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NASDAQ · Capital Markets · USD

Sharplink, Inc. (SBET) Stock Analysis

Sharplink, Inc. (SBET) is a Capital Markets stock listed on NASDAQ and quoted in US Dollar.

SBET

$8.68

−$0.30 (−3.34%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SBET Key Statistics

As of Sep 4, 2026
Trading
Open
$8.60
Previous Close
$8.98
Day's Range
8.35–8.70
52-Week Range
4.46–19.54
Volume
6.26M
Valuation
Market Cap
$1.88B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
72.33
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
37.52
EPS (ttm)Profit attributable to each share over the last twelve months.
−4.34
Financials (FY)
Revenue (FY)
$28.06M+666.11%
Net Income (FY)
−$734.59M−7373.86%
Profit marginThe share of revenue left as profit after all costs and taxes.
0.00%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
216.98M
1-Year Return
−43.75%
Dividend and dates
Earnings Date
November 12, 2026estimated
Avg Volume
9.43M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

SBET Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−2.91%
2025+16.41%
2024−57.33%
2023−51.61%
2022−88.30%
2021−14.52%
2020+50.49%
2019−41.48%
2018−16.59%
2017−22.71%
2016 (partial year)−31.06%

As of September 4, 2026.

SBET Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$28.06M−$734.59M−2618.4%
2024$3.66M$10.10M275.8%
2023$4.95M−$14.24M−287.6%
2022$3.49M−$15.23M−436.5%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$28.06M$26.15M−$32.75M−$734.59M−2618.4%
2024$3.66M$906.00K−$4.76M$10.10M275.8%
2023$4.95M$1.53M−$6.43M−$14.24M−287.6%
2022$3.49M$1.32M−$9.56M−$15.23M−436.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SBET Valuation vs Capital Markets Median

Median of 106 stocks
MetricSBETCapital Markets medianvs median
P/S ratio37.522.8713.1x the median
Profit margin0.00%0.00%0.0 pts above

Medians across 106 Capital Markets stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 9 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Sharplink, Inc. (SBET) is capitalised at $1.88B on the latest close. It is classified in the Capital Markets industry, within the Financial Services sector. Headcount on file is 15.

The 52-week range on file runs from $4.46 to $19.54. SBET last closed at $8.68 on September 4, 2026. That is −$0.30 (−3.34%) against the previous close. The latest close sits 94.62% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $28.06M. That is +666.11% against the prior fiscal year, when revenue was $3.66M. The same year closed with a net loss of $734.59M. The reported profit margin is 0%. Trailing earnings per share are −4.34.

Across the 4 fiscal years on file, revenue moves from $3.49M in 2022 to $28.06M in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. The forward P/E on file is 72.33. Measured against sales, the shares trade at 37.52 times revenue. On price-to-sales that is 13.1 times the Capital Markets median of 2.87. The medians here are taken across 106 Capital Markets companies that report the metric.

Annualized volatility over the trailing 10 years is 194.62%. Over the trailing twelve months the price has returned −43.75%. Measured over 10 years, that is −36.77% a year compounded.

Growth & Income

No dividend is on file for SBET.

The strongest complete calendar year on file is 2020 at +50.49%; the weakest is 2022 at −88.30%. Of the 9 complete calendar years on file, 2 finished higher. So far in 2026 the price is −2.91%.

Peer Comparison

Sharplink, Inc. (SBET) operates in the Capital Markets industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Sharplink, Inc. SBET $1.88B —
Morgan Stanley MS $341.94B 17.5
The Goldman Sachs Group, Inc. GS $302.41B 16.0
The Charles Schwab Corporation SCHW $189.00B 19.9

The Capital Markets industry average P/E ratio is 16.4x. Sharplink, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Sharplink, Inc.

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.

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