Sharplink (SBET) Gross Margin (2023 - 2026)

Sharplink has disclosed Gross Margin across 4 years of filings, most recently posting 96.42% for 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 retreated to 96.42% in Q1 2026, from 97.63% in the prior quarter.
• Over the last five years, Gross Margin for SBET reached as high as 97.63% in Q4 2025 and fell as low as 17.76% in Q1 2025.
• The 4-year median for Gross Margin is 29.87% (2023), against an average of 43.09%.
• Annual changes were most pronounced in 2024 — Gross Margin tumbled 1393 bps — and 2026, when it jumped 7866 bps.
• A 4-year view of Gross Margin shows it stood at 34.13% in 2023, then sank 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.
• According to Business Quant data, Gross Margin over the past three periods registered 96.42%, 97.63%, and 96.03% for Q1 2026, Q4 2025, and Q3 2025 respectively.