EBET INC (EBET) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 1, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2024, filed May 20, 2024. Each column of the statement tables below links to the filing it was taken from.
EBET INC (EBET) reported $21.0M in revenue over the twelve months to Mar 31, 2024, down 64.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
EBET’s shrinking revenue now sits beside widening operating losses, negative equity, and severe short-term balance-sheet pressure.
Revenue fell from$58.6M in FY2022 to$39.2M in FY2023 while gross margin improved, showing that deterioration was not caused by weaker reported direct margins alone. Operating margin nevertheless reached-167.7% in FY2023, indicating that expenses below gross profit expanded faster than the business contracted.
The balance sheet changed from net positive equity in FY2022 to negative equity of
Despite a net loss of
Financial Health Signals
EBET INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
EBET INC scores -30.59, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($15K) relative to total liabilities ($63.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
EBET INC passes 5 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
EBET INC reported a net loss of $84.2M while operations used $10.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
EBET INC reported an operating loss of $65.7M against $17.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
EBET INC generated $3.5M in revenue in Q2 2024. This represents a decrease of 69.6% from the same quarter a year earlier. Against the prior quarter it is down 17.8%.
EBET INC's EBITDA was -$1.6M in Q2 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 285.1% from the same quarter a year earlier. Against the prior quarter it is up 28.4%.
EBET INC reported -$5.0M in net income in Q2 2024. This represents a decrease of 25.8% from the same quarter a year earlier. Against the prior quarter it is down 32.1%.
EBET INC earned -$0.34 per diluted share (EPS) in Q2 2024. Against the prior quarter it is down 36.0%.
Cash & Balance Sheet
EBET INC held $633K in cash against $586K in long-term debt as of Q2 2024, with $70.1M of liabilities due within a year.
Not reported for Q2 2024.
Not reported for Q2 2024.
Margins & Returns
EBET INC's gross margin was 46.9% in Q2 2024, indicating the percentage of revenue retained after direct costs. This is up 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
EBET INC's operating margin was -54.6% in Q2 2024, reflecting core business profitability. This is down 46.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.
Not shown for Q2 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2024.
Capital Allocation
None of these metrics is reported for Q2 2024.
EBET Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5M-69.6% | $4.3M-70.3% | $5.2M-63.5% | $8.0M-56.1% | $11.6M-39.1% | $14.4M+101.8% | $14.3M+18023.6% | $18.2M+43832.0% |
| Cost of Revenue | $1.9M-71.6% | $2.2M-73.7% | $2.7M-68.6% | $4.2M-61.5% | $6.6M-45.1% | $8.5M+84.8% | $8.5M+65009.3% | $10.9M |
| Gross Profit | $1.7M-66.9% | $2.0M-65.3% | $2.6M-56.0% | $3.8M-48.0% | $5.0M-28.7% | $5.9M+132.7% | $5.8M+8727.8% | $7.2M+17430.0% |
| SG&A Expenses | $2.1M-37.4% | $2.7M-21.4% | $15.7M+203.4% | $3.6M-7.2% | $3.4M-37.6% | $3.4M+7.6% | $5.2M+74.0% | $3.9M+188.3% |
| Operating Income | -$1.9M-99.6% | -$2.5M-17.6% | -$27.9M-218.7% | -$34.7M-396.7% | -$964K+89.4% | -$2.2M+72.5% | -$8.7M-52.7% | -$7.0M-95.3% |
| EBITDA | -$1.6M-285.1% | -$2.2M-331.0% | -$26.2M-267.5% | -$32.9M-554.9% | $845K+113.0% | -$507K+93.3% | -$7.1M-30.3% | -$5.0M-47.0% |
| Interest Expense | $1.7M-36.6% | $1.6M-47.7% | $1.6M-64.0% | $9.8M+448.7% | $2.7M-2.8% | $3.0M+210.5% | $4.4M+1083.0% | $1.8M+386.6% |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$5.0M-25.8% | -$3.8M+49.5% | -$28.9M-146.8% | -$43.7M-387.0% | -$4.0M+66.1% | -$7.6M+14.9% | -$11.7M-91.7% | -$9.0M-126.9% |
| EPS (Basic) | -$0.34+95.5% | -$0.25+98.4% | -$29.52-644.6% | -$1.73-147.1% | -$7.60-717.2% | -$15.95-2245.6% | $5.42+148.6% | -$0.70-84.2% |
| EPS (Diluted) | -$0.34 | -$0.25 | -$29.52-644.6% | -$1.73 | -$7.60 | -$15.95 | $5.42+148.6% | -$0.70-84.2% |
| Diluted Shares (Avg) | 15M | 15M | N/A | 26M | 732,923 | 570,282 | N/A | 15M+40.7% |
Not reported in any period shown, so not listed: R&D Expenses.
EBET Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.5M-78.8% | $15.5M-78.5% | $15.1M-78.1% | $31.4M-60.4% | $68.5M-19.3% | $72.0M-23.9% | $68.9M+390.0% | $79.1M+357.5% |
| Current Assets | $2.2M-66.4% | $2.5M-73.7% | $2.3M-77.5% | $3.9M-64.1% | $6.5M-38.1% | $9.4M-43.5% | $10.2M+2.1% | $10.9M-17.2% |
| Cash & Equivalents | $633K-81.8% | $539K-90.7% | $305K-94.4% | $1.4M-79.1% | $3.5M-50.8% | $5.8M-50.5% | $5.5M-39.5% | $6.9M-44.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $552K-69.3% | $787K-61.3% | $643K-61.0% | $994K-38.6% | $1.8M+3.9% | $2.0M-21.7% | $1.6M+7513.9% | $1.6M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $9.1M-73.3% | $9.3M-72.1% | $9.0M-70.8% | $16.8M-48.6% | $34.2M-2.0% | $33.5M-5.8% | $30.7M | $32.7M |
| Total Liabilities | $70.7M+65.4% | $68.0M+34.4% | $63.5M+34.8% | $50.3M+4.7% | $42.8M-2.8% | $50.6M+19.1% | $47.1M+1137.0% | $48.0M+1964.4% |
| Current Liabilities | $70.1M+134.6% | $67.4M+76.2% | $63.0M+70.7% | $49.7M+215.6% | $29.9M+165.0% | $38.2M+248.5% | $36.9M+1002.0% | $15.8M+741.8% |
| Non-Current Liabilities | $586K-95.4% | $573K-95.4% | $560K-94.5% | $547K-98.3% | $12.9M-60.7% | $12.3M-60.8% | $10.3M+2111.0% | $32.2M+7015.3% |
| Long-Term Debt | $586K-95.4% | $573K-95.4% | $560K-94.5% | $547K-98.3% | $12.9M-60.7% | $12.3M-60.8% | $10.3M+2111.0% | $32.2M |
| Total Equity | -$56.2M-318.5% | -$52.5M-345.6% | -$48.4M-322.5% | -$18.9M-160.8% | $25.7M-37.1% | $21.4M-58.9% | $21.8M+112.3% | $31.1M+107.9% |
| Retained Earnings | -$160.0M-106.5% | -$155.0M-115.5% | -$151.2M-140.6% | -$122.2M-146.3% | -$77.5M-97.6% | -$71.9M-176.5% | -$62.8M-277.4% | -$49.6M-371.0% |
Not reported in any period shown, so not listed: Inventory.
EBET Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.4M+37.0% | -$684K+62.5% | -$2.5M-0.3% | -$308K+76.9% | -$5.4M-18.0% | -$1.8M+39.7% | -$2.4M+28.3% | -$1.3M+56.0% |
| Depreciation & Amortization | $360K-80.1% | $349K-78.8% | $1.7M+4.6% | $1.9M-5.1% | $1.8M-29.6% | $1.6M+636.7% | $1.6M+543.0% | $2.0M+1089.6% |
| Stock-Based Compensation | N/A | $241K-52.1% | N/A | N/A | N/A | $503K-64.9% | N/A | N/A |
| Investing Cash Flow | $0+100.0% | $0+100.0% | $24K+136.3% | -$133+99.9% | -$3K+97.3% | -$8K+100.0% | -$65K-20.2% | -$239K+20.0% |
| Financing Cash Flow | $2.1M-28.1% | $1.9M+95.1% | $1.6M+437.1% | -$2.0M-242.0% | $2.9M | $974K-98.4% | -$490K-3363.5% | $1.4M-89.6% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
EBET Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.9%+3.9pp | 47.7%+6.8pp | 49.0%+8.3pp | 47.3%+7.4pp | 43.1%+6.3pp | 40.9%+5.4pp | 40.7%-42.8pp | 39.9%-60.1pp |
| Operating Margin | -54.6%-46.3pp | -59.2%-44.2pp | -534.3% | -435.5% | -8.3%+39.4pp | -15.0% | -61.2% | -38.5% |
| Net Margin | -143.2% | -89.1%-36.7pp | -555.1% | -548.4% | -34.6%+27.7pp | -52.5% | -82.1% | -49.4% |
| Return on Equity | N/A | N/A | N/A | N/A | -15.6%+13.4pp | -35.4%-18.3pp | -53.9%+5.8pp | -28.9%-2.4pp |
| Return on Assets | -34.7%-28.8pp | -24.7%-14.2pp | -191.6%-174.6pp | -139.5%-128.1pp | -5.9%+8.1pp | -10.5%-1.1pp | -17.0%+26.5pp | -11.3%+11.5pp |
| Current Ratio | 0.03-0.2x | 0.04-0.2x | 0.04-0.2x | 0.08-0.6x | 0.22-0.7x | 0.25-1.3x | 0.28-2.7x | 0.69-6.4x |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.50-0.3x | 0.580.0x | 0.47+0.4x | 1.04+0.9x |
| Asset Turnover | 0.24+0.1x | 0.28+0.1x | 0.35+0.1x | 0.250.0x | 0.17-0.1x | 0.20+0.1x | 0.21+0.2x | 0.23+0.2x |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$48.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| EBET INC EBET | FY2023 | $39.2M | -$84.2M | N/A | $15K | — |
| VIP PLAY INC VIPZ | FY2026 | $184K | -$9.5M | N/A | $16.0M | — |
Where EBET INC Ranks
Frequently Asked Questions
What is EBET INC's annual revenue?
EBET INC (EBET) reported $39.2M in total revenue for fiscal year 2023. This represents a -33.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is EBET INC's revenue growing?
EBET INC (EBET) revenue declined by 33.1% year-over-year, from $58.6M to $39.2M in fiscal year 2023.
Is EBET INC profitable?
No, EBET INC (EBET) reported a net income of -$84.2M in fiscal year 2023.
What is EBET INC's EBITDA?
EBET INC (EBET) had EBITDA of -$58.7M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does EBET INC have?
As of fiscal year 2023, EBET INC (EBET) had $305K in cash and equivalents against $560K in long-term debt.
What is EBET INC's gross margin?
EBET INC (EBET) had a gross margin of 43.9% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is EBET INC's operating cash flow?
EBET INC (EBET) recorded an outflow of $10.0M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are EBET INC's total assets?
EBET INC (EBET) had $15.1M in total assets as of fiscal year 2023, including both current and long-term assets.
What is EBET INC's current ratio?
EBET INC (EBET) had a current ratio of 0.04 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is EBET INC's return on assets (ROA)?
EBET INC (EBET) had a return on assets of -557.7% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is EBET INC's P/E ratio?
EBET INC (EBET) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to March 31, 2024). The market capitalization is $15K as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is EBET INC's price-to-sales ratio?
EBET INC (EBET) trades at 0.0x sales, its market capitalization divided by revenue of $21.0M revenue, trailing 12 months to March 31, 2024. The market capitalization is $15K as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does EBET INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, EBET INC (EBET) held $305K in cash, cash equivalents and investments, and reported an operating cash outflow of $10.0M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is EBET INC's debt-to-equity ratio negative or not reported?
EBET INC (EBET) has negative shareholder equity of -$48.4M as of fiscal year 2023, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is EBET INC's Altman Z-Score?
EBET INC (EBET) has an Altman Z-Score of -30.59, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is EBET INC's Piotroski F-Score?
EBET INC (EBET) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are EBET INC's earnings high quality?
EBET INC (EBET) reported a net loss of $84.2M while operations used $10.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can EBET INC cover its interest payments?
EBET INC (EBET) reported an operating loss of $65.7M against $17.1M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.