(SBET) Sharplink Gaming - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US8200144058
Stock: Affiliate Marketing, Ethereum Staking
Total Rating 14
Risk 30
Buy Signal -0.67
| Risk 5d forecast | |
|---|---|
| Volatility | 187% |
| Relative Tail Risk | -14.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.04 |
| Alpha | -8.26 |
| Character TTM | |
|---|---|
| Beta | 3.781 |
| Beta Downside | 1.475 |
| Drawdowns 3y | |
|---|---|
| Max DD | 96.56% |
| CAGR/Max DD | -0.56 |
Description: SBET Sharplink Gaming January 26, 2026
SharpLink Gaming, Inc. (NASDAQ: SBET) runs a dual-business model: an Affiliate Marketing arm that supplies performance-based user acquisition for regulated sportsbooks and online casino operators, and an Ethereum Staking arm that earns yield by locking ETH in the network’s proof-of-stake protocol. Founded in 2019 and based in Minneapolis, the company combines direct-to-player affiliate sites with a treasury strategy focused on Ether.
Key recent metrics that shape its outlook include: (1) the Ethereum network’s average staking return hovering around 4.5% APY as of Q4 2023, providing a relatively stable yield source; (2) the global iGaming market expanding at a CAGR of roughly 10% and projected to exceed $100 billion by 2025, driving demand for affiliate-driven traffic; and (3) affiliate-marketing cost-per-acquisition (CPA) rates in the U.S. sports-betting segment averaging $120–$150, indicating healthy monetization potential for performance-based contracts.
For a deeper, data-driven assessment of SBET’s valuation assumptions, you may find ValueRay’s analytical toolkit useful.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income: -1.03m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA 802.9 > 1.0 |
| NWC/Revenue: 270.3% < 20% (prev 51.76%; Δ 218.6% < -1%) |
| CFO/TA -0.00 > 3% & CFO -10.1m > Net Income -1.03m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 8.75 > 1.5 & < 3 |
| Outstanding Shares: last quarter (167.2m) vs 12m ago 57.0k% < -2% |
| Gross Margin: 83.32% > 18% (prev 0.28%; Δ 8304 % > 0.5%) |
| Asset Turnover: 0.85% > 50% (prev 132.6%; Δ -131.8% > 0%) |
| Interest Coverage Ratio: -0.45 > 6 (EBITDA TTM -284.4k / Interest Expense TTM 649.0k) |
Altman Z'' -15.00
| A: 0.01 (Total Current Assets 40.0m - Total Current Liabilities 4.57m) / Total Assets 3.07b |
| B: -0.03 (Retained Earnings -77.9m / Total Assets 3.07b) |
| C: -0.00 (EBIT TTM -293.1k / Avg Total Assets 1.54b) |
| D: -17.04 (Book Value of Equity -77.9m / Total Liabilities 4.57m) |
| Altman-Z'' Score: -17.90 = D |
Beneish M 1.00
| DSRI: 0.22 (Receivables 339.0k/457.1k, Revenue 13.1m/3.87m) |
| GMI: 0.34 (GM 83.32% / 28.21%) |
| AQI: 199.7 (AQ_t 0.99 / AQ_t-1 0.00) |
| SGI: 3.39 (Revenue 13.1m / 3.87m) |
| TATA: 0.00 (NI -1.03m - CFO -10.1m) / TA 3.07b) |
| Beneish M-Score: 115.3 (Cap -4..+1) = D |
What is the price of SBET shares?
As of February 08, 2026, the stock is trading at USD 7.03 with a total of 9,701,807 shares traded.
Over the past week, the price has changed by -20.83%, over one month by -32.01%, over three months by -37.06% and over the past year by +6.52%.
Over the past week, the price has changed by -20.83%, over one month by -32.01%, over three months by -37.06% and over the past year by +6.52%.
Is SBET a buy, sell or hold?
Sharplink Gaming has no consensus analysts rating.
What are the forecasts/targets for the SBET price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 24 | 241.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 4.3 | -39.1% |
SBET Fundamental Data Overview February 02, 2026
P/E Forward = 188.6792
P/S = 133.2696
P/B = 0.6006
Revenue TTM = 13.1m USD
EBIT TTM = -293.1k USD
EBITDA TTM = -284.4k USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = -11.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.71b USD (1.75b + (null Debt) - CCE 37.8m)
Interest Coverage Ratio = -0.45 (Ebit TTM -293.1k / Interest Expense TTM 649.0k)
EV/FCF = -170.0x (Enterprise Value 1.71b / FCF TTM -10.1m)
FCF Yield = -0.59% (FCF TTM -10.1m / Enterprise Value 1.71b)
FCF Margin = -76.68% (FCF TTM -10.1m / Revenue TTM 13.1m)
Net Margin = -7.86% (Net Income TTM -1.03m / Revenue TTM 13.1m)
Gross Margin = 83.32% ((Revenue TTM 13.1m - Cost of Revenue TTM 2.19m) / Revenue TTM)
Gross Margin QoQ = none% (prev 29.99%)
Tobins Q-Ratio = 0.56 (Enterprise Value 1.71b / Total Assets 3.07b)
Interest Expense / Debt = unknown (Interest Expense 649.0k / Debt none)
Taxrate = 0.75% (792.3k / 105.0m)
NOPAT = -290.9k (EBIT -293.1k * (1 - 0.75%)) [loss with tax shield]
Current Ratio = 8.75 (Total Current Assets 40.0m / Total Current Liabilities 4.57m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = 39.13 (negative EBITDA) (Net Debt -11.1m / EBITDA -284.4k)
Debt / FCF = 1.11 (negative FCF - burning cash) (Net Debt -11.1m / FCF TTM -10.1m)
Total Stockholder Equity = 881.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.07% (Net Income -1.03m / Total Assets 3.07b)
RoE = -0.12% (Net Income TTM -1.03m / Total Stockholder Equity 881.3m)
RoCE = -0.01% (EBIT -293.1k / Capital Employed (Total Assets 3.07b - Current Liab 4.57m))
RoIC = -0.03% (negative operating profit) (NOPAT -290.9k / Invested Capital 881.3m)
WACC = 19.85% (E(1.75b)/V(1.75b) * Re(19.85%) + (debt-free company))
Discount Rate = 19.85% (= CAPM, Blume Beta Adj.) -> capped to 17.85%
Shares Correlation 3-Years: 100.0 | Cagr: 2560 %
Fair Price DCF = unknown (Cash Flow -10.1m)
EPS Correlation: -10.51 | EPS CAGR: 5.95% | SUE: -0.39 | # QB: 0
Revenue Correlation: -22.34 | Revenue CAGR: 64.57% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.46 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=1.65 | Chg30d=+0.765 | Revisions Net=+0 | Growth EPS=-62.2% | Growth Revenue=+414.6%
P/S = 133.2696
P/B = 0.6006
Revenue TTM = 13.1m USD
EBIT TTM = -293.1k USD
EBITDA TTM = -284.4k USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = -11.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.71b USD (1.75b + (null Debt) - CCE 37.8m)
Interest Coverage Ratio = -0.45 (Ebit TTM -293.1k / Interest Expense TTM 649.0k)
EV/FCF = -170.0x (Enterprise Value 1.71b / FCF TTM -10.1m)
FCF Yield = -0.59% (FCF TTM -10.1m / Enterprise Value 1.71b)
FCF Margin = -76.68% (FCF TTM -10.1m / Revenue TTM 13.1m)
Net Margin = -7.86% (Net Income TTM -1.03m / Revenue TTM 13.1m)
Gross Margin = 83.32% ((Revenue TTM 13.1m - Cost of Revenue TTM 2.19m) / Revenue TTM)
Gross Margin QoQ = none% (prev 29.99%)
Tobins Q-Ratio = 0.56 (Enterprise Value 1.71b / Total Assets 3.07b)
Interest Expense / Debt = unknown (Interest Expense 649.0k / Debt none)
Taxrate = 0.75% (792.3k / 105.0m)
NOPAT = -290.9k (EBIT -293.1k * (1 - 0.75%)) [loss with tax shield]
Current Ratio = 8.75 (Total Current Assets 40.0m / Total Current Liabilities 4.57m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = 39.13 (negative EBITDA) (Net Debt -11.1m / EBITDA -284.4k)
Debt / FCF = 1.11 (negative FCF - burning cash) (Net Debt -11.1m / FCF TTM -10.1m)
Total Stockholder Equity = 881.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.07% (Net Income -1.03m / Total Assets 3.07b)
RoE = -0.12% (Net Income TTM -1.03m / Total Stockholder Equity 881.3m)
RoCE = -0.01% (EBIT -293.1k / Capital Employed (Total Assets 3.07b - Current Liab 4.57m))
RoIC = -0.03% (negative operating profit) (NOPAT -290.9k / Invested Capital 881.3m)
WACC = 19.85% (E(1.75b)/V(1.75b) * Re(19.85%) + (debt-free company))
Discount Rate = 19.85% (= CAPM, Blume Beta Adj.) -> capped to 17.85%
Shares Correlation 3-Years: 100.0 | Cagr: 2560 %
Fair Price DCF = unknown (Cash Flow -10.1m)
EPS Correlation: -10.51 | EPS CAGR: 5.95% | SUE: -0.39 | # QB: 0
Revenue Correlation: -22.34 | Revenue CAGR: 64.57% | SUE: N/A | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.46 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=1.65 | Chg30d=+0.765 | Revisions Net=+0 | Growth EPS=-62.2% | Growth Revenue=+414.6%