SharpLink Gaming Ltd. (SBET) AI Stock Analysis

SharpLink Gaming Ltd. is an online technology company that links sports enthusiasts, leagues, and sports websites to sports betting and iGaming content. Headquartered in Minneapolis, Minnesota, the company operates across four main segments: Affiliate Marketing Services - United States, Sports Gaming Client Services, Enterprise Telecom Expense Management, and Affiliate Marketing Services - International. Its core activities involve collecting data on US sports bettors and directing them to betting content to facilitate conversions. SharpLink also delivers betting data services to sports media publishers, develops and operates free-to-play games, offers telecommunications expense management solutions, and runs a global iGaming affiliate network.

SharpLink delivered a 5-year revenue CAGR of 65.2% from FY2020 to FY2025. Annual revenue expanded from $2.6M in FY2021 to $5.0M in FY2023, declined 26.1% to $3.7M in FY2024, and reached $28.1M in FY2025. Gross margin expanded to 93.2% in FY2025 from 24.7% in FY2024. However, operating margin stood at -116.7% and net income registered at -$734.6M in FY2025, equating to an EPS of -$12.70. For the trailing twelve months ended June 30, 2026, revenue totaled $50.2M with quarterly revenue growth of 1553.9% year-over-year, an operating margin of -2752.9%, and an EPS of -$11.91.

As of June 30, 2026, SharpLink held $56.2M in cash and short-term investments, against total assets of $1.42B and shareholders' equity of $1.41B. The company maintained a current ratio of 10.45. Operating cash flow for FY2025 was -$17.5M, matching a free cash flow of -$17.5M. Capital expenditures were $11,000 in FY2025, while share buybacks totaled $31.7M. Over five years, the company's share count expanded by 838.2%.

SBET traded at $7.57 on October 16, 2026, valuing the company at an enterprise value of $2.07B and a price-to-sales ratio of 32.8x. This represents a substantial premium to the median of its US-listed Financial Services peers, which trade at a price-to-sales multiple of 3.2x. SharpLink trades at a forward P/E of 196.1x compared to the peer median forward P/E of 10.8x, and an EV-to-revenue ratio of 41.3x. Over the trailing 1-year period, the stock fell 48.0%, while the S&P 500 (SPY) returned 16.8%.

Wall Street coverage includes 7 Strong Buy ratings, 1 Buy, and no Hold or Sell recommendations. The mean price target is $16.62, representing an upside of 119.6% above the last close of $7.57. For the fiscal year ending December 31, 2026, analysts estimate revenue of $47.0M and an EPS of -$5.08. For FY2027, the consensus from 1 analyst projects revenue of $74.3M, up 57.9%, and an EPS of -$0.06. SharpLink has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 11, 2026.

This page is an AI-written research summary of SharpLink Gaming Ltd. (SBET). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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