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Sharplink, Inc. SBET ETH Treasury Management — Operating Income

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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:OperatingIncomeLoss.

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
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:
Cost of revenues from affiliate marketing-258258-488488
Salaries and benefits2,5231432,666119741860
Stock-based compensation3,055-3,05516,37929816,677

Cover / Front Matter

FAQ

What is Sharplink, Inc.'s ETH treasury management — operating income?
Sharplink, Inc. (SBET) reported ETH treasury management — operating income of -$319.57M in Q2 2026.
What does ETH treasury management — operating income mean?
Measures the net operating profitability of the Ethereum treasury management segment after accounting for all associated revenues and operating expenses. This indicates the segment's overall efficiency and contribution to the company's bottom line.

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