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Sharplink vs Hyperliquid Strategies: SBET and PURR compared
Sharplink is the larger company: $13.5M of revenue in its latest quarter (Q3 2026) against $12.2M for Hyperliquid Strategies (Q1 FY27).
Where the money goes: SBET and PURR
Sharplink (SBET) · Q3 2026
Sharplink, Q3 2026: revenue $13.5M (+24% year over year), net earnings $751M, operating cash flow −$7.3M. The chart follows the revenue to costs, profit and cash.
Hyperliquid Strategies (PURR) · Q1 FY27
Hyperliquid Strategies, Q1 FY27: revenue $12.2M, net earnings $621M, operating cash flow −$17.1M. The chart follows the revenue to costs, profit and cash.
| Sharplink (SBET) | Hyperliquid Strategies (PURR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $13.5M | $12.2M |
| Revenue growth, Y/Y | +24% | — |
| Operating margin | n/m | n/m |
| Net earnings | $751M | $621M |
| Operating cash flow | −$7.3M | −$17.1M |
Questions
Which is bigger, Sharplink or Hyperliquid Strategies?
Sharplink is the larger company: $13.5M of revenue in its latest quarter (Q3 2026) against $12.2M for Hyperliquid Strategies (Q1 FY27).
More: Sharplink earnings · how Sharplink makes money · Hyperliquid Strategies earnings · how Hyperliquid Strategies makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.