SBETSharplink, Inc.
Finance Services
- Revenue
- $28M
- 666% YoY
- Operating margin
- -2616.0%
- 1911% YoY
- EBITDA
- −$734M
- 15347% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$54M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired49% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-181% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $3M | $5M | $4M | $28M | 666% |
| Operating income | −$14M | −$9M | −$5M | −$734M | 15309% |
| Net income | −$15M | −$14M | $10M | −$735M | 7374% |
| Operating cash flow | −$6M | $583K | −$23M | −$18M | 23% |
| Capex | $13K | $12K | $2K | $11K | 450% |
| Stock-based comp | $2M | $261K | $149K | $14M | 9068% |
| Buybacks | — | — | — | $32M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $48M · 1
- Net
- −$48M
Pay vs performance
No pay-versus-performance disclosure yet.