SBET
SharpLink Gaming, Inc.9.71
+0.20+2.1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.91BP/E (TTM)
-Basic EPS (TTM)
-14.55Dividend Yield
0%Recent Filings
8-K
Sharplink's 2025 staking surge
Sharplink reported full-year 2025 results on March 9, 2026, with revenue surging to $28.1 million from $3.7 million in 2024, driven by $15.3 million Q4 staking revenue. Yet a $734.6 million net loss stemmed from $616.2 million unrealized ETH losses and $140.2 million LsETH impairments, despite $55.2 million realized gains and 864,597 ETH held at year-end. ETH per share doubled to 4.0. Volatility masks treasury strength.
10-K
FY2025 results
Sharplink launched its ETH Treasury Management segment in June 2025, generating $25,594 in staking revenue for FY2025 ended December 31, 2025, while affiliate marketing revenue fell 32.8% y/y to $2,461 amid softening iGaming conditions. Q4 saw $55,213 realized gains from LsETH redemptions, yet unrealized losses hit $616,173 on ETH price drops and $140,208 LsETH impairment—net operating loss swelled to $733,917. Balance sheet swelled via $3.2B capital raises, holding 640,026 ETH at fair value; no debt, $28,539 cash. Repurchased 1,938,450 shares at $16.35 average in September. ETH volatility drives results. Custody risks loom large.
8-K
46% institutional ownership record
Sharplink hit record 46% institutional ownership as of December 31, 2025, adding ~60 new investors in Q4 amid ETH staking focus. As of February 15, 2026, it holds 867,798 ETH—nearly all staked—generating 13,615 ETH rewards since June 2025. Brand refresh and Steven Ehrlich's hire as Head of Research boost outreach. Staking faces regulatory risks.
8-K
Name change to Sharplink effective
8-K
Chalom named sole CEO
SharpLink Gaming terminated Co-CEO Rob Phythian's employment on December 15, 2025, via separation agreement with $1.98M cash severance, pro-rated $144,658 incentive, health benefits, and accelerated vesting of 316,127 common shares. Joseph Chalom stepped up as sole CEO, President, and Board member, completing planned transition. Bylaws amended for DGCL compliance and governance tweaks. ETH holdings hit 863,424 with 9,241 staking rewards earned since June.
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