Symbols / SBET $6.38 +3.07% Sharplink, Inc.

Financial Services • Capital Markets • United States • NCM
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 1.26B
Enterprise Value 1.19B 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 3.21 PEG —
P/S 44.84 P/B 0.52 P/C —
EV/EBITDA -1.62 EV/Sales 42.48 Quick Ratio 2.26
Current Ratio 2.44 Debt/Eq — LT Debt/Eq —
EPS (ttm) -7.37 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 197.16M
Shs Float 196.74M Short Float 12.47% Short Ratio 3.77
Short Interest — 52W High 124.12 52W Low 2.28
Beta 11.76 Avg Volume 6.92M Volume 7.54M
Target Price $19.08 Recom None Prev Close $6.19
Price $6.38 Change 3.07%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$19.08
Mean price target
2. Current target
$6.38
Latest analyst target
3. DCF / Fair value
$-38.14
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.38
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
News
RSS: Latest SBET news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 DELUCIA ROBERT MICHAEL Chief Financial Officer — 10,904 $0.00 $0
2026-03-31 DELUCIA ROBERT MICHAEL Chief Financial Officer — 2,848 $6.21 $17,696
2026-01-08 DELUCIA ROBERT MICHAEL Chief Financial Officer — 87,549 $0.00 $0
2026-01-08 CHALOM JOSEPH Chief Executive Officer — 291,829 $0.00 $0
2025-08-18 GUTKOWSKI ROBERT M Director — 18,334 $19.17 $351,503
2025-08-18 BERNHARD LESLIE Director — 18,334 $19.17 $351,400
2025-08-18 MCKENZIE OBIE Director — 18,334 $19.17 $351,395
2025-07-24 GUTKOWSKI ROBERT M Director — 31,665 $0.00 $0
2025-07-24 BERNHARD LESLIE Director — 31,665 $0.00 $0
2025-07-24 MCKENZIE OBIE Director — 31,665 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
28.05
+666.11%
3.66
-26.06%
4.95
+41.91%
3.49
Operating Revenue
28.05
+666.11%
3.66
-26.06%
4.95
+41.91%
3.49
Cost Of Revenue
1.90
-30.99%
2.76
-19.42%
3.42
+57.33%
2.17
Reconciled Cost Of Revenue
1.90
-30.99%
2.76
-19.42%
3.42
+57.33%
2.17
Gross Profit
26.15
+2786.64%
0.91
-40.89%
1.53
+16.45%
1.32
Operating Expense
58.90
+939.02%
5.67
-28.79%
7.96
-26.78%
10.87
Selling General And Administration
58.90
+939.02%
5.67
-28.79%
7.96
-26.78%
10.87
General And Administrative Expense
58.90
+939.02%
5.67
—
—
Salaries And Wages
16.51
0.00
—
—
Other Gand A
42.39
+647.79%
5.67
—
—
Other Operating Expenses
—
—
—
—
Total Expenses
60.80
+621.71%
8.43
-25.97%
11.38
-12.77%
13.05
Operating Income
-32.75
-587.57%
-4.76
+25.91%
-6.43
+32.73%
-9.56
Total Operating Income As Reported
-733.92
-15308.71%
-4.76
+46.44%
-8.89
+37.74%
-14.28
EBITDA
-733.46
-17629.30%
-4.14
+58.53%
-9.98
+23.78%
-13.09
Normalized EBITDA
-32.29
-635.10%
-4.39
+41.51%
-7.51
+10.18%
-8.36
Reconciled Depreciation
0.01
-25.00%
0.01
-88.83%
0.11
-88.23%
0.91
EBIT
-733.47
-17578.24%
-4.15
+58.85%
-10.08
+27.98%
-14.00
Total Unusual Items
-701.17
-273993.75%
0.26
+110.39%
-2.46
+47.85%
-4.73
Total Unusual Items Excluding Goodwill
-701.17
-273993.75%
0.26
+110.39%
-2.46
+47.85%
-4.73
Special Income Charges
-140.21
0.00
+100.00%
-2.46
+47.85%
-4.73
Impairment Of Capital Assets
140.21
0.00
-100.00%
2.46
-47.85%
4.73
Restructuring And Mergern Acquisition
—
—
—
0.00
Net Income
-734.59
-7373.86%
10.10
+170.90%
-14.24
+6.50%
-15.23
Pretax Income
-733.47
-16294.05%
-4.47
+60.17%
-11.23
+20.38%
-14.11
Net Non Operating Interest Income Expense
0.45
+268.68%
-0.27
+75.84%
-1.10
-1347.74%
-0.08
Interest Expense Non Operating
0.00
-100.00%
0.33
-71.75%
1.15
+953.76%
0.11
Net Interest Income
0.45
+268.68%
-0.27
+75.84%
-1.10
-1347.74%
-0.08
Interest Expense
0.00
-100.00%
0.33
-71.75%
1.15
+953.76%
0.11
Interest Income Non Operating
0.45
+645.00%
0.06
+12.16%
0.05
+60.15%
0.03
Interest Income
0.45
+645.00%
0.06
+12.16%
0.05
+60.15%
0.03
Other Income Expense
-701.17
-126664.62%
0.55
+114.94%
-3.71
+17.17%
-4.48
Other Non Operating Income Expenses
—
0.30
+123.98%
-1.24
-597.14%
0.25
Gain On Sale Of Security
-560.96
-219225.00%
0.26
—
—
Tax Provision
1.05
0.00
-100.00%
0.02
+221.25%
-0.01
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
-147.25
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-734.59
-7373.86%
10.10
+170.90%
-14.24
+6.50%
-15.23
Net Income From Continuing Operation Net Minority Interest
-734.52
-16317.43%
-4.47
+60.23%
-11.25
+20.20%
-14.10
Net Income From Continuing And Discontinued Operation
-734.59
-7373.86%
10.10
+170.90%
-14.24
+6.50%
-15.23
Net Income Continuous Operations
-734.52
-16317.43%
-4.47
+60.23%
-11.25
+20.20%
-14.10
Net Income Discontinuous Operations
-0.07
-100.49%
14.57
+586.65%
-2.99
-163.21%
-1.14
Normalized Income
-180.59
-3718.04%
-4.73
+46.15%
-8.78
+6.25%
-9.37
Net Income Common Stockholders
-734.59
-7373.86%
10.10
+170.90%
-14.24
+6.50%
-15.23
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
-7.37
-126.68%
27.62
+144.52%
-62.04
+15.66%
-73.56
Basic EPS
-7.37
-120.94%
35.20
+156.74%
-62.04
+15.66%
-73.56
Basic Average Shares
99.72
+34652.86%
0.29
+24.71%
0.23
+10.97%
0.21
Diluted Average Shares
99.72
+29467.98%
0.34
+46.58%
0.23
+10.97%
0.21
Diluted NI Availto Com Stockholders
-734.59
-7373.86%
10.10
+170.90%
-14.24
+6.50%
-15.23
Preferred Stock Dividends
—
—
—
0.01
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,431.77
+94484.44%
2.57
-96.39%
71.28
+9.59%
65.05
Current Assets
31.15
+1119.30%
2.56
-96.41%
71.10
+31.89%
53.91
Cash Cash Equivalents And Short Term Investments
30.42
+2016.98%
1.44
-42.23%
2.49
+80.08%
1.38
Cash And Cash Equivalents
28.54
+1886.01%
1.44
-42.23%
2.49
+80.08%
1.38
Cash Financial
28.54
+1886.01%
1.44
-42.23%
2.49
+80.08%
1.38
Other Short Term Investments
1.88
0.00
—
—
Receivables
0.22
-58.92%
0.54
+25.96%
0.43
-5.69%
0.45
Accounts Receivable
0.22
-16.60%
0.27
-36.16%
0.42
-5.84%
0.44
Gross Accounts Receivable
0.22
-16.60%
0.27
-36.16%
0.42
-5.84%
0.44
Allowance For Doubtful Accounts Receivable
0.00
0.00
0.00
0.00
Other Receivables
—
0.27
+2175.00%
0.01
+0.00%
0.01
Prepaid Assets
—
—
—
—
Restricted Cash
—
—
—
11.13
Assets Held For Sale Current
0.18
-32.59%
0.27
-99.60%
67.81
+31.48%
51.57
Other Current Assets
0.33
+6.13%
0.31
-19.12%
0.38
-24.24%
0.51
Total Non Current Assets
2,400.61
+15003737.50%
0.02
-90.96%
0.18
-98.41%
11.13
Net PPE
0.01
+233.33%
0.00
-65.88%
0.01
-59.82%
0.02
Gross PPE
0.01
+233.33%
0.00
-91.06%
0.03
-16.79%
0.04
Accumulated Depreciation
—
-0.03
-28.89%
-0.02
-34.26%
-0.02
Machinery Furniture Equipment
0.01
+233.33%
0.00
—
—
Other Properties
—
0.04
+5.12%
0.03
-16.79%
0.04
Goodwill And Other Intangible Assets
2,400.60
+18466084.62%
0.01
-92.27%
0.17
-93.15%
2.45
Goodwill
—
—
0.00
-100.00%
1.62
Other Intangible Assets
2,400.60
+18466084.62%
0.01
-92.27%
0.17
-79.95%
0.84
Investments And Advances
—
—
—
0.20
Non Current Prepaid Assets
—
—
—
—
Other Non Current Assets
—
—
—
8.66
Total Liabilities Net Minority Interest
12.75
+2507.16%
0.49
-99.39%
80.68
+30.01%
62.06
Current Liabilities
12.75
+2507.16%
0.49
-99.38%
79.25
+34.52%
58.91
Payables And Accrued Expenses
12.75
+2561.38%
0.48
-58.63%
1.16
-7.91%
1.26
Payables
12.75
+2561.38%
0.48
-42.57%
0.83
+21.03%
0.69
Accounts Payable
12.75
+2561.38%
0.48
-42.57%
0.83
+21.03%
0.69
Other Payable
—
—
—
—
Current Accrued Expenses
—
0.14
-57.21%
0.32
-43.00%
0.57
Pensionand Other Post Retirement Benefit Plans Current
—
0.06
-80.94%
0.31
+46.32%
0.21
Current Debt And Capital Lease Obligation
—
—
11.39
+1736.15%
0.62
Current Debt
—
—
11.39
+1736.15%
0.62
Other Current Borrowings
—
—
5.04
+712.89%
0.62
Current Capital Lease Obligation
—
—
—
0.03
Current Deferred Liabilities
—
—
—
44.34
Current Deferred Revenue
—
—
—
44.34
Other Current Liabilities
0.00
-90.00%
0.01
-99.98%
66.40
+16.85%
56.82
Total Non Current Liabilities Net Minority Interest
0.00
0.00
-100.00%
1.43
-54.51%
3.15
Liabilities Heldfor Sale Non Current
—
—
0.00
-100.00%
1.08
Long Term Debt And Capital Lease Obligation
—
—
1.42
-30.94%
2.06
Long Term Debt
—
—
1.42
-30.94%
2.06
Long Term Capital Lease Obligation
—
—
—
0.21
Non Current Deferred Liabilities
—
0.00
-100.00%
0.01
+15.29%
0.01
Non Current Deferred Taxes Liabilities
—
0.00
-100.00%
0.01
+15.29%
0.01
Other Non Current Liabilities
—
—
—
0.00
Preferred Securities Outside Stock Equity
—
—
—
—
Stockholders Equity
2,419.02
+116087.18%
2.08
+122.15%
-9.40
-414.74%
2.99
Common Stock Equity
2,419.02
+116087.18%
2.08
+122.14%
-9.40
-415.28%
2.98
Capital Stock
0.02
0.00
-100.00%
0.58
+6.49%
0.54
Common Stock
0.02
0.00
-100.00%
0.57
+6.52%
0.54
Preferred Stock
0.00
0.00
-100.00%
0.00
+2.98%
0.00
Share Issued
198.64
+48669.76%
0.41
+70.66%
0.24
+6.54%
0.22
Ordinary Shares Number
196.70
+48194.65%
0.41
+70.67%
0.24
+6.54%
0.22
Treasury Shares Number
1.94
+27692157.14%
0.00
+0.00%
0.00
+0.00%
0.00
Additional Paid In Capital
3,263.11
+3982.98%
79.92
+2.58%
77.91
+2.46%
76.04
Retained Earnings
-812.40
-944.09%
-77.81
+11.44%
-87.86
-19.43%
-73.57
Treasury Stock
31.72
+109282.76%
0.03
+0.00%
0.03
+0.00%
0.03
Total Equity Gross Minority Interest
2,419.02
+116087.18%
2.08
+122.15%
-9.40
-414.74%
2.99
Total Capitalization
2,419.02
+116087.18%
2.08
+126.11%
-7.97
-257.93%
5.05
Working Capital
18.40
+790.80%
2.07
+125.37%
-8.14
-62.88%
-5.00
Invested Capital
2,419.02
+116087.18%
2.08
-38.92%
3.41
-39.84%
5.67
Total Debt
—
—
12.81
+377.46%
2.68
Net Debt
—
—
10.32
+692.95%
1.30
Capital Lease Obligations
—
—
—
0.24
Net Tangible Assets
18.41
+789.95%
2.07
+121.62%
-9.57
-1895.48%
0.53
Tangible Book Value
18.41
+789.95%
2.07
+121.62%
-9.57
-1909.20%
0.53
Dueto Related Parties Current
—
—
—
0.00
Interest Payable
—
0.00
-100.00%
0.05
0.00
Line Of Credit
—
0.00
-100.00%
6.35
0.00
Preferred Stock Equity
—
0.00
-99.95%
0.00
+2.98%
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-17.54
+23.11%
-22.81
-4013.97%
0.58
+109.82%
-5.94
Cash Flow From Continuing Operating Activities
-17.48
-198.51%
-5.86
-19.11%
-4.92
+38.91%
-8.05
Cash From Discontinued Operating Activities
-0.06
+99.64%
-16.96
-408.37%
5.50
+160.64%
2.11
Net Income From Continuing Operations
-734.52
-16317.43%
-4.47
+60.23%
-11.25
+26.16%
-15.23
Depreciation Amortization Depletion
0.01
-25.00%
0.01
-88.83%
0.11
-88.23%
0.91
Depreciation And Amortization
0.01
-25.00%
0.01
-88.83%
0.11
-88.23%
0.91
Other Non Cash Items
-81.44
-113215.28%
0.07
-91.99%
0.90
+455.92%
-0.25
Stock Based Compensation
35.21
+23531.54%
0.15
-42.99%
0.26
-86.53%
1.94
Asset Impairment Charge
140.21
0.00
-100.00%
2.46
-47.85%
4.73
Deferred Tax
0.00
+100.00%
-0.01
-12.79%
-0.01
-107.63%
0.08
Deferred Income Tax
0.00
+100.00%
-0.01
-12.79%
-0.01
-107.63%
0.08
Operating Gains Losses
-0.50
—
0.01
+386.01%
0.00
Gain Loss On Investment Securities
—
—
—
—
Unrealized Gain Loss On Investment Securities
616.17
+240792.58%
-0.26
-120.81%
1.23
0.00
Gain Loss On Sale Of PPE
—
0.00
-100.00%
0.01
+386.01%
0.00
Change In Working Capital
7.38
+645.49%
-1.35
-199.15%
1.36
+707.89%
-0.22
Change In Receivables
0.16
+245.05%
-0.11
-531.00%
0.03
-62.30%
0.07
Changes In Account Receivables
0.16
-0.62%
0.16
+529.03%
0.03
-62.30%
0.07
Change In Prepaid Assets
-0.02
-126.03%
0.07
+1242.41%
-0.01
+97.48%
-0.25
Change In Payables And Accrued Expense
7.23
+650.46%
-1.31
-197.76%
1.34
+3454.19%
0.04
Change In Accrued Expense
—
—
1.34
+3454.19%
0.04
Change In Other Working Capital
—
—
—
-0.08
Change In Other Current Assets
—
—
—
0.00
Change In Other Current Liabilities
—
—
—
0.00
Investing Cash Flow
-2,954.14
-15689.09%
-18.71
-1712.81%
-1.03
-102.14%
48.30
Cash Flow From Continuing Investing Activities
-2,954.14
-1996139.86%
0.15
+151.72%
-0.29
+31.76%
-0.42
Cash From Discontinued Investing Activities
0.00
+100.00%
-18.86
-2428.05%
-0.75
-101.53%
48.72
Net PPE Purchase And Sale
—
—
0.00
-100.00%
0.00
Sale Of PPE
—
—
0.00
-100.00%
0.00
Capital Expenditure
-0.01
-450.00%
-0.00
+99.30%
-0.29
-699.40%
-0.04
Capital Expenditure Reported
-0.01
-450.00%
-0.00
+99.30%
-0.29
-699.40%
-0.04
Net Investment Purchase And Sale
-339.52
0.00
—
—
Purchase Of Investment
-445.10
0.00
—
—
Sale Of Investment
105.58
0.00
—
—
Net Business Purchase And Sale
—
—
0.00
+100.00%
-0.39
Purchase Of Business
—
—
0.00
+100.00%
-0.39
Net Intangibles Purchase And Sale
0.00
-100.00%
0.15
0.00
—
Net Other Investing Changes
-2,614.61
—
—
48.86
Financing Cash Flow
2,998.72
+17358.79%
-17.38
-277.57%
9.78
+265.74%
2.68
Cash Flow From Continuing Financing Activities
2,998.72
+26085.40%
-11.54
-224.04%
9.30
+247.74%
2.68
Net Issuance Payments Of Debt
0.00
+100.00%
-12.57
-234.99%
9.31
+244.74%
2.70
Issuance Of Debt
0.00
-100.00%
0.55
-94.69%
10.35
+218.46%
3.25
Repayment Of Debt
0.00
+100.00%
-13.12
-1162.39%
-1.04
-89.22%
-0.55
Long Term Debt Issuance
—
—
4.00
+23.08%
3.25
Long Term Debt Payments
0.00
+100.00%
-6.22
-498.43%
-1.04
-89.22%
-0.55
Net Long Term Debt Issuance
0.00
+100.00%
-6.22
-310.05%
2.96
+9.63%
2.70
Short Term Debt Issuance
0.00
-100.00%
0.55
-91.34%
6.35
0.00
Short Term Debt Payments
0.00
+100.00%
-6.90
0.00
—
Net Short Term Debt Issuance
0.00
+100.00%
-6.35
-200.00%
6.35
0.00
Net Common Stock Issuance
3,098.48
+356456.50%
0.87
0.00
0.00
Common Stock Payments
-31.69
0.00
—
—
Cash Dividends Paid
—
—
—
—
Repurchase Of Capital Stock
-31.69
0.00
—
—
Proceeds From Stock Option Exercised
0.00
-100.00%
0.16
0.00
0.00
Net Other Financing Charges
-99.76
—
-0.01
+70.51%
-0.03
Changes In Cash
27.03
+145.90%
-58.90
-730.90%
9.34
+299.30%
-4.68
Beginning Cash Position
1.54
-97.45%
60.44
+18.27%
51.11
+742.57%
6.07
End Cash Position
28.58
+1753.18%
1.54
-97.45%
60.44
+4275.53%
1.38
Free Cash Flow
-17.55
+23.07%
-22.82
-7788.86%
0.30
+104.97%
-5.97
Interest Paid Supplemental Data
0.00
-100.00%
0.49
+0.10%
0.49
+344.77%
0.11
Income Tax Paid Supplemental Data
0.45
-11.09%
0.51
+485.03%
0.09
+333.42%
0.02
Common Stock Issuance
3,130.17
+360103.45%
0.87
0.00
0.00
Earnings Losses From Equity Investments
-0.50
0.00
—
—
Issuance Of Capital Stock
3,130.17
+360103.45%
0.87
0.00
0.00
Net Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Issuance
—
—
—
0.00
Sale Of Intangibles
0.00
-100.00%
0.15
0.00
—
Cash Flow From Discontinued Operation
—
—
-57.95
-16.55%
-49.72
Cash From Discontinued Financing Activities
0.00
+100.00%
-5.83
-1311.65%
0.48
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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