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Side-by-side financial comparison of SharpLink Gaming, Inc. (SBET) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $10.8M, roughly 1.6× SharpLink Gaming, Inc.). SharpLink Gaming, Inc. runs the higher net margin — 961.6% vs 67.3%, a 894.3% gap on every dollar of revenue. On growth, SharpLink Gaming, Inc. posted the faster year-over-year revenue change (1129.9% vs 217.7%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

SBET vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.6× larger
SLGL
$17.3M
$10.8M
SBET
Growing faster (revenue YoY)
SBET
SBET
+912.2% gap
SBET
1129.9%
217.7%
SLGL
Higher net margin
SBET
SBET
894.3% more per $
SBET
961.6%
67.3%
SLGL

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
SBET
SBET
SLGL
SLGL
Revenue
$10.8M
$17.3M
Net Profit
$104.3M
$11.6M
Gross Margin
Operating Margin
65.1%
Net Margin
961.6%
67.3%
Revenue YoY
1129.9%
217.7%
Net Profit YoY
11880.2%
487.6%
EPS (diluted)
$0.62
$4.17

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
SBET
SBET
SLGL
SLGL
Q3 25
$10.8M
Q2 25
$697.3K
$17.3M
Q1 25
$741.7K
Q4 24
$823.1K
Q3 24
$881.7K
Q2 24
$981.3K
$5.4M
Q1 24
$975.9K
Q2 23
$594.0K
Net Profit
SBET
SBET
SLGL
SLGL
Q3 25
$104.3M
Q2 25
$-103.4M
$11.6M
Q1 25
$-974.9K
Q4 24
Q3 24
$-885.1K
Q2 24
$-463.0K
$2.0M
Q1 24
$12.4M
Q2 23
$-6.0M
Gross Margin
SBET
SBET
SLGL
SLGL
Q3 25
Q2 25
30.0%
Q1 25
17.8%
Q4 24
20.2%
Q3 24
19.6%
Q2 24
28.5%
Q1 24
29.4%
Q2 23
Operating Margin
SBET
SBET
SLGL
SLGL
Q3 25
Q2 25
-14826.0%
65.1%
Q1 25
-124.8%
Q4 24
Q3 24
-90.4%
Q2 24
-122.8%
29.9%
Q1 24
-172.6%
Q2 23
-1098.8%
Net Margin
SBET
SBET
SLGL
SLGL
Q3 25
961.6%
Q2 25
-14832.1%
67.3%
Q1 25
-131.4%
Q4 24
Q3 24
-100.4%
Q2 24
-47.2%
36.4%
Q1 24
1265.5%
Q2 23
-1005.1%
EPS (diluted)
SBET
SBET
SLGL
SLGL
Q3 25
$0.62
Q2 25
$-4.27
$4.17
Q1 25
$-1.84
Q4 24
Q3 24
$-3.02
Q2 24
$-1.35
$0.71
Q1 24
$40.31
Q2 23
$-0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SBET
SBET
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.1B
$31.9M
Total Assets
$3.1B
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SBET
SBET
SLGL
SLGL
Q3 25
Q2 25
$24.3M
Q1 25
Q4 24
Q3 24
Q2 24
$26.5M
Q1 24
Q2 23
$33.5M
Total Debt
SBET
SBET
SLGL
SLGL
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
Q2 23
Stockholders' Equity
SBET
SBET
SLGL
SLGL
Q3 25
$3.1B
Q2 25
$452.5M
$31.9M
Q1 25
$2.1M
Q4 24
$2.1M
Q3 24
$2.0M
Q2 24
$2.8M
$34.9M
Q1 24
$2.9M
Q2 23
$48.3M
Total Assets
SBET
SBET
SLGL
SLGL
Q3 25
$3.1B
Q2 25
$453.9M
$39.3M
Q1 25
$2.8M
Q4 24
$2.6M
Q3 24
$2.9M
Q2 24
$3.8M
$42.0M
Q1 24
$5.4M
Q2 23
$55.1M
Debt / Equity
SBET
SBET
SLGL
SLGL
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
Q2 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SBET
SBET
SLGL
SLGL
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
SBET
SBET
SLGL
SLGL
Q3 25
$-6.3M
Q2 25
$-1.6M
Q1 25
$-514.1K
Q4 24
$-22.8M
Q3 24
$-591.2K
Q2 24
$-1.7M
Q1 24
$-19.3M
Q2 23
$-8.3M
Free Cash Flow
SBET
SBET
SLGL
SLGL
Q3 25
$-6.3M
Q2 25
Q1 25
Q4 24
$-22.8M
Q3 24
Q2 24
Q1 24
$-19.3M
Q2 23
$-8.4M
FCF Margin
SBET
SBET
SLGL
SLGL
Q3 25
-57.9%
Q2 25
Q1 25
Q4 24
-2772.0%
Q3 24
Q2 24
Q1 24
-1977.2%
Q2 23
-1419.0%
Capex Intensity
SBET
SBET
SLGL
SLGL
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.2%
Q2 23
15.8%
Cash Conversion
SBET
SBET
SLGL
SLGL
Q3 25
-0.06×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-1.56×
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SBET
SBET

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

SLGL
SLGL

Segment breakdown not available.

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