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Sharplink, Inc. SBET ETH Staking Segmet — Stock-Based Comp

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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:ShareBasedCompensation.

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 itemETH Treasury ManagementAffiliate MarketingTotal Consolidated
Less:
Cost of revenues-1,8971,897
Salaries and benefits12,90285813,760
Stock-based compensation30,171-30,171
Bank fees8101811
Asset manager fees5,629-5,629
Accounting and Legal expenses5,163-5,163
Impairment of crypto assets at cost140,208-140,208

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FAQ

What is Sharplink, Inc.'s ETH staking segmet — stock-based comp?
Sharplink, Inc. (SBET) reported ETH staking segmet — stock-based comp of $7.54M in Q4 2025.
What does ETH staking segmet — stock-based comp mean?
Represents the non-cash expense recognized for equity-based awards granted to employees or service providers within the staking segment. This metric reflects the cost of talent retention and alignment through stock-based incentives. It is essential for understanding the true economic cost of labor beyond cash-based payroll.

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