What is Sharplink, Inc. 's free cash flow?

Sharplink, Inc. (SBET) reported free cash flow of -$9.14M in Q4 2025.

How has Sharplink, Inc. 's free cash flow changed year-over-year?

Sharplink, Inc. 's free cash flow decreased by 620.4% year-over-year, from -$1.27M to -$9.14M.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

Sharplink, Inc. SBET Free cash flow

Discontinued — last reported Q4 '25

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——

Other financials

Income statement

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Revenue$12.1M+1,525%

Gross profit$209.1K-25.4%

Operating income-$684.6M-73,829%

Net income-$685.6M-70,214%

EPS (diluted)-$3.25-76.6%

Balance sheet

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Cash & equivalents$16.9M+3,275%

Total debt$6.5M+213%

Total equity$1.7B+83,286%

Total assets$1.7B+62,686%

Cash flow

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Operating cash flow-$10.6M-1,971%

CapEx$3.7K+1,223%

Valuation

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Market cap$1B+66.8%

P/S25.5×-150×

Profitability

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Gross margin35.8%—

Operating margin-3,600.5%-3,725pp

Net margin-3,604.6%-3,675pp

FCF margin-623%—

Returns & leverage

See full

Return on equity-163.1%+447pp

Debt / equity0.7×—

Current ratio3.3×0.0×

Where this comes from

Calculated from Sharplink, Inc. ’s reported figures.

−$9.1Mnet cash from operating−$3.7Kcapital expenditures=-$9.14M

The official record: Sharplink, Inc. ’s 10-K, filed March 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sharplink, Inc. 's free cash flow?: Sharplink, Inc. (SBET) reported free cash flow of -$9.14M in Q4 2025.
How has Sharplink, Inc. 's free cash flow changed year-over-year?: Sharplink, Inc. 's free cash flow decreased by 620.4% year-over-year, from -$1.27M to -$9.14M.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.