Filing Flows › Sharplink (SBET) › Q1 2025
Sharplink (SBET) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Sharplink (SBET) reported revenue of $742K for the first quarter 2025 (Q1 2025), -24% from a year earlier and -10% from the quarter before. Operating margin was -124.8%, net loss $975K (131.4% of revenue).
Sharplink, Q1 2025: revenue $742K (-24% year over year), operating margin -124.8%, net loss $975K, operating cash flow −$514K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $742K | -10% | -24% |
| Operating profit | −$926K | — | — |
| Net earnings | −$975K | — | — |
| Operating cash flow | −$514K | — | — |
What changed
Revenue was $742K in Q1 2025, down 24% year over year and down 10% from the previous quarter.
Gross margin was 17.8%, down 11.7 points from a year earlier. Operating costs exceeded revenue by $926K, an operating margin of -124.8%. Operating expenses fell 46% while revenue fell 24%. The quarter ended with a net loss of $1.0M, wider than the previous quarter's $903K loss.
Operating cash flow was −$514K. Non-cash charges added back $2K of depreciation and amortization and $69K of share-based compensation. Working capital and other items added $390K.
Questions
What was Sharplink's revenue in the first quarter 2025?
Sharplink (SBET) reported revenue of $742K for the first quarter 2025 (Q1 2025), -24% from a year earlier and -10% from the quarter before.
Was Sharplink profitable in the first quarter 2025?
Operating loss was $926K (-124.8% of revenue) and net loss $975K.
Source: Sharplink 10-Q on SEC EDGAR.