Sharplink (SBET) Cost of Revenue (2023 - 2026)
Sharplink (SBET) reported Cost of Revenue of $432000.0 for Q1 2026, down 29.18% year-over-year from $610000.0 in Q1 2025, and up 15.73% on a QoQ basis from $373293.0 in Q4 2025.
Sharplink (SBET) has 4 years of Cost of Revenue data on file, last reported at $432000.0 in Q1 2026.
- Quarterly Cost of Revenue fell 29.18% year-over-year to $432000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 million (down 35.6% YoY) and the FY2025 annual result came in at $1.9 million, down 30.99% from the prior year.
- Cost of Revenue grew to $432000.0 in Q1 2026 per SBET's latest filing, from $373293.0 in the prior quarter.
- Across five years, Cost of Revenue topped out at $958665.0 in Q3 2023 and bottomed at $373293.0 in Q4 2025.
- The 4-year median for Cost of Revenue is $676511.0 (2023), against an average of $654625.1.
- The widest annual swing landed in 2024, when Cost of Revenue retreated 2.87%; it then plunged 43.19% in 2025.
- Tracing SBET's Cost of Revenue over 4 years: stood at $676511.0 in 2023, then declined by 2.87% to $657079.0 in 2024, then tumbled by 43.19% to $373293.0 in 2025, then climbed by 15.73% to $432000.0 in 2026.
- Per Business Quant, the three latest SBET Cost of Revenue figures stand at $432000.0 (Q1 2026), $373293.0 (Q4 2025), and $430569.0 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 107.00 Mn |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 6.62 Mn |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 39,000.00 |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Sharplink | 1.31 Bn | 1.29 Bn | 11.63 Mn | 432,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 432,000.00 |
| Mar 31, 2026 | 432,000.00 |
| Dec 31, 2025 | 373,293.00 |
| Dec 31, 2025 | 373,293.00 |
| Sep 30, 2025 | 430,569.00 |
| Sep 30, 2025 | 430,569.00 |
| Jun 30, 2025 | 488,202.00 |
| Jun 30, 2025 | 488,202.00 |
| Mar 31, 2025 | 610,000.00 |
| Mar 31, 2025 | 610,000.00 |
| Dec 31, 2024 | 657,079.00 |
| Dec 31, 2024 | 657,079.00 |
| Sep 30, 2024 | 709,045.00 |
| Sep 30, 2024 | 709,045.00 |
| Jun 30, 2024 | 701,142.00 |
| Jun 30, 2024 | 701,142.00 |
| Mar 31, 2024 | 688,734.00 |
| Mar 31, 2024 | 688,734.00 |
| Dec 31, 2023 | 676,511.00 |
| Dec 31, 2023 | 676,511.00 |
| Sep 30, 2023 | 958,665.00 |
| Sep 30, 2023 | 958,665.00 |
| Jun 30, 2023 | 942,204.00 |
| Jun 30, 2023 | 942,204.00 |
| Mar 31, 2023 | 842,682.00 |
| Mar 31, 2023 | 842,682.00 |