Symbols / SBET
SBET Chart
About
Sharplink, Inc. operates as an institutional-grade Ethereum treasury platform that provides public market investors with exposure to ETH. The platform focuses on Ethereum, which is used in various stablecoin, tokenized real-world asset, and decentralized finance settlement applications. The company also provides online affiliate marketing service. The company was formerly known as SharpLink Gaming, Inc. and changed its name to Sharplink, Inc. in February 2026. The company was founded in 2019 and is headquartered in Miami, Florida.
Fundamentals
Scroll to Statements| Sector | Financial Services | Industry | Capital Markets | Market Cap | 1.29B |
| Enterprise Value | 1.27B | Income | -1.00M | Sales | 13.11M |
| Book/sh | 15.96 | Cash/sh | 0.06 | Dividend Yield | — |
| Payout | 0.00% | Employees | 5 | IPO | — |
| P/E | — | Forward P/E | 3.97 | PEG | — |
| P/S | 98.30 | P/B | 0.41 | P/C | — |
| EV/EBITDA | -2796.50 | EV/Sales | 96.55 | Quick Ratio | 2.51 |
| Current Ratio | 8.75 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | -3.01 | EPS next Y | 1.65 | EPS Growth | — |
| Revenue Growth | 11.30% | Earnings | 2026-03-12 | ROA | -0.02% |
| ROE | -0.07% | ROIC | — | Gross Margin | 83.32% |
| Oper. Margin | 9.68% | Profit Margin | -7.86% | Shs Outstand | 196.69M |
| Shs Float | 196.28M | Short Float | 13.45% | Short Ratio | 3.62 |
| Short Interest | — | 52W High | 124.12 | 52W Low | 2.28 |
| Beta | 11.89 | Avg Volume | 7.90M | Volume | 6.63M |
| Target Price | $22.50 | Recom | Strong_buy | Prev Close | $6.49 |
| Price | $6.55 | Change | 0.92% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$22.50
Mean price target
2. Current target
$6.55
Latest analyst target
3. DCF / Fair value
$-0.42
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.55
Low
$10.00
High
$50.00
Mean
$22.50
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-02-23 | main | B. Riley Securities | Buy → Buy | $10 |
| 2026-01-29 | init | Canaccord Genuity | — → Buy | $16 |
| 2026-01-05 | init | Cantor Fitzgerald | — → Overweight | $15 |
| 2025-11-18 | main | B. Riley Securities | Buy → Buy | $19 |
| 2025-10-31 | init | Bernstein | — → Outperform | $24 |
| 2025-10-16 | init | B. Riley Securities | — → Buy | $32 |
| 2025-10-16 | init | JMP Securities | — → Market Outperform | $50 |
- Is SharpLink Gaming Stock a Buy or Sell After Apeiron Capital Sold Its Stake Valued at $23 Million? - The Motley Fool Mon, 02 Feb 2026 08
- Sharplink (SBET) Valuation After Ethereum Pivot And Rising Institutional Ownership - simplywall.st ue, 24 Feb 2026 09
- Crypto firm Sharplink now holds $1.72B in Ether and hires ex-Forbes editor - Stock Titan hu, 19 Feb 2026 13
- BIT Capital GmbH Raises Stock Position in Sharplink Gaming Inc. $SBET - MarketBeat Fri, 20 Feb 2026 11
- SBET Stock Continues to Tumble: Will SharpBet’s $75M ETH Bid Boost SBET Price? - Yahoo Finance ue, 21 Oct 2025 07
- SharpLink Gaming Highlights Ethereum Treasury Growth and Rebrand - The Globe and Mail Fri, 20 Feb 2026 08
- $SBET stock is down 12% today. Here's what we see in our data. - Quiver Quantitative Mon, 02 Feb 2026 08
- Sharplink: An Unfairly Penalized Ethereum Treasury Company - Seeking Alpha Sat, 07 Feb 2026 08
- SBET Stock To $40? - Forbes Mon, 25 Aug 2025 07
- Sharplink Rebrands Around Ethereum As Institutional Interest And Valuation Gap Grow - simplywall.st Mon, 23 Feb 2026 04
- 498,700 Shares in Sharplink Gaming Inc. $SBET Acquired by MMCAP International Inc. SPC - MarketBeat Mon, 23 Feb 2026 12
- Assessing SharpLink Gaming (SBET) Valuation After Recent Share Price Momentum And DCF Undervaluation Signals - Yahoo Finance Wed, 28 Jan 2026 08
- Sharplink Gaming Inc. (NASDAQ:SBET) Receives Consensus Rating of "Moderate Buy" from Analysts - MarketBeat Mon, 23 Feb 2026 10
- SharpLink Gaming (SBET): Reassessing Valuation After Recent Share Price Rebound and Crypto-Staking Expansion - Yahoo Finance Sun, 07 Dec 2025 08
- B. Riley Financial Cuts Sharplink Gaming (NASDAQ:SBET) Price Target to $10.00 - MarketBeat Mon, 23 Feb 2026 17
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 87549 | — | — | Stock Award(Grant) at price 0.00 per share. | DELUCIA ROBERT MICHAEL | Chief Financial Officer | — | 2026-01-08 00:00:00 | D |
| 1 | 291829 | — | — | Stock Award(Grant) at price 0.00 per share. | CHALOM JOSEPH | Chief Executive Officer | — | 2026-01-08 00:00:00 | D |
| 2 | 18334 | 351503.0 | — | Sale at price 19.17 per share. | GUTKOWSKI ROBERT M | Director | — | 2025-08-18 00:00:00 | D |
| 3 | 18334 | 351400.0 | — | Sale at price 19.17 per share. | BERNHARD LESLIE | Director | — | 2025-08-18 00:00:00 | D |
| 4 | 18334 | 351395.0 | — | Sale at price 19.17 per share. | MCKENZIE OBIE | Director | — | 2025-08-18 00:00:00 | D |
| 5 | 31665 | — | — | Stock Award(Grant) at price 0.00 per share. | GUTKOWSKI ROBERT M | Director | — | 2025-07-24 00:00:00 | D |
| 6 | 31665 | — | — | Stock Award(Grant) at price 0.00 per share. | BERNHARD LESLIE | Director | — | 2025-07-24 00:00:00 | D |
| 7 | 31665 | — | — | Stock Award(Grant) at price 0.00 per share. | MCKENZIE OBIE | Director | — | 2025-07-24 00:00:00 | D |
| 8 | 5556 | — | — | Stock Award(Grant) at price 0.00 per share. | GUTKOWSKI ROBERT M | Director | — | 2025-06-30 00:00:00 | D |
| 9 | 5556 | — | — | Stock Award(Grant) at price 0.00 per share. | GUTKOWSKI ROBERT M | Director | — | 2025-06-30 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -4.14M | -7.51M | -8.36M | -33.26M |
| TotalUnusualItems | 0.00 | -2.46M | -4.73M | 0.00 |
| TotalUnusualItemsExcludingGoodwill | 0.00 | -2.46M | -4.73M | 0.00 |
| NetIncomeFromContinuingOperationNetMinorityInterest | -4.47M | -11.25M | -14.10M | -33.47M |
| ReconciledDepreciation | 12.10K | 107.41K | 912.25K | 206.25K |
| ReconciledCostOfRevenue | 2.76M | 3.42M | 2.17M | 2.94M |
| EBITDA | -4.14M | -9.98M | -13.09M | -33.26M |
| EBIT | -4.15M | -10.08M | -14.00M | -33.47M |
| NetInterestIncome | -264.23K | -1.10M | -75.76K | 29.05K |
| InterestExpense | 324.52K | 1.15M | 109.17K | 0.00 |
| InterestIncome | 60.29K | 53.49K | 33.40K | 29.05K |
| NormalizedIncome | -4.47M | -8.78M | -9.37M | -33.47M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 10.10M | -14.24M | -15.23M | -55.64M |
| TotalExpenses | 8.43M | 11.38M | 13.05M | 36.13M |
| TotalOperatingIncomeAsReported | -4.76M | -8.89M | -14.28M | -33.49M |
| DilutedAverageShares | 337.25K | 230.08K | 207.33K | 119.17K |
| BasicAverageShares | 286.94K | 230.08K | 207.33K | 119.17K |
| DilutedEPS | 27.48 | -62.04 | -73.56 | -472.80 |
| BasicEPS | 35.16 | -62.04 | -73.56 | -472.80 |
| DilutedNIAvailtoComStockholders | 10.10M | -14.24M | -15.23M | -56.42M |
| NetIncomeCommonStockholders | 10.10M | -14.24M | -15.23M | -56.42M |
| OtherunderPreferredStockDividend | 0.00 | 373.56K | ||
| PreferredStockDividends | 8.86K | 406.82K | ||
| NetIncome | 10.10M | -14.24M | -15.23M | -55.64M |
| NetIncomeIncludingNoncontrollingInterests | 10.10M | -14.24M | -15.23M | -55.64M |
| NetIncomeDiscontinuousOperations | 14.57M | -2.99M | -1.14M | -22.17M |
| NetIncomeContinuousOperations | -4.47M | -11.25M | -14.10M | -33.47M |
| TaxProvision | -232.00 | 15.71K | -12.96K | 4.17K |
| PretaxIncome | -4.47M | -11.23M | -14.11M | -33.47M |
| OtherIncomeExpense | 553.33K | -3.71M | -4.48M | -26.17M |
| OtherNonOperatingIncomeExpenses | 553.33K | -1.24M | 250.00K | |
| SpecialIncomeCharges | 0.00 | -2.46M | -4.73M | 0.00 |
| ImpairmentOfCapitalAssets | 0.00 | 2.46M | 4.73M | 0.00 |
| RestructuringAndMergernAcquisition | 0.00 | 4.45M | ||
| NetNonOperatingInterestIncomeExpense | -264.23K | -1.10M | -75.76K | 29.05K |
| InterestExpenseNonOperating | 324.52K | 1.15M | 109.17K | 0.00 |
| InterestIncomeNonOperating | 60.29K | 53.49K | 33.40K | 29.05K |
| OperatingIncome | -4.76M | -6.43M | -9.56M | -33.49M |
| OperatingExpense | 5.67M | 7.96M | 10.87M | 33.20M |
| OtherOperatingExpenses | 23.30M | |||
| SellingGeneralAndAdministration | 5.67M | 7.96M | 10.87M | 9.89M |
| GeneralAndAdministrativeExpense | 29.76M | |||
| OtherGandA | 29.76M | |||
| GrossProfit | 906.27K | 1.53M | 1.32M | -299.36K |
| CostOfRevenue | 2.76M | 3.42M | 2.17M | 2.94M |
| TotalRevenue | 3.66M | 4.95M | 3.49M | 2.64M |
| OperatingRevenue | 3.66M | 4.95M | 3.49M | 2.64M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 7.00 | 7.00 | 7.00 | 7.00 |
| OrdinarySharesNumber | 407.29K | 238.64K | 223.99K | 186.34K |
| ShareIssued | 407.29K | 238.65K | 224.00K | 186.35K |
| NetDebt | 10.32M | 1.30M | ||
| TotalDebt | 12.81M | 2.68M | 165.52K | |
| TangibleBookValue | 2.07M | -9.57M | 529.06K | 5.13M |
| InvestedCapital | 2.08M | 3.41M | 5.67M | 14.19M |
| WorkingCapital | 2.07M | -8.14M | -5.00M | 3.63M |
| NetTangibleAssets | 2.07M | -9.57M | 532.89K | 5.13M |
| CapitalLeaseObligations | 241.11K | 165.52K | ||
| CommonStockEquity | 2.08M | -9.40M | 2.98M | 14.19M |
| PreferredStockEquity | 2.00 | 3.94K | 3.82K | 3.59K |
| TotalCapitalization | 2.08M | -7.97M | 5.05M | 14.19M |
| TotalEquityGrossMinorityInterest | 2.08M | -9.40M | 2.99M | 14.19M |
| StockholdersEquity | 2.08M | -9.40M | 2.99M | 14.19M |
| TreasuryStock | 29.00K | 29.00K | 29.00K | 29.00K |
| RetainedEarnings | -77.81M | -87.86M | -73.57M | -58.33M |
| AdditionalPaidInCapital | 79.92M | 77.91M | 76.04M | 72.10M |
| CapitalStock | 463.00 | 576.71K | 541.55K | 450.94K |
| CommonStock | 461.00 | 572.77K | 537.73K | 447.35K |
| PreferredStock | 2.00 | 3.94K | 3.82K | 3.59K |
| TotalLiabilitiesNetMinorityInterest | 488.30K | 80.68M | 62.06M | 6.37M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 0.00 | 1.43M | 3.15M | 507.81K |
| OtherNonCurrentLiabilities | 1.00 | 366.00K | ||
| LiabilitiesHeldforSaleNonCurrent | 0.00 | 1.08M | 365.98K | |
| PreferredSecuritiesOutsideStockEquity | 0.00 | |||
| NonCurrentDeferredLiabilities | 0.00 | 7.16K | 6.21K | 5.58K |
| NonCurrentDeferredTaxesLiabilities | 0.00 | 7.16K | 6.21K | 5.58K |
| LongTermDebtAndCapitalLeaseObligation | 1.42M | 2.06M | 136.26K | |
| LongTermCapitalLeaseObligation | 210.04K | 136.26K | ||
| LongTermDebt | 1.42M | 2.06M | ||
| CurrentLiabilities | 488.30K | 79.25M | 58.91M | 5.86M |
| OtherCurrentLiabilities | 10.02K | 66.40M | 56.82M | 3.33M |
| CurrentDeferredLiabilities | 44.34M | 308.06K | ||
| CurrentDeferredRevenue | 44.34M | 308.06K | ||
| CurrentDebtAndCapitalLeaseObligation | 11.39M | 620.17K | 29.27K | |
| CurrentCapitalLeaseObligation | 31.07K | 29.27K | ||
| CurrentDebt | 11.39M | 620.17K | ||
| OtherCurrentBorrowings | 5.04M | 620.17K | ||
| LineOfCredit | 0.00 | 6.35M | 0.00 | 0.00 |
| PensionandOtherPostRetirementBenefitPlansCurrent | 58.28K | 305.75K | 208.96K | 117.37K |
| PayablesAndAccruedExpenses | 420.00K | 1.16M | 1.26M | 2.07M |
| CurrentAccruedExpenses | 138.61K | 323.89K | 568.26K | 473.03K |
| InterestPayable | 0.00 | 48.88K | 0.00 | 0.00 |
| Payables | 281.39K | 834.06K | 689.16K | 1.60M |
| OtherPayable | 691.52K | |||
| DuetoRelatedPartiesCurrent | 0.00 | 93.95K | ||
| AccountsPayable | 281.39K | 834.06K | 689.16K | 813.62K |
| TotalAssets | 2.57M | 71.28M | 65.05M | 20.56M |
| TotalNonCurrentAssets | 16.52K | 176.90K | 11.13M | 11.07M |
| OtherNonCurrentAssets | 8.66M | 1.59M | ||
| NonCurrentPrepaidAssets | 284.00K | |||
| InvestmentsAndAdvances | 200.00K | 200.00K | ||
| GoodwillAndOtherIntangibleAssets | 13.16K | 168.11K | 2.45M | 9.06M |
| OtherIntangibleAssets | 13.16K | 168.11K | 838.46K | 5.55M |
| Goodwill | 0.00 | 1.62M | 3.51M | |
| NetPPE | 3.36K | 8.79K | 21.88K | 220.63K |
| AccumulatedDepreciation | -31.91K | -24.76K | -18.44K | |
| GrossPPE | 35.27K | 33.55K | 40.32K | 220.63K |
| OtherProperties | 35.27K | 33.55K | 40.32K | 220.63K |
| CurrentAssets | 2.55M | 71.10M | 53.91M | 9.49M |
| OtherCurrentAssets | 310.18K | 383.30K | 505.90K | 217.30K |
| AssetsHeldForSaleCurrent | 269.79K | 67.81M | 51.57M | 2.10M |
| RestrictedCash | 11.13M | 0.00 | ||
| PrepaidAssets | 466.62K | |||
| Receivables | 537.95K | 427.12K | 452.87K | 1.10M |
| OtherReceivables | 273.12K | 12.00K | 12.00K | 147.91K |
| AccountsReceivable | 264.83K | 415.12K | 440.87K | 956.55K |
| AllowanceForDoubtfulAccountsReceivable | 0.00 | 0.00 | 0.00 | 0.00 |
| GrossAccountsReceivable | 264.83K | 415.12K | 440.87K | 956.55K |
| CashCashEquivalentsAndShortTermInvestments | 1.44M | 2.49M | 1.38M | 6.07M |
| CashAndCashEquivalents | 1.44M | 2.49M | 1.38M | 6.07M |
| CashFinancial | 1.44M | 2.49M | 1.38M | 6.07M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -22.82M | 296.74K | -5.97M | -6.33M |
| RepurchaseOfCapitalStock | 0.00 | |||
| RepaymentOfDebt | -13.12M | -1.04M | -549.23K | 0.00 |
| IssuanceOfDebt | 550.00K | 10.35M | 3.25M | 0.00 |
| IssuanceOfCapitalStock | 869.27K | 0.00 | 0.00 | 15.84M |
| CapitalExpenditure | -1.72K | -286.15K | -35.80K | -260.24K |
| InterestPaidSupplementalData | 485.53K | 485.53K | 109.17K | 0.00 |
| IncomeTaxPaidSupplementalData | 504.75K | 86.32K | 19.92K | 0.00 |
| EndCashPosition | 1.54M | 60.44M | 1.38M | 6.07M |
| BeginningCashPosition | 60.44M | 51.11M | 6.07M | 2.59M |
| ChangesInCash | -58.90M | 9.34M | -4.68M | 3.48M |
| CashFlowFromDiscontinuedOperation | -57.95M | -49.72M | -1.72M | |
| FinancingCashFlow | -17.38M | 9.78M | 2.68M | 15.68M |
| CashFromDiscontinuedFinancingActivities | -5.84M | 481.57K | 0.00 | 0.00 |
| CashFlowFromContinuingFinancingActivities | -11.54M | 9.30M | 2.68M | 15.68M |
| NetOtherFinancingCharges | -7.50K | -25.43K | -190.16K | |
| ProceedsFromStockOptionExercised | 159.89K | 0.00 | 0.00 | 24.26K |
| CashDividendsPaid | 0.00 | |||
| NetPreferredStockIssuance | 0.00 | 6.00M | ||
| PreferredStockIssuance | 0.00 | 6.00M | ||
| NetCommonStockIssuance | 869.27K | 0.00 | 0.00 | 9.84M |
| CommonStockPayments | 0.00 | |||
| CommonStockIssuance | 869.27K | 0.00 | 0.00 | 9.84M |
| NetIssuancePaymentsOfDebt | -12.57M | 9.31M | 2.70M | 0.00 |
| NetShortTermDebtIssuance | -6.35M | 6.35M | 0.00 | |
| ShortTermDebtPayments | -6.90M | 0.00 | ||
| ShortTermDebtIssuance | 550.00K | 6.35M | 0.00 | |
| NetLongTermDebtIssuance | -6.22M | 2.96M | 2.70M | 0.00 |
| LongTermDebtPayments | -6.22M | -1.04M | -549.23K | 0.00 |
| LongTermDebtIssuance | 4.00M | 3.25M | 0.00 | |
| InvestingCashFlow | -18.71M | -1.03M | 48.30M | -4.41M |
| CashFromDiscontinuedInvestingActivities | -18.86M | -745.95K | 48.72M | 1.93M |
| CashFlowFromContinuingInvestingActivities | 148.28K | -286.15K | -419.30K | -6.34M |
| NetOtherInvestingChanges | 48.86M | 1.93M | ||
| NetBusinessPurchaseAndSale | 0.00 | -388.00K | -6.08M | |
| PurchaseOfBusiness | 0.00 | -388.00K | -6.08M | |
| NetIntangiblesPurchaseAndSale | 150.00K | 0.00 | ||
| SaleOfIntangibles | 150.00K | 0.00 | ||
| NetPPEPurchaseAndSale | 0.00 | 4.49K | 0.00 | |
| SaleOfPPE | 0.00 | 4.49K | 0.00 | |
| CapitalExpenditureReported | -1.72K | -286.15K | -35.80K | -260.24K |
| OperatingCashFlow | -22.81M | 582.89K | -5.94M | -6.07M |
| CashFromDiscontinuedOperatingActivities | -16.96M | 5.50M | 2.11M | -215.88K |
| CashFlowFromContinuingOperatingActivities | -5.86M | -4.92M | -8.05M | -5.85M |
| ChangeInWorkingCapital | -1.35M | 1.36M | -224.31K | 447.86K |
| ChangeInOtherWorkingCapital | -76.60K | -115.45K | ||
| ChangeInOtherCurrentLiabilities | 0.00 | -98.36K | ||
| ChangeInOtherCurrentAssets | 0.00 | 0.00 | ||
| ChangeInPayablesAndAccruedExpense | -1.31M | 1.34M | 37.82K | 798.03K |
| ChangeInAccruedExpense | 1.34M | 37.82K | 798.03K | |
| ChangeInPrepaidAssets | 73.11K | -6.39K | -253.84K | -203.59K |
| ChangeInReceivables | -110.83K | 25.75K | 68.32K | -48.22K |
| ChangesInAccountReceivables | 162.29K | 25.75K | 68.32K | -175.65K |
| OtherNonCashItems | 71.78K | 898.51K | -252.45K | 47.48M |
| StockBasedCompensation | 148.52K | 261.37K | 1.94M | 1.66M |
| UnrealizedGainLossOnInvestmentSecurities | -255.82K | 1.23M | 0.00 | |
| AssetImpairmentCharge | 0.00 | 2.46M | 4.73M | 0.00 |
| DeferredTax | -7.16K | -6.21K | 81.32K | 1.17K |
| DeferredIncomeTax | -7.16K | -6.21K | 81.32K | 1.17K |
| DepreciationAmortizationDepletion | 12.10K | 107.41K | 912.25K | 206.25K |
| DepreciationAndAmortization | 12.10K | 107.41K | 912.25K | 206.25K |
| OperatingGainsLosses | 12.61K | 2.59K | 2.00M | |
| GainLossOnInvestmentSecurities | 2.00M | |||
| GainLossOnSaleOfPPE | 0.00 | 12.61K | 2.59K | 0.00 |
| NetIncomeFromContinuingOperations | -4.47M | -11.25M | -15.23M | -55.64M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for SBET
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|