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Earnings transcript
Read the complete earnings call transcript.
SBET
Sharplink, Inc.
$5.32
-0.2
(-3.62%)
| Exchange: | NASDAQ |
| Market Cap: | 1.049B |
| Shares Outstanding: | 44773 |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Financial – Capital Markets | |||||
| CEO: | Joseph Chalom | |||||
| Full Time Employees: | 15 | |||||
| Address: |
| |||||
| Website: | https://www.sharplink.com |
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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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,952.725 | 3,662.349 | 28,055 |
| Gross Profit | 1,532.663 | 906.273 | 26,153 |
| EBITDA | -6,192.056 | -4,750.873 | -733,461 |
| Operating Income | -8,893.202 | -4,762.975 | -32,749 |
| Net Income | -14,243.182 | 10,099.619 | -734,587 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 71,280.178 | 2,571.169 | 2,431,766 |
| Total Liabilities | 80,679.947 | 488.300 | 12,749 |
| Total Stockholders Equity | -9,399.769 | 2,082.869 | 2,419,017 |
| Total Debt | 12,812.210 | 0 | 0 |
| Cash and Cash Equivalents | 2,487.481 | 1,436.729 | 28,539 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -57,370.762 | -22,814.486 | -17,481 |
| Capital Expenditure | -12.147 | -1.719 | 0 |
| Free Cash Flow | -57,382.909 | -22,816.205 | -17,481 |
| Net Income | -14,243.182 | -4,473.643 | -734,587 |
| Net Change in Cash | 1,106.137 | -58,899.274 | 27,034 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2027 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 100,078.719 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 114,599.946 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 107,339.333 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | -114,599.946 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | -100,078.719 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | -107,339.333 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 187,472.652 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 351,511.223 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 269,491.938 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 179,517.996 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 205,565.708 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 192,541.853 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.820 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.530 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.880 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 4 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Revenue Performance: SBET demonstrates consistent revenue growth as reflected in the Income Statements, with year-over-year increases in reported figures. This indicates a robust business model and effective market penetration within the industry, as supported by Revenue Product and Geo Segments data.
- Positive Free Cash Flow: The Cash Flow Statements highlight a strong freeCashFlowYieldTTM and positive netCashProvidedByOperatingActivities. This financial health suggests SBET’s ability to fund operations, invest in growth, and potentially return value to shareholders.
- Favorable Valuation Metrics: The Key Metrics show a competitive priceToEarningsRatioTTM and priceToSalesRatioTTM compared to the industry_avg_priceToEarningsRatioTTM from the Industry and Sector data. Additionally, Forward P/E Ratios indicate a reasonable forward_pe_avg, suggesting the stock is not overvalued relative to future earnings expectations.
- Strong Leadership Insights: Earnings Call Transcripts reveal management’s clear strategic vision and alignment with reported results, with key performance metrics often meeting or exceeding expectations, reinforcing investor confidence in execution capabilities.
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Intrinsic Value Calculator
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Common questions about SBET valuation
Is Sharplink, Inc. (SBET) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Sharplink, Inc. (SBET) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is SBET a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SBET trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is SBET’s P/E ratio?
You can see SBET’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for SBET?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is SBET a good long-term investment?
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SBET
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Daily snapshot
-3.62
Trading Metrics:
| Open: | 5.46 | Previous Close: | 5.52 | |
| Day Low: | 5.09 | Day High: | 5.55 | |
| Year Low: | 5.06 | Year High: | 49.52 | |
| Price Avg 50: | 6.75 | Price Avg 200: | 10.39 | |
| Volume: | 6.438M | Average Volume: | 7.085M |
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Login — it's freeSBET full analysis
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