Sharplink (SBET) EBITDA (2023 - 2026)

Sharplink (SBET) posted quarterly EBITDA of -$684.6 million for Q1 2026, down 73828.62% YoY from N/an in Q1 2025, and down 65855.23% sequentially from -$1.0 million in Q4 2025.

Sharplink (SBET) EBITDA (2023 - 2026) Analysis & Trends

Sharplink has disclosed EBITDA across 4 years of filings, most recently posting -$684.6 million for Q1 2026.

  • In Q1 2026, EBITDA fell 73828.62% year-over-year to -$684.6 million; the TTM figure through Mar 2026 stood at -$684.1 million (down 16984.24% YoY), while the FY2025 annual figure was -$423000.0, up 91.12% from the prior year.
  • EBITDA fell to -$684.6 million in Q1 2026, from -$1.0 million in the prior quarter.
  • Over the last five years, EBITDA for SBET reached as high as $104.9 million in Q3 2025 and fell as low as -$684.6 million in Q1 2026.
  • The 4-year median for EBITDA is -$1.4 million (2023), against an average of -$53.7 million.
  • Annual changes were most pronounced in 2025 — EBITDA surged 13257.27% — and 2026, when it tumbled 73828.62%.
  • A 4-year view of EBITDA shows it stood at -$4.1 million in 2023, then soared by 73.74% to -$1.1 million in 2024, then climbed by 3.55% to -$1.0 million in 2025, then slumped by 65855.23% to -$684.6 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered -$684.6 million, -$1.0 million, and $104.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 19.58 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 23.57 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 4.01 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 441.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 304.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 584.88 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 294.45 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 46.00 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -254.94 Mn
10 Sharplink 1.09 Bn 1.07 Bn 11.63 Mn -684.58 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -684.58 Mn
Dec 31, 2025 -1.04 Mn
Sep 30, 2025 104.92 Mn
Jun 30, 2025 -103.38 Mn
Mar 31, 2025 -926,000.00
Dec 31, 2024 -1.08 Mn
Sep 30, 2024 -797,435.00
Jun 30, 2024 -1.20 Mn
Mar 31, 2024 -1.68 Mn
Dec 31, 2023 -4.10 Mn
Sep 30, 2023 -1.40 Mn
Jun 30, 2023 -1.74 Mn
Mar 31, 2023 -1.66 Mn