SharpLink Gaming Ltd. (SBET) Key Metrics
SBET valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.64B
- Enterprise value
- $2.07B
- P/E (TTM)
- —
- Forward P/E
- 196.1
- PEG ratio
- —
- Price / sales
- 32.8
- Price / book
- 1.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 10.59
SBET key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSBET returns How much profit the business earns on the capital it uses.
SBET financial health Debt, liquidity and how easily interest is covered.
SBET efficiency & capital use Working capital cycle and where the cash goes.
SBET valuation history
SBET returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SBET debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SBET cash returned to shareholders
SBET price vs earnings per share
SBET key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $891.5M | — | — | — | — | — | — | — | — | — |
| Enterprise value | $861.1M | — | — | — | — | — | — | — | — | — |
| Price / sales | 31.8 | — | — | — | — | — | — | — | — | — |
| Price / book | 0.4 | — | — | — | — | — | — | — | — | — |
| EV / sales | 30.7 | — | — | — | — | — | — | — | — | — |
| Earnings yield | −82.4% | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | −2.0% | — | — | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 3.6% | — | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $8.94 | $7.68 | $18.00 | $37.20 | $318.00 | $372.00 | $247.20 | $422.40 | $506.40 | $655.20 |
| Per share | ||||||||||
| Revenue per share | $0.28 | — | — | — | — | — | — | — | — | — |
| Earnings per share | −$7.37 | — | — | — | — | — | — | — | — | — |
| Operating cash flow per share | −$0.18 | — | — | — | — | — | — | — | — | — |
| Free cash flow per share | −$0.18 | — | — | — | — | — | — | — | — | — |
| Cash per share | $0.31 | — | — | — | — | — | — | — | — | — |
| Book value per share | $24.26 | — | — | — | — | — | — | — | — | — |
| Tangible book value per share | $24.26 | — | — | — | — | — | — | — | — | — |
| Capex per share | $0.00 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 99.7M | — | — | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −60.7% | — | — | −177.4% | −658.3% | −39.1% | −11.1% | −43.1% | −96.0% | −129.7% |
| Return on invested capital (ROIC) | −2.2% | −479.0% | −257.6% | −176.0% | −614.4% | −449.1% | — | — | — | — |
| Return on assets (ROA) | −60.4% | 27.4% | −20.9% | −35.6% | −445.5% | −18.3% | −3.9% | −11.0% | −16.4% | −30.3% |
| Return on tangible assets | −30.2% | 394.8% | −20.0% | −24.3% | −484.0% | −33.2% | −7.0% | −22.0% | −33.5% | −59.4% |
| Free cash flow margin | −62.3% | −623.0% | 6.0% | −170.5% | −240.2% | −46.8% | −5.0% | −21.0% | 1.5% | −4.1% |
| Income quality (OCF / net income) | — | −2.26 | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | — | — | $12.8M | $2.9M | $165,522 | $193,087 | $193,086 | — | — | — |
| Cash & short-term investments | $30.4M | $1.4M | $2.5M | $1.4M | $6.1M | $2.6M | $3.2M | $2.5M | $2.2M | $2.1M |
| Net debt | −$30.4M | −$1.4M | $10.3M | $1.5M | −$5.9M | −$2.4M | −$3.0M | −$2.5M | −$2.2M | −$2.1M |
| Debt / equity | — | — | — | 0.98 | 0.01 | 0.07 | 0.06 | — | — | — |
| Debt / assets | — | — | 0.18 | 0.04 | 0.01 | 0.04 | 0.02 | — | — | — |
| Current ratio | 2.44 | 5.23 | 0.90 | 0.92 | 1.62 | 2.10 | 1.04 | 0.81 | 0.73 | 0.83 |
| Quick ratio | 2.44 | 5.23 | 0.89 | 0.70 | 1.44 | 2.10 | 1.04 | 0.81 | 0.73 | 0.83 |
| Interest coverage | — | -14.7 | -7.7 | -130.8 | -1.3 | -877.6 | -19.1 | -2.9 | -8.0 | -53.3 |
| Working capital | $18.4M | $2.1M | −$8.1M | −$5.0M | $3.6M | $1.7M | $158,999 | −$795,000 | −$1.6M | −$1.6M |
| Invested capital | $2.39B | $646,140 | $924,960 | $4.5M | $8.3M | $322,465 | $102,086 | −$127,000 | −$511,000 | −$288,000 |
| Tangible asset value | $2.42B | $2.1M | −$9.6M | $532,886 | $5.1M | $1.7M | −$549,067 | −$1.1M | −$1.8M | −$1.7M |
| Net current asset value | $18.4M | $2.1M | −$9.6M | −$8.1M | $3.1M | $1.5M | −$835,001 | −$1.7M | −$2.8M | −$2.6M |
| Graham net-net per share | $0.18 | — | — | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | — | $44,619 | $48,633 | — | $0 | $653,570 | $589,333 | — | — | — |
| Share buybacks (net) | $31.7M | $0 | — | — | $0 | $750,000 | $0 | — | — | — |
| Dividend payout ratio | — | 0.4% | — | — | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | — | — | 16.4% | — | — | — | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 5.8% | 0.4% | 9.9% | 13.1% | 8.1% | 0.2% | 0.7% | 0.9% |
| Capex / operating cash flow | — | — | 49.1% | — | — | — | 257.9% | — | 33.6% | — |
| Capex / depreciation | 1.22 | 0.14 | 2.66 | 0.01 | 0.96 | 2.24 | 1.97 | 0.17 | 0.51 | 0.12 |
| Stock-based compensation / revenue | 48.7% | 4.1% | 5.3% | 55.6% | 62.9% | 2.9% | 2.0% | 1.5% | 0.0% | 1.6% |
| R&D / revenue | — | — | — | — | — | — | 22.9% | 14.1% | 31.7% | 19.7% |
| SG&A / revenue | 210.0% | 154.8% | 287.4% | 340.5% | 1,129.1% | 71.5% | 31.2% | 63.3% | 44.4% | 41.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 3.2 | 34.5 | 32.4 | 81.4 | 120.2 | 92.7 | 91.3 | 39.2 | 167.1 | 132.6 |
| Days of inventory on hand | — | — | 684.4 | 1,130.7 | 63.7 | — | — | — | — | — |
| Days payables outstanding | 1,250.2 | 73.9 | 81.3 | 126.2 | 57.7 | 25.9 | 28.3 | 40.1 | 389.7 | 194.9 |
| Cash conversion cycle (days) | -1,247.0 | -39.4 | 635.6 | 1,086.0 | 126.2 | 66.8 | 63.0 | -0.8 | -222.5 | -62.3 |
| Receivables turnover | 115.49 | 10.59 | 11.26 | 4.48 | 3.04 | 3.94 | 4.00 | 9.30 | 2.18 | 2.75 |
| Payables turnover | 0.29 | 4.94 | 4.49 | 2.89 | 6.33 | 14.11 | 12.91 | 9.11 | 0.94 | 1.87 |
| Inventory turnover | — | — | 0.53 | 0.32 | 5.73 | — | — | — | — | — |
| Asset turnover | 0.02 | 0.10 | 0.07 | 0.08 | 0.21 | 0.37 | 0.31 | 0.72 | 0.65 | 0.82 |
| Average receivables | $242,916 | $345,975 | $439,996 | $778,670 | $867,858 | $578,624 | $595,500 | $630,000 | $3.1M | $5.1M |
| Average payables | $6.5M | $557,727 | $761,610 | $751,390 | $463,810 | $131,500 | $156,500 | $236,000 | $2.2M | $3.7M |
| Average inventory | — | — | $6.4M | $6.7M | $512,514 | $0 | — | — | — | — |
| Intangibles / total assets | 0.0% | 0.5% | 0.2% | 3.8% | 44.1% | 22.4% | 45.4% | 46.5% | 40.7% | 28.8% |
Computed from SBET's annual financial statements (latest annual report filed March 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SBET valuation and financial ratios
SharpLink Gaming earned a return on equity of −60.7% and a return on invested capital of −2.2% in fiscal 2025. It returned $31.7 million to shareholders: $0 in dividends and $31.7 million in share buybacks.
See the SBET income statement, the SBET chart for price history, or the SBET stock overview for the latest quote and news.
SBET key metrics FAQ
What is SharpLink Gaming's return on equity?
SharpLink Gaming's return on equity (ROE) was −60.7% in fiscal 2025: net income of -$734.6 million on average shareholders' equity of $1.2 billion.
What is SharpLink Gaming's ROIC?
SharpLink Gaming's return on invested capital was −2.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
Does SharpLink Gaming buy back its shares?
Yes. SharpLink Gaming spent $31.7 million on net share repurchases in fiscal 2025.
What is SharpLink Gaming's free cash flow yield?
SharpLink Gaming generated -$17.5 million of free cash flow in fiscal 2025, a free cash flow yield of −2.0% on its market value at year-end ($891.5 million).
What is SharpLink Gaming's current ratio?
SharpLink Gaming's current ratio was 2.44 at the end of fiscal 2025: current assets were 2.44 times current liabilities.