Filing Flows › Sharplink (SBET) › Q2 2025
Sharplink (SBET) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Sharplink (SBET) reported revenue of $697K for the second quarter 2025 (Q2 2025), -29% from a year earlier and -6% from the quarter before.
Sharplink, Q2 2025: revenue $697K (-29% year over year), net loss $103M, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $697K | -6% | -29% |
| Operating profit | −$103M | — | — |
| Net earnings | −$103M | — | — |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $697K in Q2 2025, down 29% year over year and down 6% from the previous quarter.
Gross margin was 30.0%, up 1.5 points from a year earlier. Operating costs exceeded revenue by $103.4M, an operating margin of -14839.7%. Operating expenses grew 6881% against a revenue fall of 29%. The quarter ended with a net loss of $103.4M, wider than the previous quarter's $1.0M loss.
Operating cash flow was −$1.6M. Non-cash charges added back $2K of depreciation and amortization and $37K of share-based compensation. Working capital and other items added $101.8M.
Questions
What was Sharplink's revenue in the second quarter 2025?
Sharplink (SBET) reported revenue of $697K for the second quarter 2025 (Q2 2025), -29% from a year earlier and -6% from the quarter before.
Source: Sharplink 10-Q on SEC EDGAR.