Sharplink, Inc. (SBET) intrinsic value & 10-year financials
Sharplink, Inc. (SBET) has a Graham intrinsic value of $3.04 per share. At $7.57 on Oct 17, 2026, the stock trades 149% above that value. Over the last 5 fiscal years revenue grew 100.3% a year to $28.1M, with an average return on invested capital of 1.4%.
- Graham intrinsic value
- $3.04
- Share price (Oct 17, 2026)
- $7.57
- Price vs Graham value
- 149% above
- Market cap
- $754.9M
- Revenue (FY2025)
- $28.1M
- Revenue growth (5-yr CAGR)
- 100.3%
- ROIC (10-yr avg)
- 1.4%
- Free cash flow (FY2025)
- -$17.6M
SBET 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $28.1M | -$734.6M | -$7.37 | -$17.6M | -2616.0% | — |
| FY2024 | $3.7M | $10.1M | $0.09 | -$22.8M | -130.1% | 103.9% |
| FY2023 | $5.0M | -$14.2M | -$0.21 | $570.7K | -179.6% | 289.3% |
| FY2022 | $3.5M | -$15.2M | -$0.25 | -$6.0M | -409.3% | -389.0% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Sharplink, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Sharplink, Inc. has earned high returns on invested capital, averaging 34.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Sharplink, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sharplink, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.04 per share.