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
DateValue
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