SBET - NASDAQ

Sharplink, Inc.

SBET·NASDAQ

$5.54

-4.6%

Financial ServicesFinancial - Capital Markets

SharpLink Gaming Ltd. operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. It operates through Affiliate Marketing Services United States, Sports Gaming Client Services, Enterprise Telecom Expense Management, and Affiliate Marketing Services International segments. The company collects information on potential U.S. domiciled sports bettors, connects them with contextual sports betting content, and converts them to paying sports betting customers, as well as offers sports betting data to sports media publishers. It also provides development, hosting, operations, maintenance, and service of free-to-play games and contests; and solutions for telecommunications expense management, enterprise mobility management, call usage, and accounting software, as well as iGaming and affiliate marketing network, which focuses on delivering quality traffic and player acquisitions, and retention and conversions to global iGaming operator partner worldwide. The company was founded in 2019 and is headquartered in Minneapolis, Minnesota.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.09B

EPS-7.3700

P/E Ratio-0.75

Earnings Date08/13/2026

2.43B

Assets

94478%

3Y+3639.0%

5Y+54906.0%

10Y+19690.0%

12.75M

Total Liabilities

2511%

3Y-79.0%

5Y+647.0%

10Y+22.0%

2.42B

Total Equity

116039%

3Y+80898.0%

5Y+89013.0%

10Y+129955.0%

Sharplink, Inc. Funding & Solvency Profile

SBET · NASDAQ

Current Assets

Cash & Cash Equivalents28.54M

Net Receivables221.00K

Inventory0.00

Other Current Assets511.00K

Total Current Assets31 M

Non-Current Assets

Property, Plant & Equipment10.00K

Goodwill & Intangible Assets8.00K

Long-Term Investments0.00

Other Non-Current Assets2.40B

Total Non-Current Assets2 B

Total Assets

2.43B

Financial Health Analysis

Current Ratio

2.44x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.01x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

18 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

1% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

Sharplink, Inc. Balance Sheet

SBET • NASDAQ

Sharplink, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	28.5M	1.4M	2.5M	1.4M	6.1M	2.6M	3.2M	2.5M	2.2M	2M	3.7M	4.9M	6.4M	4.2M	3.3M	2.1M	2.2M	2M	1.4M	1.5M
Short-Term Investments	1.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	136K	134K	136K	153K	139K	127K	147K	227K	196K	169K	259K
Cash & Short-Term Investments	30.4M	1.4M	2.5M	1.4M	6.1M	2.6M	3.2M	2.5M	2.2M	2.1M	3.8M	5M	6.5M	4.3M	3.4M	2.3M	2.4M	2.2M	1.6M	1.7M
Net Receivables	221K	264.8K	427.1K	452.9K	1.1M	631.2K	526K	665K	595K	5.6M	4.6M	623K	1M	1.2M	924K	1.4M	1.1M	1.4M	1.8M	3.1M
Accounts Receivables	221K	264.8K	427.1K	440.9K	956.6K	631.2K	499K	604K	564K	5.3M	4.5M	579K	943K	1.1M	854K	1.3M	781K	1.2M	1.2M	2.5M
Other Receivables	0.0	0.0	0.0	12K	147.9K	0.0	27K	61K	31K	302K	116K	44K	87K	137K	70K	158K	295K	375K	623K	653K
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	15K	5K	17K	39K	112K	66K	138K
Prepaids	0.0	310.2K	383.3K	0.0	466.6K	376K	175K	27K	25K	37K	21K	23K	60K	23K	18K	16K	81K	0.0	0.0	0.0
Other Current Assets	511K	542.9K	67.8M	52.1M	1.9M	-371.4K	206K	200K	1.3M	4K	6K	8K	0.0	371K	45K	158K	0.0	0.0	271K	161K
Total Current Assets	31.2M	2.6M	71.1M	53.9M	9.5M	3.2M	4.1M	3.4M	4.2M	7.8M	8.4M	6.3M	7.7M	6M	4.4M	3.7M	3.6M	4M	3.7M	5.2M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	10K	3.4K	8.8K	21.9K	220.6K	210.3K	62K	60K	107K	198K	160K	-41K	183K	245K	161K	165K	175K	0.0	0.0	0.0
Goodwill	0.0	0.0	0.0	1.6M	3.5M	381K	3.2M	3.5M	3.5M	3.5M	8.3M	3.5M	3.5M	3.5M	3.5M	3.5M	3.5M	3.5M	2.8M	4.1M
Intangible Assets	8K	13.2K	168.1K	838.5K	5.6M	608.6K	429.1K	21K	42K	63K	4.5M	389K	567K	759K	1.1M	1.4M	1.8M	2.2M	805K	1.6M
Goodwill & Intangible Assets	8K	13.2K	168.1K	2.5M	9.1M	989.6K	810.1K	3.5M	3.5M	3.5M	12.8M	3.9M	4M	4.2M	4.5M	4.9M	5.3M	5.7M	3.6M	5.7M
Long-Term Investments	0.0	0.0	0.0	200K	200K	0.0	0.0	0.0	-6.9M	0.0	0.0	0.0	0.0	0.0	-161K	-165K	-175K	0.0	0.0	3M
Tax Assets	0.0	0.0	0.0	0.0	0.0	171K	0.0	0.0	6.9M	0.0	0.0	0.0	0.0	0.0	31K	33K	35K	40K	123K	112K
Other Non-Current Assets	2.4B	0.0	0.0	8.5M	1.6M	-171K	3.1M	541K	856K	752K	668K	763K	725K	662K	786K	967K	973K	914K	1M	76K
Total Non-Current Assets	2.4B	16.5K	176.9K	11.1M	11.1M	1.2M	3.9M	4.1M	4.5M	4.5M	13.6M	4.6M	5M	5.1M	5.3M	5.9M	6.3M	6.6M	4.7M	8.9M
Total Assets	2.4B	2.6M	71.3M	65M	20.6M	4.4M	8M	7.5M	8.6M	12.3M	22M	10.9M	12.6M	11.1M	9.7M	9.6M	9.9M	10.6M	8.5M	14.1M
LIABILITIES
CURRENT LIABILITIES
Total Payables	12.7M	281.4K	834.1K	689.2K	1.6M	140K	149K	294K	427K	4.1M	3.4M	254K	388K	632K	795K	305K	432K	712K	447K	510K
Accounts Payable	12.7M	281.4K	834.1K	689.2K	813.6K	0.0	149K	164K	308K	4.1M	3.3M	254K	254K	279K	326K	305K	432K	712K	447K	510K
Other Payables	0.0	0.0	0.0	0.0	785.5K	140K	0.0	130K	119K	0.0	142K	0.0	134K	353K	469K	0.0	0.0	0.0	0.0	0.0
Accrued Expenses	0.0	196.9K	629.6K	777.2K	473K	257K	89.5K	304K	0.0	969K	759K	489K	0.0	1.1M	671K	763K	0.0	0.0	0.0	0.0
Short Term Debt	0.0	0.0	11.4M	620.2K	0.0	27.6K	334.5K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	45K	606K	421K
Capital Lease Obligations (Current)	0.0	0.0	0.0	31.1K	29.3K	0.0	26K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	0.0	0.0	0.0	0.0	140K	143K	130K	119K	0.0	142K	0.0	0.0	0.0	0.0	0.0	0.0	255K	0.0	0.0
Deferred Revenue	0.0	0.0	0.0	44.3M	308.1K	406.5K	962K	1.1M	1.7M	1.4M	1.8M	1.7M	1.8M	1.6M	2M	2.5M	2.7M	2.3M	1.4M	1.5M
Other Current Liabilities	1K	10K	66.4M	12.5M	3.5M	705.4K	2.7M	2.6M	3.5M	2.9M	2.9M	2M	2.6M	1.4M	1.6M	4.1M	2.5M	2.6M	3.3M	2.5M
Total Current Liabilities	12.7M	488.3K	79.2M	58.9M	5.9M	1.5M	3.9M	4.2M	5.7M	9.3M	8.9M	4.5M	4.6M	4.8M	5.1M	5.2M	5.7M	5.7M	5.8M	5M
NON-CURRENT LIABILITIES
Long Term Debt	0.0	0.0	1.4M	2.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	583K
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	-193.1K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	6.2K	5.6K	4.4K	163K	181K	146K	166K	578K	54K	29K	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	0.0	0.0	7.2K	868.5K	366K	0.0	637.9K	722K	1.1M	914K	6.4M	712K	857K	800K	762K	1.1M	1.1M	3.4M	1.2M	946K
Total Non-Current Liabilities	0.0	0.0	1.4M	3.1M	507.8K	169.9K	994K	903K	1.2M	1.1M	7M	766K	886K	800K	762K	1.1M	1.1M	1.1M	1.2M	1.5M
Capital Lease Obligations	0.0	0.0	0.0	241.1K	165.5K	165.5K	219K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	12.7M	488.3K	80.7M	62.1M	6.4M	1.7M	4.9M	5.1M	6.9M	10.4M	15.9M	5.3M	5.5M	5.6M	5.9M	6.2M	6.8M	6.8M	6.9M	6.5M
SHAREHOLDERS' EQUITY
Treasury Stock	-31.7M	-29K	-29K	-29K	-29K	0.0	0.0	-29K	-29K	-29K	-29K	-29K	-29K	-29K	-29K	-29K	-29K	0.0	0.0	0.0
Preferred Stock	0.0	0.0	3.9K	3.8K	3.6K	1.4M	16K	10K	1.2M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Common Stock	20K	461.0	572.8K	537.7K	447.3K	215K	30K	27K	25K	23K	21K	13K	13K	13K	13K	13K	13K	26K	17K	17K
Additional Paid-In Capital	3.3B	79.9M	77.9M	76M	72.1M	3.8M	30.6M	29.8M	28.2M	26.6M	25.6M	20.4M	20.3M	20.1M	19.8M	19.7M	19.6M	0.0	0.0	0.0
Retained Earnings	-812.4M	-77.8M	-87.9M	-73.6M	-58.3M	-2.7M	-27.5M	-27.4M	-26.5M	-24.7M	-19.5M	-14.7M	-13.1M	-14.5M	-15.9M	-16.3M	-16.5M	-15.6M	-14.6M	-8.8M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	0.0	0.0	0.0	-5.3K	-631K	-1.2M	-1.2M	1K	-8K	-951K	-866K	-742K	-640K	-558K	-1.7M	-1.6M	-3.5M	-3.4M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	-29K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	19.4M	19.7M	19.8M
Total Stockholders' Equity	2.4B	2.1M	-9.4M	3M	14.2M	2.7M	3.1M	2.4M	1.7M	1.9M	6.1M	5.6M	7.2M	5.6M	3.8M	3.4M	3.1M	3.8M	1.6M	7.5M
Total Equity	2.4B	2.1M	-9.4M	3M	14.2M	2.7M	3.1M	2.4M	1.7M	1.9M	6.1M	5.6M	7.2M	5.6M	3.8M	3.4M	3.1M	3.8M	1.6M	7.5M
SUMMARY
Total Liabilities & Equity	2.4B	2.6M	71.3M	65M	20.6M	4.4M	8M	7.5M	8.6M	12.3M	22M	10.9M	12.6M	11.1M	9.7M	9.6M	9.9M	10.6M	8.5M	14.1M
Total Investments	1.9M	0.0	0.0	200K	200K	0.0	0.0	0.0	-6.9M	136K	134K	136K	153K	139K	-34K	147K	52K	196K	169K	3.3M
Total Debt	0.0	0.0	12.8M	2.9M	165.5K	193.1K	193.1K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	45K	606K	1M
Net Debt	-28.5M	-1.4M	10.3M	1.5M	-5.9M	-2.4M	-3M	-2.5M	-2.2M	-2M	-3.7M	-4.9M	-6.4M	-4.2M	-3.3M	-2.1M	-2.2M	-2M	-831K	-470K
Shares Outstanding	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925	168,922,925

SEC Filings

SBET - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 11, 2026	May 11, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 08, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 14, 2026	April 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 03, 2026	April 03, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 17, 2026	March 17, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 09, 2026	March 09, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 09, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 19, 2026	February 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 03, 2026	February 02, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 17, 2025	December 15, 2025	2025	View Filing

Showing 1 to 10 of 79 filings

Related Guides

Blog Categories

Continue your SBET research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.