Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
SHARPLINK INC (SBET)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-11-04
$6.42-10.21%
Close 2026-11-05 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.10 → 0.10 EPS · FY ending Dec 31, 2027 · 2 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 3 to 2; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for SBET yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Manage cash flow from operations | A primary condition in SHARPLINK INC's published investment case. The stated target is reduce cash burn to less than -$5 million. | Improving | operating cash flow remains below -$5 million next year | Cash from operations: $-7.15M FY2026-Q2; GAAP. Published target: reduce cash burn to less than -$5 million. Target period is not explicitly aligned with this observation. Aug 7, 2026-7,150,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Nov 9, 2026
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a speculative, loss-making business with elevated risk, not a steady compounder. The long-term thesis is in a watch state: management is progressing on ETH growth and capital deployment, but recent performance remains weak relative to its industry cohort.
The valuation model shows SBET trading at a premium to peers, while its expectations gap is strongly negative, meaning expectations appear demanding relative to the model’s view. Model confidence is low, and the priced-in assessment is labeled justified with low fragility, so the evidence does not point to a clear mismatch between expectations and the current setup.
Near term, results face risk: SBET has missed across recent quarters, with an estimated 50% miss probability for the next print, although an August 2026 earnings event was in line. Over the multi-year view, management has increased ETH holdings, repurchased shares, and advanced active treasury efforts, but these actions have not yet resolved the weak financial performance or volatile management record.
The thesis depends on whether management can sustain ETH growth and improve financial execution without cutting guidance on the next call. Sector conditions also matter near term: the evidence points to support if major Financials firms keep reporting strong results, and pressure if the Fed begins cutting rates.
Over the next 1 to 3 years, SBET’s thesis rests on turning treasury activity into stronger, more consistent fundamentals. The main tension is visible progress on stated priorities against weak results, demanding expectations, and elevated risk. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Improve net income and operating income |
| A primary condition in SHARPLINK INC's published investment case. The stated target is net income improves above -$100 million. |
| Broken |
| net income stays below -$100 million next year |
Net income: $-394.274M FY2026-Q2; GAAP. Published target: net income improves above -$100 million. Target period is not explicitly aligned with this observation. Aug 7, 2026-394,274,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Increase total revenue materially | A primary condition in SHARPLINK INC's published investment case. The stated target is >= $12.1 million revenue. | Improving | revenue falls below $10 million in 2026-Q1 | Revenue: $11.528M FY2026-Q2; GAAP. Published target: >= $12.1 million revenue. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Aug 7, 202611,528,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$2.25 → $0.10 · observed estimates
$0.09B → $0.07B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-07-25 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-07-26 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-07-27 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-07-28 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-07-29 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-07-30 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-07-31 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-01 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-02 | $0.08 | $68,785,750 | 3 / 4 |
| 2026-08-03 | $0.08 | $68,785,750 | 3 / 4 |
| 2026-08-04 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-05 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-06 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-08 | $0.08 | $68,785,750 | 3 / 4 |
| 2026-08-09 | $0.08 | $68,785,750 | 3 / 4 |
| 2026-08-10 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-12 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-13 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-14 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-15 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-16 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-17 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-18 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-19 | $2.25 | $87,740,000 | 2 / 3 |
| 2026-08-20 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-21 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-22 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-23 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-24 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-25 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-26 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-27 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-28 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-29 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-30 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-08-31 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-09-01 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-09-02 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-09-03 | $0.06 | $76,735,000 | 2 / 3 |
| 2026-09-04 | $0.06 | $79,435,000 | 2 / 3 |
| 2026-09-05 | $0.08 | $79,435,000 | 2 / 3 |
| 2026-09-06 | $0.08 | $79,435,000 | 2 / 3 |
| 2026-09-07 | $0.08 | $79,435,000 | 2 / 3 |
| 2026-09-08 | $0.08 | $79,435,000 | 2 / 3 |
| 2026-09-09 | $0.08 | $79,435,000 | 2 / 3 |
| 2026-09-10 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-11 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-12 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-13 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-14 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-15 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-16 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-17 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-18 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-19 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-20 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-21 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-22 | $0.15 | $88,455,000 | 2 / 3 |
| 2026-09-23 | $0.15 | $89,475,000 | 2 / 3 |
| 2026-09-24 | $0.15 | $89,475,000 | 2 / 3 |
| 2026-09-25 | $0.15 | $89,475,000 | 2 / 3 |
| 2026-09-26 | $0.15 | $89,475,000 | 2 / 3 |
| 2026-09-27 | $0.10 | $79,679,167 | 2 / 3 |
| 2026-09-28 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-09-29 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-09-30 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-01 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-02 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-03 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-04 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-05 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-06 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-07 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-08 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-09 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-10 | $0.10 | $79,679,167 | 3 / 4 |
| 2026-10-11 | $0.10 | $74,304,833 | 3 / 4 |
| 2026-10-12 | $0.10 | $74,304,833 | 3 / 4 |
| 2026-10-13 | $0.10 | $74,304,833 | 3 / 4 |
| 2026-10-14 | $0.10 | $74,304,833 | 3 / 4 |
| 2026-10-15 | $0.10 | $74,304,833 | 3 / 4 |
| 2026-10-16 | $0.10 | $74,304,833 | 3 / 4 |
| 2026-10-17 | $0.10 | $74,304,833 | 3 / 4 |
| 2026-10-18 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-19 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-20 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-21 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-22 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-23 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-24 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-25 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-26 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-27 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-28 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-29 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-30 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-10-31 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-11-01 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-11-02 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-11-03 | $0.10 | $74,304,833 | 2 / 4 |
| 2026-11-04 | $0.10 | $74,304,833 | 2 / 4 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 8 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.