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Sharplink, Inc. SBET Total Cost of Revenue

Discontinued — last reported Q2 '25

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Segments

By segment

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Affiliate Marketing Services$258K-47.1%

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 14, 2025.

Filed
Aug 14, 2025
Fiscal quarter
Q2 FY2025
Calendar quarter
Q2 2025
Accession
0001641172-25-024107
Line item2025 / For the Three Months Ended June 30,2024 / For the Three Months Ended June 30,2025 / For the Six Months Ended June 30,2024 / For the Six Months Ended June 30,
Revenues$697,291$981,272$1,439,022$1,957,218
Cost of revenues488,202701,1421,098,1381,389,876
Gross profit209,089280,130340,884567,342
Operating expenses
Selling, general, and administrative expenses2,333,1671,484,6803,390,5063,456,755
Stock-based compensation, related party16,379,368-16,379,368-
Impairment of digital intangible assets87,813,295-87,813,295-
Realized gains on crypto assets, net(5,373,583)-(5,373,583)-

Item 1. FINANCIAL STATEMENTS: ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Sharplink, Inc.'s total cost of revenue?
Sharplink, Inc. (SBET) reported total cost of revenue of $488.2K in Q2 2025.
How has Sharplink, Inc.'s total cost of revenue changed year-over-year?
Sharplink, Inc.'s total cost of revenue decreased by 30.4% year-over-year, from $701.14K to $488.2K.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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