Sharplink Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sharplink Inc has an operating margin of -130.1%, meaning the company retains $-130 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -179.6% the prior year.
Sharplink Inc's revenue declined 26.1% year-over-year, from $5.0M to $3.7M. This contraction results in a growth score of 0/100.
Sharplink Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.23, Sharplink Inc holds $5.23 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Sharplink Inc generated -$22.8M in operating cash flow, capex of $2K consumed most of it, leaving -$22.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Sharplink Inc earns a strong 484.9% return on equity (ROE), meaning it generates $485 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
Sharplink Inc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Sharplink Inc generates $-2.26 in operating cash flow (-$22.8M OCF vs $10.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Sharplink Inc earns $-14.7 in operating income for every $1 of interest expense (-$4.8M vs $325K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Sharplink Inc (SBET) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Key Financial Metrics
Sharplink Inc generated $3.7M in revenue in fiscal year 2024. This represents a decrease of 26.1% from the prior year.
Sharplink Inc's EBITDA was -$4.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 45.9% from the prior year.
Sharplink Inc generated -$22.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 4097.7% from the prior year.
Sharplink Inc reported $10.1M in net income in fiscal year 2024. This represents an increase of 170.9% from the prior year.
Sharplink Inc earned $2.29 per diluted share (EPS) in fiscal year 2024. This represents an increase of 144.3% from the prior year.
Sharplink Inc held $1.4M in cash against $0 in long-term debt as of fiscal year 2024.
Sharplink Inc had 407,287 shares outstanding in fiscal year 2024. This represents a decrease of 85.8% from the prior year.
Sharplink Inc's gross margin was 24.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 6.2 percentage points from the prior year.
Sharplink Inc's operating margin was -130.1% in fiscal year 2024, reflecting core business profitability. This is up 49.5 percentage points from the prior year.
Sharplink Inc's net profit margin was 275.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 563.4 percentage points from the prior year.
Sharplink Inc's ROE was 484.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Sharplink Inc invested $2K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 85.8% from the prior year.
SBET Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.8M+1455.1% | $697K-6.0% | $742K-9.9% | $823K-16.1% | $981K+0.5% | $976K-5.0% | $1.0M-23.9% | $1.3M |
| Cost of Revenue | N/A | $488K-20.0% | $610K-7.2% | $657K-6.3% | $701K+1.8% | $689K+1.8% | $677K-29.4% | $959K |
| Gross Profit | N/A | $209K+58.6% | $132K-20.7% | $166K-40.6% | $280K-2.5% | $287K-18.1% | $351K-10.3% | $391K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $12.0M+416.3% | $2.3M+120.7% | $1.1M-14.9% | $1.2M-16.3% | $1.5M-24.7% | $2.0M-0.6% | $2.0M+10.5% | $1.8M |
| Operating Income | $104.9M+201.5% | -$103.4M-11069.7% | -$926K+14.0% | -$1.1M+10.7% | -$1.2M+28.5% | -$1.7M+58.9% | -$4.1M-191.8% | -$1.4M |
| Interest Expense | N/A | N/A | N/A | $0-100.0% | $324-99.9% | $324K-10.1% | $360K+13.0% | $319K |
| Income Tax | $792K+2803.9% | $27K+871.7% | $3K+105.0% | -$56K-229.3% | $43K+659.7% | $6K+129.4% | -$19K-6252.5% | $314 |
| Net Income | $104.3M+200.8% | -$103.4M-10508.5% | -$975K-8.0% | -$903K-95.0% | -$463K-103.7% | $12.4M+340.8% | -$5.1M-80.0% | -$2.8M |
| EPS (Diluted) | $0.62+114.5% | $-4.27 | $-1.84 | $-33.65 | $-1.35-103.3% | $40.31+2199.5% | $-1.92-92.0% | $-1.00 |
SBET Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.1B+577.0% | $453.9M+16241.1% | $2.8M+8.0% | $2.6M-31.7% | $3.8M-30.3% | $5.4M-92.4% | $71.3M | N/A |
| Current Assets | $40.0M+320.5% | $9.5M+320.2% | $2.3M-11.4% | $2.6M-31.7% | $3.7M-30.4% | $5.4M-92.4% | $71.1M | N/A |
| Cash & Equivalents | $11.1M+119.4% | $5.1M+268.9% | $1.4M-4.3% | $1.4M-41.0% | $2.4M-39.3% | $4.0M+61.4% | $2.5M-8.0% | $2.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $339K+24.7% | $272K-15.8% | $323K+21.9% | $265K-19.7% | $330K-9.4% | $364K-12.3% | $415K0.0% | $415K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.6M+228.2% | $1.4M+101.0% | $693K+41.9% | $488K-51.3% | $1.0M-60.6% | $2.5M-96.8% | $80.7M | N/A |
| Current Liabilities | $4.6M+228.2% | $1.4M+101.0% | $693K+41.9% | $488K-51.3% | $1.0M-60.6% | $2.5M-96.8% | $79.2M | N/A |
| Long-Term Debt | N/A | N/A | N/A | $0 | $0 | N/A | $1.4M | N/A |
| Total Equity | $3.1B+578.1% | $452.5M+21607.6% | $2.1M+0.1% | $2.1M-24.6% | $2.8M-3.2% | $2.9M+130.3% | -$9.4M-110.6% | -$4.5M |
| Retained Earnings | -$77.9M+57.2% | -$182.2M-131.3% | -$78.8M-1.3% | -$77.8M-2.4% | -$76.0M-0.6% | -$75.6M+14.0% | -$87.9M | N/A |
SBET Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.3M-286.1% | -$1.6M-216.0% | -$514K+59.5% | -$1.3M+23.6% | -$1.7M+91.4% | -$19.3M-242.7% | -$5.6M-130.8% | $18.3M |
| Capital Expenditures | $5K | N/A | N/A | $0 | $0-100.0% | $2K+85850.0% | $2-99.8% | $1K |
| Free Cash Flow | -$6.3M | N/A | N/A | -$1.3M+23.6% | -$1.7M+91.4% | -$19.3M-242.7% | -$5.6M-130.8% | $18.3M |
| Investing Cash Flow | -$2.5B-515.6% | -$405.8M-81063.8% | -$500K | $0 | $0+100.0% | -$18.7M-9865.3% | -$188K+50.1% | -$376K |
| Financing Cash Flow | $2.5B+510.7% | $411.1M+45217.1% | $907K+13.7% | $798K+1018.1% | $71K+100.4% | -$18.2M-1049.3% | $1.9M-45.0% | $3.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SBET Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 30.0%+12.2pp | 17.8%-2.4pp | 20.2%-8.4pp | 28.5%-0.9pp | 29.4%-4.7pp | 34.1%+5.2pp | 28.9% |
| Operating Margin | 967.6%+15793.6pp | -14826.0%-14701.2pp | -124.8%+5.9pp | -130.7%-7.9pp | -122.8%+49.9pp | -172.6%+226.3pp | -399.0%-294.9pp | -104.1% |
| Net Margin | 961.6%+15793.7pp | -14832.1%-14700.6pp | -131.4%-21.8pp | -109.6%-62.4pp | -47.2%-1312.7pp | 1265.5%+1764.8pp | -499.3%-288.2pp | -211.2% |
| Return on Equity | 3.4% | N/A | N/A | N/A | N/A | 433.0% | N/A | N/A |
| Return on Assets | 3.4%+26.2pp | -22.8%+12.3pp | -35.1%+0.0pp | -35.1%-22.8pp | -12.3%-241.2pp | 228.8%+236.1pp | -7.2% | N/A |
| Current Ratio | 8.75+1.9 | 6.83+3.6 | 3.27-2.0 | 5.23+1.5 | 3.73+1.6 | 2.11+1.2 | 0.90 | N/A |
| Debt-to-Equity | 0.000.0 | 0.00-0.3 | 0.33+0.3 | 0.000.0 | 0.00-0.9 | 0.89+1.0 | -0.15 | N/A |
| FCF Margin | -57.9% | N/A | N/A | -154.0%+15.1pp | -169.2%+1808.1pp | -1977.2%-1429.1pp | -548.2%-1901.2pp | 1353.0% |
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Frequently Asked Questions
What is Sharplink Inc's annual revenue?
Sharplink Inc (SBET) reported $3.7M in total revenue for fiscal year 2024. This represents a -26.1% 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 Sharplink Inc's revenue growing?
Sharplink Inc (SBET) revenue declined by 26.1% year-over-year, from $5.0M to $3.7M in fiscal year 2024.
Is Sharplink Inc profitable?
Yes, Sharplink Inc (SBET) reported a net income of $10.1M in fiscal year 2024, with a net profit margin of 275.8%.
What is Sharplink Inc's earnings per share (EPS)?
Sharplink Inc (SBET) reported diluted earnings per share of $2.29 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Sharplink Inc's EBITDA?
Sharplink Inc (SBET) had EBITDA of -$4.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sharplink Inc have?
As of fiscal year 2024, Sharplink Inc (SBET) had $1.4M in cash and equivalents against $0 in long-term debt.
What is Sharplink Inc's gross margin?
Sharplink Inc (SBET) had a gross margin of 24.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sharplink Inc's operating margin?
Sharplink Inc (SBET) had an operating margin of -130.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Sharplink Inc's net profit margin?
Sharplink Inc (SBET) had a net profit margin of 275.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Sharplink Inc's return on equity (ROE)?
Sharplink Inc (SBET) has a return on equity of 484.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sharplink Inc's free cash flow?
Sharplink Inc (SBET) generated -$22.8M in free cash flow during fiscal year 2024. This represents a -4097.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sharplink Inc's operating cash flow?
Sharplink Inc (SBET) generated -$22.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sharplink Inc's total assets?
Sharplink Inc (SBET) had $2.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Sharplink Inc's capital expenditures?
Sharplink Inc (SBET) invested $2K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Sharplink Inc have outstanding?
Sharplink Inc (SBET) had 407,287 shares outstanding as of fiscal year 2024.
What is Sharplink Inc's current ratio?
Sharplink Inc (SBET) had a current ratio of 5.23 as of fiscal year 2024, which is generally considered healthy.
What is Sharplink Inc's debt-to-equity ratio?
Sharplink Inc (SBET) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sharplink Inc's return on assets (ROA)?
Sharplink Inc (SBET) had a return on assets of 392.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sharplink Inc's cash runway?
Based on fiscal year 2024 data, Sharplink Inc (SBET) had $1.4M in cash against an annual operating cash burn of $22.8M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Sharplink Inc's Piotroski F-Score?
Sharplink Inc (SBET) has a Piotroski F-Score of 6 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sharplink Inc's earnings high quality?
Sharplink Inc (SBET) has an earnings quality ratio of -2.26x, considered low quality (accrual-driven). 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 Sharplink Inc cover its interest payments?
Sharplink Inc (SBET) has an interest coverage ratio of -14.7x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is Sharplink Inc?
Sharplink Inc (SBET) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.