Sharplink (SBET) Gross Margin (2023 - 2026)
Sharplink (SBET) posted quarterly 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 reported Gross Margin for 4 consecutive years, with 96.42% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 7866.0% year-over-year to 96.42%; the TTM figure through Mar 2026 stood at 95.62% (up 7372.0% YoY), while the FY2025 annual figure was 93.22%, up 6847.0% from the prior year.
- Gross Margin slipped 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.
- Historically, Gross Margin has averaged 43.09% across 4 years, with a median of 29.87% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin sank 1393 bps — and 2026, when it jumped 7866 bps.
- Sharplink's Gross Margin stood at 34.13% in 2023, then plunged by 41 bps to 20.2% in 2024, then jumped by 383 bps to 97.63% in 2025, then slipped 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 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | - |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | - |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 206.12% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 92.05% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 72.42% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | - |
| 10 | Sharplink | 1.26 Bn | 1.24 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% |