SharpLink Gaming Ltd. (SBET) Balance Sheet
SBET balance sheet, 2025
December 31, 2025 · U.S. dollars$2.43B assets = $12.7M liabilities + $2.42B equity
Both columns are drawn to the same scale: what SBET owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SBET financial health
Descriptive bands, not a rating. Fiscal 2025.
SBET balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $12.3M2016 | $2.43B2025 | +80.0%/yr | |
| Total liabilities | $10.4M2016 | $12.7M2025 | +2.3%/yr | |
| Shareholders’ equity | $1.9M2016 | $2.42B2025 | +121.8%/yr | |
| Cash & short-term investments | $2.1M2016 | $30.4M2025 | +34.2%/yr | |
| Total debt | $193,0862019 | $12.8M2023 | +185.4%/yr | |
| Net cash (debt) | $3.0M2019 | −$10.3M2023 | −$13.3M | |
| Working capital | −$1.6M2016 | $18.4M2025 | +$20.0M | |
| Current ratio | 0.832016 | 2.442025 | +1.61 | |
| Debt / equity | 0.062019 | 0.982022 | +0.92 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SBET assets
SBET liabilities and equity
SBET debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SBET balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $30.4M | $1.4M | $2.5M | $1.4M | $6.1M | $2.6M | $3.2M | $2.5M | $2.2M | $2.1M |
| Cash & equivalents | $28.5M | $1.4M | $2.5M | $1.4M | $6.1M | $2.6M | $3.2M | $2.5M | $2.2M | $2.0M |
| Short-term investments | $1.9M | $0 | — | — | — | — | — | — | — | $136,000 |
| Receivables | $221,000 | $264,831 | $427,119 | $452,873 | $1.1M | $631,249 | $526,000 | $665,000 | $595,000 | $5.6M |
| Inventory | $0 | $0 | $383,295 | $12.4M | $1.0M | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $511,000 | $853,088 | $67.8M | $39.6M | $1.3M | $4,647 | $380,999 | $227,000 | $1.3M | $41,000 |
| Total current assets | $31.2M | $2.6M | $71.1M | $53.9M | $9.5M | $3.2M | $4.1M | $3.4M | $4.2M | $7.8M |
| Property, plant & equipment (net) | $10,000 | $3,359 | $8,792 | $21,881 | $220,627 | $210,275 | $62,000 | $60,000 | $107,000 | $198,000 |
| Goodwill & intangible assets | $8,000 | $13,162 | $168,112 | $2.5M | $9.1M | $989,596 | $3.7M | $3.5M | $3.5M | $3.5M |
| Long-term investments | $0 | $0 | $0 | $200,000 | $200,000 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.40B | $0 | $0 | $8.5M | $1.6M | $0 | $223,934 | $541,000 | $856,000 | $752,000 |
| Total assets | $2.43B | $2.6M | $71.3M | $65.0M | $20.6M | $4.4M | $8.0M | $7.5M | $8.6M | $12.3M |
| Liabilities | ||||||||||
| Accounts payable | $12.7M | $281,394 | $834,060 | $689,159 | $813,621 | $114,000 | $149,000 | $164,000 | $308,000 | $4.1M |
| Short-term debt | — | — | $11.4M | $651,243 | $29,265 | $27,565 | $360,479 | — | — | — |
| Deferred revenue | — | — | $629,639 | $44.3M | $308,058 | $406,508 | $962,000 | $1.1M | $1.7M | $1.4M |
| Total current liabilities | $12.7M | $488,300 | $79.2M | $58.9M | $5.9M | $1.5M | $3.9M | $4.2M | $5.7M | $9.3M |
| Long-term debt | $0 | $0 | $1.4M | $2.9M | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | $241,107 | $165,522 | $193,087 | — | — | — | — |
| Other long-term liabilities | $0 | $0 | $7,155 | $216,244 | $507,815 | $169,907 | $993,999 | $903,000 | $1.2M | $1.1M |
| Total liabilities | $12.7M | $488,300 | $80.7M | $62.1M | $6.4M | $1.7M | $4.9M | $5.1M | $6.9M | $10.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $20,000 | $461 | $572,770 | $537,731 | $447,346 | $215,014 | $30,000 | $27,000 | $25,000 | $23,000 |
| Retained earnings (deficit) | −$812.4M | −$77.8M | −$87.9M | −$73.6M | −$58.3M | −$2.7M | −$27.5M | −$27.4M | −$26.5M | −$24.7M |
| Treasury stock | — | — | — | −$29,000 | — | — | — | — | — | — |
| Accumulated other comprehensive income | — | $0 | $0 | $1 | $0 | −$5,266 | −$631,000 | −$1.2M | −$1.2M | $1,000 |
| Total shareholders' equity | $2.42B | $2.1M | −$9.4M | $3.0M | $14.2M | $2.7M | $3.1M | $2.4M | $1.7M | $1.9M |
| Key figures | ||||||||||
| Total debt | — | — | $12.8M | $2.9M | $165,522 | $193,087 | $193,086 | — | — | — |
| Net cash (debt) | — | — | −$10.3M | −$1.5M | $5.9M | $2.4M | $3.0M | — | — | — |
| Working capital | $18.4M | $2.1M | −$8.1M | −$5.0M | $3.6M | $1.7M | $158,999 | −$795,000 | −$1.6M | −$1.6M |
| Tangible book value | $2.42B | $2.1M | −$9.6M | $532,886 | $5.1M | $1.7M | −$549,066 | −$1.1M | −$1.8M | −$1.7M |
| Book value per share | $24.26 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 99.7M | — | — | — | — | — | — | — | — | — |
| Current ratio | 2.44 | 5.23 | 0.90 | 0.92 | 1.62 | 2.10 | 1.04 | 0.81 | 0.73 | 0.83 |
| Quick ratio | 2.40 | 3.48 | 0.04 | 0.03 | 1.22 | 2.09 | 0.94 | 0.76 | 0.49 | 0.83 |
| Debt / equity | — | — | — | 0.98 | 0.01 | 0.07 | 0.06 | — | — | — |
| Equity / assets | 99.5% | 81.0% | −13.2% | 4.6% | 69.0% | 61.4% | 38.6% | 31.9% | 19.8% | 15.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $56.2M | $16.9M | $30.4M | $37.8M | $5.1M | $1.4M | $1.4M | $1.9M | $2.4M | $4.0M | $2.5M | $49.3M |
| Cash & equivalents | $56.2M | $16.9M | $28.5M | $11.1M | $5.1M | $1.4M | $1.4M | $1.9M | $2.4M | $4.0M | $2.5M | $49.3M |
| Short-term investments | $0 | $0 | $1.9M | $26.7M | — | — | $0 | — | — | — | — | — |
| Receivables | $280,000 | $461,000 | $221,000 | $338,984 | $3.4M | $322,952 | $264,831 | $457,077 | $705,450 | $364,009 | $427,119 | $1.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $383,295 | $20.6M |
| Other current assets | $880,000 | $689,000 | $511,000 | $1.8M | $1.1M | $565,737 | $853,088 | $588,843 | $599,748 | $993,708 | $67.8M | $1.8M |
| Total current assets | $57.4M | $18.0M | $31.2M | $40.0M | $9.5M | $2.3M | $2.6M | $2.9M | $3.7M | $5.4M | $71.1M | $73.3M |
| Property, plant & equipment (net) | $0 | $0 | $10,000 | $7,860 | $3,935 | $2,153 | $3,359 | $4,624 | $6,168 | $8,309 | $8,792 | $326,177 |
| Goodwill & intangible assets | $1.36B | $1.73B | $8,000 | $9,469 | $382.4M | $11,944 | $13,162 | $14,406 | $15,651 | $16,881 | $168,112 | $10.9M |
| Long-term investments | $0 | $0 | $0 | $500,000 | $500,000 | $500,000 | $0 | $0 | $0 | $0 | $0 | $200,000 |
| Other non-current assets | $751,000 | $21,000 | $2.40B | $3.03B | $61.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $1.42B | $1.74B | $2.43B | $3.07B | $453.9M | $2.8M | $2.6M | $2.9M | $3.8M | $5.4M | $71.3M | $84.7M |
| Liabilities | ||||||||||||
| Accounts payable | — | $1.3M | $12.7M | $4.6M | $1.4M | $692,183 | $281,394 | $743,585 | $711,436 | $919,890 | $834,060 | $2.6M |
| Short-term debt | — | — | — | — | — | — | — | — | — | — | $11.4M | $14.2M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | $629,639 | $57.6M |
| Total current liabilities | $5.5M | $5.4M | $12.7M | $4.6M | $1.4M | $693,113 | $488,300 | $895,013 | $1.0M | $2.5M | $79.2M | $86.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.1M |
| Lease obligations | — | — | — | — | — | — | — | — | — | — | — | $265,571 |
| Other long-term liabilities | $86,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | $233,891 |
| Total liabilities | $5.6M | $5.4M | $12.7M | $4.6M | $1.4M | $693,113 | $488,300 | $895,013 | $1.0M | $2.5M | $80.7M | $89.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $22,000 | $20,000 | $20,000 | $19,414 | $6,617 | $58 | $461 | $343 | $343 | $336 | $572,770 | $566,770 |
| Retained earnings (deficit) | −$1.89B | −$1.50B | −$812.4M | −$77.9M | −$182.2M | −$78.8M | −$77.8M | −$76.9M | −$76.0M | −$75.6M | −$87.9M | −$82.7M |
| Accumulated other comprehensive income | — | — | — | — | — | $0 | $0 | $0 | −$343 | $0 | $0 | $0 |
| Total shareholders' equity | $1.41B | $1.74B | $2.42B | $3.07B | $452.5M | $2.1M | $2.1M | $2.0M | $2.8M | $2.9M | −$9.4M | −$4.5M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | — | — | — | — | $12.8M | $16.6M |
| Net cash (debt) | — | — | — | — | — | — | — | — | — | — | −$10.3M | $32.7M |
| Working capital | $51.9M | $12.6M | $18.4M | $35.4M | $8.1M | $1.6M | $2.1M | $2.0M | $2.7M | $2.8M | −$8.1M | −$13.5M |
| Tangible book value | $52.5M | $12.6M | $2.42B | $3.07B | $70.1M | $2.1M | $2.1M | $2.0M | $2.7M | $2.8M | −$9.6M | −$15.4M |
| Book value per share | $6.72 | $8.25 | $12.30 | $18.35 | — | — | — | — | — | — | — | — |
| Shares outstanding | 209.8M | 210.9M | 196.7M | 167.2M | — | — | — | — | — | — | — | — |
| Current ratio | 10.45 | 3.32 | 2.44 | 8.75 | 6.83 | 3.27 | 5.23 | 3.24 | 3.73 | 2.11 | 0.90 | 0.84 |
| Quick ratio | 10.29 | 3.19 | 2.40 | 8.35 | 6.05 | 2.45 | 3.48 | 2.58 | 3.14 | 1.72 | 0.04 | 0.59 |
| Equity / assets | 99.6% | 99.7% | 99.5% | 99.9% | 99.7% | 75.0% | 81.0% | 69.3% | 73.4% | 52.9% | −13.2% | −5.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 9, 2026); data from EODHD.
SBET financial position
At the end of fiscal 2025 (December 31, 2025), SharpLink Gaming had total assets of $2.4 billion (up 94,478.2% from a year earlier), total liabilities of $12.7 million and shareholders' equity of $2.4 billion. Its current ratio was 2.44. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $1.4 billion.
Related: SBET income statement, SBET cash flow statement, SBET key metrics. See the SBET stock overview for the latest quote and news.
SBET balance sheet FAQ
What are SharpLink Gaming's total assets?
SharpLink Gaming reported total assets of $2.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.6 million a year earlier.
How much cash does SharpLink Gaming have?
SharpLink Gaming held $30.4 million in cash and short-term investments at the end of fiscal 2025.
What is SharpLink Gaming's book value?
SharpLink Gaming's shareholders' equity (book value) was $2.4 billion at the end of fiscal 2025, or $24.26 per share.
What is SharpLink Gaming's current ratio?
SharpLink Gaming had current assets of $31.2 million and current liabilities of $12.7 million, a current ratio of 2.44 (it can cover its short-term obligations).
How much goodwill does SharpLink Gaming have?
SharpLink Gaming carried $0.0 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.