SharpLink Gaming, Inc. (SBET) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does SharpLink Gaming, Inc. Do?
SharpLink Gaming, Inc. operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network. It operates a performance marketing platform, which owns and operates state-specific web domains to attract, acquire, and drive local sports betting and casino traffic directly to the company's sportsbook and casino partners, which are licensed to operate in each respective state; and offers sports betting data to sports media publishers. It also provides iGaming and affiliate marketing network, which focuses on delivering quality traffic and player acquisitions, and retention and conversions to global iGaming operator partners worldwide; and development, hosting, operations, maintenance, and service of free-to-play games and contests. In addition, the company owns and operates various real-money fantasy sports and sports simulation games and mobile apps on its platform; and is licensed or authorized to operate in every state in the United States, where fantasy sports play is legal and in which SportsHub has elected to operate based on the financial viability. SharpLink Gaming, Inc. was founded in 2019 and is headquartered in Minneapolis, Minnesota. SharpLink Gaming, Inc. (SBET) is classified as a small-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Robert Phythian and employs approximately 62 people, headquartered in MINNEAPOLIS, Minnesota. With a market capitalization of $1.3B, SBET is one of the notable companies in the Technology sector.
SharpLink Gaming, Inc. (SBET) Stock Rating — Reduce (April 2026)
As of April 2026, SharpLink Gaming, Inc. receives a Reduce rating with a composite score of 26.0/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SBET ranks #3,888 out of 4,446 stocks in our coverage universe. Within the Technology sector, SharpLink Gaming, Inc. ranks #475 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
SBET Stock Price and 52-Week Range
SharpLink Gaming, Inc. (SBET) currently trades at $6.57. The stock gained $0.15 (2.4%) in the most recent trading session. The 52-week high for SBET is $124.12, which means the stock is currently trading -94.7% from its annual peak. The 52-week low is $0.19, putting the stock 3396.2% above its annual trough. Recent trading volume was 8.2M shares, reflecting moderate market activity.
Is SBET Overvalued or Undervalued? — Valuation Analysis
SharpLink Gaming, Inc. (SBET) carries a value factor score of 13/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 6.89x, compared to the Technology sector average of 45.27x — a discount of 85%. The price-to-book ratio stands at 0.51x, versus the sector average of 3.16x. The price-to-sales ratio is 93.46x, compared to 1.06x for the average Technology stock. On an enterprise value basis, SBET trades at 3.56x EV/EBITDA, versus 12.79x for the sector.
At current multiples, SharpLink Gaming, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
SharpLink Gaming, Inc. Profitability — ROE, Margins, and Quality Score
SharpLink Gaming, Inc. (SBET) earns a quality factor score of 16/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -0.0%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -0.0% versus the sector average of -1.0%.
On a margin basis, SharpLink Gaming, Inc. reports gross margins of 22.4%, compared to 50.9% for the sector. The operating margin is -3518.4% (sector: -0.5%). Net profit margin stands at -3525.6%, versus -1.5% for the average Technology stock. Revenue growth is running at 1005.0% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
SBET Debt, Balance Sheet, and Financial Health
SharpLink Gaming, Inc. has a debt-to-equity ratio of 1.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.44x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $11M.
SBET has a beta of 2.04, meaning it is more volatile than the broader market — a $10,000 investment in SBET would be expected to move 104.2% more than the S&P 500 on any given day. The stability factor score for SharpLink Gaming, Inc. is 9/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
SharpLink Gaming, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, SharpLink Gaming, Inc. reported revenue of $13M and earnings per share (EPS) of $-7.37. Net income for the quarter was $-1M. Gross margin was 22.4%. Operating income came in at $-182,490.
In FY 2025, SharpLink Gaming, Inc. reported revenue of $28M and earnings per share (EPS) of $-7.37. Net income for the quarter was $-735M. Revenue grew 666.0% year-over-year compared to FY 2024. Operating income came in at $-734M.
In Q3 2025, SharpLink Gaming, Inc. reported revenue of $11M. Net income for the quarter was $104M. Revenue grew 1129.9% year-over-year compared to Q3 2024. Operating income came in at $105M.
In Q2 2025, SharpLink Gaming, Inc. reported revenue of $697,291 and earnings per share (EPS) of $-4.27. Net income for the quarter was $-103M. Gross margin was 30.0%. Revenue grew -28.9% year-over-year compared to Q2 2024. Operating income came in at $-103M.
Over the past 8 quarters, SharpLink Gaming, Inc. has demonstrated a growth trajectory, with revenue expanding from $981,272 to $13M. Investors analyzing SBET stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
SBET Dividend Yield and Income Analysis
SharpLink Gaming, Inc. (SBET) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
SBET Momentum and Technical Analysis Profile
SharpLink Gaming, Inc. (SBET) has a momentum factor score of 49/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 20/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 40/100 reflects moderate short selling activity.
SBET vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, SharpLink Gaming, Inc. (SBET) ranks #475 out of 584 stocks based on the Blank Capital composite score. This places SBET in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing SBET against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SBET vs S&P 500 (SPY) comparison to assess how SharpLink Gaming, Inc. stacks up against the broader market across all factor dimensions.
SBET Next Earnings Date
No upcoming earnings date has been announced for SharpLink Gaming, Inc. (SBET) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy SBET? — Investment Thesis Summary
The quantitative profile for SharpLink Gaming, Inc. suggests caution. The quality score of 16/100 flags below-average profitability. The value score of 13/100 indicates premium valuation. High volatility (stability score 9/100) increases portfolio risk.
In summary, SharpLink Gaming, Inc. (SBET) earns a Reduce rating with a composite score of 26.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SBET stock.
Related Resources for SBET Investors
Explore more research and tools: SBET vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SBET head-to-head with peers: SBET vs IHS, SBET vs VRSN, SBET vs ESE.