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SHARPLINK GAMING INC (SBET) Stock Fundamental Analysis

USA - NASDAQ:SBET - US8200144058 - Common Stock

14.79 USD
+0.45 (+3.14%)
Last: 10/20/2025, 8:15:28 PM
14.83 USD
+0.04 (+0.27%)
After Hours: 10/20/2025, 8:15:28 PM
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. SBET is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

SBET had negative earnings in the past year.
SBET had a positive operating cash flow in the past year.
SBET had negative earnings in each of the past 5 years.
In the past 5 years SBET reported 4 times negative operating cash flow.
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 worse Return On Assets (-32.76%) than 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 Gross Margin of 33.50%. This is in the lower half of the industry: SBET underperforms 71.64% of its industry peers.
In the last couple of years the Gross Margin of SBET has declined.
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.
The number of shares outstanding for SBET has been increased compared to 1 year ago.
SBET has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SBET is higher compared to a year ago.
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

An Altman-Z score of 18.19 indicates that SBET is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 18.19, SBET belongs to the best of the industry, outperforming 98.51% of the companies in the same industry.
The Debt to FCF ratio of SBET is 43.18, which is on the high side as it means it would take SBET, 43.18 years of fcf income to pay off all of its debts.
SBET's Debt to FCF ratio of 43.18 is in line compared to the rest of the industry. SBET outperforms 40.30% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 43.18
Altman-Z 18.19
ROIC/WACCN/A
WACC8.64%
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's Current ratio of 0.90 is in line compared to the rest of the industry. SBET outperforms 50.75% of its industry peers.
A Quick Ratio of 0.90 indicates that SBET may have some problems paying its short term obligations.
The Quick ratio of SBET (0.90) 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.
SBET shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -32.06%.
Measured over the past years, SBET shows a decrease in Revenue. The Revenue has been decreasing by -3.31% on average per year.
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

The Earnings Per Share is expected to grow by 26.03% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 175.44% on average over the next years. This is a very strong growth
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

Based on the Price/Free Cash Flow ratio, SBET is valued a bit more expensive than the industry average as 63.43% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 9577.34
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

A more expensive valuation may be justified as SBET's earnings are expected to grow with 26.03% in the coming years.
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 (10/20/2025, 8:15:28 PM)

After market: 14.83 +0.04 (+0.27%)

14.79

+0.45 (+3.14%)

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 Cap2.84B
Analysts82.86
Price Target48.96 (231.03%)
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 191.06
P/FCF 9577.34
P/OCF 4874.95
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
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
ROICexcg growth 3YN/A
ROICexcg 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 18.19
F-Score5
WACC8.64%
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