Sharplink, Inc.
SBETFinancial ServicesNASDAQCapital Markets · Last scanned Jun 3, 2026
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Daily timeframeSharplink, Inc. engages in the digital asset treasury business in the United States and internationally. The company carries a $1.15B market cap, placing it firmly in the small-cap category. The company operates as an institutional-grade Ethereum treasury platform.
Market Cap
$1.15B
Beta
10.73
P/E (TTM)
—
P/E (Fwd)
2.92
EPS (TTM)
$-8.89
EPS (Fwd)
$1.99
ROE
-163.1%
ROA
-101.4%
Cash
$16.9M
Total Debt
$0
Free CF
-$848.4M
52W Change
-90.2%
Annual Financials
Cash vs Debt
Sharplink, Inc. reports $16.9M in cash and $0 in total debt. Free cash flow is running at -$848.4M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -163.1% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $3.5M (2022) to $28.1M (2025), reflecting a 704% increase over the period.
A beta of 10.73 means SBET is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing SBET.