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Sharplink, Inc.

SBET

Sharplink is a diversified technology and financial services company that operates a large-scale digital asset treasury alongside a legacy affiliate marketing business.

Market cap
$2.08B-38.4%
Revenue$50.2M+1,497%
Net income-$1.7B-1,524%
EPS (diluted)-$6.39+39.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 12, 2026 (in a month)
Revenue estimate$10.8M
EPS estimate$0.02

Financials

Q2 2026

Income statement

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Revenue$11.5M+1,554%
Operating income-$393.5M-280%
Net income-$394.3M-281%
EPS (diluted)-$1.88+56.0%

Balance sheet

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Cash & equivalents$56.2M+1,008%
Total debt$202.0K—
Total equity$1.4B+212%
Total assets$1.4B+212%

Cash flow

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Operating cash flow-$7.2M-340%

Valuation & ratios

Valuation

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Market cap$2.08B-38.4%
Enterprise value$2.03B—
P/S41.5×-224×

Profitability

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Operating margin-3,401.5%+22.7pp
Net margin-3,406.3%+59.4pp

Returns & leverage

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Return on equity-183.6%-277pp
Debt / equity0×—
Current ratio10.5×+3.6×

Segments

By segment

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ETH Treasury Management$11.2M—
Affiliate Marketing Services$367.0K-45.1%

Competitors

Profile

Sharplink is a diversified technology and financial services company that operates a large-scale digital asset treasury alongside a legacy affiliate marketing business. The company's primary value proposition centers on providing public market investors with regulated exposure to the Ethereum ecosystem through the accumulation and productive utilization of Ether (ETH). By leveraging institutional-grade infrastructure, the company seeks to generate yield through network participation and protocol-level rewards.

Competitive position

Sharplink is one of the world's largest publicly traded holders of ETH, positioning itself as a first-mover in the Digital Asset Treasury (DAT) space with a focus on yield-bearing decentralized infrastructure.

GeographiesUnited States, Global
Customer segmentsRetail Investors, Institutional Investors, iGaming Operators
Business modelAsset Management, Performance-based Marketing, Staking-as-a-Service (Internal)
SuppliersEthereum Blockchain Network, Digital Asset Custodians, Capital Markets, Search Engines (SEO)
CustomersPublic Shareholders, Licensed Sportsbooks, Regulated Online Casinos
Listed2021
Employees51.0
CEOJoseph Chalom
FilingsSEC EDGAR

FAQ

What is Sharplink, Inc.'s market cap?
Sharplink, Inc. (SBET) has a market capitalization of $2.1B and trades on NASDAQ.
What is Sharplink, Inc.'s revenue and profitability?
Sharplink, Inc. generated $50.2M in trailing twelve-month revenue with a net loss of $1.7B, representing a net margin of -3406.3%. Gross margin stands at 35.8%. The latest reported period is Q2 2026.
Who are Sharplink, Inc.'s competitors?
Sharplink, Inc.'s key competitors include MicroStrategy Incorporated, BlackRock, Inc., Franklin Templeton, and others. These companies compete in similar markets and product categories.
Who does Sharplink, Inc. partner with?
Sharplink, Inc.'s notable partners include Consensys Software Inc., Ether.fi, Eigen Labs, and others.
What subsidiaries does Sharplink, Inc. have?
Sharplink, Inc.'s subsidiaries include FourCubed.
Where is Sharplink, Inc. headquartered?
Sharplink, Inc. is headquartered in United States of America and employs approximately 51 people. It has been publicly traded since 2021.