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NASDAQ · Technology

Sharplink, Inc. (SBET)

Sharplink, Inc. brought in $52.8M of revenue over the twelve months to September 30, 2026, up 303.0% from a year earlier. It posted a net loss of $1.1B. In fiscal 2025 capital spending exceeded operating cash flow by $17.6M. At September 30, 2026 it held $47.9M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.

Free, no password. An email when SBET files with the SEC.

Price
$6.13
-1.76% on the day · November 9, 2026
52-week range $4.46 to $12.29
Market cap
$1.3B
Revenue (last 12 months)
$52.8M
+303.0% year on year
Net margin
-2,012.5%

Key facts about Sharplink, Inc.

Net worth
Sharplink, Inc. has a market value (market cap) of $1.3B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $28.1M (+666.1% year on year), with a net loss of $734.6M. Over the 12 months to September 30, 2026: revenue $52.8M, net loss $1.1B.
Cash flow
In fiscal 2025 operations used $17.5M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Sharplink, Inc.'s next report is expected around March 8, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What Sharplink, Inc. does

Sharplink, Inc. is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker SBET.

Revenue and profit by year

Revenue
FY23: $3.5M $3.5M FY23FY23: $5M $5M FY23FY24: $3.7M $3.7M FY24FY25: $28.1M $28.1M FY25
Net income
FY23: -$15.2M -$15.2M FY23FY23: -$14.2M -$14.2M FY23FY24: $10.1M $10.1M FY24FY25: -$734.6M -$734.6M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$28.1M-$733.9M-$734.6M-$7.37-$17.6M
2024$3.7M-$4.8M$10.1M$27.62-$22.8M
2023$5M-$8.9M-$14.2M-$62.36$570.7K
2023$3.5M-$14.3M-$15.2M-$73.93-$6M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around March 8, 2027.

Estimated from its filing rhythm: 52 weeks after its report of March 9, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where SBET ranks in Technology

Revenue$28.1M
#530 of 751 in Technology · Bottom 29%
Revenue growth+666.1%
#8 of 604 in Technology · Top 1%
Net margin-2,618.4%
#611 of 611 in Technology · Bottom 1%
Free cash flow margin-62.6%
#528 of 568 in Technology · Bottom 7%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What Sharplink, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 9, 2026
  2. November 6, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 24% to $13.5M versus the same quarter last year; diluted EPS $3.45 versus $0.62.
  3. October 13, 2026
  4. August 14, 2026
  5. August 10, 2026
  6. August 7, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 1,553% to $11.5M versus the same quarter last year; diluted EPS -$1.88 versus -$4.27.
  7. August 7, 2026
  8. August 6, 2026
  9. July 30, 2026
  10. June 30, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 27, 2026. Insider transactions on SEC

Insider trades

What the people running Sharplink, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders sold $47.6M worth of shares in the last 90 days and bought none on the open market.

Bought (open market)
$0
last 90 days
Sold
$47.6M
last 90 days
Net sold
5,676,952
$47.6M
DateInsiderWhatSharesPriceValueFiling
October 24, 2026 DeLucia Robert MichaelChief Financial Officer Shares withheld for tax 1,592 $7.63 $12.1K Form 4
October 24, 2026 Chalom JosephChief Executive Officer, Director Shares withheld for tax 12,409 $7.63 $94.7K Form 4
October 24, 2026 Camarda Michael DChief Development Officer Shares withheld for tax 6,231 $7.63 $47.5K Form 4
October 20, 2026 Sheffield Matthew AChief Investment Officer Shares withheld for tax 53,211 $7.87 $418.8K Form 4
October 8, 2026 Lubin Joseph MichaelDirector Soldindirect 5,676,952 $8.39 $47.6M Form 4
September 9, 2026 Perez Dana EschenburgChief Accounting Officer Shares withheld for tax 2,841 $8.54 $24.3K Form 4
July 24, 2026 DeLucia Robert MichaelChief Financial Officer Shares withheld for tax 21,124 $5.81 $122.7K Form 4
July 24, 2026 Gutkowski Robert MDirector Received as pay 24,999 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns SBET

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Fmr LLC13G, passive with 1 related filers 13.3% 27,594,166 August 7, 2026
Highbridge Capital Management, LLC13G, passive 9.9% 24,370,924 August 14, 2026

Latest filings below 5%: Joseph Michael Lubin 4.9% (October 13, 2026); Kenneth Griffin 4.96% (August 15, 2025); Jane Street Group, LLC 1.1% (August 14, 2025); Alpha Capital Anstalt 0% (May 30, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 162 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.16,139,807$77.5M+12,557,670
Highbridge Capital Management LLC14,357,573$68.9M+13,668,620
Fmr LLC9,348,731$44.9M-9,213,124
Geode Capital Management, LLC5,472,724$37.7M+3,144,662
Renaissance Technologies LLC5,835,400$28M+4,022,894
UBS Group AG4,703,344$22.6M-128,774
Invesco Ltd.4,431,363$21.3M+1,186,397
Citadel Advisors LLC4,151,084$19.9M+910,050
State Street Corp3,650,602$17.5M+2,682,350
Morgan Stanley3,109,789$14.9M+1,373,845
Weiss Asset Management LP2,313,221$11.1M-729,327
Vanguard Capital Management LLC2,260,472$10.9M+62,200
Tidal Investments LLC2,250,095$10.8M-83,918
Millennium Management LLC1,946,094$9.3M-4,435,579
Susquehanna International Group, Llp1,833,037$8.8M+213,870
Philosophy Capital Management LLC1,633,918$7.8M+100,000
Charles Schwab Investment Management Inc1,625,425$7.8M+426,205
Northern Trust Corp1,596,941$7.7M+1,157,983
Bank of America Corp1,541,561$7.4M+266,119
Goldman Sachs Group Inc1,539,633$7.4M+692,574

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

9 insiders reported holding 8,048,943 shares in total, about $49.3M at the last price.

HolderSharesAs of
Lubin Joseph MichaelDirector 5,154,213 October 8, 2026
Chalom JosephChief Executive Officer, Director 1,051,951 October 24, 2026
Camarda Michael DChief Development Officer 593,993 October 24, 2026
Sheffield Matthew AChief Investment Officer 549,442 October 20, 2026
DeLucia Robert MichaelChief Financial Officer 410,744 October 24, 2026
Mckenzie ObieDirector 74,996 July 24, 2026
Bernhard LeslieDirector 74,996 July 24, 2026
Gutkowski Robert MDirector 74,996 July 24, 2026
Perez Dana EschenburgChief Accounting Officer 63,612 September 9, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about SBET

What does Sharplink, Inc. do?

Sharplink, Inc. is a company in the Technology sector, listed on NASDAQ as SBET. Its shares trade on NASDAQ under the ticker SBET.

What is Sharplink, Inc.'s net worth?

Sharplink, Inc. has a market value (market cap) of $1.3B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Sharplink, Inc. profitable?

No. Over the twelve months to September 30, 2026 it reported a net loss of $1.1B on revenue of $52.8M.

How much revenue does Sharplink, Inc. make?

Over the twelve months to September 30, 2026 Sharplink, Inc. reported revenue of $52.8M. That is 303.0% more than a year earlier.

When did Sharplink, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the quarterly results from November 9, 2026.

When is Sharplink, Inc.'s next earnings report?

Sharplink, Inc.'s next report is expected around March 8, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Sharplink, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.