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

SBET Nasdaq Finance Services DE CIK: 0001981535
Recently Updated • Analysis: Apr 15, 2026 • SEC Data: 2025-12-31
STRONG SELL
88% Conf
Pending
Analysis scheduled

📊 SBET Key Takeaways

Revenue: $28.1M
Net Margin: -2,618.4%
Free Cash Flow: $-17.6M
Current Ratio: 2.44x
Debt/Equity: 0.00x
EPS: $-7.37
AI Rating: STRONG SELL with 88% confidence
Sharplink, Inc. (SBET) receives a STRONG SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $28.1M, net profit margin of -2,618.4%, and return on equity (ROE) of -30.4%, 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 catastrophic profitability despite 666% revenue growth, with a net loss of $734.6M (net margin -2618%) and negative operating cash flow of -17.5M, indicating fundamental business model or cost structure failure. The company is burning cash at an unsustainable rate with only 28.5M in cash reserves and no clear path to profitability given the 1.2% gross margin.

Why Buy Sharplink, Inc. Stock? SBET Key Strengths

Claude
  • + Exceptional revenue growth of 666% YoY demonstrates strong market demand
  • + Strong balance sheet with 2.4B in total assets and minimal debt (zero long-term debt)
  • + Adequate near-term liquidity with current ratio of 2.44x

SBET Stock Risks: Sharplink, Inc. Investment Risks

Claude
  • ! Catastrophic net loss of 734.6M with net margin of -2618%, losing $26 for every dollar of revenue
  • ! Negative operating cash flow of -17.5M per period indicates unsustainable cash burn rate
  • ! Critically low gross margin of 1.2% suggests fundamental cost structure failure or severe operational inefficiency with no clear profitability path
  • ! Cash runway severely limited; 28.5M in cash against 17.5M quarterly burn rate allows only ~1.6 years of operations

Key Metrics to Watch

Claude
  • * Gross margin expansion - current 1.2% is unsustainably low and must improve dramatically
  • * Operating cash flow trend - must turn positive to validate business viability
  • * Cash balance and runway - with current burn rate, depletion timeline is critical

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

Revenue
$28.1M
Net Income
$-734.6M
EPS (Diluted)
$-7.37
Free Cash Flow
$-17.6M
Total Assets
$2.4B
Cash Position
$28.5M

💡 AI Analyst Insight

Strong liquidity with a 2.44x current ratio provides a solid financial cushion.

SBET Profit Margin, ROE & Profitability Analysis

Gross Margin 1.2%
Operating Margin -2,616.0%
Net Margin -2,618.4%
ROE -30.4%
ROA -30.2%
FCF Margin -62.6%

SBET vs Finance Sector: How Sharplink, Inc. Compares

How Sharplink, Inc. compares to Finance sector averages

Net Margin
SBET -2,618.4%
vs
Sector Avg 25.0%
SBET Sector
ROE
SBET -30.4%
vs
Sector Avg 12.0%
SBET Sector
Current Ratio
SBET 2.4x
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
-30.4%
Sector avg: 12%
Net Profit Margin
-2,618.4%
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
2.44x
Quick Ratio
2.44x
Debt/Equity
0.00x
Debt/Assets
0.5%
Interest Coverage
-2,263.82x
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
-62.6%
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
-$17.5M
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
Apr 14, 2026 8-K form8-k.htm View →
Apr 3, 2026 8-K form8-k.htm View →
Mar 31, 2026 4 xslF345X06/ownership.xml View →
Mar 17, 2026 DEF 14A formdef14a.htm View →
Mar 9, 2026 8-K form8-k.htm View →

Frequently Asked Questions about SBET

What is the AI rating for SBET?

Sharplink, Inc. (SBET) has an AI rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SBET's key strengths?

Claude: Exceptional revenue growth of 666% YoY demonstrates strong market demand. Strong balance sheet with 2.4B in total assets and minimal debt (zero long-term debt).

What are the risks of investing in SBET?

Claude: Catastrophic net loss of 734.6M with net margin of -2618%, losing $26 for every dollar of revenue. Negative operating cash flow of -17.5M per period indicates unsustainable cash burn rate.

What is SBET's revenue and growth?

Sharplink, Inc. reported revenue of $28.1M.

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 $-7.37.

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 rating reflects both perspectives for balanced insights.

Is SBET a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Sharplink, Inc. has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is SBET stock overvalued or undervalued?

Valuation metrics for SBET: ROE of -30.4% (sector avg: 12%), net margin of -2,618.4% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy SBET stock in 2026?

Our dual AI analysis gives Sharplink, Inc. a combined STRONG SELL rating 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 $-17.5M, with capital expenditures of $11.0K. FCF margin is -62.6%.

How does SBET compare to other Finance stocks?

Vs Finance sector averages: Net margin -2,618.4% (avg: 25%), ROE -30.4% (avg: 12%), current ratio 2.44 (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: Apr 15, 2026 | Data as of: 2025-12-31 | Powered by Claude AI