Sharplink (SBET) Operating Expenses (2023 - 2026)

Sharplink (SBET) has reported Operating Expenses for 4 consecutive years, with $202.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses rose 12008.99% year-over-year to $202.0 million; the TTM figure through Mar 2026 stood at $330.9 million (up 4815.75% YoY), while the FY2025 annual figure was $201.0 million, up 2285.9% from the prior year.
• Operating Expenses improved to $202.0 million in Q1 2026 per SBET's latest filing, from $107.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $202.0 million in Q1 2026 and bottomed at $1.5 million in Q2 2024.
• Historically, Operating Expenses has averaged $26.7 million across 4 years, with a median of $2.0 million in 2023.
• Annual changes were most pronounced in 2024 — Operating Expenses tumbled 30.52% — and 2026, when it soared 12008.99%.
• Sharplink's Operating Expenses stood at $2.0 million in 2023, then dropped by 4.26% to $1.9 million in 2024, then soared by 5534.52% to $107.0 million in 2025, then soared by 88.74% to $202.0 million in 2026.
• Business Quant data shows SBET's Operating Expenses at $202.0 million in Q1 2026, $107.0 million in Q4 2025, and $19.6 million in Q3 2025.