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Sharplink, Inc. (SBET) Fundamental Analysis & AI Grade 2026

SBET Nasdaq Finance Services DE CIK: 0001981535
Updated This Month • Analysis: May 13, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
93% Confidence
N/A
D
93% Conf
Pending
Analysis scheduled

📊 SBET Key Takeaways

Revenue: $12.1M
Net Margin: -5,685.5%
Free Cash Flow: $-10.7M
Current Ratio: 3.32x
Debt/Equity: 0.00x
EPS: $-3.25
AI Grade: D with 93% confidence
Sharplink, Inc. (SBET) receives a D fundamental grade with 93% confidence from our AI analysis based on SEC 10-K filings. With revenue of $12.1M, net profit margin of -5,685.5%, and return on equity (ROE) of -39.4%, Sharplink, Inc. demonstrates mixed fundamentals in the Finance sector. Below is our complete SBET stock analysis for 2026.

Is Sharplink, Inc. (SBET) a Good Investment?

Claude

Sharplink exhibits extreme fundamental distress with a $684.6M operating loss on $12.1M revenue, resulting in catastrophic profitability metrics (operating margin -5677%, net margin -5685%) and negative operating cash flow of $10.6M. Despite strong YoY revenue growth of 666% from a negligible base and low debt burden, the company is operationally insolvent with a fundamentally broken business model destroying shareholder value at an accelerating rate.

Sharplink, Inc. Key Strengths (SBET)

Claude
  • + Exceptional top-line revenue growth of 666% YoY demonstrates market demand or transaction volume expansion
  • + Zero long-term debt and minimal liabilities ($5.4M) provide balance sheet flexibility
  • + Strong liquidity ratios (Current 3.32x, Quick 3.32x) provide near-term solvency cushion

SBET Stock Risks: Sharplink, Inc. Investment Risks

Claude
  • ! Operating loss of $684.6M dwarfs $12.1M revenue, indicating severe unit economics or massive impairments
  • ! Negative operating cash flow of $10.6M with FCF margin of -88.4% shows unsustainable cash burn with no profitability path visible
  • ! Return metrics deeply negative (ROE -39.4%, ROA -39.3%) demonstrate value destruction and non-viable business model fundamentals
  • ! Widening gap between revenue growth and profitability deterioration suggests growth is value-destructive rather than value-accretive

Key Metrics to Watch

Claude
  • * Operating cash flow trajectory and runway until cash depletion
  • * Path to EBITDA and operating profit profitability with timeline
  • * Gross margin expansion sustainability and operating expense reduction initiatives
  • * Capital raise necessity and shareholder dilution risk

Sharplink, Inc. (SBET) Financial Metrics & Key Ratios

Revenue
$12.1M
Net Income
$-685.6M
EPS (Diluted)
$-3.25
Free Cash Flow
$-10.7M
Total Assets
$1.7B
Cash Position
$16.9M

💡 AI Analyst Insight

Strong liquidity with a 3.32x current ratio provides a solid financial cushion.

SBET Profit Margin, ROE & Profitability Analysis

Gross Margin 2.8%
Operating Margin -5,677.4%
Net Margin -5,685.5%
ROE -39.4%
ROA -39.3%
FCF Margin -88.4%

SBET vs Finance Sector: How Sharplink, Inc. Compares

How Sharplink, Inc. compares to Finance sector averages

Net Margin
SBET -5,685.5%
vs
Sector Avg 25.0%
SBET Sector
ROE
SBET -39.4%
vs
Sector Avg 12.0%
SBET Sector
Current Ratio
SBET 3.3x
vs
Sector Avg 1.2x
SBET Sector
Debt/Equity
SBET 0.0x
vs
Sector Avg 2.0x
SBET Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Sharplink, Inc. Stock Overvalued? SBET Valuation Analysis 2026

Based on fundamental analysis, Sharplink, Inc. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
-39.4%
Sector avg: 12%
Net Profit Margin
-5,685.5%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Sharplink, Inc. Balance Sheet: SBET Debt, Cash & Liquidity

Current Ratio
3.32x
Quick Ratio
3.32x
Debt/Equity
0.00x
Debt/Assets
0.3%
Interest Coverage
-2,111.63x
Long-term Debt
$0.0

SBET Revenue & Earnings Growth: 5-Year Financial Trend

SBET 5-year financial data: Year 2023: Revenue $5.0M, Net Income -$15.2M, EPS $-6.13.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Sharplink, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $27.62 reflects profitable operations.

SBET Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-88.4%
Free cash flow / Revenue

SBET Quarterly Earnings & Performance

Quarterly financial performance data for Sharplink, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q2 2025 $697.3K -$463.0K $-1.35
Q1 2025 $741.7K -$974.9K $-1.84
Q1 2024 $975.9K N/A $-1.01

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Sharplink, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$10.6M
Cash generated from operations
Stock Buybacks
$31.7M
Shares repurchased (TTM)
Capital Expenditures
$11.0K
Investment in assets
Dividends
None
No dividend program

SBET SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Sharplink, Inc. (CIK: 0001981535)

📋 Recent SEC Filings

Date Form Document Action
May 15, 2026 4 xslF345X06/ownership.xml View →
May 15, 2026 4 xslF345X06/ownership.xml View →
May 15, 2026 4 xslF345X06/ownership.xml View →
May 11, 2026 8-K form8-k.htm View →
May 8, 2026 10-Q form10-q.htm View →

Frequently Asked Questions about SBET

What is the AI rating for SBET?

Sharplink, Inc. (SBET) has an AI grade of D with 93% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SBET's key strengths?

Claude: Exceptional top-line revenue growth of 666% YoY demonstrates market demand or transaction volume expansion. Zero long-term debt and minimal liabilities ($5.4M) provide balance sheet flexibility.

What are the risks of investing in SBET?

Claude: Operating loss of $684.6M dwarfs $12.1M revenue, indicating severe unit economics or massive impairments. Negative operating cash flow of $10.6M with FCF margin of -88.4% shows unsustainable cash burn with no profitability path visible.

What is SBET's revenue and growth?

Sharplink, Inc. reported revenue of $12.1M.

Does SBET pay dividends?

Sharplink, Inc. does not currently pay dividends.

Where can I find SBET SEC filings?

Official SEC filings for Sharplink, Inc. (CIK: 0001981535) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SBET's EPS?

Sharplink, Inc. has a diluted EPS of $-3.25.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SBET's fundamental grade?

Based on our AI fundamental analysis in May 2026, Sharplink, Inc. has a D grade with 93% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SBET stock overvalued or undervalued?

Valuation metrics for SBET: ROE of -39.4% (sector avg: 12%), net margin of -5,685.5% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

What is SBET's AI grade for 2026?

Our dual AI analysis gives Sharplink, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SBET's free cash flow?

Sharplink, Inc.'s operating cash flow is $-10.6M, with capital expenditures of $11.0K. FCF margin is -88.4%.

How does SBET compare to other Finance stocks?

Vs Finance sector averages: Net margin -5,685.5% (avg: 25%), ROE -39.4% (avg: 12%), current ratio 3.32 (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 13, 2026 | Data as of: 2026-03-31 | Powered by Claude AI