Sharplink, Inc.
SBETNasdaqFinancials · Finance Services · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | $28.1M | $3.7M | $5.0M | $3.5M |
| Operating income | −$733.9M | −$4.8M | −$8.9M | −$14.3M |
| Net income | −$734.6M | $10.1M | −$14.2M | −$15.2M |
| Total assets | $2.43B | $2.6M | $71.3M | $65.0M |
| Total liabilities | $12.7M | $489,000 | $80.7M | $62.1M |
| Equity | $2.42B | $2.1M | −$9.4M | $3.0M |
| EPS (diluted) | $-7.37 | $27.62 | $-5.17 | $-6.13 |
| Shares out. | 6.9M | 3.3M | 26.9M | 2.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −2616.0%
- Net margin
- −2618.4%
- Return on equity
- −30.4%
- Return on assets
- −30.2%
- Return on capital (ROCE)
- −30.3%
- Liabilities / assets
- 0.5%
- Debt / equity
- 0.01×
- Book value / share
- $350.43
- Revenue growth (YoY)
- 666.1%
- Net income growth (YoY)
- −7373.9%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 196.16safe
- Accruals / assets
- −29.5%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 3 warning● 4 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Lubin Joseph MichaelActivist (13D)Apr 16, 2026
- Fmr LlcPassive (13G)Feb 5, 2026
- Citadel Securities Gp LlcPassive (13G)Aug 15, 2025
- Jane Street Group, LlcPassive (13G)Aug 14, 2025
- Alpha Capital AnstaltPassive (13G)May 30, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Mckenzie ObieDirector | Sep 30, 2025 | Option exercise | 1,389 | $0.00 |
| Bernhard LeslieDirector | Sep 30, 2025 | Option exercise | 1,389 | $0.00 |
| Gutkowski Robert MDirector | Sep 30, 2025 | Option exercise | 1,389 | $0.00 |
| Lubin Joseph MichaelDirector | Apr 15, 2026 | Option exercise | 1.5M | $0.00 |
| Delucia Robert MichaelOfficer — Chief Financial Officer | Mar 31, 2026 | Grant | 10,904 | $0.00 |
| Delucia Robert MichaelOfficer — Chief Financial Officer | Feb 11, 2026 | Tax withholding | 22,863 | $0.00 |
| Chalom JosephOfficer — Chief Executive Officer | Feb 11, 2026 | Tax withholding | 149,065 | $0.00 |
| Delucia Robert MichaelOfficer — Chief Financial Officer | Jan 8, 2026 | Grant | 87,549 | $0.00 |
| Chalom JosephOfficer — Chief Executive Officer | Jan 8, 2026 | Grant | 291,829 | $0.00 |
| Mckenzie ObieDirector | Aug 18, 2025 | Sell | 18,334 | $19.17 |
| Gutkowski Robert MDirector | Aug 18, 2025 | Sell | 18,334 | $19.17 |
| Bernhard LeslieDirector | Aug 18, 2025 | Sell | 18,334 | $19.17 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 23.1M | 3.5 | -7.4% |
| Apr 30, 2026 | 24.9M | 3.0 | -3.2% |
| Apr 15, 2026 | 25.7M | 3.4 | +7.7% |
| Mar 31, 2026 | 23.9M | 3.9 | -2.6% |
| Mar 13, 2026 | 24.5M | 3.6 | -11.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operations · Regulation FD disclosureMay 11, 2026
- Shareholder voteApr 14, 2026
- Terminated a material agreementApr 3, 2026
- Results of operationsMar 9, 2026
- Regulation FD disclosure · Other material eventFeb 19, 2026
- Amended charter or bylaws · Regulation FD disclosureFeb 3, 2026
- Director / officer change · Amended charter or bylaws · Regulation FD disclosure · Other material eventDec 17, 2025
- Results of operationsNov 12, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.