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Side-by-side financial comparison of Orion Digital Corp. (ORIO) and SharpLink Gaming, Inc. (SBET). Click either name above to swap in a different company.

SharpLink Gaming, Inc. is the larger business by last-quarter revenue ($10.8M vs $12.4K, roughly 875.7× Orion Digital Corp.). SharpLink Gaming, Inc. runs the higher net margin — 961.6% vs -27.2%, a 988.8% gap on every dollar of revenue.

Orion Releasing, LLC is an American film production and distribution company owned by the Amazon MGM Studios subsidiary of Amazon. In its current incarnation, Orion focuses primarily on producing, distributing, and acquiring independent and specialty films made by underrepresented filmmakers.

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.

ORIO vs SBET — Head-to-Head

Bigger by revenue
SBET
SBET
875.7× larger
SBET
$10.8M
$12.4K
ORIO
Higher net margin
SBET
SBET
988.8% more per $
SBET
961.6%
-27.2%
ORIO

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ORIO
ORIO
SBET
SBET
Revenue
$12.4K
$10.8M
Net Profit
$-3.4K
$104.3M
Gross Margin
69.5%
Operating Margin
-3.4%
Net Margin
-27.2%
961.6%
Revenue YoY
1129.9%
Net Profit YoY
11880.2%
EPS (diluted)
$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.

Revenue
ORIO
ORIO
SBET
SBET
Q3 25
$12.4K
$10.8M
Q2 25
$12.4K
$697.3K
Q1 25
$12.7K
$741.7K
Q4 24
$823.1K
Q3 24
$881.7K
Q2 24
$25.9K
$981.3K
Q1 24
$11.6K
$975.9K
Net Profit
ORIO
ORIO
SBET
SBET
Q3 25
$-3.4K
$104.3M
Q2 25
$9.8K
$-103.4M
Q1 25
$-8.7K
$-974.9K
Q4 24
Q3 24
$-885.1K
Q2 24
$-463.0K
Q1 24
$12.4M
Gross Margin
ORIO
ORIO
SBET
SBET
Q3 25
69.5%
Q2 25
72.0%
30.0%
Q1 25
67.0%
17.8%
Q4 24
20.2%
Q3 24
19.6%
Q2 24
28.5%
Q1 24
29.4%
Operating Margin
ORIO
ORIO
SBET
SBET
Q3 25
-3.4%
Q2 25
-3.6%
-14826.0%
Q1 25
-8.0%
-124.8%
Q4 24
Q3 24
-90.4%
Q2 24
-122.8%
Q1 24
-172.6%
Net Margin
ORIO
ORIO
SBET
SBET
Q3 25
-27.2%
961.6%
Q2 25
79.5%
-14832.1%
Q1 25
-69.1%
-131.4%
Q4 24
Q3 24
-100.4%
Q2 24
-47.2%
Q1 24
1265.5%
EPS (diluted)
ORIO
ORIO
SBET
SBET
Q3 25
$0.62
Q2 25
$-4.27
Q1 25
$-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
ORIO
ORIO
SBET
SBET
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$3.1B
Total Assets
$3.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
ORIO
ORIO
SBET
SBET
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
Stockholders' Equity
ORIO
ORIO
SBET
SBET
Q3 25
$3.1B
Q2 25
$452.5M
Q1 25
$2.1M
Q4 24
$2.1M
Q3 24
$2.0M
Q2 24
$2.8M
Q1 24
$2.9M
Total Assets
ORIO
ORIO
SBET
SBET
Q3 25
$3.1B
Q2 25
$453.9M
Q1 25
$2.8M
Q4 24
$2.6M
Q3 24
$2.9M
Q2 24
$151.7K
$3.8M
Q1 24
$151.7K
$5.4M
Debt / Equity
ORIO
ORIO
SBET
SBET
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
ORIO
ORIO
SBET
SBET
Operating Cash FlowLast quarter
$-6.3M
Free Cash FlowOCF − Capex
$-6.3M
FCF MarginFCF / Revenue
-57.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORIO
ORIO
SBET
SBET
Q3 25
$-6.3M
Q2 25
$-1.6M
Q1 25
$-514.1K
Q4 24
$-22.8M
Q3 24
$-591.2K
Q2 24
$3.2K
$-1.7M
Q1 24
$-731
$-19.3M
Free Cash Flow
ORIO
ORIO
SBET
SBET
Q3 25
$-6.3M
Q2 25
Q1 25
Q4 24
$-22.8M
Q3 24
Q2 24
Q1 24
$-19.3M
FCF Margin
ORIO
ORIO
SBET
SBET
Q3 25
-57.9%
Q2 25
Q1 25
Q4 24
-2772.0%
Q3 24
Q2 24
Q1 24
-1977.2%
Capex Intensity
ORIO
ORIO
SBET
SBET
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.2%
Cash Conversion
ORIO
ORIO
SBET
SBET
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

ORIO
ORIO

Segment breakdown not available.

SBET
SBET

ETH Staking Segmet$10.3M95%
Other$569.8K5%

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