Sharplink, Inc. (SBET) Stock Price & Analysis
Sharplink, Inc. (SBET) closed at USD 7.63 on Friday, October 23, 2026, down 2.93% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 7.63; the Oct 23, 2026 session ranged USD 7.61–8.02 on volume of 7,140,238 shares. Market capitalization is —, with a 52-week range of USD 4.46–14.9 (NCM). Source: Nexqual, retrieved October 24, 2026 at 04:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SBET.md
Key facts (SBET)
- Last four reported quarters (through Jun 30, 2026): revenue $50.2M, net income -$1.71B (-3406.3% margin) (SEC filings).
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $47.9M; 4 not under a Rule 10b5-1 plan ($47.9M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y -45.2% vs S&P 500 +13.4%; 5Y -98.3% vs S&P 500 +76.9%.
- Next earnings: 2026-11-12, EPS estimate USD -0.02, revenue estimate $10.5M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SBET)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $3.5M | $5.0M | $3.7M | $28.1M | $50.2M |
| Gross profit | $1.3M | $1.5M | $906K | — | — |
| Operating income | -$14.3M | -$8.9M | -$4.8M | -$734M | -$1.71B |
| Net income | -$15.2M | -$14.2M | $10.1M | -$735M | -$1.71B |
| EPS (diluted) | -$73.56 | -$62.04 | $27.62 | -$7.37 | — |
| Free cash flow | -$6.0M | $571K | -$22.8M | -$17.6M | — |
| Gross margin | 37.7% | 30.9% | 24.7% | — | — |
| Operating margin | -409.3% | -179.6% | -130.1% | -2616.0% | -3401.5% |
| Net margin | -436.5% | -287.6% | 275.8% | -2618.4% | -3406.3% |
| Revenue growth | — | +41.9% | -26.1% | +666.1% | — |
| Cash + short-term investments | $1.4M | $2.5M | $1.5M | $28.5M | — |
| Total debt | $2.1M | $2.1M | $0K | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SBET)
P/E at fiscal year-ends: Dec 2024 0.3x.
Insider sales (SEC Form 4, open-market, last ~7 months) (SBET)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-08 | Lubin Joseph Michael | Director | 5,676,952 | $47.6M | 43.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-12 | McKenzie Obie | Director | 12,892 | $96K | 34% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-12 | Bernhard Leslie | Director | 12,892 | $96K | 34% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-12 | Gutkowski Robert M | Director | 12,892 | $95K | 34% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SBET)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-22 | B. Riley Securities | Target raised | Buy | $12 → $14 |
| 2026-09-10 | Cantor Fitzgerald | Target raised | Overweight | $8.3 → $17 |
| 2026-08-18 | Canaccord Genuity | Target lowered | Buy | $16 → $8 |
| 2026-07-31 | TD Cowen | Target lowered | Buy | $16 → $13 |
| 2026-07-09 | Citizens | Target lowered | Market Outperform | $40 → $30 |
| 2026-07-01 | Cantor Fitzgerald | Target lowered | Overweight | $10.5 → $8.1 |
Total return (dividends reinvested) (SBET)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -45.2% | -98.3% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -45.3% | -55.6% |
| Volatility (annualized) | 78.3% | 167.8% |
| Max drawdown | -68.1% (Oct 2025→Jun 2026) | -99.4% (Nov 2021→Apr 2025) |
SBET revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| ETH Treasury Management | $11.2M | 96.8% | +38386.2% |
| Affiliate Marketing Services | $367,000 | 3.2% | -45.1% |
| Total revenue | $11.5M | 100% | — |
SBET revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $11.2M | 96.9% | +6174.7% |
| Non Us | $359,000 | 3.1% | -30.8% |
| Total revenue | $11.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name SBET in their SEC reports
| Relationship to SBET | Company | Filing | Sentence |
|---|---|---|---|
| customer | Nexalin Technology, Inc. (NXL) | 10-K Mar 25, 2026 | “Universal Power Group, Inc., a global supplier of power solutions; and Sharplink Inc., a leading Ethereum (ETH) treasury platform.” |
SBET customer concentration
In the period ended Dec 31, 2024, 4 direct customers each accounted for at least 10% (39%, 22%, 14%, 14%) of revenue, per the company's 10-K filed Mar 9, 2026. The company does not name them.
SBET analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.02 | $0.00 | — | $10.5M | 1 |
| Next quarter (ends Dec 2026) | $-0.01 | $0.00 | — | $13.0M | 1 |
| Current fiscal year (ends Dec 2026) | $-5.08 | $-3.16 | +60.6% | $47.0M | 4 |
| Next fiscal year (ends Dec 2027) | $-0.06 | $0.00 | — | $74.3M | 1 |
SBET options: expected move
Options price a move of about ±15.9% (±$1.21) by Nov 13, 2026, which includes earnings on Nov 12, 2026; the earnings reaction alone is priced at about ±6.4%. Over the last 5 reports the stock moved ±5.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 71.7% | ±8.0% |
| Nov 6, 2026 | 14 | 78.6% | ±12.4% |
| Nov 13, 2026 | 21 | 82.8% | ±15.9% |
| Nov 20, 2026 | 28 | 80.2% | ±17.8% |
| Nov 27, 2026 | 35 | 72.8% | ±18.0% |
| Dec 4, 2026 | 42 | 77.9% | ±21.1% |
| Dec 18, 2026 | 56 | 72.3% | ±23.4% |
| Jan 15, 2027 | 84 | 73.4% | ±28.9% |
30-day implied volatility 74.8% vs 75.2% realized over the last 30 trading days. Put/call ratio (volume) 0.47. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 24, 2026 at 04:24 UTC)
| Price | USD 7.63 |
|---|---|
| Change | ▼ 2.93% (down) |
| Previous Close | USD 7.63 |
| Open | USD 7.63 |
| Day Range | USD 7.61 – 8.02 |
| 52-Week Range | USD 4.46 – 14.9 |
| Volume | 7,140,238 shares |
| Market Cap | — |
| Exchange | NCM |
Technical Analysis (SBET)
Nexqual's technical model rates SBET "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 24, 2026 at 04:24 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 40.37 (neutral) |
| vs SMA50 | Below (USD 8.52) |
| MACD | -0.27 (negative) |
Earnings (SBET)
| Next Earnings Date | 2026-11-12 |
|---|---|
| EPS Estimate | USD -0.02 |
| Revenue Estimate | $10.51M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.88 vs est 0.01 ▼ miss |
| 2026-03-31 | USD -3.25 vs est -0.62 ▼ miss |
| 2025-09-30 | USD 0.67 vs est 1.3 ▼ miss |
Source: Nexqual, October 24, 2026 at 04:24 UTC.
Financials & Fundamentals (SBET)
| Total Revenue | $50.20M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +1553.90% |
| Gross Margin | +97.02% |
| Operating Margin | -2752.95% |
| Profit Margin | +0.00% |
| ROE | -183.57% |
| Current Ratio | 10.46 |
| Total Cash | $56.20M |
| Total Debt | $0 |
Source: Nexqual, October 24, 2026 at 04:24 UTC.
Ownership (SBET)
| Insider Ownership | +6.38% |
|---|---|
| Institutional Ownership | +51.64% |
| Shares Outstanding | 217.22M |
| Float | 195.79M |
| Short % of Float | +18.91% |
Source: Nexqual, October 24, 2026 at 04:24 UTC.
From Sharplink, Inc.'s Latest SEC 10-K Filing (filed 2026-03-09)
Key Strengths & Strategy (as disclosed to the SEC)
- In stablecoins, over 60% of the $300+ billion market settles on Ethereum, with major issuers including Circle, Tether, and PayPal choosing Ethereum as their primary infrastructure. tokenization, institutions have deployed over $18 billion in real-world assets on Ethereum (representing 900x growth since 2023).
- We rely on a combination of trademark, trade secret, confidentiality, database protection and other intellectual property laws in the United States and other jurisdictions, as well as contractual protections, to safeguard our proprietary assets.
- Our participation in the consortium enables us to help steer capital allocation toward high-impact infrastructure, public goods and innovation pipelines that are intended to strengthen the long-term utility and defensibility of the Ethereum network, reinforcing the intrinsic value of our own ETH treasury assets.
Partnerships
- December 20, 2025, the Company executed a strategic collaboration with Consensys Software Inc. ("CSI"), Ether.fi, Eigen Labs, and Anchorage Digital Bank N.A. to deploy a minimum of $200,000 of ETH from its treasury onto Linea, a Zero-knowledge Ethereum Virtual Machine ("zkEVM") Layer 2 network, over an initial 24-month period.
- September 24, 2025, the Company entered into a digital transfer agent agreement with Superstate Services LLC with the intent to tokenize the Company's Common Stock, par value $0.0001 per share (the "Common Stock") on the Ethereum blockchain.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 04:24 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt