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Sharplink, Inc. SBET ETH Staking Segmet — Crypto Assets At Cost

Similar metrics at other companies

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BTBTETH Staking — Cost Of Revenue
$121.33K+273%
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BTBTETH Staking — Revenue
$2.3M+310%
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BKKTReportable Segment — Crypto costs
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XXICrypto Asset At Beginning Shares
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EMP
EMPDCrypto Asset Cost Unrestricted
$80.52M
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EMPDCrypto Asset Cost Unrestricted
$80.52M

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 SBET:CryptoAssetsAtCost.

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 itemDecember 31, 2025December 31, 2024
Current assets from discontinued operations182270
Total current assets31,1532,555
Crypto assets at fair value1,899,683-
Crypto assets at cost500,912-
Equipment, net103
Intangible assets, net813
Total assets$2,431,766$2,571
Liabilities and Stockholders’ Equity

Document

FAQ

What is Sharplink, Inc.'s ETH staking segmet — crypto assets at cost?
Sharplink, Inc. (SBET) reported ETH staking segmet — crypto assets at cost of $500.91M in Q4 2025.
What does ETH staking segmet — crypto assets at cost mean?
This metric tracks the original purchase price or historical cost basis of the crypto assets held by the staking segment. Comparing this to fair value helps investors understand the unrealized gains or losses inherent in the segment's digital asset portfolio.

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