Sharplink (SBET) Cost of Revenue (2023 - 2025)
Sharplink's Cost of Revenue came in at $488,202 for Q2 2025, down 30.4% from $701,142 a year earlier and down 20.0% from the prior quarter.
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Analysis
Sharplink (SBET) Cost of Revenue (2023 - 2025) Analysis & Trends
Over the trailing twelve months to Jun 30, 2025, Sharplink reported Cost of Revenue of $2.46 million, down 18.5% year-over-year; for FY2024, it was $2.76 million, down 19.4% from FY2023.
- Going back by year, Cost of Revenue was $3.42 million in FY2023 (+57.3%) and $2.17 million in FY2022.
- The Q2 2025 figure represents the lowest quarterly Cost of Revenue in data going back to Q1 2023.
- Year-over-year, Cost of Revenue has declined for six consecutive quarters, with an average decline of 19.1% over the last six quarters.
- Business Quant data shows SBET's Cost of Revenue at $609,936 (Q1 2025), $657,155 (Q4 2024) and $709,045 (Q3 2024) in the three quarters before Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 472.77 Bn | 441.83 Bn | 1.64 Bn | 296.87 Mn |
| 2 | Oracle | 381.27 Bn | 253.82 Bn | - | - |
| 3 | Sap Se | 292.64 Bn | 221.00 Bn | 8.40 Bn | 3.08 Bn |
| 4 | Salesforce | 204.54 Bn | 160.41 Bn | 8.70 Bn | 2.65 Bn |
| 5 | ServiceNow | 164.40 Bn | 142.85 Bn | 2.82 Bn | 1.17 Bn |
| 6 | Automatic Data Processing | 120.99 Bn | 103.12 Bn | 2.51 Bn | 2.96 Bn |
| 7 | Intuit | 92.16 Bn | 71.51 Bn | 3.44 Bn | 910.00 Mn |
| 8 | Relx | 73.71 Bn | 72.82 Bn | - | - |
| 9 | Thomson Reuters | 54.81 Bn | 51.59 Bn | - | - |
| 10 | Sharplink | 1.66 Bn | 1.54 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 488,202.00 |
| Mar 31, 2025 | 609,936.00 |
| Dec 31, 2024 | 657,155.00 |
| Sep 30, 2024 | 709,045.00 |
| Jun 30, 2024 | 701,142.00 |
| Mar 31, 2024 | 688,734.00 |
| Dec 31, 2023 | 676,511.00 |
| Sep 30, 2023 | 958,665.00 |
| Jun 30, 2023 | 942,204.00 |
| Mar 31, 2023 | 842,682.00 |
API Access
Sharplink Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SBET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SBET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SBET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();