| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Amortization of debt discount | NaN | 0 | 0 | 0 |
| Change in fair value | NaN | 0 | 0 | 0 |
| Deferred tax expense | NaN | 0 | 0 | 0 |
| Net cash used in operating activities - discontinued operations | 0 | 164,981 | -21,050 | -143,673 |
| Other receivable | 0 | 272,813 | NaN | 0 |
| Due from rsports interactive, inc | 1,511 | NaN | -419 | -1,092 |
| Net loss from discontinued operations, net of tax | 0 | NaN | NaN | NaN |
| Net loss from continuing operations | -685,561,000 | NaN | NaN | NaN |
| Accounts payable and accrued expenses - related party | NaN | NaN | 28,088 | 40,011 |
| Usdc rewards received from vendor | NaN | 190,000 | NaN | NaN |
| Net loss | -685,561,000 | NaN | NaN | NaN |
| Net loss from continuing operations | -685,561,000 | -734,476,008 | 104,247,275 | -103,370,535 |
| Depreciation and amortization | 1,000 | 2,839 | 2,082 | 1,967 |
| Stock-based compensation expense | 3,001,000 | 10,072,063 | 3,482,943 | 36,534 |
| Stock-based compensation expense, related party | NaN | 12 | 130,620 | 16,379,368 |
| Stock-based bonus accrual | NaN | 5,040,000 | NaN | NaN |
| Impairment on crypto assets at cost | NaN | NaN | 6,950,189 | 87,813,295 |
| Unrealized loss on crypto assets received at fair value, net | -506,664,000 | -616,173,000 | NaN | NaN |
| Unrealized loss on crypto assets | NaN | NaN | NaN | 2,437,026 |
| Unrealized gain on crypto assets at fair value, net | NaN | NaN | 104,889,114 | NaN |
| Realized gain on crypto assets, net | 12,005,000 | 54,715,000 | NaN | NaN |
| Realized gains on crypto assets, net | NaN | NaN | NaN | 5,373,583 |
| Realized gain on crypto assets at fair value, net | NaN | NaN | 11,681,359 | NaN |
| Realized gain on equity contributions in crypto assets | NaN | 498,000 | NaN | NaN |
| Rewards on native staking | 10,117,000 | 25,126,000 | NaN | NaN |
| Crypto rewards on native staking, net | NaN | NaN | 10,273,809 | 28,534 |
| Rewards on liquid staking | 806,000 | 1,412,000 | NaN | NaN |
| Loss on disposal of equipment | NaN | NaN | 0 | 0 |
| Rewards from protocol incentives and rebates | 981,000 | NaN | NaN | NaN |
| Accounts receivable | 62,000 | -355,324 | 187,250 | -51,047 |
| Prepaid expenses and other current assets | 360,000 | -19,770 | -124,795 | 128,196 |
| Accounts payable and accrued expenses | -2,090,000 | 3,208,129 | 3,151,176 | 659,793 |
| Impairment on crypto assets at cost | 191,670,000 | 140,208,000 | NaN | NaN |
| Net cash used in operating activities continuing operations | -10,646,000 | -9,297,257 | -6,250,201 | -1,480,715 |
| Net cash used in operating activities | -10,646,000 | -9,132,276 | -6,271,251 | -1,624,388 |
| Net cash used in investing activities - discontinued operations | 0 | 0 | 0 | 0 |
| Proceeds from sale of intellectual property | NaN | 0 | 0 | 0 |
| Capital expenditures for equipment | NaN | 3,718 | 4,764 | 2,518 |
| Investment in armchair enterprises, inc | 0 | NaN | 0 | 0 |
| Purchases of other assets | 4,000 | 75,000,347 | 2,539,611,653 | NaN |
| Usdc stablecoin purchased | NaN | 347 | 445,096,653 | NaN |
| Crypto assets purchased | NaN | NaN | NaN | 405,816,679 |
| Usdc stablecoin redemptions | 1,882,000 | 24,887,204 | 80,693,796 | NaN |
| Net cash provided by (used in) investing activities continuing operations | 1,878,000 | -49,617,208 | -2,498,202,595 | -405,819,197 |
| Net cash provided by (used in) investing activities | 1,878,000 | -49,617,208 | -2,498,202,595 | -405,819,197 |
| Net cash used in financing activities - discontinued operations | 0 | 0 | 0 | 0 |
| Proceeds from convertible debenture and purchase warrants | NaN | 0 | 0 | 0 |
| Proceeds from line of credit | NaN | 0 | 0 | 0 |
| Repayment of line of credit | NaN | 0 | 0 | 0 |
| Principal payments on long-term debt | NaN | 0 | 0 | 0 |
| Proceeds from exercise of warrants | NaN | 0 | 0 | -3 |
| Gross proceeds from sale of common stock | 0 | 81 | 2,016,855,771 | 129,309,963 |
| Issuance costs paid related to sale of common stock | NaN | NaN | -52,638,912 | -4,015,219 |
| Issuance of common stock from exchange agreement | NaN | NaN | 0 | 4 |
| Issuance of common stock from exercise of warrants | NaN | NaN | 0 | 10 |
| Gross proceeds from shares sold in capital raise | NaN | NaN | 0 | 4,500,000 |
| Issuance costs related to shares sold in capital raise | NaN | NaN | 0 | -652,000 |
| Issuance costs paid related to sale of common stock | NaN | 57,187,000 | NaN | NaN |
| Gross proceeds from private placements | NaN | 81,008,844 | 600,002,863 | 302,083,293 |
| Issuance costs paid related to private placements | NaN | 1,617,374 | 20,580,922 | 20,375,704 |
| Repurchases of common stock (treasury cost) | NaN | -488 | 31,692,488 | NaN |
| Shares issued for restricted stock | NaN | NaN | NaN | 261,042 |
| Deferred financing costs | NaN | NaN | 1,135,937 | NaN |
| Taxes paid related to net share settlement of equity awards | -2,896,000 | NaN | NaN | NaN |
| Net cash generated by financing activities continuing operations | -2,896,000 | 76,147,093 | 2,510,549,333 | 411,111,386 |
| Net cash (used in) provided by financing activities | -2,896,000 | 76,147,093 | 2,510,549,333 | 411,111,386 |
| Net change in cash | -11,664,000 | 17,397,609 | NaN | NaN |
| Less cash from discontinued operations | 0 | 37,000 | NaN | NaN |
| Net change in cash | -11,664,000 | 17,397,609 | 6,075,487 | 3,667,801 |
| Cash, beginning of period including discontinued operations | 28,539,000 | 11,178,247 | 5,102,760 | 1,434,959 |
| Cash, end of period including discontinued operations | 16,875,000 | 28,576,000 | 11,178,247 | 5,102,760 |
| Cash, end of period | 16,875,000 | 28,539,000 | NaN | NaN |
Sharplink, Inc. (SBET)
Sharplink, Inc. (SBET)