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Side-by-side financial comparison of SharpLink Gaming, Inc. (SBET) and Spero Therapeutics, Inc. (SPRO). Click either name above to swap in a different company.
Spero Therapeutics, Inc. is the larger business by last-quarter revenue ($12.6M vs $10.8M, roughly 1.2× SharpLink Gaming, Inc.). SharpLink Gaming, Inc. runs the higher net margin — 961.6% vs 250.7%, a 710.9% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 1129.9%).
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.
SBET vs SPRO — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.8M | $12.6M |
| Net Profit | $104.3M | $31.5M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 961.6% | 250.7% |
| Revenue YoY | 1129.9% | 24080.8% |
| Net Profit YoY | 11880.2% | 250.9% |
| EPS (diluted) | $0.62 | $0.56 |
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 | — | $12.6M | ||
| Q3 25 | $10.8M | $0 | ||
| Q2 25 | $697.3K | $0 | ||
| Q1 25 | $741.7K | $12.0K | ||
| Q4 24 | $823.1K | $52.0K | ||
| Q3 24 | $881.7K | $65.0K | ||
| Q2 24 | $981.3K | $114.0K | ||
| Q1 24 | $975.9K | $140.0K |
| Q4 25 | — | $31.5M | ||
| Q3 25 | $104.3M | $-7.4M | ||
| Q2 25 | $-103.4M | $-1.7M | ||
| Q1 25 | $-974.9K | $-13.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-885.1K | $-17.1M | ||
| Q2 24 | $-463.0K | $-17.9M | ||
| Q1 24 | $12.4M | $-12.7M |
| Q4 25 | — | — | ||
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -14826.0% | — | ||
| Q1 25 | -124.8% | -122758.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | -90.4% | -28604.6% | ||
| Q2 24 | -122.8% | -16720.2% | ||
| Q1 24 | -172.6% | -9987.1% |
| Q4 25 | — | 250.7% | ||
| Q3 25 | 961.6% | — | ||
| Q2 25 | -14832.1% | — | ||
| Q1 25 | -131.4% | -115550.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | -100.4% | -26380.0% | ||
| Q2 24 | -47.2% | -15668.4% | ||
| Q1 24 | 1265.5% | -9049.3% |
| Q4 25 | — | $0.56 | ||
| Q3 25 | $0.62 | $-0.13 | ||
| Q2 25 | $-4.27 | $-0.03 | ||
| Q1 25 | $-1.84 | $-0.25 | ||
| Q4 24 | — | — | ||
| Q3 24 | $-3.02 | $-0.32 | ||
| Q2 24 | $-1.35 | $-0.33 | ||
| Q1 24 | $40.31 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $40.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $59.0M |
| Total Assets | $3.1B | $68.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.3M | ||
| Q3 25 | — | $48.6M | ||
| Q2 25 | — | $31.2M | ||
| Q1 25 | — | $48.9M | ||
| Q4 24 | — | $52.9M | ||
| Q3 24 | — | $76.3M | ||
| Q2 24 | — | $63.5M | ||
| Q1 24 | — | $82.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $59.0M | ||
| Q3 25 | $3.1B | $26.5M | ||
| Q2 25 | $452.5M | $32.8M | ||
| Q1 25 | $2.1M | $33.8M | ||
| Q4 24 | $2.1M | $46.1M | ||
| Q3 24 | $2.0M | $65.5M | ||
| Q2 24 | $2.8M | $80.5M | ||
| Q1 24 | $2.9M | $96.2M |
| Q4 25 | — | $68.9M | ||
| Q3 25 | $3.1B | $54.2M | ||
| Q2 25 | $453.9M | $62.1M | ||
| Q1 25 | $2.8M | $77.7M | ||
| Q4 24 | $2.6M | $110.5M | ||
| Q3 24 | $2.9M | $135.2M | ||
| Q2 24 | $3.8M | $149.9M | ||
| Q1 24 | $5.4M | $167.7M |
| 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 | $-6.3M | $-8.4M |
| Free Cash FlowOCF − Capex | $-6.3M | — |
| FCF MarginFCF / Revenue | -57.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -0.06× | -0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-8.4M | ||
| Q3 25 | $-6.3M | $17.4M | ||
| Q2 25 | $-1.6M | $-17.7M | ||
| Q1 25 | $-514.1K | $-4.0M | ||
| Q4 24 | $-22.8M | $-23.4M | ||
| Q3 24 | $-591.2K | $12.8M | ||
| Q2 24 | $-1.7M | $-18.7M | ||
| Q1 24 | $-19.3M | $5.9M |
| Q4 25 | — | — | ||
| Q3 25 | $-6.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-22.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-19.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | -57.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -2772.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -1977.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | — | -0.26× | ||
| 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
SBET
| ETH Staking Segmet | $10.3M | 95% |
| Other | $569.8K | 5% |
SPRO
Segment breakdown not available.
