SBET Financial ServicesBeta data

Sharplink, Inc.

$6.59+1.54%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Capital Markets
Country: United States
Market cap: 1.4B USD
Full-time employees: 15

Overall health

Not enough data: too little is reported yet for an overall view

Only 2 of 3 categories have enough reported data; an overall score needs at least 3.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 49% of revenue in 2025.
Sharplink paid employees $14M in stock in 2025, 49% of its $28M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Valuation signals disagree. Cheaper than 67% of peers on book value, but only 0% on earnings.
Relative to its book value, Sharplink looks cheaper than 67% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -3401%).
More volatile share price. Beta 10.55: tends to move more than the market.
Sharplink's shares have swung more with the market than most peers' (beta 10.55, above the market's 1.0).

StockQuotient Score

—Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

8/100

Weak▲ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 10.1% (existing holders diluted)

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 7 → 8

Share price -11.5%+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield98.6%

Yahoo FinanceReported value40% base weight · Z-score 0.67Sector median: 0.7950 · MAD: 0.2843

Earnings yield-68.1%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price60% base weight · Z-score -3.12Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yield-108.0%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share priceInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield-2.3%

Yahoo Finance · trailing 12 months · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share priceInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

Insufficient data

Insufficient data: 0 of 1 inputs reported (at least 1 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

0/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets-120.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile50% base weight · Z-score -2.09Sector median: 0.0117 · MAD: 0.0062

Return on equity-183.6%

Yahoo Finance · trailing 12 monthsOutlier capped at sector 5th/95th percentile50% base weight · Z-score -2.86Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating margin-3401.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Sharplink

Is Sharplink getting weaker?: Its latest SEC filing (Aug 7, 2026) got weaker in some ways: share count up 10.1%.
How is Sharplink valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 950 banks & insurance peers. Book yield 98.6% vs a peer median of 79.5% (stronger than 67% of peers).Book yield 98.6% vs peers 79.5% (stronger than 67% of peers). Earnings yield -68.1% vs a peer median of 7.9% (weaker than 100% of peers).Earnings yield -68.1% vs peers 7.9% (weaker than 100% of peers).
Is Sharplink growing?: Insufficient data: 0 of 1 inputs reported (at least 1 needed).
How profitable is Sharplink?: Less profitable than most of its peers. Profitability scores 0/100 against 950 banks & insurance peers. Return on assets -120.8% vs a peer median of 1.2% (weaker than 100% of peers).Return on assets -120.8% vs peers 1.2% (weaker than 100% of peers).
How risky is Sharplink?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Share count up 10.1% (existing holders diluted)

Worth watching: Sharplink is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	39.4M USD	50.2M USD	+27.5%
Net income (12 months)	−1.4B USD	−1.7B USD	+20.5%
Operating margin	-3600.5%	-3401.3%	+199.2 pts
Cash	16.9M USD	56.2M USD	+233.0%
Shares outstanding	197.2M	217.2M	+10.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Capital Markets · 24 companies

Valuations in Capital Markets are above their usual range since Nov 2016.

62% of months since Nov 2016 were valued lower than now.
56% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +34% and earnings +87% (medians): earnings grew faster than prices.
Median price-to-book is +21% vs the whole market, against a usual +28%.

Nov 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-409.3%	-179.6%	-130.1%	-2616.0%	▼ >999 pts
Net margin	-436.5%	-287.6%	275.8%	-2618.4%	▼ >999 pts
Return on assets (ROA)	-23.4%	-20.0%	392.8%	-30.2%	▼ 423 pts
Return on equity (ROE)	-510.1%	—	485.1%	-30.4%	▼ 515 pts
Debt to equity	0.69×	—	0.00×	—	—
Interest coverage	-130.84×	-7.73×	-14.66×	—	—

SBET price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Not enough data: too little is reported yet for an overall view

Only 2 of 3 categories have enough reported data; an overall score needs at least 3.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock-based pay is a large cost. Stock pay was 49% of revenue in 2025.

Sharplink paid employees $14M in stock in 2025, 49% of its $28M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Valuation signals disagree. Cheaper than 67% of peers on book value, but only 0% on earnings.

Relative to its book value, Sharplink looks cheaper than 67% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -3401%).

More volatile share price. Beta 10.55: tends to move more than the market.

Sharplink's shares have swung more with the market than most peers' (beta 10.55, above the market's 1.0).

Questions investors ask about Sharplink

Is Sharplink getting weaker?

Its latest SEC filing (Aug 7, 2026) got weaker in some ways: share count up 10.1%.

How is Sharplink valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 950 banks & insurance peers. Book yield 98.6% vs a peer median of 79.5% (stronger than 67% of peers).Book yield 98.6% vs peers 79.5% (stronger than 67% of peers). Earnings yield -68.1% vs a peer median of 7.9% (weaker than 100% of peers).Earnings yield -68.1% vs peers 7.9% (weaker than 100% of peers).

Is Sharplink growing?

Insufficient data: 0 of 1 inputs reported (at least 1 needed).

How profitable is Sharplink?

Less profitable than most of its peers. Profitability scores 0/100 against 950 banks & insurance peers. Return on assets -120.8% vs a peer median of 1.2% (weaker than 100% of peers).Return on assets -120.8% vs peers 1.2% (weaker than 100% of peers).

How risky is Sharplink?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

39.4M USD

50.2M USD

+27.5%

Net income (12 months)

−1.4B USD

−1.7B USD

+20.5%

Operating margin

-3600.5%

-3401.3%

+199.2 pts

Cash

16.9M USD

56.2M USD

+233.0%

Shares outstanding

197.2M

217.2M

+10.1%

Key ratios

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-409.3%

-179.6%

-130.1%

-2616.0%

▼ >999 pts

Net margin

-436.5%

-287.6%

275.8%

-2618.4%

▼ >999 pts

Return on assets (ROA)

-23.4%

-20.0%

392.8%

-30.2%

▼ 423 pts

Return on equity (ROE)

-510.1%

—

485.1%

-30.4%

▼ 515 pts

Debt to equity

0.69×

—

0.00×

—

Interest coverage

-130.84×

-7.73×

-14.66×

—