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Sharplink (SBET) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Sharplink (SBET) Q3 2026 earnings results →
Q3 2026 Revenue up 24% year over year to $13.5M
Sharplink made $13.5M in Q3 2026 (+24% Y/Y). Operating margin n/m, net earnings $751M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $13.5M in Q3 2026, up 24% year over year and up 17% from the previous quarter.
Operating profit was $753.0M, a 5596.3% margin (up 4628.5 points year over year). Of the extra revenue versus Q3 2025, 24812% reached operating profit, above the 968% margin then. Net earnings were $751.4M, up 621% year over year. The effective tax rate was 0.3%.
Operating cash flow was −$7.3M. Non-cash charges added back $4.6M of share-based compensation. Working capital and other items used $763.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $13.5M | +24% | n/m | $751M | −$7.3M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $11.5M | 17× | n/m | −$394M | −$7.2M |
| Q1 2026 | 10-Q | May 8, 2026 | $12.1M | 16× | n/m | −$686M | −$10.6M |
| Q4 2025 | 10-K | Mar 9, 2026 | $15.8M | 19× | n/m | −$734M | −$9.1M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $10.8M | 12× | 967.6% | $104M | −$6.3M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $697K | -29% | n/m | −$103M | −$1.6M |
| Q1 2025 | 10-Q | May 15, 2025 | $742K | -24% | -124.8% | −$975K | −$514K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Sharplink
Sharplink undertook a significant strategic shift in June 2025 in our business operations by becoming one of the world’s largest publicly traded companies to adopt Ether (“ETH”), the native token of the Ethereum blockchain, as its primary treasury asset. This strategy reflects the Company’s commitment to align our corporate treasury with the future of programmable finance, digital capital markets and decentralized infrastructure. The Company also operates an online affiliate marketing company that delivers unique fan activation solutions to its sportsbook and online casino gaming partners.
In its own words, from its 10-K, filed Mar 9, 2026.
Sharplink against its Finance Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +18%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SBET Sharplink | Q3 2026 | $13.5M | +24% | n/m |
| AXP American Express | Q3 2026 | $20.1B | +9% | 22.6% |
| BTGO Bitgo Holdings | Q2 FY27 | $4.3B | +80% | -0.4% |
| General Motors Financial Company | Q3 2026 | $4.3B | -0.6% | 15.3% |
| SOFI SoFi Technologies | Q3 2026 | $1.4B | +44% | 22.9% |
| COIN Coinbase Global | Q3 2026 | $1.2B | -35% | 5.1% |
| CRCL Circle Internet Group | Q3 2026 | $865M | +17% | 24.1% |
| CHYM Chime Financial | Q3 2026 | $718M | +32% | 4.8% |
| GDOT Green DOT | Q2 2026 | $596M | +18% | -0.1% |
Source: Sharplink 10-Q on SEC EDGAR · CIK 1981535 · Finance Services
Guidance and outlook
13F: who owns SBET and who is buying
More on SBET
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results