Sharplink SBET
NASDAQ SBET
$9.35 +1.09 (+13.20%)
At close: Sep 18, 2026 · 4:00 PM EDT

Sharplink (SBET) Operating Expenses (2023 - 2026)

Sharplink's (SBET) quarterly Operating Expenses came in at $85.4 million in Q2 2026, down 20.23% year-over-year from $107.1 million in Q2 2025, and down 57.71% quarter-over-quarter from $202.0 million in Q1 2026.

Analysis

Sharplink (SBET) Operating Expenses (2023 - 2026) Analysis & Trends

Sharplink (SBET) has reported Operating Expenses for 4 consecutive years, with $85.4 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 20.23% year-over-year to $85.4 million in Q2 2026; TTM through Jun 2026 was $379.7 million, a 238.09% increase from a year earlier, with the FY2025 full-year figure at $201.0 million, up 2285.9% from the prior year.
  • Operating Expenses was $85.4 million for Q2 2026 at Sharplink, down from $202.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $202.0 million in Q1 2026 and troughed at $1.5 million in Q2 2024.
  • A 4-year average of $36.0 million and a median of $2.0 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses plunged 30.52% in 2024 and surged 12008.99% in 2026, its largest moves.
  • Over 4 years, Operating Expenses stood at $2.0 million in 2023, then decreased by 4.26% to $1.9 million in 2024, then jumped by 3731.73% to $72.8 million in 2025, then advanced by 17.36% to $85.4 million in 2026.
  • The last three Operating Expenses figures came in at $85.4 million (Q2 2026), $202.0 million (Q1 2026), and $72.8 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Zeta Global Holdings 6.86 Bn 6.55 Bn 261.77 Mn 425.84 Mn
2 Klaviyo 4.57 Bn 3.74 Bn 269.10 Mn 284.07 Mn
3 Braze 2.77 Bn 2.37 Bn 151.86 Mn 169.98 Mn
4 LiveRamp Holdings 2.29 Bn 1.92 Bn 150.94 Mn 130.78 Mn
5 Sharplink 932.38 Mn 876.18 Mn 11.27 Mn 85.41 Mn
6 Sprout Social 616.14 Mn 496.21 Mn 96.09 Mn 98.76 Mn
7 Yext 609.60 Mn 522.77 Mn 83.84 Mn 66.27 Mn
8 TechTarget 277.74 Mn 231.92 Mn 64.48 Mn 86.56 Mn
9 Grandstand 56.16 Mn 47.35 Mn 31.83 Mn -25.16 Mn
10 Entrepreneur Universe Bright 56.14 Mn 45.47 Mn 598,485.00 572,639.00
Historic Data

Historic Data

Download Data
DateValue
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