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SAIHEAT vs Sharplink: revenue, profit, margins and growth compared

SAIHEAT brought in $4.5M of revenue in fiscal 2025, Sharplink $28.1M in fiscal 2025. Revenue changed by -18.4% at SAIHEAT and +666.1% at Sharplink on the year before, so Sharplink grew faster. SAIHEAT kept -142.7% of its revenue as net profit, Sharplink -2,618.4%.

Side by side, latest fiscal year

SAIHSBET
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.5M$28.1M
Revenue growth-18.4%+666.1%
Net income-$6.5M-$734.6M
Net margin-142.7%-2,618.4%
Free cash flown/a-$17.6M
Free cash flow marginn/a-62.6%
Earnings per share (diluted)-$3.51-$7.37
Cash$202K$28.5M
Debtn/an/a
Price to earningsn/an/a
Market value$55.3M$2.1B
Dividend yieldn/an/a
Rank by revenue in sector#497 of 530 · Technology#465 of 530 · Technology

Over the years

Revenue
SAIH FY2020: $2MSAIH FY2021: $17MSAIH FY2022: $10.6MSAIH FY2023: $6.8MSAIH FY2024: $5.5MSAIH FY2025: $4.5MSBET FY2023: $3.5MSBET FY2023: $5MSBET FY2024: $3.7MSBET FY2025: $28.1MFY20FY21FY22FY23FY24FY25
SAIH $4.5MSBET $28.1M
Net income
SAIH FY2020: $403KSAIH FY2021: -$16.7MSAIH FY2022: -$8.8MSAIH FY2023: -$6.1MSAIH FY2024: -$5.9MSAIH FY2025: -$6.5MSBET FY2023: -$15.2MSBET FY2023: -$14.2MSBET FY2024: $10.1MSBET FY2025: -$734.6MFY20FY21FY22FY23FY24FY25
SAIH -$6.5MSBET -$734.6M
Net margin
SAIH FY2020: 20.6%SAIH FY2021: -98.0%SAIH FY2022: -83.1%SAIH FY2023: -90.3%SAIH FY2024: -106.2%SAIH FY2025: -142.7%SBET FY2023: -436.5%SBET FY2023: -287.6%SBET FY2024: 275.8%SBET FY2025: -2,618.4%FY20FY21FY22FY23FY24FY25
SAIH -142.7%SBET -2,618.4%
Revenue growth
SAIH FY2021: +770.6%SAIH FY2022: -37.6%SAIH FY2023: -36.3%SAIH FY2024: -18.2%SAIH FY2025: -18.4%SBET FY2023: +41.9%SBET FY2024: -26.1%SBET FY2025: +666.1%FY21FY22FY23FY24FY25
SAIH -18.4%SBET +666.1%
Free cash flow
SAIH FY2020: -$1.4MSAIH FY2021: -$5MSAIH FY2022: -$6.8MSAIH FY2023: -$8.2MSAIH FY2024: -$6.3MSBET FY2023: -$6MSBET FY2023: $570.7KSBET FY2024: -$22.8MSBET FY2025: -$17.6MFY20FY21FY22FY23FY24FY25
SAIH -$6.3MSBET -$17.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about SAIHEAT and Sharplink

Which is bigger by revenue, SAIHEAT or Sharplink?

Sharplink is bigger by revenue: $28.1M in fiscal 2025, against $4.5M for SAIHEAT in fiscal 2025.

Which keeps more of its revenue as profit, SAIHEAT or Sharplink?

SAIHEAT had a net margin of -142.7% in fiscal 2025; Sharplink had -2,618.4% in fiscal 2025.

Which grew revenue faster, SAIHEAT or Sharplink?

In their latest fiscal years revenue changed by -18.4% at SAIHEAT and +666.1% at Sharplink.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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