SharpLink Gaming (SBET)
Market Price (12/27/2025): $8.88 | Market Cap: $1.3 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
SharpLink Gaming (SBET)
Market Price (12/27/2025): $8.88Market Cap: $1.3 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 239% | Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -152% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -170% |
| Megatrend and thematic driversMegatrends include Markets & Betting, Digital Content & Streaming, and Digital Advertising. Themes include Prediction Markets, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% | Expensive valuation multiplesP/SPrice/Sales ratio is 101x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 154% | ||
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -74%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -74% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.2% | ||
| High stock price volatilityVol 12M is 501% | ||
| Key risksSBET key risks include [1] a valuation heavily dependent on volatile Ethereum prices, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 239% |
| Megatrend and thematic driversMegatrends include Markets & Betting, Digital Content & Streaming, and Digital Advertising. Themes include Prediction Markets, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -152% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -170% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 101x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 154% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -74%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -74% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.2% |
| High stock price volatilityVol 12M is 501% |
| Key risksSBET key risks include [1] a valuation heavily dependent on volatile Ethereum prices, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Below are the key points highlighting why SharpLink Gaming (SBET) stock moved by -50.1% during the approximate time period from August 31, 2025, to December 27, 2025:
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<b>1. Deterioration in Q2 2025 Financial Performance:</b> SharpLink Gaming reported widening net losses and a significant decline in revenue for its second quarter of 2025. The earnings per share (EPS) notably dropped to ($4.27) from ($1.35) in the prior year, and revenue decreased from approximately $1 million to $700,000, which negatively impacted investor confidence and contributed to a substantial stock price drop, including a 14.7% plunge in a single trading day in late August 2025.
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<b>2. Market Skepticism Despite Strong Q3 2025 Earnings:</b> Despite reporting a significant increase in Q3 2025 total revenue to $10.8 million and net income to $104.3 million, largely driven by unrealized gains on its Ethereum holdings and staking strategies, SharpLink Gaming's stock experienced a decline post-earnings in November 2025. This indicated that investors remained cautious or skeptical about the sustainability of its crypto-dependent business model.
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<b>3. Broader Cryptocurrency Market Downturn:</b> A "new winter" in the cryptocurrency market in December 2025, characterized by weak sentiment and choppy trading for major digital assets like Bitcoin, likely put downward pressure on SBET. As SharpLink Gaming's future and financial performance are heavily tied to Ethereum's price and the overall crypto market, a decline in the broader market would directly affect its stock value.
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<b>4. Overvaluation Concerns and Bearish Technical Signals:</b> Throughout the specified period, analysts and market indicators consistently highlighted concerns regarding SharpLink Gaming's valuation. This included a high price-to-sales ratio (e.g., 1,945.44 in August 2025), and bearish technical signals such as a bearish crossover in the Moving Average Convergence Divergence (MACD) indicator, which suggested potential further downward momentum and contributed to a negative investor outlook.
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<b>5. Regulatory Uncertainty Regarding Ethereum's Classification:</b> The potential for regulators to deem Ethereum (ETH) a security in the future was identified as a significant risk factor. Such a classification could force SharpLink Gaming to register as an investment company, leading to substantial compliance costs and required shifts in its business model, creating uncertainty for investors whose holdings are now largely a proxy for Ethereum exposure.
Show moreStock Movement Drivers
Fundamental Drivers
The -44.4% change in SBET stock from 9/26/2025 to 12/26/2025 was primarily driven by a -515.9% change in the company's Shares Outstanding (Mil).| 9262025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 16.00 | 8.90 | -44.38% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3.14 | 13.11 | 316.84% |
| P/S Multiple | 123.16 | 101.22 | -17.81% |
| Shares Outstanding (Mil) | 24.20 | 149.06 | -515.87% |
| Cumulative Contribution | -1524.69% |
Market Drivers
9/26/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| SBET | -44.4% | |
| Market (SPY) | 4.3% | 58.4% |
| Sector (XLY) | 1.8% | 45.5% |
Fundamental Drivers
The -4.9% change in SBET stock from 6/27/2025 to 12/26/2025 was primarily driven by a -27947.7% change in the company's Shares Outstanding (Mil).| 6272025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.36 | 8.90 | -4.91% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3.43 | 13.11 | 282.31% |
| P/S Multiple | 1.45 | 101.22 | 6875.88% |
| Shares Outstanding (Mil) | 0.53 | 149.06 | -27947.75% |
| Cumulative Contribution | -7426909.83% |
Market Drivers
6/27/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| SBET | -4.9% | |
| Market (SPY) | 12.6% | 34.1% |
| Sector (XLY) | 11.9% | 27.1% |
Fundamental Drivers
The -6.1% change in SBET stock from 12/26/2024 to 12/26/2025 was primarily driven by a -4144.5% change in the company's Shares Outstanding (Mil).| 12262024 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.48 | 8.90 | -6.12% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3.87 | 13.11 | 239.01% |
| P/S Multiple | 8.61 | 101.22 | 1075.44% |
| Shares Outstanding (Mil) | 3.51 | 149.06 | -4144.52% |
| Cumulative Contribution | -161267.12% |
Market Drivers
12/26/2024 to 12/26/2025| Return | Correlation | |
|---|---|---|
| SBET | -6.1% | |
| Market (SPY) | 15.8% | 14.2% |
| Sector (XLY) | 5.2% | 15.4% |
Fundamental Drivers
The -76.1% change in SBET stock from 12/27/2022 to 12/26/2025 was primarily driven by a -75628.1% change in the company's Shares Outstanding (Mil).| 12272022 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 37.20 | 8.90 | -76.08% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | � | 13.11 | � |
| P/S Multiple | � | 101.22 | � |
| Shares Outstanding (Mil) | 0.20 | 149.06 | -75628.11% |
| Cumulative Contribution | � |
Market Drivers
12/27/2023 to 12/26/2025| Return | Correlation | |
|---|---|---|
| SBET | -45.5% | |
| Market (SPY) | 48.0% | 12.1% |
| Sector (XLY) | 37.0% | 13.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SBET Return | 50% | -15% | -88% | -52% | -57% | 20% | -96% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| SBET Win Rate | 58% | 33% | 25% | 25% | 50% | 17% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| SBET Max Drawdown | -22% | -29% | -91% | -62% | -69% | -67% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | SBET | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -90.9% | -25.4% |
| % Gain to Breakeven | 1000.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -29.6% | -33.9% |
| % Gain to Breakeven | 42.0% | 51.3% |
| Time to Breakeven | 79 days | 148 days |
| 2018 Correction | ||
| % Loss | -22.7% | -19.8% |
| % Gain to Breakeven | 29.3% | 24.7% |
| Time to Breakeven | 7 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -55.6% | -56.8% |
| % Gain to Breakeven | 125.3% | 131.3% |
| Time to Breakeven | 81 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
SharpLink Gaming's stock fell -90.9% during the 2022 Inflation Shock from a high on 1/3/2022. A -90.9% loss requires a 1000.0% gain to breakeven.
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AI Analysis | Feedback
Here are a couple of brief analogies to describe SharpLink Gaming (SBET):
Booking.com for sports betting: Just as Booking.com helps users find and book travel services (hotels, flights) and earns a commission for referrals, SharpLink Gaming helps online sports betting enthusiasts find and sign up for various sportsbooks, earning commissions from those operators.
LendingTree for sports betting: Similar to how LendingTree connects consumers looking for loans with multiple lenders and earns a fee, SharpLink Gaming connects potential bettors with different online sportsbooks and iGaming platforms, driving customer acquisition for the operators.
AI Analysis | Feedback
- Affiliate Marketing Services (Service: Digital Marketing): SharpLink Gaming provides digital marketing and lead generation services by driving traffic and player registrations to regulated online sports betting and iGaming operators, earning commissions based on performance.
- Sports Betting Content & Publishing (Service: Digital Media): The company operates digital media properties that offer sports news, analysis, predictions, and other engaging content, serving as a content creation and publishing platform for sports enthusiasts and bettors.
- Proprietary Technology Solutions (Service: Software Platform): SharpLink develops and deploys its own technology platforms, offered as a service, designed to optimize content monetization, enhance audience engagement, and manage affiliate tracking for its iGaming initiatives.
AI Analysis | Feedback
SharpLink Gaming (SBET) primarily operates in a business-to-business (B2B) model, providing technology solutions, affiliate marketing, and managed services to online sports betting and iGaming operators. Its major customers are the licensed sportsbooks and online casinos themselves, for whom SharpLink drives user acquisition and engagement.
Based on their business model and the general landscape of the regulated U.S. sports betting and iGaming markets, SharpLink Gaming likely works with or targets many of the leading operators. While specific, exclusive long-term contracts with all customers are not always publicly detailed, the following are prominent public companies that represent the typical profile of SharpLink's major clientele:
- DraftKings Inc. (Symbol: DKNG)
- Caesars Entertainment, Inc. (Symbol: CZR)
- PENN Entertainment, Inc. (Symbol: PENN)
- Rush Street Interactive, Inc. (Symbol: RSI)
SharpLink also likely serves other major operators, including those that are privately held or are subsidiaries of larger, non-pure-play public companies (e.g., FanDuel, BetMGM, Tipico).
AI Analysis | Feedback
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Joseph Chalom Co-Chief Executive Officer
Joseph Chalom was appointed Co-Chief Executive Officer of SharpLink Gaming, Inc. on July 24, 2025. Prior to joining SharpLink, he spent 20 years at BlackRock, where he served as Managing Director and Head of Strategic Ecosystem Partnerships, leading digital finance innovations, including the launch of the iShares Ethereum Trust (ETHA). He also architected strategic partnerships with prominent companies such as Nasdaq, Coinbase, Anchorage Digital Bank, BNY Mellon, and Circle. Chalom held other senior leadership roles at BlackRock, including interim Deputy Chief Operating Officer and Chief Operating Officer of BlackRock Solutions.
Rob Phythian President and Board Member
Rob Phythian co-founded SharpLink Gaming in 2019 and served as its CEO since inception, transitioning to President and remaining a Board Member effective July 25, 2025. He was CEO of SportsHub Games Network, Inc. from 2015 through June 2021. Before SportsHub, he co-founded Sports Data in 2010, a sports content provider, which he later sold to Sportradar AG in 2013. Earlier in his career, he founded Fanball.com, an online fantasy sports site, and sold it to FUN Technologies in 2005. FUN Technologies was subsequently acquired by Liberty Media Corporation in 2007.
Robert DeLucia Chief Financial Officer
Robert DeLucia was appointed SharpLink's Chief Financial Officer effective August 22, 2022. Before joining SharpLink, he was recruited as Interim Chief Financial Officer of Neon Logistics, LLC. From February through December 2022, he served as Chief Accounting Officer at GTT Communications, where he was credited with leading the company's financial restructuring and was involved in the $2 billion sale of its fiber backbone division. From October 2016 through 2019, DeLucia provided fractional CFO services to primarily mid-sized private equity firms at Tarsus CFO Services.
Matthew Sheffield Chief Investment Officer
Matthew Sheffield was appointed Chief Investment Officer on October 20, 2025. He brings extensive institutional trading and digital asset investment experience, having most recently served as Head of U.S. Spot Trading at FalconX, an institutional digital asset prime brokerage and trading firm.
Mandy Campbell Chief Marketing Officer
Mandy Campbell was appointed Chief Marketing Officer on October 20, 2025. Prior to SharpLink, she was the Head of Marketing at Bain Capital Crypto.
AI Analysis | Feedback
The key risks to SharpLink Gaming (symbol: SBET) primarily stem from its strategic pivot from a sports betting marketing company to an Ethereum (ETH) treasury company.
- Ethereum Price Volatility: The most significant risk to SharpLink Gaming is the inherent volatility of the cryptocurrency market, specifically the price of Ethereum. The company's value is now predominantly tied to its substantial ETH holdings. A significant downturn or "crypto crash" in the price of Ethereum would directly and severely impact SharpLink Gaming's valuation and stock price. The stock is highly sensitive to ETH price movements, acting as a leveraged play on the cryptocurrency.
- Regulatory Risk: The evolving and uncertain regulatory landscape surrounding cryptocurrencies poses a substantial threat to SharpLink Gaming's business model. Potential government crackdowns, new taxes on corporate crypto holdings, stricter rules, or the classification of SBET as an unregistered investment company could severely impact the company. Regulatory changes could also limit staking rewards or require new disclosures, diminishing Ethereum's appeal and negatively affecting SharpLink's financial stability and stock value.
- Share Dilution and Unprofitable Legacy Operations: Historically, SharpLink Gaming's core sports betting marketing business faced significant challenges, including revenue decline and negative profit margins. Although the company has pivoted to an Ethereum treasury strategy, its past reliance on equity issuance to fund ETH purchases has led to shareholder dilution. If the crypto strategy underperforms or if the company's legacy operations continue to be unprofitable, there is a risk of further shareholder dilution to sustain the business or fund future activities.
AI Analysis | Feedback
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SharpLink Gaming (SBET), historically an online performance-based marketing company for the sports betting and iGaming industries, has recently undergone a significant strategic pivot to become an Ethereum (ETH) treasury company. While its primary focus has shifted to accumulating and staking Ethereum as a treasury asset, the company still maintains "core operations" in sports betting and iGaming. Based on its historical and continuing, though perhaps de-emphasized, services in the online sports betting and iGaming sectors, the addressable market sizes are as follows:U.S. Sports Betting Market
The U.S. sports betting market size is projected to reach approximately USD 19.76 billion in 2025. This market is expected to grow further, with estimates suggesting it will reach USD 33.18 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.9% from 2025 to 2030. Another estimate puts the U.S. sports betting market at USD 9.6 billion in 2024, with a projection to reach USD 27.4 billion by 2033, demonstrating a CAGR of 11.10% during 2025-2033. The online platform segment accounted for a significant revenue share of 69.7% in 2024.U.S. iGaming Market
The U.S. iGaming market (online casino gambling) is projected to reach approximately USD 26.8 billion in total revenues in 2025. This represents a 15% increase from USD 23.4 billion in 2024. The industry's CAGR is expected to be 7.63% from 2025 to 2033, with the market anticipated to double by 2033. In 2024, the U.S. iGaming market was also forecast to grow by 22% year-on-year to $8.2 billion. While SharpLink Gaming has made a significant shift towards Ethereum treasury management, these market sizes reflect the industries where it continues to operate its affiliate marketing and digital engagement solutions.AI Analysis | Feedback
SharpLink Gaming (SBET) is expected to drive future revenue growth over the next 2-3 years primarily through its strategic shift to an Ethereum Treasury Strategy, in addition to potential growth within its evolving legacy business. Here are the key drivers:- Expansion of Ethereum Treasury Strategy and ETH Holdings: SharpLink's core strategy now focuses on accumulating Ether (ETH) as its primary treasury reserve asset. The company aims to generate revenue through ETH appreciation and by employing yield-enhancing strategies such as liquid staking, restaking, and participation in decentralized finance (DeFi). SharpLink has already acquired over 700,000 ETH, demonstrating a commitment to significant asset accumulation. This aggressive accumulation and yield generation from its substantial ETH holdings are central to its future revenue growth.
- Strategic Partnerships: A key differentiator for SharpLink is its strategic partnership with Consensys, described as a leading Ethereum software company. This collaboration is expected to provide distinct advantages over other ETH treasury companies and could open doors to new revenue streams, potentially through joint ventures, enhanced yield opportunities, or specialized services within the Ethereum ecosystem.
- Disciplined Capital Raising and Deployment: The company's ability to consistently raise and intelligently deploy capital is a significant driver. SharpLink has already raised over $2.6 billion to fund its ETH acquisitions, demonstrating its capacity to attract investment for its treasury strategy. Continued successful capital formation and its efficient allocation into yield-generating ETH strategies will directly contribute to revenue growth.
- Growth of Crypto-Focused Affiliate Marketing Services: While the primary focus has shifted, SharpLink's legacy affiliate marketing business still exists and is anticipated to find new growth opportunities through blockchain and crypto-focused partnerships. This segment could contribute to revenue by leveraging its existing expertise within the rapidly expanding cryptocurrency market.
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Share Repurchases
- SharpLink Gaming authorized a stock repurchase program of up to $1.5 billion in August 2025.
- The company began utilizing this program in September 2025, initially repurchasing approximately 939,000 shares at an average price of $15.98.
- By September 16, 2025, SharpLink had repurchased a total of 1,938,450 shares, including an additional 1,000,000 shares bought at an average price of $16.67.
Share Issuance
- In May 2025, SharpLink completed a private placement (PIPE) of approximately 69.1 million shares at $6.15 per share, generating around $425 million in gross proceeds to fund its Ethereum treasury strategy.
- In July 2025, shareholders approved an increase in the number of authorized common stock shares from 100,000,000 to 500,000,000.
- In October 2025, SharpLink conducted a registered direct offering of 4,500,000 common shares at $17.00, raising approximately $76.5 million, with proceeds intended for acquiring Ether (ETH) and for general working capital. This offering also included purchase contracts for up to an additional 4,500,000 shares, potentially yielding another $78.8 million if fully exercised.
Inbound Investments
- Consensys Software Inc. served as the lead investor in the $425 million private placement in May 2025, which also saw participation from numerous crypto venture capital firms.
- In August 2025, SharpLink secured approximately $400 million from five global institutional investors through a registered direct offering.
Outbound Investments
- SharpLink adopted an Ethereum Treasury Strategy in 2025, accumulating Ether (ETH) as its primary treasury reserve asset, with total ETH holdings reaching 859,853 by October 19, 2025.
- In January 2024, the company divested its Sports Gaming Client Services and SportsHub Gaming Network business units to RSports Interactive, Inc. for $22.5 million in an all-cash transaction.
- In October 2025, SharpLink announced plans to deploy $200 million of its Ether treasury on Consensys Software Inc.'s Linea to generate enhanced Ethereum DeFi yield.
Capital Expenditures
- Capital expenditures have been minimal, with reported figures of -$0.01 million in 2023, -$0.01 million in 2022, and -$0.06 million in 2021.
- In December 2023, SharpLink discontinued investments in its C4 sports betting conversion technology due to a lack of market acceptance.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| SharpLink Gaming Stock Drop Looks Sharp, But How Deep Can It Go? | Return | |
| SharpLink Gaming (SBET) Operating Cash Flow Comparison | Financials | |
| SharpLink Gaming (SBET) Revenue Comparison | Financials | |
| SharpLink Gaming (SBET) EBITDA Comparison | Financials | |
| SharpLink Gaming (SBET) Net Income Comparison | Financials | |
| SharpLink Gaming (SBET) Operating Income Comparison | Financials | |
| SharpLink Gaming (SBET) Tax Expense Comparison | Financials | |
| SharpLink Gaming (SBET) Debt Comparison | Financials |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to SBET. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 13.7% | 13.7% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.0% | 6.0% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.8% | 3.8% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.7% | 19.7% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.3% | 2.3% | -1.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for SharpLink Gaming
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.32 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 2.6% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Price Behavior
| Market Price | $8.90 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 02/14/2024 | |
| Distance from 52W High | -88.8% | |
| 50 Days | 200 Days | |
| DMA Price | $11.35 | $14.50 |
| DMA Trend | up | down |
| Distance from DMA | -21.6% | -38.6% |
| 3M | 1YR | |
| Volatility | 79.6% | 503.4% |
| Downside Capture | 629.16 | 404.27 |
| Upside Capture | 229.81 | 346.67 |
| Correlation (SPY) | 57.2% | 14.3% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.32 | 3.55 | 3.11 | 5.53 | 3.61 | 2.37 |
| Up Beta | 1.16 | 1.99 | 0.98 | 4.80 | 3.72 | 3.34 |
| Down Beta | 3.99 | 2.78 | 4.11 | 7.63 | 1.53 | 0.94 |
| Up Capture | 219% | 221% | 130% | 215% | 2405% | 339% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 9 | 18 | 29 | 59 | 104 | 299 |
| Down Capture | 419% | 444% | 374% | 405% | 165% | 111% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 24 | 34 | 67 | 133 | 372 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of SBET With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| SBET | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -7.3% | 7.5% | 17.8% | 72.1% | 8.6% | 4.4% | -8.3% |
| Annualized Volatility | 500.4% | 24.3% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 1.02 | 0.24 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 15.3% | 14.2% | -7.8% | -8.1% | 10.9% | 2.2% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of SBET With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| SBET | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -50.9% | 9.6% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 245.9% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 0.32 | 0.36 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 15.4% | 13.3% | -2.2% | -2.5% | 9.3% | 5.3% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of SBET With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| SBET | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -34.7% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 195.1% | 21.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.32 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 12.6% | 10.3% | -1.1% | -0.6% | 6.3% | 3.2% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/12/2025 | -5.0% | -14.7% | -17.8% |
| 8/15/2025 | -15.5% | -23.2% | -28.5% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 2 | 2 | 2 |
| Median Positive | |||
| Median Negative | -10.3% | -18.9% | -23.2% |
| Max Positive | |||
| Max Negative | -15.5% | -23.2% | -28.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11122025 | 10-Q 9/30/2025 |
| 6302025 | 8142025 | 10-Q 6/30/2025 |
| 3312025 | 5152025 | 10-Q 3/31/2025 |
| 12312024 | 3142025 | 10-K 12/31/2024 |
| 9302024 | 11142024 | 10-Q 9/30/2024 |
| 6302024 | 8152024 | 10-Q 6/30/2024 |
| 3312024 | 5172024 | 10-Q 3/31/2024 |
| 12312023 | 3292024 | 10-K 12/31/2023 |
| 9302023 | 11132023 | 10-Q 9/30/2023 |
| 6302023 | 8142023 | 10-Q 6/30/2023 |
| 3312023 | 5162023 | 10-Q 3/31/2023 |
| 12312022 | 4052023 | 10-K 12/31/2022 |
| 6302022 | 10072022 | 6-K 6/30/2022 |
| 12312021 | 5162022 | 20-F 12/31/2021 |
| 6302021 | 9302021 | 6-K 6/30/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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