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Sharplink Valuation Multiples
Discover revenue and EBITDA valuation multiples for Sharplink and similar public comparables like Matsui Securities, Indokripto Koin Semesta, Tiger Brokers, OSL Group and more.
Sharplink Overview
About Sharplink
SharpLink Inc is one of those publicly traded companies to adopt ETH as its primary treasury reserve asset - a move that aligns the company with the future of digital capital and gives investors direct exposure to Ethereum, a smart-contract platform and a digital asset. The company is also a trusted marketing partner to sportsbooks and online casino gaming operators world-wide. Through its iGaming affiliate marketing network, SharpLink owns and operates a portfolio of direct-to-player, state-specific, affiliate marketing websites designed to attract, acquire and drive local sports betting and online casino gaming traffic to its valued partners which are licensed to operate in each respective state.
Founded
1995
HQ
Employees
51
Website
Financials (LTM)
EV
$2B
Sharplink Financials
Sharplink reported last 12-month revenue of $39M and EBITDA of $2M.
In the same LTM period, Sharplink generated $37M in gross profit, $2M in EBITDA, and had net loss of ($470M).
Sharplink P&L
In the most recent fiscal year, Sharplink reported revenue of $28M and EBITDA of ($527K).
Sharplink expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $39M | XXX | $28M | XXX | XXX | XXX |
| Gross Profit | $37M | XXX | $26M | XXX | XXX | XXX |
| Gross Margin | 95% | XXX | 93% | XXX | XXX | XXX |
| EBITDA | $2M | XXX | ($527K) | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | (2%) | XXX | XXX | XXX |
| EBIT Margin | (1190%) | XXX | (117%) | XXX | XXX | XXX |
| Net Profit | ($470M) | XXX | ($735M) | XXX | XXX | XXX |
| Net Margin | (1200%) | XXX | (2614%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Sharplink Stock Performance
Sharplink has current market cap of $2B, and enterprise value of $2B.
Sharplink's stock price is $7.93.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.0% | XXX | XXX | XXX | $-3.73 |
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Start Free TrialSharplink Valuation Multiples
Sharplink trades at 40.0x EV/Revenue multiple, and 638.0x EV/EBITDA.
Sharplink Financial Valuation Multiples
As of March 29, 2026, Sharplink has market cap of $2B and EV of $2B.
Equity research analysts estimate Sharplink's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Sharplink has a P/E ratio of (3.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 40.0x | XXX | 55.9x | XXX | XXX | XXX |
| EV/EBITDA | 638.0x | XXX | (2980.7x) | XXX | XXX | XXX |
| EV/EBIT | (3.4x) | XXX | (47.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 42.4x | XXX | 60.0x | XXX | XXX | XXX |
| P/E | (3.3x) | XXX | (2.1x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (89.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Sharplink Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Sharplink Margins & Growth Rates
Sharplink's revenue in the last 12 month grew by 121%.
Sharplink's revenue per employee in the last FY averaged $0.8M.
Sharplink's rule of 40 is 128% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Sharplink's rule of X is 309% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Sharplink Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 121% | XXX | 164% | XXX | XXX | XXX |
| EBITDA Margin | 6% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Growth | 382% | XXX | (2353%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 128% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 309% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 210% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 210% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Sharplink Public Comps
See public comps and valuation multiples for other Crypto & Web3 Platforms and Wealth Technology comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Matsui Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Indokripto Koin Semesta | XXX | XXX | XXX | XXX | XXX | XXX |
| Tiger Brokers | XXX | XXX | XXX | XXX | XXX | XXX |
| OSL Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Flow Traders | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Sharplink M&A Activity
Sharplink acquired XXX companies to date.
Last acquisition by Sharplink was on XXXXXXXX, XXXXX. Sharplink acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Sharplink
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSharplink Investment Activity
Sharplink invested in XXX companies to date.
Sharplink made its latest investment on XXXXXXXX, XXXXX. Sharplink invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Sharplink
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Sharplink
| When was Sharplink founded? | Sharplink was founded in 1995. |
| Where is Sharplink headquartered? | Sharplink is headquartered in United States. |
| How many employees does Sharplink have? | As of today, Sharplink has over 51 employees. |
| Is Sharplink publicly listed? | Yes, Sharplink is a public company listed on Nasdaq. |
| What is the stock symbol of Sharplink? | Sharplink trades under SBET ticker. |
| When did Sharplink go public? | Sharplink went public in 2021. |
| Who are competitors of Sharplink? | Sharplink main competitors are Matsui Securities, Indokripto Koin Semesta, Tiger Brokers, OSL Group. |
| What is the current market cap of Sharplink? | Sharplink's current market cap is $2B. |
| What is the current revenue of Sharplink? | Sharplink's last 12 months revenue is $39M. |
| What is the current revenue growth of Sharplink? | Sharplink revenue growth (NTM/LTM) is 121%. |
| What is the current EV/Revenue multiple of Sharplink? | Current revenue multiple of Sharplink is 40.0x. |
| Is Sharplink profitable? | Yes, Sharplink is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Sharplink? | Sharplink's last 12 months EBITDA is $2M. |
| What is Sharplink's EBITDA margin? | Sharplink's last 12 months EBITDA margin is 6%. |
| What is the current EV/EBITDA multiple of Sharplink? | Current EBITDA multiple of Sharplink is 638.0x. |
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