SHARPLINK INC (SBET)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
$8.68-3.34%
Close 2026-09-04 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
Broken: Primary pillar broken — Improve net income and operating income: EPS -1.88 vs target >-$100M net income.
Sharplink grew revenue from $0.7M to $12.1M in one year. The CEO is seen as a strong leader. The company is buying back shares to boost value.
Sharplink lost $685.6M in net income in 2026-Q1. Cash flow from operations worsened to -$10.6M. Revenue is volatile and profitability is weak.
The price is about 51% below our fair value near $11. Analysts expect 43% revenue growth. Our view is cautious due to weak profits and cash flow.
Breaks if: operating cash flow remains below -$5 million next year
Breaks if: net income stays below -$100 million next year
Breaks if: revenue falls below $10 million in 2026-Q1
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a speculative growth bet with high risk. The company is currently loss-making, and its management has shown volatility in execution, which adds uncertainty to the thesis.
The market appears to have a low expectations gap, indicating that it has already priced in significant challenges. SBET is trading at a premium compared to its peers, reflecting some optimism despite its recent struggles.
Fundamentals are likely to remain weak in the near term, as the company has a high probability of missing earnings expectations. Management's focus on increasing ETH holdings and executing a stock repurchase program could provide some support, but overall performance has been below industry standards.
The thesis hinges on the performance of sector bellwethers like MS, GS, and SCHW. If these companies continue to perform well, it could provide a tailwind for SBET. Conversely, any negative guidance from these firms could lead to further challenges for SBET.
In the next 1 to 3 years, SBET's outlook remains uncertain, with high risks and weak fundamentals. Not investment advice.
The most important moves since the prior daily snapshot.
risk label changed from 'elevated' to 'high'.
Yes, our read has weakened. The latest earnings miss is a key driver. This miss shows ongoing financial struggles for the company. The overall market has also shifted to a risk-off stance.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.