Symbols / SBET $8.21 +0.06%
SBET Chart
About
Sharplink, Inc. engages in the digital asset treasury business in the United States and internationally. The company operates as an institutional-grade Ethereum treasury platform. It operates in two segments, Ether (ETH) Treasury Management and Affiliate Marketing. The ETH Treasury Management segment focuses on the accumulation and active management of ETH as a long-term treasury asset. Its activities include native and liquid staking arrangements executed within a governance, custody, and risk management framework. The Affiliate Marketing segment provides performance-based customer acquisition services to sportsbook and online casino gaming operators. It also drives user traffic and player acquisition for licensed gaming operators through PAS.net, an international affiliate network, as well as a portfolio of U.S. state-specific digital properties. The company was formerly known as SharpLink Gaming, Inc. and changed its name to Sharplink, Inc. in February 2026. The company was founded in 2019 and is headquartered in Miami, Florida.
Fundamentals
Scroll to Statements| Sector | Financial Services | Industry | Capital Markets | Market Cap | 1.61B |
| Enterprise Value | 1.59B | Income | -734.52M | Sales | 28.05M |
| Book/sh | 12.30 | Cash/sh | 0.14 | Dividend Yield | — |
| Payout | 0.00% | Employees | 15 | IPO | — |
| P/E | — | Forward P/E | 4.12 | PEG | — |
| P/S | 57.53 | P/B | 0.67 | P/C | — |
| EV/EBITDA | -2.16 | EV/Sales | 56.61 | Quick Ratio | 2.26 |
| Current Ratio | 2.44 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | -2.98 | EPS next Y | 1.99 | EPS Growth | — |
| Revenue Growth | 18.16% | Earnings | 2026-05-14 | ROA | -37.69% |
| ROE | -60.68% | ROIC | — | Gross Margin | 93.22% |
| Oper. Margin | -46.57% | Profit Margin | 0.00% | Shs Outstand | 196.69M |
| Shs Float | 196.74M | Short Float | 14.09% | Short Ratio | 3.74 |
| Short Interest | — | 52W High | 124.12 | 52W Low | 2.28 |
| Beta | 11.95 | Avg Volume | 7.36M | Volume | 1.86M |
| Target Price | $19.08 | Recom | Strong_buy | Prev Close | $8.20 |
| Price | $8.21 | Change | 0.06% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$19.08
Mean price target
2. Current target
$8.38
Latest analyst target
3. DCF / Fair value
$-38.23
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$8.38
Low
$10.00
High
$40.00
Mean
$19.08
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-17 | main | Canaccord Genuity | Buy → Buy | $16 |
| 2026-03-11 | main | Citizens | Market Outperform → Market Outperform | $40 |
| 2026-02-23 | main | B. Riley Securities | Buy → Buy | $10 |
| 2026-01-29 | init | Canaccord Genuity | — → Buy | $16 |
| 2026-01-05 | init | Cantor Fitzgerald | — → Overweight | $15 |
| 2025-11-18 | main | B. Riley Securities | Buy → Buy | $19 |
| 2025-10-31 | init | Bernstein | — → Outperform | $24 |
| 2025-10-16 | init | B. Riley Securities | — → Buy | $32 |
| 2025-10-16 | init | JMP Securities | — → Market Outperform | $50 |
- Canaccord Genuity Group Reiterates "Buy" Rating for Sharplink Gaming (NASDAQ:SBET) - MarketBeat ue, 17 Mar 2026 13
- Sharplink (SBET) Valuation Check After Recent Share Price Rebound And Deep Discount To Book Value - simplywall.st hu, 12 Mar 2026 03
- Crypto firm Sharplink now holds $1.72B in Ether and hires ex-Forbes editor - Stock Titan hu, 19 Feb 2026 08
- How Sharplink’s Massive Ethereum Treasury Pivot and 2025 Loss Will Impact Sharplink (SBET) Investors - Yahoo Finance hu, 12 Mar 2026 04
- What Is SharpLink Gaming (SBET): The ETH Treasury Giant - CoinGecko Wed, 11 Mar 2026 07
- SharpLink Gaming: Now An 'Underpriced Ethereum Wrapper' - Seeking Alpha Fri, 31 Oct 2025 07
- SBET Stock To $40? - Forbes Mon, 25 Aug 2025 07
- Gambling.com vs SharpLink Gaming: Sports Betting Stocks Compared - 24/7 Wall St. ue, 10 Mar 2026 11
- $SBET stock is down 8% today. Here's what we see in our data. - Quiver Quantitative ue, 20 Jan 2026 08
- Sharplink Gaming (NASDAQ:SBET) Shares Gap Up - What's Next? - MarketBeat Fri, 13 Mar 2026 15
- Sharplink becomes No. 2 publicly traded ETH holder, doubles ETH per share - Stock Titan Mon, 09 Mar 2026 12
- SBET Stock Continues to Tumble: Will SharpBet’s $75M ETH Bid Boost SBET Price? - Yahoo Finance ue, 21 Oct 2025 07
- SharpLink Vs. Bitmine: Why I Prefer A $1.5B Buyback Over 50 Billion Shares Of Dilution - Seeking Alpha ue, 06 Jan 2026 08
- Sharplink Gaming (NASDAQ:SBET) Trading 8.6% Higher - What's Next? - MarketBeat Mon, 16 Mar 2026 17
- SharpLink Gaming (SBET): Reassessing Valuation After Recent Share Price Rebound and Crypto-Staking Expansion - Yahoo Finance Sun, 07 Dec 2025 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 87549 | — | — | Stock Award(Grant) at price 0.00 per share. | DELUCIA ROBERT MICHAEL | Chief Financial Officer | — | 2026-01-08 00:00:00 | D |
| 1 | 291829 | — | — | Stock Award(Grant) at price 0.00 per share. | CHALOM JOSEPH | Chief Executive Officer | — | 2026-01-08 00:00:00 | D |
| 2 | 18334 | 351503.0 | — | Sale at price 19.17 per share. | GUTKOWSKI ROBERT M | Director | — | 2025-08-18 00:00:00 | D |
| 3 | 18334 | 351400.0 | — | Sale at price 19.17 per share. | BERNHARD LESLIE | Director | — | 2025-08-18 00:00:00 | D |
| 4 | 18334 | 351395.0 | — | Sale at price 19.17 per share. | MCKENZIE OBIE | Director | — | 2025-08-18 00:00:00 | D |
| 5 | 31665 | — | — | Stock Award(Grant) at price 0.00 per share. | GUTKOWSKI ROBERT M | Director | — | 2025-07-24 00:00:00 | D |
| 6 | 31665 | — | — | Stock Award(Grant) at price 0.00 per share. | BERNHARD LESLIE | Director | — | 2025-07-24 00:00:00 | D |
| 7 | 31665 | — | — | Stock Award(Grant) at price 0.00 per share. | MCKENZIE OBIE | Director | — | 2025-07-24 00:00:00 | D |
| 8 | 5556 | — | — | Stock Award(Grant) at price 0.00 per share. | GUTKOWSKI ROBERT M | Director | — | 2025-06-30 00:00:00 | D |
| 9 | 5556 | — | — | Stock Award(Grant) at price 0.00 per share. | GUTKOWSKI ROBERT M | Director | — | 2025-06-30 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -4.14M | -7.51M | -8.36M | -33.26M |
| TotalUnusualItems | 0.00 | -2.46M | -4.73M | 0.00 |
| TotalUnusualItemsExcludingGoodwill | 0.00 | -2.46M | -4.73M | 0.00 |
| NetIncomeFromContinuingOperationNetMinorityInterest | -4.47M | -11.25M | -14.10M | -33.47M |
| ReconciledDepreciation | 12.10K | 107.41K | 912.25K | 206.25K |
| ReconciledCostOfRevenue | 2.76M | 3.42M | 2.17M | 2.94M |
| EBITDA | -4.14M | -9.98M | -13.09M | -33.26M |
| EBIT | -4.15M | -10.08M | -14.00M | -33.47M |
| NetInterestIncome | -264.23K | -1.10M | -75.76K | 29.05K |
| InterestExpense | 324.52K | 1.15M | 109.17K | 0.00 |
| InterestIncome | 60.29K | 53.49K | 33.40K | 29.05K |
| NormalizedIncome | -4.47M | -8.78M | -9.37M | -33.47M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 10.10M | -14.24M | -15.23M | -55.64M |
| TotalExpenses | 8.43M | 11.38M | 13.05M | 36.13M |
| TotalOperatingIncomeAsReported | -4.76M | -8.89M | -14.28M | -33.49M |
| DilutedAverageShares | 337.25K | 230.08K | 207.33K | 119.17K |
| BasicAverageShares | 286.94K | 230.08K | 207.33K | 119.17K |
| DilutedEPS | 27.48 | -62.04 | -73.56 | -472.80 |
| BasicEPS | 35.16 | -62.04 | -73.56 | -472.80 |
| DilutedNIAvailtoComStockholders | 10.10M | -14.24M | -15.23M | -56.42M |
| NetIncomeCommonStockholders | 10.10M | -14.24M | -15.23M | -56.42M |
| OtherunderPreferredStockDividend | 0.00 | 373.56K | ||
| PreferredStockDividends | 8.86K | 406.82K | ||
| NetIncome | 10.10M | -14.24M | -15.23M | -55.64M |
| NetIncomeIncludingNoncontrollingInterests | 10.10M | -14.24M | -15.23M | -55.64M |
| NetIncomeDiscontinuousOperations | 14.57M | -2.99M | -1.14M | -22.17M |
| NetIncomeContinuousOperations | -4.47M | -11.25M | -14.10M | -33.47M |
| TaxProvision | -232.00 | 15.71K | -12.96K | 4.17K |
| PretaxIncome | -4.47M | -11.23M | -14.11M | -33.47M |
| OtherIncomeExpense | 553.33K | -3.71M | -4.48M | -26.17M |
| OtherNonOperatingIncomeExpenses | 553.33K | -1.24M | 250.00K | |
| SpecialIncomeCharges | 0.00 | -2.46M | -4.73M | 0.00 |
| ImpairmentOfCapitalAssets | 0.00 | 2.46M | 4.73M | 0.00 |
| RestructuringAndMergernAcquisition | 0.00 | 4.45M | ||
| NetNonOperatingInterestIncomeExpense | -264.23K | -1.10M | -75.76K | 29.05K |
| InterestExpenseNonOperating | 324.52K | 1.15M | 109.17K | 0.00 |
| InterestIncomeNonOperating | 60.29K | 53.49K | 33.40K | 29.05K |
| OperatingIncome | -4.76M | -6.43M | -9.56M | -33.49M |
| OperatingExpense | 5.67M | 7.96M | 10.87M | 33.20M |
| OtherOperatingExpenses | 23.30M | |||
| SellingGeneralAndAdministration | 5.67M | 7.96M | 10.87M | 9.89M |
| GeneralAndAdministrativeExpense | 29.76M | |||
| OtherGandA | 29.76M | |||
| GrossProfit | 906.27K | 1.53M | 1.32M | -299.36K |
| CostOfRevenue | 2.76M | 3.42M | 2.17M | 2.94M |
| TotalRevenue | 3.66M | 4.95M | 3.49M | 2.64M |
| OperatingRevenue | 3.66M | 4.95M | 3.49M | 2.64M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 7.00 | 7.00 | 7.00 | 7.00 |
| OrdinarySharesNumber | 407.29K | 238.64K | 223.99K | 186.34K |
| ShareIssued | 407.29K | 238.65K | 224.00K | 186.35K |
| NetDebt | 10.32M | 1.30M | ||
| TotalDebt | 12.81M | 2.68M | 165.52K | |
| TangibleBookValue | 2.07M | -9.57M | 529.06K | 5.13M |
| InvestedCapital | 2.08M | 3.41M | 5.67M | 14.19M |
| WorkingCapital | 2.07M | -8.14M | -5.00M | 3.63M |
| NetTangibleAssets | 2.07M | -9.57M | 532.89K | 5.13M |
| CapitalLeaseObligations | 241.11K | 165.52K | ||
| CommonStockEquity | 2.08M | -9.40M | 2.98M | 14.19M |
| PreferredStockEquity | 2.00 | 3.94K | 3.82K | 3.59K |
| TotalCapitalization | 2.08M | -7.97M | 5.05M | 14.19M |
| TotalEquityGrossMinorityInterest | 2.08M | -9.40M | 2.99M | 14.19M |
| StockholdersEquity | 2.08M | -9.40M | 2.99M | 14.19M |
| TreasuryStock | 29.00K | 29.00K | 29.00K | 29.00K |
| RetainedEarnings | -77.81M | -87.86M | -73.57M | -58.33M |
| AdditionalPaidInCapital | 79.92M | 77.91M | 76.04M | 72.10M |
| CapitalStock | 463.00 | 576.71K | 541.55K | 450.94K |
| CommonStock | 461.00 | 572.77K | 537.73K | 447.35K |
| PreferredStock | 2.00 | 3.94K | 3.82K | 3.59K |
| TotalLiabilitiesNetMinorityInterest | 488.30K | 80.68M | 62.06M | 6.37M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 0.00 | 1.43M | 3.15M | 507.81K |
| OtherNonCurrentLiabilities | 1.00 | 366.00K | ||
| LiabilitiesHeldforSaleNonCurrent | 0.00 | 1.08M | 365.98K | |
| PreferredSecuritiesOutsideStockEquity | 0.00 | |||
| NonCurrentDeferredLiabilities | 0.00 | 7.16K | 6.21K | 5.58K |
| NonCurrentDeferredTaxesLiabilities | 0.00 | 7.16K | 6.21K | 5.58K |
| LongTermDebtAndCapitalLeaseObligation | 1.42M | 2.06M | 136.26K | |
| LongTermCapitalLeaseObligation | 210.04K | 136.26K | ||
| LongTermDebt | 1.42M | 2.06M | ||
| CurrentLiabilities | 488.30K | 79.25M | 58.91M | 5.86M |
| OtherCurrentLiabilities | 10.02K | 66.40M | 56.82M | 3.33M |
| CurrentDeferredLiabilities | 44.34M | 308.06K | ||
| CurrentDeferredRevenue | 44.34M | 308.06K | ||
| CurrentDebtAndCapitalLeaseObligation | 11.39M | 620.17K | 29.27K | |
| CurrentCapitalLeaseObligation | 31.07K | 29.27K | ||
| CurrentDebt | 11.39M | 620.17K | ||
| OtherCurrentBorrowings | 5.04M | 620.17K | ||
| LineOfCredit | 0.00 | 6.35M | 0.00 | 0.00 |
| PensionandOtherPostRetirementBenefitPlansCurrent | 58.28K | 305.75K | 208.96K | 117.37K |
| PayablesAndAccruedExpenses | 420.00K | 1.16M | 1.26M | 2.07M |
| CurrentAccruedExpenses | 138.61K | 323.89K | 568.26K | 473.03K |
| InterestPayable | 0.00 | 48.88K | 0.00 | 0.00 |
| Payables | 281.39K | 834.06K | 689.16K | 1.60M |
| OtherPayable | 691.52K | |||
| DuetoRelatedPartiesCurrent | 0.00 | 93.95K | ||
| AccountsPayable | 281.39K | 834.06K | 689.16K | 813.62K |
| TotalAssets | 2.57M | 71.28M | 65.05M | 20.56M |
| TotalNonCurrentAssets | 16.52K | 176.90K | 11.13M | 11.07M |
| OtherNonCurrentAssets | 8.66M | 1.59M | ||
| NonCurrentPrepaidAssets | 284.00K | |||
| InvestmentsAndAdvances | 200.00K | 200.00K | ||
| GoodwillAndOtherIntangibleAssets | 13.16K | 168.11K | 2.45M | 9.06M |
| OtherIntangibleAssets | 13.16K | 168.11K | 838.46K | 5.55M |
| Goodwill | 0.00 | 1.62M | 3.51M | |
| NetPPE | 3.36K | 8.79K | 21.88K | 220.63K |
| AccumulatedDepreciation | -31.91K | -24.76K | -18.44K | |
| GrossPPE | 35.27K | 33.55K | 40.32K | 220.63K |
| OtherProperties | 35.27K | 33.55K | 40.32K | 220.63K |
| CurrentAssets | 2.55M | 71.10M | 53.91M | 9.49M |
| OtherCurrentAssets | 310.18K | 383.30K | 505.90K | 217.30K |
| AssetsHeldForSaleCurrent | 269.79K | 67.81M | 51.57M | 2.10M |
| RestrictedCash | 11.13M | 0.00 | ||
| PrepaidAssets | 466.62K | |||
| Receivables | 537.95K | 427.12K | 452.87K | 1.10M |
| OtherReceivables | 273.12K | 12.00K | 12.00K | 147.91K |
| AccountsReceivable | 264.83K | 415.12K | 440.87K | 956.55K |
| AllowanceForDoubtfulAccountsReceivable | 0.00 | 0.00 | 0.00 | 0.00 |
| GrossAccountsReceivable | 264.83K | 415.12K | 440.87K | 956.55K |
| CashCashEquivalentsAndShortTermInvestments | 1.44M | 2.49M | 1.38M | 6.07M |
| CashAndCashEquivalents | 1.44M | 2.49M | 1.38M | 6.07M |
| CashFinancial | 1.44M | 2.49M | 1.38M | 6.07M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -22.82M | 296.74K | -5.97M | -6.33M |
| RepurchaseOfCapitalStock | 0.00 | |||
| RepaymentOfDebt | -13.12M | -1.04M | -549.23K | 0.00 |
| IssuanceOfDebt | 550.00K | 10.35M | 3.25M | 0.00 |
| IssuanceOfCapitalStock | 869.27K | 0.00 | 0.00 | 15.84M |
| CapitalExpenditure | -1.72K | -286.15K | -35.80K | -260.24K |
| InterestPaidSupplementalData | 485.53K | 485.53K | 109.17K | 0.00 |
| IncomeTaxPaidSupplementalData | 504.75K | 86.32K | 19.92K | 0.00 |
| EndCashPosition | 1.54M | 60.44M | 1.38M | 6.07M |
| BeginningCashPosition | 60.44M | 51.11M | 6.07M | 2.59M |
| ChangesInCash | -58.90M | 9.34M | -4.68M | 3.48M |
| CashFlowFromDiscontinuedOperation | -57.95M | -49.72M | -1.72M | |
| FinancingCashFlow | -17.38M | 9.78M | 2.68M | 15.68M |
| CashFromDiscontinuedFinancingActivities | -5.84M | 481.57K | 0.00 | 0.00 |
| CashFlowFromContinuingFinancingActivities | -11.54M | 9.30M | 2.68M | 15.68M |
| NetOtherFinancingCharges | -7.50K | -25.43K | -190.16K | |
| ProceedsFromStockOptionExercised | 159.89K | 0.00 | 0.00 | 24.26K |
| CashDividendsPaid | 0.00 | |||
| NetPreferredStockIssuance | 0.00 | 6.00M | ||
| PreferredStockIssuance | 0.00 | 6.00M | ||
| NetCommonStockIssuance | 869.27K | 0.00 | 0.00 | 9.84M |
| CommonStockPayments | 0.00 | |||
| CommonStockIssuance | 869.27K | 0.00 | 0.00 | 9.84M |
| NetIssuancePaymentsOfDebt | -12.57M | 9.31M | 2.70M | 0.00 |
| NetShortTermDebtIssuance | -6.35M | 6.35M | 0.00 | |
| ShortTermDebtPayments | -6.90M | 0.00 | ||
| ShortTermDebtIssuance | 550.00K | 6.35M | 0.00 | |
| NetLongTermDebtIssuance | -6.22M | 2.96M | 2.70M | 0.00 |
| LongTermDebtPayments | -6.22M | -1.04M | -549.23K | 0.00 |
| LongTermDebtIssuance | 4.00M | 3.25M | 0.00 | |
| InvestingCashFlow | -18.71M | -1.03M | 48.30M | -4.41M |
| CashFromDiscontinuedInvestingActivities | -18.86M | -745.95K | 48.72M | 1.93M |
| CashFlowFromContinuingInvestingActivities | 148.28K | -286.15K | -419.30K | -6.34M |
| NetOtherInvestingChanges | 48.86M | 1.93M | ||
| NetBusinessPurchaseAndSale | 0.00 | -388.00K | -6.08M | |
| PurchaseOfBusiness | 0.00 | -388.00K | -6.08M | |
| NetIntangiblesPurchaseAndSale | 150.00K | 0.00 | ||
| SaleOfIntangibles | 150.00K | 0.00 | ||
| NetPPEPurchaseAndSale | 0.00 | 4.49K | 0.00 | |
| SaleOfPPE | 0.00 | 4.49K | 0.00 | |
| CapitalExpenditureReported | -1.72K | -286.15K | -35.80K | -260.24K |
| OperatingCashFlow | -22.81M | 582.89K | -5.94M | -6.07M |
| CashFromDiscontinuedOperatingActivities | -16.96M | 5.50M | 2.11M | -215.88K |
| CashFlowFromContinuingOperatingActivities | -5.86M | -4.92M | -8.05M | -5.85M |
| ChangeInWorkingCapital | -1.35M | 1.36M | -224.31K | 447.86K |
| ChangeInOtherWorkingCapital | -76.60K | -115.45K | ||
| ChangeInOtherCurrentLiabilities | 0.00 | -98.36K | ||
| ChangeInOtherCurrentAssets | 0.00 | 0.00 | ||
| ChangeInPayablesAndAccruedExpense | -1.31M | 1.34M | 37.82K | 798.03K |
| ChangeInAccruedExpense | 1.34M | 37.82K | 798.03K | |
| ChangeInPrepaidAssets | 73.11K | -6.39K | -253.84K | -203.59K |
| ChangeInReceivables | -110.83K | 25.75K | 68.32K | -48.22K |
| ChangesInAccountReceivables | 162.29K | 25.75K | 68.32K | -175.65K |
| OtherNonCashItems | 71.78K | 898.51K | -252.45K | 47.48M |
| StockBasedCompensation | 148.52K | 261.37K | 1.94M | 1.66M |
| UnrealizedGainLossOnInvestmentSecurities | -255.82K | 1.23M | 0.00 | |
| AssetImpairmentCharge | 0.00 | 2.46M | 4.73M | 0.00 |
| DeferredTax | -7.16K | -6.21K | 81.32K | 1.17K |
| DeferredIncomeTax | -7.16K | -6.21K | 81.32K | 1.17K |
| DepreciationAmortizationDepletion | 12.10K | 107.41K | 912.25K | 206.25K |
| DepreciationAndAmortization | 12.10K | 107.41K | 912.25K | 206.25K |
| OperatingGainsLosses | 12.61K | 2.59K | 2.00M | |
| GainLossOnInvestmentSecurities | 2.00M | |||
| GainLossOnSaleOfPPE | 0.00 | 12.61K | 2.59K | 0.00 |
| NetIncomeFromContinuingOperations | -4.47M | -11.25M | -15.23M | -55.64M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for SBET
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|