Sharplink, Inc.

Sharplink, Inc.

SBET·NASDAQ

$5.81

-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.

At a Glance

Live Snapshot
Market Cap$1.15B
EPS-7.3700
P/E Ratio-1.21
Earnings Date08/13/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -1.2).

Valuation inputs: P/E -1.2, earnings yield N/A, momentum -4.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -30.4%, ROIC -1.4%).

Profitability stack: net margin -26.2%, ROE -30.4%, ROIC -1.4%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +0.5%, momentum -4.6%, net margin -26.2%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Sharplink, Inc. Market vs Earnings Trajectory

SBET · NASDAQ

Loading price and EPS data...

Sharplink, Inc.

Sharplink, Inc. Fair Value Envelope

SBET · NASDAQ

Our analysis suggests that SBET has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $5.81, this represents a potential HIDDEN relative to our calculated worth for Sharplink, Inc..

Intrinsic Value
Current Price: $5.81
3Y-99.0%
5Y-71.0%
10Y-98.0%
3Y+704.0%
5Y+1131.0%
10Y+100.0%
3Y+4722.0%
5Y+64390.0%
10Y+14043.0%
3Y+194.0%
5Y+2173.0%
10Y+3759.0%
3Y+194.0%
5Y+1538.0%
10Y+2904.0%
3Y+3639.0%
5Y+54906.0%
10Y+19690.0%
Sharplink, Inc.

Sharplink, Inc. Profit Bridge

SBET · NASDAQ
Revenue28.05M
Cost of Goods Sold (1.90M)
Gross Profit26.15M
Operating Expenses (58.90M)
Operating Income-32.75M
Interest Expense (0.00)
Other Income/Expense-700.72M
Pretax Income-733.47M
Income Tax (1.05M)
Net Income-734.59M
Net Income
-734.59M

Profitability Analysis

Gross Margin

93.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-116.7%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-2618.4%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

93.22%
Gross Profit Margin
277%
3Y+147.0%
5Y+401.0%
10Y+83.0%
-116.73%
Operating Profit Margin
-10%
3Y-71.0%
5Y+120.0%
10Y+186.0%
-2618.38%
Net Profit Margin
-1049%
3Y+500.0%
5Y+5138.0%
10Y+6984.0%
-30.37%
Return on Equity
-106%
3Y-94.0%
5Y-28.0%
10Y-89.0%
-30.21%
Return on Assets
-108%
3Y+29.0%
5Y+17.0%
10Y-29.0%
-1.35%
Return on Invested Capital
-99%
3Y-99.0%
5Y-97.0%
10Y-99.0%
SBET

Sharplink, Inc. Cash Conversion Engine

SBET · NASDAQ
Net Income-734.59M
Depreciation & Amortization9.00K
Stock-Based Compensation13.66M
Change in Working Capital7.38M
Others696.06M
Capital Expenditures-11.00K
Free Cash Flow-17.48M

Cash Flow Quality Analysis

FCF Conversion Rate

2.4%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

-0.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+23.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$7.38M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Sharplink, Inc. Funding & Solvency Profile

SBET · NASDAQ
Cash & Cash Equivalents16.88M
Net Receivables461.00K
Inventory0.00
Other Current Assets689.00K
Total Current Assets18 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets1.73B
Total Non-Current Assets2 B
Total Assets
1.74B

Financial Health Analysis

Current Ratio

3.32x

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

Debt-to-Equity Ratio

0.00x

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

Working Capital

13 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.

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Sharplink, Inc. Street Expectations Map

SBET · NASDAQ

Wall Street analysts project that SBET stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 15.33, with estimates ranging from a low of 15.00 to a high of 16.00.

Lowest Target
15.00
158.18%
Consensus Target
15.33
163.86%
Highest Target
16.00
175.39%

The consensus 1-year price target stands at 15.33, with estimates ranging from a low of 15.00 to a high of 16.00.

Analyst Consensus Analysis

Upside Potential

+163.9%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

6.5% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Rare opportunity: Exceptional upside potential with strong analyst consensus creates a compelling setup. The combination of significant price target premium and tight agreement suggests high-conviction undervaluation that may attract institutional capital.

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Sharplink, Inc. Insider Positioning

SBET · NASDAQ

During the last 12 months, insiders have sold $1.36M worth of SBET shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

41.5K

304.18K

Net Activity

-304K

-$304K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

55.0K

1.05M

Net Activity

-1.1M

-$1.05M

Top Buyers

No buying activity

Top Sellers

1
GRM

Gutkowski Robert M

Director

31.2K shares2 transactions

$447K

2
BL

Bernhard Leslie

Director

31.2K shares2 transactions

$447K

3
MO

Mckenzie Obie

Director

31.2K shares2 transactions

$447K

4
DRM

Delucia Robert Michael

Officer: Chief Financial Officer

2.8K shares1 transactions

$18K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.36M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$304K

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.00%
Dividend Yield
3Y-100.0%
5Y-100.0%
10Y-
 

sbet Dividend History

SBET
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%