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SharpLink Gaming Ltd. (SBET) 10-Year Financial Performance & Capital Metrics

SBET • • Industrial / General
Consumer CyclicalCasinos & GamingGaming Technology & ServicesGaming Marketing & Technology Services
AboutSharpLink Gaming Ltd. operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. It operates through Affiliate Marketing Services – United States, Sports Gaming Client Services, Enterprise Telecom Expense Management, and Affiliate Marketing Services – International segments. The company collects information on potential U.S. domiciled sports bettors, connects them with contextual sports betting content, and converts them to paying sports betting customers, as well as offers sports betting data to sports media publishers. It also provides development, hosting, operations, maintenance, and service of free-to-play games and contests; and solutions for telecommunications expense management, enterprise mobility management, call usage, and accounting software, as well as iGaming and affiliate marketing network, which focuses on delivering quality traffic and player acquisitions, and retention and conversions to global iGaming operator partner worldwide. The company was founded in 2019 and is headquartered in Minneapolis, Minnesota.Show more
  • Revenue $4M -26.1%
  • EBITDA -$5M +45.1%
  • Net Income $10M +170.9%
  • EPS (Diluted) -15.93 +67.6%
  • Gross Margin 24.75% -20.0%
  • EBITDA Margin -129.72% +25.8%
  • Operating Margin -130.05% +27.6%
  • Net Margin 275.77% +195.9%
  • ROE 484.89%
  • ROIC -454.74% -85.9%
  • Debt/Equity -
  • Interest Coverage -14.68 -89.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 153.8%
  • ✓Trading at only 1.4x book value
  • ✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 24.7% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-6.36%
5Y8.99%
3Y11.59%
TTM239.01%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-117.54%

EPS CAGR

10Y-
5Y-
3Y-
TTM-220.42%

ROCE

10Y Avg-125.05%
5Y Avg-205.18%
3Y Avg-203.45%
Latest-228.67%

Peer Comparison

Gaming Marketing & Technology Services
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Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GAMBGambling.com Group Limited175.13M4.985.9317.05%1.23%1.42%2.18%0.23
SBETSharpLink Gaming Ltd.2.05B10.44-0.66-26.05%-7.86%-0.03%

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+14.71M14.05M8.63M5.86M2.38M2.28M2.64M3.49M4.95M3.66M
Revenue Growth %1.08%-0.04%-0.39%-0.32%-0.59%-0.04%0.16%0.32%0.42%-0.26%
Cost of Goods Sold+8.41M6.91M3.51M2.15M2.02M1.86M2.94M2.17M3.42M2.76M
COGS % of Revenue0.57%0.49%0.41%0.37%0.85%0.81%1.11%0.62%0.69%0.75%
Gross Profit+6.3M7.14M5.12M3.71M361.51K423.72K-299.36K1.32M1.53M906.27K
Gross Margin %0.43%0.51%0.59%0.63%0.15%0.19%-0.11%0.38%0.31%0.25%
Gross Profit Growth %0.51%0.13%-0.28%-0.27%-0.9%0.17%-1.71%5.4%0.16%-0.41%
Operating Expenses+7.49M8.58M6.98M4.54M743.27K1.63M33.2M15.6M10.43M5.67M
OpEx % of Revenue0.51%0.61%0.81%0.77%0.31%0.72%12.59%4.47%2.11%1.55%
Selling, General & Admin5.68M5.82M4.84M3.71M743.27K1.63M9.89M10.87M00
SG&A % of Revenue0.39%0.41%0.56%0.63%0.31%0.72%3.75%3.12%--
Research & Development1.8M2.76M2.15M825K000000
R&D % of Revenue0.12%0.2%0.25%0.14%------
Other Operating Expenses00000023.3M4.73M10.43M5.67M
Operating Income+-4.54M-5.73M-1.78M-1.12M-381.76K-1.21M-33.49M-14.28M-8.89M-4.76M
Operating Margin %-0.31%-0.41%-0.21%-0.19%-0.16%-0.53%-12.71%-4.09%-1.8%-1.3%
Operating Income Growth %-1.92%-0.26%0.69%0.37%0.66%-2.16%-26.76%0.57%0.38%0.46%
EBITDA+-3.68M-4.62M-1.68M-1.04M-283.91K-1.07M-33.29M-13.37M-8.66M-4.75M
EBITDA Margin %-0.25%-0.33%-0.19%-0.18%-0.12%-0.47%-12.63%-3.83%-1.75%-1.3%
EBITDA Growth %-1.89%-0.26%0.64%0.38%0.73%-2.78%-30%0.6%0.35%0.45%
D&A (Non-Cash Add-back)868K1.11M98K82K97.86K133.03K206.25K912.25K236.41K12.1K
EBIT-4.72M-5.7M-327K-840K-365.99K-1.14M-33.47M-14M-6.43M-4.76M
Net Interest Income+0000-4.26K22.09K29.05K-75.76K-1.1M-264.23K
Interest Income000015.78K23.47K29.05K33.4K53.49K60.29K
Interest Expense177K00020.04K1.38K0109.17K1.15M324.52K
Other Income/Expense-177K27K1.37M46K-4.26K68.59K29.05K174.24K-2.34M289.1K
Pretax Income+-4.72M-5.7M-1.72M-840K-386.02K-1.14M-33.47M-14.11M-11.23M-4.47M
Pretax Margin %-0.32%-0.41%-0.2%-0.14%-0.16%-0.5%-12.7%-4.04%-2.27%-1.22%
Income Tax+194K-507K-9K46K-79.87K9704.17K-12.96K15.71K-232
Effective Tax Rate %1.04%0.91%0.99%1.05%0.79%1%1.66%1.08%1.27%-2.26%
Net Income+-4.92M-5.19M-1.72M-886K-306.15K-1.14M-55.64M-15.23M-14.24M10.1M
Net Margin %-0.33%-0.37%-0.2%-0.15%-0.13%-0.5%-21.11%-4.36%-2.88%2.76%
Net Income Growth %-1.91%-0.06%0.67%0.48%0.65%-2.72%-47.85%0.73%0.07%1.71%
Net Income (Continuing)-4.92M-5.19M-402K-886K-306.15K-1.14M-33.47M-14.1M-11.25M-4.47M
Discontinued Operations000000-22.17M-1.14M-2.99M14.57M
Minority Interest0000000000
EPS (Diluted)+-475.56-444.76-141.85-99.21-6.46-25.82-473.48-735.17-49.11-15.93
EPS Growth %-0.92%0.06%0.68%0.3%0.93%-3%-17.34%-0.55%0.93%0.68%
EPS (Basic)-475.56-444.76-141.85-99.21-6.46-25.82-473.48-735.17-49.11-15.93
Diluted Shares Outstanding9.96K11.74K12.46K14.31K20.89K44.77K119.17K20.73K230.08K286.94K
Basic Shares Outstanding9.96K11.74K12.46K14.31K20.89K44.77K119.17K20.73K230.08K286.94K
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+8.44M7.8M4.16M3.42M4.1M3.22M9.49M53.91M71.1M2.55M
Cash & Short-Term Investments3.81M2.15M2.22M2.53M3.2M2.59M6.07M1.38M2.49M1.44M
Cash Only3.67M2.01M2.22M2.53M3.2M2.59M6.07M1.38M2.49M1.44M
Short-Term Investments134K136K00000000
Accounts Receivable4.6M5.61M595K665K526K631.25K1.1M452.87K427.12K264.83K
Days Sales Outstanding114.15145.6425.1841.4180.61101.11152.9547.3631.4826.39
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets6K4K1.32M200K206K-371.35K1.85M52.08M67.81M542.91K
Total Non-Current Assets+13.59M4.49M4.48M4.1M3.94M1.2M11.07M11.13M176.9K16.52K
Property, Plant & Equipment160K198K107K60K62K210.28K220.63K21.88K8.79K3.36K
Fixed Asset Turnover91.95x70.97x80.62x97.68x38.42x10.84x11.95x159.50x563.32x1090.31x
Goodwill8.3M3.48M3.48M3.48M3.23M381K3.51M1.62M00
Intangible Assets4.46M63K42K21K0608.6K5.55M838.46K168.11K13.16K
Long-Term Investments00-6.9M000200K200K00
Other Non-Current Assets668K752K856K541K653K-171K1.59M8.46M00
Total Assets+22.02M12.29M8.65M7.52M8.04M4.42M20.56M65.05M71.28M2.57M
Asset Turnover0.67x1.14x1.00x0.78x0.30x0.52x0.13x0.05x0.07x1.42x
Asset Growth %1.02%-0.44%-0.3%-0.13%0.07%-0.45%3.65%2.16%0.1%-0.96%
Total Current Liabilities+8.88M9.35M5.71M4.22M3.94M1.54M5.86M58.91M79.25M488.3K
Accounts Payable3.3M4.09M308K164K149K0813.62K689.16K834.06K281.39K
Days Payables Outstanding143.02215.7432.0227.8526.92-101.18115.7189.0137.27
Short-Term Debt0000027.57K0620.17K11.39M0
Deferred Revenue (Current)1000K1000K1000K1000K962K406.51K308.06K1000K00
Other Current Liabilities2.85M2.92M3.54M2.57M2.38M705.41K3.45M12.46M66.4M10.02K
Current Ratio0.95x0.83x0.73x0.81x1.04x2.10x1.62x0.92x0.90x5.23x
Quick Ratio0.95x0.83x0.73x0.81x1.04x2.10x1.62x0.92x0.90x5.23x
Cash Conversion Cycle----------
Total Non-Current Liabilities+7M1.08M1.22M903K994K169.91K507.81K3.15M1.43M0
Long-Term Debt00000002.06M1.42M0
Capital Lease Obligations00000165.52K136.26K210.04K00
Deferred Tax Liabilities578K166K146K181K163K4.39K5.58K6.21K00
Other Non-Current Liabilities6.42M914K1.07M722K831K0365.98K868.46K7.16K0
Total Liabilities15.88M10.43M6.93M5.12M4.94M1.71M6.37M62.06M80.68M488.3K
Total Debt+00000193.09K165.52K2.92M12.81M0
Net Debt-3.67M-2.01M-2.22M-2.53M-3.2M-2.39M-5.9M1.54M10.32M-1.44M
Debt / Equity-----0.07x0.01x0.98x--
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-25.68x----19.05x-877.60x--130.84x-7.73x-14.68x
Total Equity+6.15M1.86M1.71M2.4M3.1M2.71M14.19M2.99M-9.4M2.08M
Equity Growth %0.09%-0.7%-0.08%0.4%0.29%-0.13%4.23%-0.79%-4.15%1.22%
Book Value per Share617.06158.45137.36167.89148.6460.63119.09144.05-40.857.26
Total Shareholders' Equity6.15M1.86M1.71M2.4M3.1M2.71M14.19M2.99M-9.4M2.08M
Common Stock21K23K25K27K30K215.01K447.35K537.73K572.77K461
Retained Earnings-19.48M-24.7M-26.47M-27.41M-27.55M-2.69M-58.33M-73.57M-87.86M-77.81M
Treasury Stock-29K-29K-29K-29K-29K0-29K-29K-29K-29K
Accumulated OCI-8K1K-1.21M-1.21M0-5.27K0000
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+401K-453K149K-1.22M74.82K-769.1K-6.07M-5.94M582.89K-22.81M
Operating CF Margin %0.03%-0.03%0.02%-0.21%0.03%-0.34%-2.3%-1.7%0.12%-6.23%
Operating CF Growth %1.27%-2.13%1.33%-9.18%1.06%-11.28%-6.89%0.02%1.1%-40.14%
Net Income-4.92M-5.19M-402K-886K-306.15K-1.14M-55.64M-14.1M-11.25M-4.47M
Depreciation & Amortization868K1.11M98K82K97.86K133.03K270.14K912.25K107.41K12.1K
Stock-Based Compensation190K223K1K90K067.07K1.66M0261.37K148.52K
Deferred Taxes41K-514K-20K35K-79.87K9701.17K81.32K-6.21K-7.16K
Other Non-Cash Items6.12M7.53M227K522K0-46.5K47.03M7.39M10.11M-17.14M
Working Capital Changes-2.08M-897K477K-597K362.99K215.4K619.85K-224.31K1.36M-1.35M
Change in Receivables430K-1.06M42K-67K-23.68K478.16K42.95K68.32K25.75K-110.83K
Change in Inventory0000000000
Change in Payables1.68M789K-77K-144K00037.82K00
Cash from Investing+-2.79M-1.91M88K-15K-193K-298.3K-4.41M48.3M-1.03M-18.71M
Capital Expenditures-108K-129K-50K-14K-193K-298.3K-260.24K-35.8K-286.15K-1.72K
CapEx % of Revenue0.01%0.01%0.01%0%0.08%0.13%0.1%0.01%0.06%0%
Acquisitions----------
Investments----------
Other Investing-411K-380K-3K-1K001.93M48.33M-745.95K-18.71M
Cash from Financing+551K700K400K1.54M1.92M1.85M15.68M2.68M9.78M-17.38M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000-589.33K-653.57K0000
Share Repurchases----------
Other Financing0000-124.56K408.67K-165.89K0474.07K-5.68M
Net Change in Cash----------
Free Cash Flow+293K-582K99K-1.23M-118.18K-1.07M-6.33M-5.95M296.74K-22.82M
FCF Margin %0.02%-0.04%0.01%-0.21%-0.05%-0.47%-2.4%-1.71%0.06%-6.23%
FCF Growth %1.19%-2.99%1.17%-13.45%0.9%-8.03%-4.93%0.06%1.05%-77.89%
FCF per Share29.40-49.587.94-86.15-5.66-23.84-53.13-287.021.29-79.52
FCF Conversion (FCF/Net Income)-0.08x0.09x-0.09x1.38x-0.24x0.68x0.11x0.39x-0.04x-2.26x
Interest Paid00000000485.53K485.53K
Taxes Paid0000000086.32K504.75K

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-83.46%-129.7%-96.02%-43.06%-11.12%-39.15%-658.28%-177.36%-484.89%
Return on Invested Capital (ROIC)-210.29%-370.03%----781.99%-583.26%-167.1%-244.56%-454.74%
Gross Margin42.81%50.8%59.3%63.33%15.18%18.59%-11.36%37.71%30.95%24.75%
Net Margin-33.41%-36.96%-19.88%-15.12%-12.85%-49.99%-2111.13%-436.49%-287.58%275.77%
Debt / Equity-----0.07x0.01x0.98x--
Interest Coverage-25.68x----19.05x-877.60x--130.84x-7.73x-14.68x
FCF Conversion-0.08x0.09x-0.09x1.38x-0.24x0.68x0.11x0.39x-0.04x-2.26x
Revenue Growth108.21%-4.49%-38.61%-32.05%-59.36%-4.32%15.66%32.41%41.91%-26.05%

Revenue by Segment

201220132014201520162017202120232024
Affiliate Marketing Services--------3.66M
Affiliate Marketing Services Growth---------
Rest Of World-------4.2M-
Rest Of World Growth---------
UNITED STATES-------754.45K-
UNITED STATES Growth---------
Managed Services------934.26K--
Managed Services Growth---------
Maintenance------363.7K--
Maintenance Growth---------
Software License------190.57K--
Software License Growth---------
Service, Other------28.47K--
Service, Other Growth---------
Enterprise----6.66M6.13M---
Enterprise Growth------8.07%---
Video Advertising----6.5M1.85M---
Video Advertising Growth------71.50%---
Video Advertising Business Unit---7.02M-----
Video Advertising Business Unit Growth---------
Enterprise9.04M7.82M6.6M6.86M-----
Enterprise Growth--13.54%-15.56%3.92%-----
Service Providers4.08M4.66M465K835K-----
Service Providers Growth-13.95%-90.01%79.57%-----

Revenue by Geography

201220132014201520162017202120232024
Rest Of World------331.63K4.2M-
Rest Of World Growth-------1165.95%-
UNITED STATES------1.19M754.45K-
UNITED STATES Growth--------36.35%-
United States10.25M10.82M5.64M11.45M6.86M6.59M---
United States Growth-5.52%-47.84%102.94%-40.09%-3.95%---
Israel917K400K440K571K3.18M886K---
Israel Growth--56.38%10.00%29.77%456.57%-72.12%---
Europe---923K1.15M452K---
Europe Growth----24.27%-60.59%---
Asia---1.49M1.98M430K---
Asia Growth----32.89%-78.33%---
Other----883K269K---
Other Growth------69.54%---
Other Countries968K487K375K275K-----
Other Countries Growth--49.69%-23.00%-26.67%-----
Far East-300K300K------
Far East Growth--0.00%------
Holland297K216K219K------
Holland Growth--27.27%1.39%------
Germany482K252K90K------
Germany Growth--47.72%-64.29%------
China211K--------
China Growth---------

Frequently Asked Questions

Growth & Financials

SharpLink Gaming Ltd. (SBET) reported $13.1M in revenue for fiscal year 2024. This represents a 9% increase from $12.0M in 2011.

SharpLink Gaming Ltd. (SBET) saw revenue decline by 26.1% over the past year.

SharpLink Gaming Ltd. (SBET) reported a net loss of $1.0M for fiscal year 2024.

Dividend & Returns

SharpLink Gaming Ltd. (SBET) has a return on equity (ROE) of 484.9%. This is excellent, indicating efficient use of shareholder capital.

SharpLink Gaming Ltd. (SBET) had negative free cash flow of $10.1M in fiscal year 2024, likely due to heavy capital investments.

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