What is the 13F Pro Quality Score for SBET?

13F Pro ranks Sharplink, Inc. (SBET) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SBET's current score at https://13fpro.ai/research/SBET (free sign-up required for the full ranking).

Which hedge funds own the most SBET stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of SBET include FMR, MILLENNIUM MANAGEMENT, UBS Group AG. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/SBET as soon as new 13F filings post.

Where does 13F Pro source SBET data?

All Sharplink, Inc. fundamentals and ownership data come directly from SEC EDGAR. Sharplink, Inc. files with the SEC under CIK 1981535. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SBET in?

Sharplink, Inc. (SBET) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is SBET research updated on 13F Pro?

SBET's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Sharplink, Inc.(SBET)Stock Analysis

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13F Pro Quality Score

38.1/100

Rank #2,026 of 2,879 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

97.5/100

Profitability

30.0/100

Balance Sheet

8.0/100

Earnings Quality

30.0/100

Free Cash Flow

30.0/100

Institutional Flow

13.6/100

Revenue Scale

30.0/100

Dilution Risk

4.7/100

SBET Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Sharplink, Inc. (SBET), a Financials sector company. 13F Pro's AI-powered ranking engine scores SBET at 38.1/100 on a 32-signal composite quality model, placing it at rank #2,026 of 2,879 stocks — the bottom half of the AI-ranked universe. SBET scores in the top quartile across revenue growth (97.5). Areas of concern include balance sheet strength (8.0) and institutional flow (13.6), which score below median versus the broader universe. Shareholder dilution risk is elevated at 4.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Sharplink, Inc. reports quarterly revenue of $12.1M, net income of $-685.6M, free cash flow of $-10.6M. Top institutional holders of SBET by reported 13-F value include FMR, MILLENNIUM MANAGEMENT, UBS Group AG, based on the most recent SEC filings. SBET trades on the Nasdaq exchange and files with the SEC under CIK 1981535. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SBET daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Sharplink, Inc. directly from SEC EDGAR.

✦

Fun facts about Sharplink, Inc.

Quirks, history, and lore behind SBET — the kind of stuff that makes a stock memorable.

1
The Basics
A small-cap U.S. company in the financial technology space · listed on Nasdaq · focused on sports betting and gaming markets.
2
The Numbers
Revenue in the low tens of millions of dollars — this is a micro-cap operator still chasing profitability in a fast-moving, highly competitive sector.
3
The History
The company pivoted hard into sports betting following the Supreme Court's 2018 ruling that opened U.S. sports wagering state by state — classic right-place, right-time repositioning.
4
The Secret
Its core business is providing affiliate marketing and player acquisition technology to sportsbooks — it profits when bettors sign up, not necessarily when they win.
5
The Lore
The company made headlines by announcing a Bitcoin treasury strategy, positioning crypto holdings alongside its sports betting fintech operations — a bold two-trend bet at once.
6
The Giveaway
Its ticker is literally SBET — a Minneapolis-based sports betting affiliate platform whose name sounds like something you'd find in a stationery aisle but acts like a Wall Street long shot.

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Revenue

Q1 2026

$12.1M

Net Income

Q1 2026

$-685.6M

Free Cash Flow

Q1 2026

$-10.6M

ROIC

Q1 2026

-39.4%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+666.1% YoY

$28.1MFY 2025

FY21 —FY22 $3.5MFY24 $3.7MFY25 $28.1M

Net Income

-7373.4% YoY

$-734.6MFY 2025

FY21 —FY22 $-15.2MFY24 $10.1MFY25 $-734.6M

Operating Income

-15308.7% YoY

$-733.9MFY 2025

FY21 —FY22 $-14.3MFY24 $-4.8MFY25 $-733.9M

EPS (Diluted)

-421.8% YoY

$-7.37FY 2025

FY21 —FY22 $-6.13FY24 $2.29FY25 $-7.37

Total Assets

+94484.4% YoY

$2.43BFY 2025

FY21 —FY22 $65.0MFY24 $2.6MFY25 $2.43B

Total Debt

—FY 2025

FY21 —FY22 $2.1MFY24 $0.00FY25 —

Op. Cash Flow

+23.1% YoY

$-17.5MFY 2025

FY21 —FY22 $-5.9MFY24 $-22.8MFY25 $-17.5M

Metric	FY 2025	FY 2024	FY 2022	FY 2021
Revenue	$28.1M +666.1%	$3.7M +4.9%	$3.5M	—
Net Income	$-734.6M -7373.4%	$10.1M +166.3%	$-15.2M	—
Operating Income	$-733.9M -15308.7%	$-4.8M +66.7%	$-14.3M	—
EPS (Diluted)	$-7.37 -421.8%	$2.29 +137.4%	$-6.13	—
Total Assets	$2.43B +94484.4%	$2.6M -96.0%	$65.0M	—
Total Debt	—	$0.00 -100.0%	$2.1M	—
Operating Cash Flow	$-17.5M +23.1%	$-22.8M -284.3%	$-5.9M	—

AI Insight: SBET Financial Trends

Massive non-cash swings dominate SBET's P&L, masking a real business still generating only $12M in quarterly revenue while operating cash burn accelerates to -$11M.

• Revenue grew from $1M (Q2 2024–Q1 2025) to $16M in Q4 2025, then slipped to $12M in Q1 2026.

• Operating cash outflow worsened every quarter from -$1M in Q3 2024 to -$11M in Q1 2026.

• Equity surged from $2M in Q1 2025 to $3,068M in Q3 2025, then collapsed to $1,739M by Q1 2026 — driven by non-cash fair-value moves.

• Net income swung from +$104M in Q3 2025 to -$734M in Q4 2025 and -$686M in Q1 2026, reflecting extreme mark-to-market volatility.

⚠ Operating cash burn hit -$11M in Q1 2026 — six straight quarters of negative operating cash flow with no sign of reversal.

⚠ Equity fell $1,329M in two quarters from Q3 2025 peak; continued fair-value declines could rapidly erode the balance sheet.

⚠ Revenue dipped from $16M in Q4 2025 to $12M in Q1 2026 — early signal to watch whether core business momentum is fading.

AI Insight: SBET Ratio Trends

SBET remains deeply loss-making across all measured periods, with a brief Q3 2025 ROE/ROA/ROIC inflection quickly reversed by accelerating losses in Q4 2025 and Q1 2026.

• Operating margin swung between -90.4% and -130.7% across Q3 2024–Q1 2025, signaling persistently severe operational losses.

• ROE briefly turned positive at 13.6% in Q3 2025, the only profitable quarter in the dataset, before collapsing to -157.7% in Q1 2026.

• Debt-to-equity reads 0.00 in Q2–Q4 2024, suggesting negligible financial leverage, though data gaps limit conclusions.

⚠ ROE deteriorated from 13.6% in Q3 2025 to -157.7% in Q1 2026 — the Q3 2025 recovery appears to be a one-quarter anomaly.

⚠ Widespread data gaps in OpMargin and NPM from Q2 2025 onward obscure the true earnings trajectory.

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Available Research

13F Pro tracks comprehensive data for Sharplink, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SBET

FMR LLC
$119.7M18,561,855 sh
MILLENNIUM MANAGEMENT LLC
$41.2M6,381,673 sh
UBS Group AG
$31.2M4,832,118 sh
ParaFi Capital LP
$25.2M3,902,430 sh
Alyeska Investment Group, L.P.
$25.0M3,881,715 sh
Qube Research & Technologies Ltd
$23.6M3,660,032 sh
BlackRock, Inc.
$23.1M3,582,137 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$21.3M3,303,300 sh
Invesco Ltd.
$20.9M3,244,966 sh
CITADEL ADVISORS LLC
$20.9M3,241,034 sh

Fund	Value	Shares
FMR LLC	$119.7M	18,561,855
MILLENNIUM MANAGEMENT LLC	$41.2M	6,381,673
UBS Group AG	$31.2M	4,832,118
ParaFi Capital LP	$25.2M	3,902,430
Alyeska Investment Group, L.P.	$25.0M	3,881,715
Qube Research & Technologies Ltd	$23.6M	3,660,032
BlackRock, Inc.	$23.1M	3,582,137
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$21.3M	3,303,300
Invesco Ltd.	$20.9M	3,244,966
CITADEL ADVISORS LLC	$20.9M	3,241,034

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Is SBET a good stock to buy?

13F Pro's AI-powered analysis of Sharplink, Inc. (SBET) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SBET are available on the SBET stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own SBET?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SBET. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Sharplink, Inc.'s investment landscape.