Sharplink (SBET)
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SharpLink, Inc. is a publicly traded company with operations spanning digital asset treasury management and performance marketing for the online sports betting and casino industry. The company is notable for adopting Ether, the native asset of the Ethereum network, as its primary treasury reserve asset, positioning its balance sheet strategy around programmable finance and blockchain-based capital markets.
Through its ETH Treasury Management segment, SharpLink focuses on holding and managing Ethereum-related assets as a corporate treasury strategy. This gives the company direct exposure to Ethereum, a major blockchain platform used for smart contracts, decentralized finance, tokenized assets, and other Web3 applications. The approach differentiates SharpLink from traditional operating companies because a significant part of its business profile is linked to the value, custody, and management of a digital asset reserve.
SharpLink also operates an affiliate marketing business serving sportsbook and online casino partners. This part of the company provides fan activation and customer acquisition solutions, helping gaming operators reach, engage, and convert sports fans and online bettors. Its marketing services are tied to the broader regulated iGaming and sports wagering market, where operators compete heavily for users across digital channels.
The company reports two segments: ETH Treasury Management and Affiliate Marketing, with the treasury activity representing the larger contributor under its current reporting structure. SharpLink operates in the United States and international markets. Its investment case is therefore shaped by two distinct themes: the adoption and market performance of Ethereum, and the commercial development of digital sports betting and casino marketing services.
Last updated
- Market Cap
- 1.15B
- P/E
- —
- P/FCF
- —
- P/S
- 29.1
- Enterprise Value
- 1.13B
- Sector
- —
- Industry
- —
- Address
- 200 S. BISCAYNE BOULEVARD, MIAMI, FL, 33131
Sharplink Reports Full Year 2025 Financial and Operating Results
Analysts Think These Stocks Could More Than Double
Longer-Term Forecasts for Litecoin are More Optimistic with Bullish Expectations Suggested
SharpLink Reports Second Quarter 2025 Results; Now Holds 728,804 ETH in Total
CoinEx Research July 2025 Report: GENIUS Signed Bitcoin ReACTs
SharpLink Welcomes BlackRock Digital Assets Pioneer Joseph Chalom as Newly Appointed Co-CEO
SharpLink Gaming Announces 2023 Year-End Results
SharpLink Gaming Announces Board and Audit Committee Changes
SharpLink Gaming Regains Full Compliance with Nasdaq Continued Listing Standards
SharpLink Gaming Announces Third Quarter 2023 Financial Results
SharpLink Gaming to Host Third Quarter 2023 Results Webcast on Wednesday, November 15, 2023 at 11:00 AM ET
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SharpLink Gaming Welcomes New Chief Financial Officer to Executive Leadership Team
SharpLink Gaming Announces 2022 Annual General Meeting of Shareholders
SharpLink Gaming CEO Rob Phythian Invited to Speak at SBC Summit North America 2022 This Week at the Meadowlands
Sharplink Gaming Names Sports Betting Industry Veteran Tom Masterman as New Vice President, Revenue
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SharpLink Gaming Teams with Quintar to Integrate C4 Sports Betting Conversion Technology with Immersive AR-Enabled Metaverse Experiences for Sports Fans
SharpLink Gaming Announces Partnership with WPT Global™ to Drive Players to New WPT Global Online Gaming Platform
SharpLink Gaming to Host Corporate Update Webcast on Tuesday, May 17, 2022 at 11:30 AM ET
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 1.15B
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 1.13B
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 0.66
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 29.1
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -37.55
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 28.67
- EPS
- -7.2
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- -27.68M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -81.63%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -81.37%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 3.32
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 3.32
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 3.1
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 7.35M
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 5.81
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 12.06M | 15.77M | 10.84M | 697.29K | 742K |
| Gross profit | 12.06M | 15.77M | 10.84M | 209.09K | 742K |
| Operating income | -189.92M | -151.76M | -1.76M | -106.32M | -926K |
| EBITDA | 1.75M | -11.55M | -1.76M | -18.5M | -924K |
| Net income | -685.56M | -734.46M | 104.27M | -103.42M | -975K |
| Basic EPS | -3.25 | -7.37 | 0.7 | -4.27 | -1.84 |
| Diluted EPS | -3.25 | -7.37 | 0.62 | -4.27 | -1.84 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 1.74B | 2.43B | 3.07B | 453.91M | 2.78M |
| Total liabilities | 5.44M | 12.75M | 4.57M | 1.39M | 693.11K |
| Total equity | 1.74B | 2.42B | 3.07B | 452.52M | 2.08M |
| Cash & equivalents | 16.88M | 28.54M | 11.13M | 5.07M | 1.37M |
| Current assets | 18.03M | 31.15M | 40M | 9.51M | 2.26M |
| Current liabilities | 5.44M | 12.75M | 4.57M | 1.39M | 692.18K |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -10.65M | -9.13M | -6.27M | -1.62M | -514K |
| Investing cash flow | 1.88M | -49.62M | -2.5B | -405.82M | -500K |
| Financing cash flow | -2.9M | 76.15M | 2.51B | 411.11M | 907K |
| Change in cash | -11.66M | 17.4M | 6.08M | 3.67M | -107K |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — Sharplink, Inc. | View Filing | |
| edgar index | 4 — Sharplink, Inc. | View Filing | |
| edgar index | 4 — Sharplink, Inc. | View Filing | |
| edgar index | 3 — Sharplink, Inc. | View Filing | |
| form 3 | Form 3 — Perez Dana Eschenburg | View Filing | |
| form 3 | Form 3 — Perez Dana Eschenburg | View Filing | |
| form 4 | Form 4 — GUTKOWSKI ROBERT M | View Filing | |
| form 4 | Form 4 — Bernhard Leslie | View Filing | |
| form 4 | Form 4 — MCKENZIE OBIE | View Filing | |
| edgar index | 8-K — Sharplink, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 10-Q — Sharplink, Inc. | View Filing | |
| edgar index | 4 — Sharplink, Inc. | View Filing | |
| edgar index | SCHEDULE 13D/A — Sharplink, Inc. | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| form 4 | Form 4 — Lubin Joseph Michael | View Filing | |
| edgar index | 8-K — Sharplink, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — GUTKOWSKI ROBERT M | View Filing | |
| form 4 | Form 4 — Bernhard Leslie | View Filing | |
| form 4 | Form 4 — MCKENZIE OBIE | View Filing | |
| edgar index | 8-K — Sharplink, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | DEF 14A — Sharplink, Inc. | View Filing | |
| edgar index | ARS — Sharplink, Inc. | View Filing | |
| edgar index | 10-K — Sharplink, Inc. | View Filing | |
| edgar index | 8-K — Sharplink, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 8-K — Sharplink, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Sharplink, Inc. | View Filing | |
| edgar index | 4 — Sharplink, Inc. | View Filing | |
| form 4 | Form 4 — Chalom Joseph | View Filing | |
| form 4 | Form 4 — DeLucia Robert Michael | View Filing | |
| edgar index | SCHEDULE 13G — Sharplink, Inc. | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 4 — SharpLink Gaming, Inc. | View Filing | |
| form 4 | Form 4 — Chalom Joseph | View Filing | |
| form 4 | Form 4 — DeLucia Robert Michael | View Filing | |
| edgar index | 144 — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K/A — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 10-Q — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 424B5 — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| form 4 | Form 4 — GUTKOWSKI ROBERT M | View Filing | |
| form 4 | Form 4 — Bernhard Leslie | View Filing | |
| form 4 | Form 4 — MCKENZIE OBIE | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing | |
| edgar index | 8-K — SharpLink Gaming, Inc. | View Filing |