For the year ending 2025-12-31, SBET made $28,055,000 in revenue. -$734,587,000 in net income. Net profit margin of -2618.38%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| Total revenue | 28,055,000 | 3,662,349 | 4,952,725 | |
| Realized gain on crypto assets, net | 55,213,000 | - | - | |
| Unrealized loss on crypto assets at fair value, net | -616,173,000 | - | - | |
| Cost of revenues | - | 2,756,076 | 3,420,062 | |
| Total losses from operations | -560,960,000 | - | - | |
| Gross profit | - | 906,273 | 1,532,663 | |
| Cost of revenues from affiliate marketing | 1,902,000 | - | - | |
| Selling, general, and administrative expenses | 42,392,000 | 5,669,248 | 7,961,133 | |
| Stock-based compensation, related party | 16,510,000 | - | - | |
| Goodwill and intangible asset impairment | - | 0 | 2,464,732 | |
| Impairment of crypto assets at cost | 140,208,000 | - | - | |
| Total operating expenses | 201,012,000 | 5,669,248 | 10,425,865 | |
| Operating loss | -733,917,000 | -4,762,975 | -8,893,202 | |
| Interest income | 447,000 | 60,289 | 53,493 | |
| Interest expense | - | 324,518 | - | |
| Other income | - | 297,510 | -12,606 | |
| Interest expense | - | - | 1,150,341 | |
| Change in fair value of convertible debenture | - | - | -1,230,234 | |
| Change in fair value of convertible debenture and warrant liabilities | - | 255,819 | - | |
| Total other income | 447,000 | 289,100 | -2,339,688 | |
| Net loss before income taxes | -733,470,000 | -4,473,875 | -11,232,890 | |
| Income tax expense | 1,046,000 | -232 | 15,708 | |
| Net loss from continuing operations | -734,516,000 | -4,473,643 | - | |
| Gross profit | 8,000 | - | - | |
| Selling, general, and administrative expenses | 126,000 | - | - | |
| Operating loss | -118,000 | - | - | |
| Interest income | -6,000 | - | - | |
| Other (expense) income | 59,000 | - | - | |
| Total other income and expense | 53,000 | - | - | |
| Income (loss) before income taxes | -65,000 | - | - | |
| Net loss from continuing operations | - | - | -11,248,598 | |
| Income tax expense | 6,000 | - | - | |
| Net income (loss) from discontinued operations, net of tax | -71,000 | - | -2,994,584 | |
| Income (loss) from discontinued operations, net of tax, attributable to parent | - | 14,573,262 | - | |
| Net loss | - | - | -14,243,182 | |
| Net income (loss) | -734,587,000 | 10,099,619 | - | |
| Basic EPS | -7.37 | 2.93 | -5.17 | |
| Diluted EPS | -7.37 | 2.29 | -5.17 | |
| Basic Average Shares | 99,719,495 | 3,443,264 | 2,760,970 | |
| Diluted Average Shares | 99,719,495 | 4,047,057 | 2,760,970 | |
Sharplink, Inc. (SBET)
Sharplink, Inc. (SBET)