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Side-by-side financial comparison of FREQUENCY ELECTRONICS INC (FEIM) and SharpLink Gaming, Inc. (SBET). Click either name above to swap in a different company.
FREQUENCY ELECTRONICS INC is the larger business by last-quarter revenue ($17.1M vs $10.8M, roughly 1.6× SharpLink Gaming, Inc.). SharpLink Gaming, Inc. runs the higher net margin — 961.6% vs 10.5%, a 951.1% gap on every dollar of revenue. On growth, SharpLink Gaming, Inc. posted the faster year-over-year revenue change (1129.9% vs 8.3%). FREQUENCY ELECTRONICS INC produced more free cash flow last quarter ($-1.1M vs $-6.3M).
Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.
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.
FEIM vs SBET — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.1M | $10.8M |
| Net Profit | $1.8M | $104.3M |
| Gross Margin | 38.2% | — |
| Operating Margin | 10.0% | — |
| Net Margin | 10.5% | 961.6% |
| Revenue YoY | 8.3% | 1129.9% |
| Net Profit YoY | -32.1% | 11880.2% |
| EPS (diluted) | $0.18 | $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 | $17.1M | — | ||
| Q3 25 | $13.8M | $10.8M | ||
| Q2 25 | $20.0M | $697.3K | ||
| Q1 25 | $18.9M | $741.7K | ||
| Q4 24 | $15.8M | $823.1K | ||
| Q3 24 | $15.1M | $881.7K | ||
| Q2 24 | $15.6M | $981.3K | ||
| Q1 24 | $13.7M | $975.9K |
| Q4 25 | $1.8M | — | ||
| Q3 25 | $634.0K | $104.3M | ||
| Q2 25 | $3.2M | $-103.4M | ||
| Q1 25 | $15.4M | $-974.9K | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $2.4M | $-885.1K | ||
| Q2 24 | $2.6M | $-463.0K | ||
| Q1 24 | $130.0K | $12.4M |
| Q4 25 | 38.2% | — | ||
| Q3 25 | 36.8% | — | ||
| Q2 25 | 37.5% | 30.0% | ||
| Q1 25 | 43.8% | 17.8% | ||
| Q4 24 | 48.2% | 20.2% | ||
| Q3 24 | 44.4% | 19.6% | ||
| Q2 24 | 40.3% | 28.5% | ||
| Q1 24 | 22.6% | 29.4% |
| Q4 25 | 10.0% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 16.4% | -14826.0% | ||
| Q1 25 | 18.3% | -124.8% | ||
| Q4 24 | 16.5% | — | ||
| Q3 24 | 15.7% | -90.4% | ||
| Q2 24 | 16.0% | -122.8% | ||
| Q1 24 | -3.4% | -172.6% |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 4.6% | 961.6% | ||
| Q2 25 | 16.0% | -14832.1% | ||
| Q1 25 | 81.4% | -131.4% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 16.1% | -100.4% | ||
| Q2 24 | 16.9% | -47.2% | ||
| Q1 24 | 0.9% | 1265.5% |
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.07 | $0.62 | ||
| Q2 25 | $0.33 | $-4.27 | ||
| Q1 25 | $1.60 | $-1.84 | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $0.25 | $-3.02 | ||
| Q2 24 | $0.28 | $-1.35 | ||
| Q1 24 | $0.01 | $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 | $3.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $58.5M | $3.1B |
| Total Assets | $92.3M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | — | ||
| Q3 25 | $4.5M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $5.5M | — | ||
| Q4 24 | $9.7M | — | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $18.3M | — | ||
| Q1 24 | $11.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $58.5M | — | ||
| Q3 25 | $56.3M | $3.1B | ||
| Q2 25 | $55.6M | $452.5M | ||
| Q1 25 | $51.8M | $2.1M | ||
| Q4 24 | $36.2M | $2.1M | ||
| Q3 24 | $33.2M | $2.0M | ||
| Q2 24 | $39.8M | $2.8M | ||
| Q1 24 | $36.7M | $2.9M |
| Q4 25 | $92.3M | — | ||
| Q3 25 | $93.2M | $3.1B | ||
| Q2 25 | $93.7M | $453.9M | ||
| Q1 25 | $86.4M | $2.8M | ||
| Q4 24 | $77.8M | $2.6M | ||
| Q3 24 | $84.3M | $2.9M | ||
| Q2 24 | $83.3M | $3.8M | ||
| Q1 24 | $77.7M | $5.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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 | $-523.0K | $-6.3M |
| Free Cash FlowOCF − Capex | $-1.1M | $-6.3M |
| FCF MarginFCF / Revenue | -6.6% | -57.9% |
| Capex IntensityCapex / Revenue | 3.6% | 0.0% |
| Cash ConversionOCF / Net Profit | -0.29× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $-5.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-523.0K | — | ||
| Q3 25 | $1.2M | $-6.3M | ||
| Q2 25 | $-155.0K | $-1.6M | ||
| Q1 25 | $-3.6M | $-514.1K | ||
| Q4 24 | $3.8M | $-22.8M | ||
| Q3 24 | $-1.5M | $-591.2K | ||
| Q2 24 | $7.5M | $-1.7M | ||
| Q1 24 | $4.2M | $-19.3M |
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $385.0K | $-6.3M | ||
| Q2 25 | $-786.0K | — | ||
| Q1 25 | $-4.0M | — | ||
| Q4 24 | $3.3M | $-22.8M | ||
| Q3 24 | $-1.8M | — | ||
| Q2 24 | $6.7M | — | ||
| Q1 24 | $3.9M | $-19.3M |
| Q4 25 | -6.6% | — | ||
| Q3 25 | 2.8% | -57.9% | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | -20.9% | — | ||
| Q4 24 | 20.8% | -2772.0% | ||
| Q3 24 | -11.8% | — | ||
| Q2 24 | 42.8% | — | ||
| Q1 24 | 28.4% | -1977.2% |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 5.6% | 0.0% | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 3.3% | 0.2% | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 5.3% | 0.0% | ||
| Q1 24 | 2.3% | 0.2% |
| Q4 25 | -0.29× | — | ||
| Q3 25 | 1.83× | -0.06× | ||
| Q2 25 | -0.05× | — | ||
| Q1 25 | -0.24× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | -0.60× | — | ||
| Q2 24 | 2.85× | — | ||
| Q1 24 | 32.36× | -1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
SBET
| ETH Staking Segmet | $10.3M | 95% |
| Other | $569.8K | 5% |
