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
| Fiscal year | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Gross margin | 37.7% | 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 turnover | 0.05 | 0.07 | 0.10 | 0.02 | 0.03 |
| Current ratio | 0.92 | 0.90 | 5.22 | 2.44 | 10.45 |
| Debt to equity | 69.1% | — | 0.0% | 0.0% | 0.0% |
| Interest cover (operating income ÷ interest) | n/m | n/m | n/m | — | — |
| SG&A as % of revenue | 311.6% | 160.7% | 154.8% | 151.1% | 115.4% |
| Capital spending as % of revenue | 0.4% | 0.2% | 0.1% | 0.0% | 0.0% |
| Free cash flow ÷ net income | — | — | −225.9% | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 19.6% | 20.2% | 17.8% | 30.0% | — | — | — | — |
| Operating margin | −90.4% | −130.7% | −124.8% | <−999% | 967.6% | <−999% | <−999% | <−999% |
| Net margin | −100.4% | −109.7% | −131.4% | <−999% | 961.6% | <−999% | <−999% | <−999% |
| Free-cash-flow margin | −67.1% | −154.1% | — | — | −57.9% | −57.9% | — | −62.0% |
| Current ratio | 3.24 | 5.22 | 3.27 | 6.83 | 8.75 | 2.44 | 3.32 | 10.45 |
| Debt to equity | 0.0% | 0.0% | — | — | — | — | — | — |
| SG&A as % of revenue | 110.0% | 150.9% | 142.6% | 342.5% | 111.1% | 170.9% | 81.9% | 78.6% |
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
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