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Discontinued — last reported Q4 '25

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$252K+56.5%

Other financials

Income statement

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Revenue$11.5M+1,554%
Gross profit$208.8K-25.5%
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%
Free cash flow-$9.1M-620%

Valuation

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Market cap$1.32B-56.5%
Enterprise value$1.27B
P/S26.3×-942×

Profitability

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Gross margin35.8%
Operating margin-3,401.5%+22.7pp
Net margin-3,406.3%+59.4pp
FCF margin-623%

Returns & leverage

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

Where this comes from

Reported directly by Sharplink, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Sharplink, Inc.’s 10-K, filed March 9, 2026.

Filed
Mar 9, 2026, 12:00 AM EDT
Fiscal year
FY2025
Accession
0001493152-26-009214
Line itemYear Ended December 31, 2025Year Ended December 31, 2024
Net cash used in operating activities - discontinued operations(61)(16,958)
Net cash used in operating activities(17,542)(22,814)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures for equipment(11)(2)
Crypto assets purchased(2,614,612)-
USDC stablecoin purchased(445,097)-
USDC stablecoin redemptions105,581-
Proceeds from sale of intellectual property-150

Document

FAQ

What is Sharplink, Inc.'s capex?
Sharplink, Inc. (SBET) reported capex of $3.72K in Q4 2025.
How has Sharplink, Inc.'s capex changed year-over-year?
Sharplink, Inc.'s capex increased by 1223.1% year-over-year, from $281 to $3.72K.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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