5
Total debt 2.1 2.1 0.0 n/a
Net cash (debt) −0.7 0.4 1.4 n/a
Shareholders’ equity 3.0 −9.4 2.1 2,419.0
Debt to equity 0.69 n/a 0.00 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
37.7% 30.9% 24.7% n/a
−409.3% −179.6% −130.1% −2,616.0%
−404.3% −226.8% −122.2% −2,614.4%
−436.5% −287.6% 275.8% −2,618.4%
−170.5% 11.5% −623.0% −62.6%
Spending
311.6% 160.7% 154.8% 151.1%
0.4% 0.2% 0.1% 0.0%
Returns
−510.1% n/a 485.1% −30.4%
−23.4% −20.0% 392.8% −30.2%
Balance and payout
0.69 n/a 0.00 n/a
95.4% 113.2% 19.0% 0.5%