Sharplink (SBET) Cost of Revenue (2023 - 2026)
Sharplink (SBET) posted quarterly Cost of Revenue of $432000.0 for Q1 2026, down 29.18% YoY from $610000.0 in Q1 2025, and up 15.73% sequentially from $373293.0 in Q4 2025.
Sharplink (SBET) Cost of Revenue (2023 - 2026) Analysis & Trends
Sharplink has disclosed Cost of Revenue across 4 years of filings, most recently posting $432000.0 for Q1 2026.
- In Q1 2026, Cost of Revenue fell 29.18% year-over-year to $432000.0; the TTM figure through Mar 2026 stood at $1.7 million (down 35.6% YoY), while the FY2025 annual figure was $1.9 million, down 30.99% from the prior year.
- Cost of Revenue advanced to $432000.0 in Q1 2026, from $373293.0 in the prior quarter.
- Over the last five years, Cost of Revenue for SBET reached as high as $958665.0 in Q3 2023 and fell as low as $373293.0 in Q4 2025.
- The 4-year median for Cost of Revenue is $676511.0 (2023), against an average of $654625.1.
- Annual changes were most pronounced in 2024 — Cost of Revenue slipped 2.87% — and 2025, when it plunged 43.19%.
- A 4-year view of Cost of Revenue shows it stood at $676511.0 in 2023, then retreated by 2.87% to $657079.0 in 2024, then tumbled by 43.19% to $373293.0 in 2025, then increased by 15.73% to $432000.0 in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $432000.0, $373293.0, and $430569.0 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 107.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 6.62 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 39,000.00 |
| 10 | Sharplink | 1.09 Bn | 1.07 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 |