Filing Flows › Sharplink (SBET) › Q4 2025
Sharplink (SBET) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 9, 2026
Sharplink (SBET) reported revenue of $15.8M for the fourth quarter 2025 (Q4 2025), up 19-fold from a year earlier and +45% from the quarter before.
Sharplink, Q4 2025: revenue $15.8M (19× year over year), net loss $734M, operating cash flow −$9.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.8M | +45% | 19× |
| Operating profit | −$735M | -800% | — |
| Net earnings | −$734M | -804% | — |
| Operating cash flow | −$9.1M | — | — |
What changed
Revenue was $15.8M in Q4 2025, up 1816% year over year and up 45% from the previous quarter.
Operating costs exceeded revenue by $734.5M, an operating margin of -4657.1%. The quarter ended with a net loss of $734.5M, after a profit of $104.3M the previous quarter.
Operating cash flow was −$9.1M. Non-cash charges added back $3K of depreciation and amortization and $10.1M of share-based compensation. Working capital and other items added $715.3M. Capital expenditures of $4K exceeded it, leaving free cash flow of −$9.1M.
Questions
What was Sharplink's revenue in the fourth quarter 2025?
Sharplink (SBET) reported revenue of $15.8M for the fourth quarter 2025 (Q4 2025), up 19-fold from a year earlier and +45% from the quarter before.
Source: Sharplink 10-K on SEC EDGAR.