PSQ Holdings vs Sharplink
Sharplink is the larger business, with $28.1m of revenue in fiscal 2025 against $18.2m for PSQ Holdings (1.5 times as much). Sharplink grew faster (666.1% against 81.1%). PSQ Holdings kept more of each dollar of sales as profit: a net margin of -200.9% against -2618.4%. Sharplink carries less debt relative to equity (0.0% against 108.5%).
| Latest fiscal year | PSQ HoldingsPSQH, 2025 | SharplinkSBET, 2025 |
|---|---|---|
| Revenue | $18.2m | $28.1m |
| Revenue growth | 81.1% | 666.1% |
| Net income | −$36.6m | −$735m |
| Operating margin | -175.4% | -2616.0% |
| Net margin | -200.9% | -2618.4% |
| Return on equity | -181.8% | -60.7% |
| Free cash flow | −$19.9m | −$17.6m |
| Cash | $14.6m | $28.5m |
| Total debt | $14.6m | $0 |
| Debt to equity | 108.5% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $31.7m |
| Employees | 68 | 15 |
| Market value | $10.1m | $1.44bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 3 buys, 13 sales | 0 buys, 5 sales |