Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Sharplink, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2023
FY2024
FY2025
Revenue
3.49
4.95
3.66
28.1
Cost of revenue
2.17
3.42
2.76
Gross profit
1.32
1.53
0.91
Selling, general and administrative
10.9
7.96
5.67
42.4
Operating expenses
15.6
10.4
8.43
201
Operating income
-14.3
-8.89
-4.76
-734
Interest expense
0.11
1.15
0.33
Interest income
0.03
0.05
0.06
0.45
Other non-operating income
0.17
-2.34
0.29
0.45
Pre-tax income
-14.1
-11.2
-4.47
-733
Income tax
-0.01
0.02
-0
1.05
Income from continuing operations
-14.1
-11.2
-4.47
-735
Net income
-15.2
-14.2
10.1
-735
EBITDA
-13.4
-8.79
-4.75
-734
EPS, basic
-73.93
-62.36
35.20
-7.37
EPS, diluted
-73.93
-62.36
27.62
-7.37
Shares, basic (weighted)
0.21
0.23
0.29
99.7
Shares, diluted (weighted)
0.21
0.23
0.34
99.7
Balance sheet
FY2023
FY2023
FY2024
FY2025
Cash and equivalents
1.38
2.49
1.54
28.5
Receivables
0.44
0.42
0.27
0.22
Other current assets
0.51
0
0
0.51
Total current assets
53.9
71.1
2.56
31.2
Property, plant and equipment
0.02
0.01
0
0.01
Goodwill
1.62
Intangible assets
0.84
0.17
0.01
0.01
Other non-current assets
0.02
Total assets
65
71.3
2.57
2,432
Accounts payable
0.69
0.83
0.28
12.7
Short-term debt
0.65
Total current liabilities
58.9
79.2
0.49
12.7
Long-term debt
2.06
1.42
0
Total liabilities
62.1
80.7
0.49
12.7
Total debt
2.06
2.08
0
Paid-in capital
76
77.9
79.9
3,263
Retained earnings
-73.6
-87.9
-77.8
-812
Treasury stock
-0.03
-0.03
-0.03
-31.7
Shareholders' equity
2.99
-9.4
2.08
2,419
Total equity
2.99
-9.4
2.08
2,419
Total liabilities and equity
65
71.3
2.57
2,432
Shares outstanding
0.22
0.24
0.41
197
Cash flow statement
FY2023
FY2023
FY2024
FY2025
Net income
-15.2
-14.2
10.1
-735
Depreciation and amortization
0.91
0.11
0.01
0.01
Stock-based compensation
1.94
0.26
0.15
13.7
Deferred income tax
0.08
-0.01
-0.01
Change in receivables
0.07
0.03
0.16
0.16
Change in payables
0.04
1.34
-1.31
7.23
Cash from operations
-5.94
0.58
-22.8
-17.5
Capital expenditures
-0.01
-0.01
-0
-0.01
Acquisitions
-0.39
Cash from investing
48.3
-1.03
-18.7
-2,954
Debt issued
3.25
Debt repaid
-0.55
-0.62
-2.07
Stock issued
0
0.87
2,147
Share buybacks
-31.7
Cash from financing
2.68
9.78
-17.4
2,999
Net change in cash
45
9.34
-58.9
27
Free cash flow
-5.95
0.57
-22.8
-17.6
Interest paid
0.11
0.49
0.49
Income taxes paid
0.02
0.09
0.51
0.45
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $9.63 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-3,401.0%
Operating income / revenue.
Pre-tax margin
-3,400.0%
Pre-tax income / revenue.
Net margin
-3,406.0%
Net income / revenue.
Operating cash flow margin
-66.1%
Cash from operations / revenue.
Return on equity (ROE)
-121.2%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-120.8%
Net income / average total assets.
Return on invested capital (ROIC)
-99.6%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue
115.4%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
39.1%
Stock-based compensation (from the cash flow statement) / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
666.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
100.3%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
-7,374.0%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
-126.7%
EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
115,976.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
832.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
94,484.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
234.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
29,468.0%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
684.8%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
10.5x
Current assets / current liabilities.
Quick ratio
10.3x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
10.2x
(Cash + short-term investments) / current liabilities.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.24
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.16
Cash from operations / diluted weighted shares.
Book value per share
$6.50
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
41.7x
Market cap / revenue.
P/B
1.48x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.48x
Market cap / tangible book value, when positive.
EV/Sales
40.5x
Enterprise value / revenue.
Earnings yield
-81.7%
Net income / market cap (the inverse of P/E).
What was Sharplink, Inc.'s revenue in fiscal 2025?
Sharplink, Inc. reported revenue of $28.1M for fiscal 2025, 666.1% higher than the year before.
Was Sharplink, Inc. profitable in fiscal 2025?
No. It reported a net loss of $734.6M.
How much free cash flow did Sharplink, Inc. generate in fiscal 2025?
Cash from operations of $17.5M minus capital expenditures of $11.0K left free cash flow of -$17.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.