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% quarter-over-quarter from 97.63% in Q4 2025.
Sharplink (SBET) Gross Margin (2023 - 2026) Analysis & Trends
Sharplink (SBET) has 4 years of Gross Margin data on file, last reported at 96.42% in Q1 2026.
- Gross Margin for Q1 2026 came in at 96.42%, up 7866.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 95.62% (up 7372.0% YoY), and the FY2025 annual result was 93.22%, up 6847.0% from the prior year.
- Gross Margin declined to 96.42% in Q1 2026 per SBET's latest filing, from 97.63% in the prior quarter.
- Over five years, Gross Margin peaked at 97.63% in Q4 2025 and troughed at 17.76% in Q1 2025.
- A 4-year average of 43.09% and a median of 29.87% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2026: Gross Margin sank 1393 bps in 2024, then jumped 7866 bps in 2026.
- A 4-year view of Gross Margin shows it stood at 34.13% in 2023, then tumbled by 41 bps to 20.2% in 2024, then soared by 383 bps to 97.63% in 2025, then decreased by 1 bps to 96.42% in 2026.
- Business Quant data shows SBET's Gross Margin at 96.42% in Q1 2026, 97.63% in Q4 2025, and 96.03% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (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 | 89.97% |
| 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 | 99.97% |
| 10 | Sharplink | 63.05 Mn | 46.18 Mn | 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% |