Sharplink (SBET) Operating Expenses (2023 - 2026)
Sharplink (SBET) reported Operating Expenses of $85.41 million for Q2 2026, down 20.2% from $107.07 million a year earlier and down 57.7% from the prior quarter.
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Analysis
Sharplink (SBET) Operating Expenses (2023 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Sharplink's Operating Expenses came in at $379.72 million, up 238.1% year-over-year; for FY2025, it came in at $201.01 million.
- Operating Expenses has a three-year compound annual growth rate of 134.4% (FY2022 to FY2025).
- By year, Operating Expenses came in at $8.43 million in FY2024 (-19.2%), $10.43 million in FY2023 (-33.2%) and $15.6 million in FY2022.
- Five-year quarterly Operating Expenses spans a low of $1.48 million in Q2 2024 and a high of $201.98 million in Q1 2026.
- Per Business Quant data, the three quarters before Q2 2026 came in at $201.98 million (Q1 2026), $72.77 million (Q4 2025) and $19.56 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 466.13 Bn | 435.08 Bn | 1.64 Bn | 726.59 Mn |
| 2 | Oracle | 383.82 Bn | 255.95 Bn | - | 12.62 Bn |
| 3 | Sap Se | 263.61 Bn | 191.39 Bn | 8.40 Bn | -8.41 Bn |
| 4 | Salesforce | 198.89 Bn | 154.76 Bn | 8.70 Bn | 6.37 Bn |
| 5 | ServiceNow | 149.64 Bn | 128.10 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Automatic Data Processing | 115.45 Bn | 97.58 Bn | 2.51 Bn | 4.34 Bn |
| 7 | Intuit | 89.90 Bn | 69.25 Bn | 3.44 Bn | 3.88 Bn |
| 8 | Relx | 71.97 Bn | 71.07 Bn | - | - |
| 9 | Thomson Reuters | 48.55 Bn | 45.33 Bn | - | -1.21 Bn |
| 10 | Sharplink | 1.56 Bn | 1.45 Bn | - | 85.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 85.41 Mn |
| Mar 31, 2026 | 201.98 Mn |
| Dec 31, 2025 | 72.77 Mn |
| Sep 30, 2025 | 19.56 Mn |
| Jun 30, 2025 | 107.07 Mn |
| Mar 31, 2025 | 1.67 Mn |
| Dec 31, 2024 | 1.90 Mn |
| Sep 30, 2024 | 1.68 Mn |
| Jun 30, 2024 | 1.48 Mn |
| Mar 31, 2024 | 1.97 Mn |
| Dec 31, 2023 | 1.98 Mn |
| Sep 30, 2023 | 1.80 Mn |
| Jun 30, 2023 | 2.14 Mn |
| Mar 31, 2023 | 2.05 Mn |
API Access
Sharplink Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SBET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SBET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SBET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();