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Sharplink, Inc. key statistics and ratios

In fiscal 2025, Sharplink, Inc. had return on equity of -60.7%, an operating margin of -2616.0%, debt equal to 0.0% of equity and a current ratio of 2.44. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Sharplink, Inc.: financial ratios, annual
Fiscal year2022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin37.7%30.9%24.7%——
Operating margin−409.3%−179.6%−130.1%<−999%<−999%
Net margin−436.5%−287.6%275.8%<−999%<−999%
Free-cash-flow margin−170.5%11.5%−623.0%−62.6%−66.1%
Return on equity———−60.7%−89.3%
Return on assets−23.4%−20.9%27.3%−60.4%−88.9%
Asset turnover0.050.070.100.020.03
Current ratio0.920.905.222.4410.45
Debt to equity69.1%—0.0%0.0%0.0%
Interest cover (operating income ÷ interest)n/mn/mn/m——
SG&A as % of revenue311.6%160.7%154.8%151.1%115.4%
Capital spending as % of revenue0.4%0.2%0.1%0.0%0.0%
Free cash flow ÷ net income——−225.9%——

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Sharplink, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Sharplink, Inc.