Sharplink (SBET) Operating Expenses (2023 - 2026)

Sharplink has disclosed Operating Expenses across 4 years of filings, most recently posting $202.0 million for 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 $296.6 million (up 4307.07% YoY), while the FY2025 annual figure was $201.0 million, up 2285.9% from the prior year.
• Operating Expenses climbed to $202.0 million in Q1 2026, from $72.8 million in the prior quarter.
• Over the last five years, Operating Expenses for SBET reached as high as $202.0 million in Q1 2026 and fell as low as $1.5 million in Q2 2024.
• The 4-year median for Operating Expenses is $2.0 million (2023), against an average of $24.1 million.
• Annual changes were most pronounced in 2024 — Operating Expenses sank 30.52% — and 2026, when it soared 12008.99%.
• A 4-year view of Operating Expenses shows it stood at $2.0 million in 2023, then slipped by 4.26% to $1.9 million in 2024, then surged by 3731.73% to $72.8 million in 2025, then surged by 177.54% to $202.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $202.0 million, $72.8 million, and $19.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.