Sharplink, Inc. (SBET) financial statements: income statement, balance sheet and cash flow
Sharplink, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Sharplink, Inc. reported revenue of $28.1M (+666.0% year on year) and net income of ($734.6M) (-7373.4% year on year).
Income statement
Sharplink, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Revenue from staking, net
$25.6M
—
—
Revenue from affiliate marketing
$2.5M
—
—
Total revenue
$28.1M
$3.7M
—
Realized gain on crypto assets, net
$55.2M
—
—
Unrealized loss on crypto assets at fair value, net
($616.2M)
—
—
Total losses from operations
($561.0M)
—
—
Other Expense
$1.9M
—
—
Selling, General and Administrative Expense
$42.4M
$5.7M
$8.0M
Stock-based compensation, related party
$16.5M
—
—
Impairment loss of crypto assets at cost
$140.2M
—
—
Total operating expenses
$201.0M
$5.7M
$10.4M
Operating loss
($733.9M)
($4.8M)
($8.9M)
Interest Income
$447.0K
$60.3K
$53.5K
Total other income
$447.0K
$289.1K
($2.3M)
Net loss before income taxes
($733.5M)
($4.5M)
($11.2M)
Income tax expense
($1.0M)
$232
$15.7K
Net loss from continuing operations
($734.5M)
($4.5M)
($11.2M)
Income from Discontinued Operations
($71.0K)
—
($3.0M)
Net income (loss)
($734.6M)
$10.1M
—
Net Income to Common Shareholders
($734.5M)
($4.5M)
($11.3M)
Net loss from continuing operations diluted
($734.5M)
—
($11.3M)
Net income (loss) from discontinued operations basic
($71.0K)
$14.6M
($3.0M)
Net income (loss) from discontinued operations diluted
($71.0K)
—
($3.0M)
Net Income to Common Shareholders
($734.6M)
$10.1M
($14.3M)
Weighted Average Shares Outstanding
99.7M
3.4M
2.8M
Weighted Average Shares Outstanding, Diluted
99.7M
4.0M
2.8M
Net income (loss) from continuing operations per share - basic
-$7.37
-$1.30
-$4.09
Earnings Per Share (Basic)
-$7.37
$2.93
-$5.17
Net income (loss) from continuing operations per share - diluted
-$7.37
-$1.30
-$4.09
Earnings Per Share (Diluted)
-$7.37
$2.29
-$5.17
Sharplink, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue from staking
$11.2M
$11.5M
$10.3M
—
Revenue from affiliate marketing
$367.0K
$557.0K
$569.8K
—
Total revenue
$11.5M
$12.1M
$10.8M
—
Realized gain on crypto assets, net
$1.4M
$12.0M
—
—
Unrealized loss on crypto assets at fair value, net
($321.0M)
($506.7M)
—
—
Total gains (losses) from operations, net
($319.6M)
($494.7M)
—
—
Other Expense
$258.0K
$432.0K
$430.6K
—
Selling, General and Administrative Expense
$9.1M
$9.9M
$12.0M
$2.3M
Amortization of Intangibles
$76.1M
$191.7M
$7.0M
$87.8M
Total operating expenses
$85.4M
$202.0M
$19.6M
—
Operating loss
($393.5M)
($684.6M)
$104.9M
($103.4M)
Interest Income
$178.0K
$203.0K
$118.9K
$36.9K
Total other income
$178.0K
$201.0K
$118.9K
$36.9K
Net loss before income taxes
($393.3M)
($684.4M)
$105.0M
($103.3M)
Income tax expense
($999.0K)
($1.2M)
($792.3K)
($27.3K)
Net loss
($394.3M)
($685.6M)
—
—
Weighted Average Shares Outstanding
209.8M
210.9M
149.1M
24.2M
Weighted Average Shares Outstanding, Diluted
209.8M
210.9M
167.2M
24.2M
Earnings Per Share (Basic)
-$1.88
-$3.25
$0.70
-$4.27
Earnings Per Share (Diluted)
-$1.88
-$3.25
$0.62
-$4.27
Balance sheet
Sharplink, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Cash and Cash Equivalents
$28.5M
$1.4M
$2.5M
USDC stablecoin
$1.9M
—
—
Accounts Receivable
$221.0K
$264.8K
$415.1K
Other Non-Operating Current Assets
$329.0K
$310.2K
$383.3K
Assets Held for Sale
$182.0K
$269.8K
$67.8M
Total current assets
$31.2M
$2.6M
$71.1M
Crypto assets at fair value
$1.9B
—
—
Crypto assets at cost
$500.9M
—
—
Property, Plant and Equipment
$10.0K
$3.4K
$8.8K
Intangible Assets
$8.0K
$13.2K
$168.1K
Total assets
$2.4B
$2.6M
$71.3M
Accounts Payable
$12.7M
$478.3K
$1.5M
Other Non-Operating Current Liabilities
$1.0K
$10.0K
$66.4M
Total current liabilities
$12.7M
$488.3K
$79.2M
Total liabilities
$12.7M
$488.3K
$80.7M
Total Stockholders' Equity
$20.0K
$461
$572.8K
Treasury stock, 1,938,458 and 8 shares, respectively, of common stock at cost
-31.7M
-29.0K
-29.0K
Additional Paid-In Capital
$3.3B
$79.9M
$77.9M
Retained Earnings
($812.4M)
($77.8M)
($87.9M)
Total stockholders’ equity
$2.4B
$2.1M
($9.4M)
Total liabilities and stockholders’ equity
$2.4B
$2.6M
$71.3M
Sharplink, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and Cash Equivalents
$56.2M
$16.9M
$11.1M
$5.1M
Accounts Receivable
$280.0K
$461.0K
$339.0K
$271.9K
Other Non-Operating Current Assets
$880.0K
$689.0K
$1.5M
$3.1M
Total current assets
$57.4M
$18.0M
$40.0M
$9.5M
Crypto assets at fair value
$988.8M
$1.2B
$2.4B
—
Crypto assets at cost
$369.1M
$486.9M
$622.7M
—
Other Non-Operating Non-Current Assets
$751.0K
—
—
—
Total assets
$1.4B
$1.7B
$3.1B
$453.9M
Accounts Payable
$5.5M
$5.4M
$4.6M
$1.4M
Total current liabilities
$5.5M
$5.4M
$4.6M
$1.4M
Other Non-Operating Non-Current Liabilities
$86.0K
—
—
—
Total liabilities
$5.6M
$5.4M
$4.6M
$1.4M
Total Stockholders' Equity
$22.0K
$20.0K
$19.4K
$6.6K
Treasury stock, 4,071,231 of Common Stock at cost
($41.7M)
($31.7M)
($31.7M)
($29.0K)
Additional Paid-In Capital
$3.3B
$3.3B
$3.2B
$634.7M
Retained Earnings
($1.9B)
($1.5B)
($77.9M)
($182.2M)
Total stockholders’ equity
$1.4B
$1.7B
$3.1B
$452.5M
Total liabilities and stockholders’ equity
$1.4B
$1.7B
$3.1B
$453.9M
Cash flow statement
Sharplink, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Net income (loss)
($734.6M)
$10.1M
($14.2M)
Income from Discontinued Operations
($71.0K)
—
($3.0M)
Income from Continuing Operations
($734.5M)
($4.5M)
($11.2M)
Depreciation Expense
$9.0K
$12.1K
$107.4K
Stock-based compensation expense
$13.7M
$148.5K
$261.4K
Stock-based compensation expense, related party
$16.5M
—
—
Impairment on crypto assets at cost
$140.2M
—
—
Stock-based bonus accrual
$5.0M
—
—
Unrealized loss on crypto assets at fair value, net
$616.2M
—
—
Realized gain from liquid staking
($54.7M)
—
—
Realized gain on equity contributions in crypto assets
($498.0K)
—
—
Rewards from liquid staking
($1.4M)
—
—
Rewards from native staking
($25.1M)
—
—
USDC rewards received from vendor
($190.0K)
—
—
Accounts receivable
$161.0K
$162.3K
$25.8K
Prepaid expenses and other current assets
($19.0K)
$73.1K
—
Accounts payable and accrued expenses
$7.2M
($1.3M)
$1.3M
Net cash used in operating activities – continuing operations
($17.5M)
($5.9M)
($7.9M)
Net Cash from Operating Activities
($61.0K)
($17.0M)
$8.5M
Net cash used in operating activities
($17.5M)
($22.8M)
$582.9K
Capital expenditures for equipment
($11.0K)
($1.7K)
($12.1K)
Crypto assets purchased
($2.6B)
—
—
USDC stablecoin purchased
($445.1M)
—
—
USDC stablecoin redemptions
$105.6M
—
—
Net cash provided by (used in) investing activities – continuing operations
($3.0B)
$148.3K
($286.1K)
Net cash used for investing activities
($3.0B)
($18.7M)
($1.0M)
Stock Repurchases (Issuances)
$2.1B
$869.3K
—
Issuance costs paid related to sale of common stock
($57.2M)
—
—
Issuance costs paid related to private placements
($42.6M)
—
—
Repurchases of common stock (treasury cost)
($31.7M)
—
—
Net cash generated by (used in) financing activities – continuing operations
$3.0B
($11.5M)
$9.3M
Net cash generated by (used in) financing activities
$3.0B
($17.4M)
$9.8M
Net change in cash
$27.0M
($58.9M)
$9.3M
Cash and restricted cash, beginning of period including discontinued operations
$1.5M
$60.4M
$51.1M
Cash and restricted cash, end of period including discontinued operations
$28.6M
$1.5M
—
Less cash from discontinued operations
($37.0K)
($105.1K)
($58.0M)
Cash, end of period
$28.5M
$1.4M
$2.5M
Income Tax Expense
$449.0K
$504.8K
($6.2K)
USDC stablecoin rewards
($190.0K)
—
—
USDC stablecoin used to purchase crypto assets
$337.9M
—
—
Equity contributions of crypto assets
$122.9M
—
—
Crypto assets received as equity contributions after fair value adjustment
($123.4M)
—
—
Deposits of crypto assets (ETH) at fair value for liquid staking activities
$706.2M
—
—
Receipt of crypto assets (LsETH) at cost for liquid staking activities
($717.4M)
—
—
Receipt of crypto assets (ETH) at fair value for redemption of crypto assets (LsETH) at cost
($121.1M)
—
—
Sharplink, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net Income
($1.1B)
($685.6M)
($127.4K)
($104.4M)
Stock-based compensation expense
$6.1M
$3.0M
$3.6M
$106.0K
Amortization of Intangibles
$267.8M
$191.7M
—
—
Unrealized loss on crypto assets received at fair value, net
$827.7M
$506.7M
—
—
Realized gain on crypto assets, net
($13.4M)
($12.0M)
—
—
Rewards on native staking
($18.7M)
($10.1M)
—
—
Rewards on liquid staking
($2.6M)
($806.0K)
—
—
Rewards from protocol incentives and rebates
($2.0M)
($981.0K)
—
—
Accounts receivable
$11.0K
($62.0K)
($194.3K)
($7.1K)
Prepaid expenses and other current assets
($369.0K)
($360.0K)
($38.8K)
($163.6K)
Accounts payable and accrued expenses
($2.3M)
($2.1M)
$4.0M
$873.7K
Net cash used in operating activities
($17.8M)
($10.6M)
($8.4M)
($2.1M)
Purchases of other assets
($733.0K)
—
—
—
Crypto assets purchased
($16.1M)
($4.0K)
($2.5B)
($405.8M)
USDC stablecoin redemptions
$1.9M
$1.9M
$80.7M
—
Net cash used in investing activities
($15.0M)
$1.9M
($2.9B)
($406.3M)
Taxes paid related to net share settlement of equity awards
($2.9M)
($2.9M)
—
—
Net Cash from Financing Activities
$75.0M
—
$4.5M
$4.5M
Issuance costs paid related to private placements and warrants
($1.7M)
—
—
—
Repurchases of shares of Common Stock
-10.0M
—
-31.7M
—
Net cash provided by financing activities
$60.4M
($2.9M)
$2.9B
$412.0M
Net change in cash
$27.7M
($11.7M)
$9.6M
$3.6M
Cash, beginning of period
$28.5M
$16.9M
$11.1M
$5.1M
Cash, end of period
$56.2M
—
—
—
Income Tax Expense
$2.2M
—
$140.8K
$140.8K
Receipt of LsETH rebate receivable
$106.0K
$106.0K
—
—
Deposits of crypto assets (ETH) at fair value for liquid staking activities
$197.5M
$197.5M
—
—
Receipt of crypto assets (weETH) at cost for liquid restaking activities
($205.8M)
($205.8M)
—
—
Receipt of crypto assets (ETH) at fair value for redemption of crypto assets (LsETH at cost)
($32.5M)
($32.5M)
—
—
Redemption of crypto assets (LsETH) at impaired cost
$28.7M
$28.7M
—
—
ETH received from traded LsETH
($43.9M)
—
—
—
LsETH traded for ETH
$42.1M
—
—
—
Stock-based bonus accrual settled with shares of Common Stock
5.0M
5.0M
—
—
Shares of Common Stock withheld for taxes in net share settlement