Sharplink (SBET) EBITDA (2023 - 2026)
Sharplink (SBET) posted quarterly EBITDA of -$684.6 million for Q1 2026, down 73828.62% year-over-year from N/an in Q1 2025, and up 6.8% quarter-over-quarter from -$734.5 million in Q4 2025.
Sharplink (SBET) EBITDA (2023 - 2026) Analysis & Trends
Sharplink (SBET) has reported EBITDA for 4 consecutive years, with -$684.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA fell 73828.62% year-over-year to -$684.6 million; the TTM figure through Mar 2026 stood at -$1.4 billion (down 35302.65% YoY), while the FY2025 annual figure was -$733.9 million, down 15308.71% from the prior year.
- EBITDA improved to -$684.6 million in Q1 2026 per SBET's latest filing, from -$734.5 million in the prior quarter.
- Across five years, EBITDA topped out at $104.9 million in Q3 2025 and bottomed at -$734.5 million in Q4 2025.
- Historically, EBITDA has averaged -$110.2 million across 4 years, with a median of -$1.7 million in 2023.
- Annual changes were most pronounced in 2025 — EBITDA surged 13257.27% — and 2026, when it sank 73828.62%.
- Sharplink's EBITDA stood at -$4.1 million in 2023, then jumped by 73.74% to -$1.1 million in 2024, then tumbled by 68155.41% to -$734.5 million in 2025, then climbed by 6.8% to -$684.6 million in 2026.
- Business Quant data shows SBET's EBITDA at -$684.6 million in Q1 2026, -$734.5 million in Q4 2025, and $104.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | 20.47 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 26.66 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 4.46 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 470.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 2.64 Bn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 617.01 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 252.46 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 35.36 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 532.81 Mn |
| 10 | Sharplink | 822.19 Mn | 765.99 Mn | 11.27 Mn | -393.45 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -393.45 Mn |
| Mar 31, 2026 | -684.58 Mn |
| Dec 31, 2025 | -734.53 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 |