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% quarter-over-quarter from $373293.0 in Q4 2025.
Sharplink (SBET) Cost of Revenue (2023 - 2026) Analysis & Trends
Sharplink (SBET) has 4 years of Cost of Revenue data on file, last reported at $432000.0 in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $432000.0, down 29.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.7 million (down 35.6% YoY), and the FY2025 annual result was $1.9 million, down 30.99% from the prior year.
- Cost of Revenue rose to $432000.0 in Q1 2026 per SBET's latest filing, from $373293.0 in the prior quarter.
- Over five years, Cost of Revenue peaked at $958665.0 in Q3 2023 and troughed at $373293.0 in Q4 2025.
- A 4-year average of $654625.1 and a median of $676511.0 in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue slipped 2.87% in 2024, then slumped 43.19% in 2025.
- 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 sank by 43.19% to $373293.0 in 2025, then increased 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 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | - |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | - |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | - |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | - |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 107.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | - |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | - |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | - |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 39,000.00 |
| 10 | Sharplink | 63.05 Mn | 46.18 Mn | 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 |