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Side-by-side financial comparison of enCore Energy Corp. (EU) and SharpLink Gaming, Inc. (SBET). Click either name above to swap in a different company.
enCore Energy Corp. is the larger business by last-quarter revenue ($12.4M vs $10.8M, roughly 1.1× SharpLink Gaming, Inc.). SharpLink Gaming, Inc. runs the higher net margin — 961.6% vs -173.9%, a 1135.5% gap on every dollar of revenue. enCore Energy Corp. produced more free cash flow last quarter ($7.2M vs $-6.3M).
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
Bonne Terre Limited is a British-based gambling company, owned by Flutter Entertainment, with headquarters in Leeds, West Yorkshire and offices in Solihull. Sky Betting & Gaming consists of five core brands: Sky Bet, Sky Vegas, Sky Casino, Sky Poker and Sky Bingo.
EU vs SBET — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4M | $10.8M |
| Net Profit | $-21.5M | $104.3M |
| Gross Margin | 37.9% | — |
| Operating Margin | -135.9% | — |
| Net Margin | -173.9% | 961.6% |
| Revenue YoY | — | 1129.9% |
| Net Profit YoY | — | 11880.2% |
| EPS (diluted) | $-0.11 | $0.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $12.4M | — | ||
| Q3 25 | $8.9M | $10.8M | ||
| Q2 25 | $3.7M | $697.3K | ||
| Q1 25 | $18.2M | $741.7K | ||
| Q4 24 | — | $823.1K | ||
| Q3 24 | — | $881.7K | ||
| Q2 24 | — | $981.3K | ||
| Q1 24 | — | $975.9K |
| Q4 25 | $-21.5M | — | ||
| Q3 25 | $-4.8M | $104.3M | ||
| Q2 25 | $-6.3M | $-103.4M | ||
| Q1 25 | $-24.2M | $-974.9K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-885.1K | ||
| Q2 24 | — | $-463.0K | ||
| Q1 24 | — | $12.4M |
| Q4 25 | 37.9% | — | ||
| Q3 25 | 43.8% | — | ||
| Q2 25 | 30.8% | 30.0% | ||
| Q1 25 | -0.1% | 17.8% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | — | 19.6% | ||
| Q2 24 | — | 28.5% | ||
| Q1 24 | — | 29.4% |
| Q4 25 | -135.9% | — | ||
| Q3 25 | -158.2% | — | ||
| Q2 25 | -526.1% | -14826.0% | ||
| Q1 25 | -85.7% | -124.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -90.4% | ||
| Q2 24 | — | -122.8% | ||
| Q1 24 | — | -172.6% |
| Q4 25 | -173.9% | — | ||
| Q3 25 | -53.7% | 961.6% | ||
| Q2 25 | -172.7% | -14832.1% | ||
| Q1 25 | -132.9% | -131.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -100.4% | ||
| Q2 24 | — | -47.2% | ||
| Q1 24 | — | 1265.5% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.03 | $0.62 | ||
| Q2 25 | $-0.03 | $-4.27 | ||
| Q1 25 | $-0.13 | $-1.84 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-3.02 | ||
| Q2 24 | — | $-1.35 | ||
| Q1 24 | — | $40.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $52.4M | — |
| Total DebtLower is stronger | $110.0M | — |
| Stockholders' EquityBook value | $229.2M | $3.1B |
| Total Assets | $430.4M | $3.1B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.4M | — | ||
| Q3 25 | $91.9M | — | ||
| Q2 25 | $26.9M | — | ||
| Q1 25 | $29.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $110.0M | — | ||
| Q3 25 | $109.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $229.2M | — | ||
| Q3 25 | $248.6M | $3.1B | ||
| Q2 25 | $264.7M | $452.5M | ||
| Q1 25 | $267.9M | $2.1M | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | — | $2.0M | ||
| Q2 24 | — | $2.8M | ||
| Q1 24 | — | $2.9M |
| Q4 25 | $430.4M | — | ||
| Q3 25 | $441.9M | $3.1B | ||
| Q2 25 | $359.4M | $453.9M | ||
| Q1 25 | $362.6M | $2.8M | ||
| Q4 24 | — | $2.6M | ||
| Q3 24 | — | $2.9M | ||
| Q2 24 | — | $3.8M | ||
| Q1 24 | — | $5.4M |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.9M | $-6.3M |
| Free Cash FlowOCF − Capex | $7.2M | $-6.3M |
| FCF MarginFCF / Revenue | 57.8% | -57.9% |
| Capex IntensityCapex / Revenue | 46.7% | 0.0% |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | — | ||
| Q3 25 | $-20.3M | $-6.3M | ||
| Q2 25 | $-9.9M | $-1.6M | ||
| Q1 25 | $-7.7M | $-514.1K | ||
| Q4 24 | — | $-22.8M | ||
| Q3 24 | — | $-591.2K | ||
| Q2 24 | — | $-1.7M | ||
| Q1 24 | — | $-19.3M |
| Q4 25 | $7.2M | — | ||
| Q3 25 | $-26.3M | $-6.3M | ||
| Q2 25 | $-14.1M | — | ||
| Q1 25 | $-11.7M | — | ||
| Q4 24 | — | $-22.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-19.3M |
| Q4 25 | 57.8% | — | ||
| Q3 25 | -296.6% | -57.9% | ||
| Q2 25 | -385.2% | — | ||
| Q1 25 | -64.1% | — | ||
| Q4 24 | — | -2772.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1977.2% |
| Q4 25 | 46.7% | — | ||
| Q3 25 | 68.0% | 0.0% | ||
| Q2 25 | 115.1% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.06× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EU
Segment breakdown not available.
SBET
| ETH Staking Segmet | $10.3M | 95% |
| Other | $569.8K | 5% |
