SBET financial statements
The full income statement, balance sheet, and cash-flow statement for Sharplink Inc. (SBET), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 28.1M+666.1% | 3.66M-26.1% | 4.95M+41.9% | 3.49M+32.4% | 2.64M+15.7% | ||
| Noninterest income | — | — | — | 6.00K | 0.00 | |
| — | 906K-40.9% | 1.53M+16.5% | 1.32M+539.6% | -299K-170.7% | ||
| Cost of revenue | — | 2.76M-19.4% | 3.42M+57.3% | 2.17M-25.9% | 2.94M+58.2% | |
| 201M+2285.9% | 8.43M-19.2% | 10.4M-33.2% | 15.6M-53.0% | 33.2M+1936.0% | ||
| Selling, general & administrative | 42.4M+647.8% | 5.67M-28.8% | 7.96M-26.8% | 10.9M+9.9% | 9.89M+429.9% | |
| General & administrative | — | — | — | 286K+0.4% | 285K-84.8% | |
| Amortization of intangibles | 4.00K-20.0% | 5.00K-94.9% | 97.1K-89.2% | 902K+273.7% | 241K+114.1% | |
| Operating income | -734M-15308.7% | -4.76M+46.4% | -8.89M+37.7% | -14.3M+57.4% | -33.5M-2675.7% | |
| Interest expense | — | 325K-71.7% | 1.15M+953.8% | 109K | 0.00-100.0% | |
| Interest & investment income | — | 60.3K+12.7% | 53.5K | — | — | |
| Other non-operating income | 447K+54.7% | 289K+112.4% | -2.34M-1035.9% | 250K+760.4% | 29.1K | |
| Pre-tax income | -733M-16294.1% | -4.47M+60.2% | -11.2M+20.4% | -14.1M+57.8% | -33.5M-2840.5% | |
| Income tax | 1.05M+450962.1% | -232-101.5% | 15.7K+221.3% | -13.0K-410.6% | 4.17K+330.0% | |
| -735M-7373.9% | 10.1M+170.9% | -14.2M+6.5% | -15.2M+72.6% | -55.6M-4785.0% | ||
| Income from continuing operations | -735M-16317.4% | -4.47M+60.2% | -11.2M+26.5% | -15.3M+54.3% | -33.5M-2838.3% | |
| Discontinued operations | -71.0K-100.5% | 14.6M+586.6% | -2.99M-163.2% | -1.14M+94.9% | -22.2M-60030.6% | |
| Net income to common | -735M-7373.9% | 10.1M+170.7% | -14.3M+6.2% | -15.2M+73.0% | -56.4M-1180.6% | |
| -$7.37-126.7% | $27.62+144.5% | -$62.04+15.7% | -$73.56 | — | ||
| EPS (basic) | -$7.37-120.9% | $35.20+156.7% | -$62.04+15.7% | -$73.56-55.6% | -$47.28 | |
| Weighted-avg shares (basic) | 99.7M+34652.9% | 287K+24.7% | 230K+11.0% | 207K-82.6% | 1.19M | |
| Weighted-avg shares (diluted) | 99.7M+29468.0% | 337K+46.6% | 230K+11.0% | 207K-82.6% | 1.19M+33.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 31.2M+1119.3% | 2.56M-96.4% | 71.1M+31.9% | 53.9M+468.2% | 9.49M+194.6% | ||
| Cash & equivalents | 28.5M+1752.0% | 1.54M-38.0% | 2.49M+80.1% | 1.38M-82.2% | 7.78M+417.3% | |
| Accounts receivable | 221K-16.6% | 265K-36.2% | 415K-5.8% | 441K-53.9% | 957K+168.8% | |
| Prepaid expenses | 511K+64.8% | 310K-19.1% | 383K-24.2% | 506K+132.8% | 217K-45.5% | |
| Other current assets | — | 307 | 0.00 | — | — | |
| 2.43B+94484.4% | 2.57M-96.4% | 71.3M+9.6% | 65.0M+216.4% | 20.6M+365.1% | ||
| Property, plant & equipment | 10.0K+233.3% | 3.00K-65.9% | 8.79K-59.8% | 21.9K-60.3% | 55.1K+220.6% | |
| Operating lease right-of-use | — | — | — | 231K+39.4% | 166K-14.3% | |
| Goodwill | — | — | — | 1.62M-48.4% | 3.13M+721.6% | |
| Intangible assets | 8.00K-38.5% | 13.0K-92.3% | 168K-79.9% | 838K-84.9% | 5.55M+812.2% | |
| Other non-current assets | 18.0K | — | — | — | 284K | |
| 12.7M+2507.2% | 489K-99.4% | 79.2M+34.5% | 58.9M+905.2% | 5.86M+281.4% | ||
| Accounts payable | — | 281K-66.3% | 834K+21.0% | 689K-15.3% | 814K+613.7% | |
| Accrued liabilities | 12.7M+2561.6% | 479K-67.3% | 1.46M-0.2% | 1.47M-55.7% | 3.31M+1270.3% | |
| Deferred revenue | — | — | — | 2.17M+603.3% | 308K-24.2% | |
| Short-term & current debt | — | — | 646K-36.6% | 1.02M | — | |
| Current lease liability | — | — | — | 31.1K+6.2% | 29.3K+6.2% | |
| Other current liabilities | — | — | — | — | 534K | |
| 12.7M+2507.2% | 489K-99.4% | 80.7M+30.0% | 62.1M+874.5% | 6.37M+273.2% | ||
| Long-term debt | — | 0.00-100.0% | 1.42M-30.9% | 2.06M | — | |
| Non-current lease liability | — | — | — | 210K+54.1% | 136K-17.7% | |
| Operating lease liability (total) | — | — | — | 241K+45.7% | 166K | |
| Deferred tax liabilities | — | 0.00-100.0% | 7.16K+15.3% | 6.21K+11.2% | 5.58K | |
| Other non-current liabilities | — | — | — | — | 366K | |
| 2.42B+115975.7% | 2.08M+122.2% | -9.40M-414.7% | 2.99M-79.0% | 14.2M+946.9% | ||
| Preferred stock | — | — | 3.94K | — | — | |
| Common stock | 20.0K | 0.00-100.0% | 573K+6.5% | 538K+20.2% | 447K+108.1% | |
| Additional paid-in capital | 3.26B+3983.0% | 79.9M+2.6% | 77.9M+2.5% | 76.0M+5.5% | 72.1M+1780.6% | |
| Retained earnings | -812M-944.1% | -77.8M+11.4% | -87.9M-19.4% | -73.6M-26.1% | -58.3M-2070.0% | |
| Treasury stock | 31.7M+109282.8% | 29.0K+0.0% | 29.0K+0.0% | 29.0K+0.0% | 29.0K+0.0% | |
| Total liabilities & equity | 2.43B+94484.4% | 2.57M-96.4% | 71.3M+9.6% | 65.0M+216.4% | 20.6M+365.1% | |
| Common shares issued | 199M+48672.1% | 407K+70.7% | 239K+6.5% | 224K-88.0% | 1.86M+108.0% | |
| Common shares outstanding | 197M+48197.1% | 407K+70.7% | 239K+6.5% | 224K-88.0% | 1.86M+108.0% | |
| Shares outstanding (cover) | 197M+34173.3% | 575K+110.0% | 274K | — | 1.86M+910.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -17.5M+23.1% | -22.8M-4014.0% | 583K+109.8% | -5.94M+2.2% | -6.07M-689.3% | ||
| Depreciation & amortization | 9.00K-25.0% | 12.0K-88.8% | 107K-88.2% | 912K+342.3% | 206K+544.5% | |
| Intangible amortization | 4.00K-20.0% | 5.00K-94.9% | 97.1K-89.2% | 902K+273.7% | 241K+114.1% | |
| Share-based compensation | 13.7M+9068.5% | 149K-43.0% | 261K-86.5% | 1.94M+17.1% | 1.66M+2370.1% | |
| Deferred income taxes | — | -7.00K-12.8% | -6.21K-107.6% | 81.3K+6838.8% | 1.17K+20.8% | |
| Change in receivables | -161K+0.6% | -162K-529.0% | -25.8K+62.3% | -68.3K-138.9% | 176K+131.5% | |
| -2.95B-15689.1% | -18.7M-1712.8% | -1.03M-102.1% | 48.3M+1194.9% | -4.41M-1379.0% | ||
| Capital expenditure | 11.0K+450.0% | 2.00K-83.5% | 12.1K-6.9% | 13.0K-77.8% | 58.8K+1076.1% | |
| Free cash flow | -17.6M+23.1% | -22.8M-4097.6% | 571K+109.6% | -5.95M+2.9% | -6.13M-691.8% | |
| Acquisitions | 0.00 | 0.00 | 0.00-100.0% | 48.9M | 0.00 | |
| 3.00B+17358.8% | -17.4M-277.6% | 9.78M+265.7% | 2.68M-82.9% | 15.7M+746.8% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00-100.0% | 3.25M | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 2.15B+246974.0% | 869K | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 31.7M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 27.0M+145.9% | -58.9M-730.9% | 9.34M-79.3% | 45.0M+766.9% | 5.20M+854.1% | |
| Interest paid | — | 486K+0.1% | 486K+344.8% | 109K | 0.00 | |
| Income taxes paid | 449K-11.1% | 505K+485.0% | 86.3K+333.4% | 19.9K | 0.00-100.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.76B-60.1% | 4.42B+2.8% | 4.30B-41.3% | 7.32B+1135.7% | 593M+77.8% | |
| P/E | — | 437.5× | — | — | — | |
| P/S | 62.8×-94.8% | 1206.4×+77.2% | 680.8× | — | 224.8×+53.7% | |
| P/B | 0.7×-100.0% | 2119.9× | — | 2771.2×+6536.7% | 41.8×-83.0% | |
| P/FCF | — | — | 743.8× | — | — | |
| Earnings yield | — | 0.23% | — | — | — | |
| FCF yield | — | — | 0.13% | — | — | |
| Source filing | 10-K | 10-K/A | 10-K | 10-K/A | 20-F |
One company, more than one SEC registrant: these statements were filed by Sharplink Gaming Ltd. until Feb 13, 2024 and by Sharplink, Inc. since.
About this data
Source: SBET’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SBET filings on SEC EDGAR → Not investment advice.
