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Sharplink, Inc. SBET Affiliate Marketing Services — Cost Of Revenue

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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%
CapEx$3.7K+1,223%
Free cash flow-$9.1M-620%

Valuation

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Market cap$1.35B-56.5%
Enterprise value$1.3B
P/S26.9×-963×

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:CostOfRevenue.

The source filing: Sharplink, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:45 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001493152-26-036620
Line itemFor the Three Months Ended June 30, 2026 / ETH Treasury ManagementFor the Three Months Ended June 30, 2026 / Affiliate MarketingFor the Three Months Ended June 30, 2026 / Total ConsolidatedFor the Three Months Ended June 30, 2025 / ETH Treasury ManagementFor the Three Months Ended June 30, 2025 / Affiliate MarketingFor the Three Months Ended June 30, 2025 / Total Consolidated
Unrealized loss on crypto assets at fair value, net(321,003)-(321,003)(2,437)-(2,437)
Total gains (losses) from operations, net(319,570)-(319,570)2,937-2,937
Less:
Cost of revenues from affiliate marketing-258258-488488
Salaries and benefits2,5231432,666119741860
Stock-based compensation3,055-3,05516,37929816,677
Bank fees299-29976783
Asset manager fees772-772378-378

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FAQ

What is Sharplink, Inc.'s affiliate marketing services — cost of revenue?
Sharplink, Inc. (SBET) reported affiliate marketing services — cost of revenue of $258K in Q2 2026.
How has Sharplink, Inc.'s affiliate marketing services — cost of revenue changed year-over-year?
Sharplink, Inc.'s affiliate marketing services — cost of revenue decreased by 47.1% year-over-year, from $488K to $258K.
What is the long-term trend for Sharplink, Inc.'s affiliate marketing services — cost of revenue?
Over 2 years (2023 to 2025), Sharplink, Inc.'s affiliate marketing services — cost of revenue has grown at a -25.5% compound annual growth rate (CAGR), from $3.42M to $1.9M.
What does affiliate marketing services — cost of revenue mean?
Direct costs incurred to generate revenue within the affiliate marketing segment, such as platform maintenance, hosting, and partner-related transaction fees. Tracking this metric is essential for calculating the segment's gross margin and operational efficiency.

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