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SHARPLINK GAMING INC (SBET) Stock Fundamental Analysis

USA - NASDAQ:SBET - US8200144058 - Common Stock

13.505 USD
+0.07 (+0.48%)
Last: 10/23/2025, 8:00:02 PM
13.7 USD
+0.19 (+1.44%)
Pre-Market: 10/24/2025, 7:53:15 AM
Fundamental Rating

2

Taking everything into account, SBET scores 2 out of 10 in our fundamental rating. SBET was compared to 134 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and financial health of SBET have multiple concerns. While showing a medium growth rate, SBET is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

SBET had negative earnings in the past year.
In the past year SBET had a positive cash flow from operations.
In the past 5 years SBET always reported negative net income.
SBET had negative operating cash flow in 4 of the past 5 years.
SBET Yearly Net Income VS EBIT VS OCF VS FCFSBET Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10M -20M -30M -40M -50M

1.2 Ratios

SBET has a Return On Assets of -32.76%. This is amonst the worse of the industry: SBET underperforms 95.52% of its industry peers.
Industry RankSector Rank
ROA -32.76%
ROE N/A
ROIC N/A
ROA(3y)-104.67%
ROA(5y)-69.83%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SBET Yearly ROA, ROE, ROICSBET Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200 -200 -400

1.3 Margins

SBET has a worse Gross Margin (33.50%) than 71.64% of its industry peers.
SBET's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for SBET so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 33.5%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-17.56%
GM growth 5Y-13.34%
SBET Yearly Profit, Operating, Gross MarginsSBET Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -500 -1K

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3

2. Health

2.1 Basic Checks

SBET does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SBET has more shares outstanding
SBET has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SBET has a worse debt to assets ratio.
SBET Yearly Shares OutstandingSBET Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50K 100K 150K 200K
SBET Yearly Total Debt VS Total AssetsSBET Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

2.2 Solvency

SBET has an Altman-Z score of 16.99. This indicates that SBET is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 16.99, SBET belongs to the best of the industry, outperforming 98.51% of the companies in the same industry.
SBET has a debt to FCF ratio of 43.18. This is a negative value and a sign of low solvency as SBET would need 43.18 years to pay back of all of its debts.
SBET has a Debt to FCF ratio (43.18) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 43.18
Altman-Z 16.99
ROIC/WACCN/A
WACC8.59%
SBET Yearly LT Debt VS Equity VS FCFSBET Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5M -5M 10M

2.3 Liquidity

A Current Ratio of 0.90 indicates that SBET may have some problems paying its short term obligations.
SBET has a Current ratio (0.90) which is in line with its industry peers.
A Quick Ratio of 0.90 indicates that SBET may have some problems paying its short term obligations.
SBET has a Quick ratio (0.90) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.9
SBET Yearly Current Assets VS Current LiabilitesSBET Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

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4

3. Growth

3.1 Past

SBET shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.74%, which is quite good.
The Revenue for SBET has decreased by -32.06% in the past year. This is quite bad
SBET shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.31% yearly.
EPS 1Y (TTM)15.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-4574.42%
Revenue 1Y (TTM)-32.06%
Revenue growth 3Y7.2%
Revenue growth 5Y-3.31%
Sales Q2Q%36.05%

3.2 Future

SBET is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.03% yearly.
Based on estimates for the next years, SBET will show a very strong growth in Revenue. The Revenue will grow by 175.44% on average per year.
EPS Next YN/A
EPS Next 2Y40.82%
EPS Next 3Y26.03%
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2Y166.23%
Revenue Next 3Y175.44%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SBET Yearly Revenue VS EstimatesSBET Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2025 2026 20M 40M 60M 80M 100M
SBET Yearly EPS VS EstimatesSBET Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 0 -0.2 -0.4 -0.6 -0.8 -1

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1

4. Valuation

4.1 Price/Earnings Ratio

SBET reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SBET Price Earnings VS Forward Price EarningsSBET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of SBET indicates a slightly more expensive valuation: SBET is more expensive than 63.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8745.23
EV/EBITDA N/A
SBET Per share dataSBET EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -20 -40 -60 -80

4.3 Compensation for Growth

SBET's earnings are expected to grow with 26.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.82%
EPS Next 3Y26.03%

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0

5. Dividend

5.1 Amount

No dividends for SBET!.
Industry RankSector Rank
Dividend Yield N/A

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SHARPLINK GAMING INC

NASDAQ:SBET (10/23/2025, 8:00:02 PM)

Premarket: 13.7 +0.19 (+1.44%)

13.505

+0.07 (+0.48%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)08-15 2025-08-15
Earnings (Next)11-11 2025-11-11
Inst Owners13.28%
Inst Owner Change1.08%
Ins Owners0.11%
Ins Owner Change9.34%
Market Cap2.59B
Revenue(TTM)14.87M
Net Income(TTM)-23353200
Analysts82.86
Price Target48.96 (262.53%)
Short Float %10.84%
Short Ratio0.55
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 174.46
P/FCF 8745.23
P/OCF 4451.4
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-98.93
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0
FCFY0.01%
OCF(TTM)0
OCFY0.02%
SpS0.08
BVpS-0.05
TBVpS-0.05
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -32.76%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 33.5%
FCFM 1.99%
ROA(3y)-104.67%
ROA(5y)-69.83%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-17.56%
GM growth 5Y-13.34%
F-Score5
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 43.18
Debt/EBITDA N/A
Cap/Depr 266.48%
Cap/Sales 1.92%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.9
Quick Ratio 0.9
Altman-Z 16.99
F-Score5
WACC8.59%
ROIC/WACCN/A
Cap/Depr(3y)125.48%
Cap/Depr(5y)96.96%
Cap/Sales(3y)4.75%
Cap/Sales(5y)3.13%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-4574.42%
EPS Next YN/A
EPS Next 2Y40.82%
EPS Next 3Y26.03%
EPS Next 5YN/A
Revenue 1Y (TTM)-32.06%
Revenue growth 3Y7.2%
Revenue growth 5Y-3.31%
Sales Q2Q%36.05%
Revenue Next YearN/A
Revenue Next 2Y166.23%
Revenue Next 3Y175.44%
Revenue Next 5YN/A
EBIT growth 1Y40.2%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3Y90.08%
EBIT Next 5YN/A
FCF growth 1Y104.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y109.81%
OCF growth 3YN/A
OCF growth 5YN/A