Sharplink (SBET) Gross Margin (2023 - 2026)
Sharplink (SBET) reported Gross Margin of 96.42% for Q1 2026, up 7866.0% year-over-year from 1.21% in Q1 2025, and down 1.25% on a QoQ basis from 97.63% in Q4 2025.
Sharplink (SBET) has 4 years of Gross Margin data on file, last reported at 96.42% in Q1 2026.
- Quarterly Gross Margin rose 7866.0% year-over-year to 96.42% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 95.62% (up 7372.0% YoY) and the FY2025 annual result came in at 93.22%, up 6847.0% from the prior year.
- Gross Margin fell to 96.42% in Q1 2026 per SBET's latest filing, from 97.63% in the prior quarter.
- Across five years, Gross Margin topped out at 97.63% in Q4 2025 and bottomed at 17.76% in Q1 2025.
- The 4-year median for Gross Margin is 29.87% (2023), against an average of 43.09%.
- The widest annual swing landed in 2024, when Gross Margin tumbled 1393 bps; it then surged 7866 bps in 2026.
- Tracing SBET's Gross Margin over 4 years: stood at 34.13% in 2023, then sank by 41 bps to 20.2% in 2024, then jumped by 383 bps to 97.63% in 2025, then fell by 1 bps to 96.42% in 2026.
- Per Business Quant, the three latest SBET Gross Margin figures stand at 96.42% (Q1 2026), 97.63% (Q4 2025), and 96.03% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Sharplink | 1.31 Bn | 1.29 Bn | 11.63 Mn | 96.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 96.42% |
| Dec 31, 2025 | 97.63% |
| Sep 30, 2025 | 96.03% |
| Jun 30, 2025 | 29.99% |
| Mar 31, 2025 | 17.76% |
| Dec 31, 2024 | 20.20% |
| Sep 30, 2024 | 19.58% |
| Jun 30, 2024 | 28.55% |
| Mar 31, 2024 | 29.43% |
| Dec 31, 2023 | 34.13% |
| Sep 30, 2023 | 28.95% |
| Jun 30, 2023 | 29.87% |
| Mar 31, 2023 | 31.64% |