A company still losing money. Institutions are adding.
Going well
No debt reported
Watch out for
Losing money, losses are large next to sales
Money moves
Insiders sold $47.6M in the last 30 days
Institutions added 18% to their holdings in the quarter ending June 2026 (107 bought, 82 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$7.17-5.9% that day
Company value
$1.6B
Share price times all shares
Price vs sales
31.0x
No profit over the last year, so this compares value with sales instead
Cash vs value
4%
Cash as a share of company value
From SBET's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$11.5M
Sep '23Tap a barJun '26
Last 12 months: $50.2M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of SBET. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$64M
Profit in 5 years$6M
Price these guesses point to$0.44-94% vs $7.17 todayAbout -43% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 83% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/4Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-60.7%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$17.6M
Revenue
$28.1M
Total debt
None
0.00x equity
Free cash flow
-$17.6M
-62.6% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
Revenue
$11.5M
+1553.9% YoY
EPS
-$1.88
vs -$4.27
Op. margin
-3413.0%
+11426.7 pts
Free cash flow
-$7.2M
Share count
+766.8%
vs a year ago
Insider rating
Last 90 days
18Heavy selling
1 insider sold $47.6M (not pre-planned)
An insider sold their entire stake
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
46/ 100
This week
1
Normal week
1.1
vs normal
0.9x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+17.8%
Institutions added 17.8% to their holdings. 107 bought, 82 sold.
Shares held by institutions108.4M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
38 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
217M
Why elevated risk
Losing money, losses are large next to sales
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 5
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 11
Results filedMar 9
Results filedNov 12, 2025
Results filedAug 15, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days