SharpLink Gaming (SBET)
NASDAQ:SBET
Earnings Data
Report Date
May 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.79Last Year’s EPS
-1.84Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of strong operational and strategic progress (large YoY revenue growth, rising staking revenues, significant ETH-equivalent holdings, institutional ownership at ~46%, $200M strategic deployment, and substantial capital raised) alongside sizable near-term accounting headwinds (a $616.2M unrealized loss, a $140.2M impairment, and a $734.6M net loss) driven by volatile ETH market pricing. Management framed the losses as GAAP accounting effects rather than realized economic losses and emphasized a disciplined, accretive ETH per share strategy, productive deployments, and institutional partnerships to capture long-term upside. Given the balance between clear operational/strategic achievements and material accounting losses that temper near-term financial results, the overall tone is cautious but constructive.Company Guidance
Substantial Revenue Growth
Revenue for the year ended Dec 31, 2025 was $28.1 million versus $3.7 million in 2024, an increase of approximately +659% year-over-year, driven primarily by the success of the ETH staking strategy.
Quarterly Staking Revenue Acceleration
Staking revenue increased to $15.3 million in Q4 2025 from $10.3 million in Q3 2025, a sequential increase of nearly +50%, achieved despite a falling ETH market price.
Large ETH Treasury and Growth in ETH-Equivalent Holdings
As of Dec 31, 2025 Sharplink held 640,026 ETH (net fair value $1.9 billion) plus 204,409 LsETH (cost $501 million); subsequent to year-end combined ETH-equivalent holdings rose to 868,699 ETH as of March 1, 2026 (604,618 ETH + 208,893 converted LsETH + 55,188 converted WeETH).
Significant Capital Raised to Support Strategy
Management executed large equity raises in 2025 (referenced as roughly $2.1 billion in the prepared remarks; $2.5 billion referenced elsewhere on the call), demonstrating access to capital markets to grow ETH per share when accretive.
Institutional Investor Adoption
Institutional shareholder ownership increased to approximately 46% as of Dec 31, 2025 — described as the highest percentage among Ethereum treasury companies — signaling growing institutional confidence in Sharplink's governance and strategy.
Productive Deployment and Strategic Partnerships
Sharplink deployed $200 million in ETH into a Consensys/Linea partnership with ether.fi and EigenCloud to generate ETH-denominated returns above standard staking rates, and emphasized an in-house, institutional-grade treasury management model (nearly 100% staking baseline).
Improved Cash Position
Cash on hand increased to $28.5 million as of Dec 31, 2025 from $1.4 million a year earlier (approximately +1,936%), and the company also held $1.9 million in USDC.
SBET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SBET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 09, 2026 | $7.36 | $7.60 | +3.26% |
Nov 12, 2025 | $11.57 | $10.99 | -5.01% |
Aug 15, 2025 | $23.49 | $19.85 | -15.50% |
May 15, 2025 | $3.42 | $2.94 | -14.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does SharpLink Gaming (SBET) report earnings?
SharpLink Gaming (SBET) is schdueled to report earning on May 27, 2026, After Close (Confirmed).
What is SharpLink Gaming (SBET) earnings time?
SharpLink Gaming (SBET) earnings time is at May 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SBET EPS forecast?
SBET EPS forecast for the fiscal quarter 2026 (Q1) is -0.79.