Sharplink (SBET) Cost of Revenue (2023 - 2026)
Sharplink (SBET) posted quarterly 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% quarter-over-quarter from $373293.0 in Q4 2025.
Sharplink (SBET) Cost of Revenue (2023 - 2026) Analysis & Trends
Sharplink (SBET) has reported Cost of Revenue for 4 consecutive years, with $432000.0 the latest figure, recorded in 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 climbed 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.
- Historically, Cost of Revenue has averaged $654625.1 across 4 years, with a median of $676511.0 in 2023.
- Annual changes were most pronounced in 2024 — Cost of Revenue slipped 2.87% — and 2025, when it slumped 43.19%.
- Sharplink's Cost of Revenue stood at $676511.0 in 2023, then decreased by 2.87% to $657079.0 in 2024, then slumped by 43.19% to $373293.0 in 2025, then rose by 15.73% to $432000.0 in 2026.
- Business Quant data shows SBET's Cost of Revenue at $432000.0 in Q1 2026, $373293.0 in Q4 2025, and $430569.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | - |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | - |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 19.32 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 104.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 39.93 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | - |
| 10 | Sharplink | 1.26 Bn | 1.24 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 |