Sharplink, Inc. (SBET)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 2 | 3 | 3 | 5 | 4 | 28 | 50 | 48 |
| Operating profit | $m | -33 | 97 | ||||||
| Net profit | $m | -1 | -56 | -15 | -14 | 10 | -735 | -1,710 | -712 |
| EPS reported | $ | -7.37 | -8.24 | ||||||
| Operating cashflow per share | $ | -0.18 | -0.16 | ||||||
| Capex per share | $ | 0.00 | 0.00 | ||||||
| FCF per share | $ | -0.18 | -0.16 | ||||||
| Free cash flow | $m | -17 | -34 | ||||||
| Net debt | $m | -30 | -56 | ||||||
| Book value equity | $m | 2,419 | 1,411 | ||||||
| Book value per share | $ | 24.26 | 6.72 | ||||||
| Number of shares | m | 99.72 | 209.78 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | 0.37 | 0.63 | ||||||
| P/S LTM | x | 31.78 | 17.76 | ||||||
| P/FCF LTM | x | -51.00 | -26.31 | ||||||
| EV/EBITDA LTM | x | -1.18 | -1.38 | ||||||
| EV/Sales LTM | x | 30.76 | 23.47 | ||||||
| Earnings Yield LTM | % | -82.40% | -1.30% | ||||||
| FCF Yield | % | -1.96% | -3.80% | ||||||
| Quality | |||||||||
| ROE | % | -30.37% | -79.20% | ||||||
| ROIC | % | -1.35% | +6.90% | ||||||
| Operating margin | % | -1.17% | +1.94% | ||||||
| Gross margin | % | +93.22% | +97.02% | ||||||
| FCF/Sales | % | -62.31% | -67.49% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | +666.04% | +1270.8% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | - | - | ||||||
| Net Debt/EBITDA | x | 0.04 | 0.09 | ||||||
| EBIT/Net interest | x | 0.00 | 0.00 | ||||||
| Net debt/market cap | % | 0.00% | 0.00% | ||||||
| Net debt/Equity | x | -0.01 | -0.04 | ||||||
| Gross debt/equity | x | 0.00 | 0.00 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Sharplink, Inc. is a global digital asset treasury firm, primarily functioning as an institutional-grade platform for managing Ethereum. Its operations are divided into two primary divisions: Ether (ETH) Treasury Management and Affiliate Marketing. The ETH Treasury Management division is dedicated to the strategic acquisition and dynamic oversight of Ethereum, positioning it as a long-term holding for the company's treasury. This involves both native and liquid staking strategies, all conducted within a robust framework that prioritizes governance, secure custody, and comprehensive risk mitigation. Conversely, the Affiliate Marketing segment specializes in offering performance-driven client acquisition solutions to businesses in the sportsbook and online casino gaming industries. This is achieved by generating substantial user traffic and acquiring new players for licensed gaming entities, primarily leveraging its international affiliate network, PAS.net, alongside a collection of digital assets tailored for specific U.S. states. The company, previously operating as SharpLink Gaming, Inc., rebranded to Sharplink, Inc. in February 2026. Established in 2019, Sharplink's corporate headquarters are located in Miami, Florida.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Sharplink, Inc. is a global digital asset treasury firm, primarily functioning as an institutional-grade platform for managing Ethereum. Its operations are divided into two primary divisions: Ether (ETH) Treasury Management and Affiliate Marketing. The ETH Treasury Management division is dedicated to the strategic acquisition and dynamic oversight of Ethereum, positioning it as a long-term holding for the company's treasury. This involves both native and liquid staking strategies, all conducted within a robust framework that prioritizes governance, secure custody, and comprehensive risk mitigation. Conversely, the Affiliate Marketing segment specializes in offering performance-driven client acquisition solutions to businesses in the sportsbook and online casino gaming industries. This is achieved by generating substantial user traffic and acquiring new players for licensed gaming entities, primarily leveraging its international affiliate network, PAS.net, alongside a collection of digital assets tailored for specific U.S. states. The company, previously operating as SharpLink Gaming, Inc., rebranded to Sharplink, Inc. in February 2026. Established in 2019, Sharplink's corporate headquarters are located in Miami, Florida.
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