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Sharplink, Inc. SBET Affiliate Marketing Services — Revenue

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ETH Treasury Management
$11.16M

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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:Revenues.

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
Revenue from staking$11,161-$11,161$29-$29
Revenue from affiliate marketing-367367-668668
Total revenue11,16136711,52829668697
Gains and (losses) from operations
Realized gain on crypto assets, net1,433-1,4335,374-5,374
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:

Cover / Front Matter

FAQ

What is Sharplink, Inc.'s affiliate marketing services — revenue?
Sharplink, Inc. (SBET) reported affiliate marketing services — revenue of $367K in Q2 2026.
How has Sharplink, Inc.'s affiliate marketing services — revenue changed year-over-year?
Sharplink, Inc.'s affiliate marketing services — revenue decreased by 45.1% year-over-year, from $668K to $367K.
What is the long-term trend for Sharplink, Inc.'s affiliate marketing services — revenue?
Over 2 years (2023 to 2025), Sharplink, Inc.'s affiliate marketing services — revenue has grown at a -29.5% compound annual growth rate (CAGR), from $4.95M to $2.46M.
What does affiliate marketing services — revenue mean?
The aggregate top-line revenue recognized by the affiliate marketing segment from all service offerings. It serves as the primary measure of the segment's scale and its contribution to the company's overall financial performance.

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