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Side-by-side financial comparison of SharpLink Gaming, Inc. (SBET) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.
SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $10.8M, roughly 1.3× SharpLink Gaming, Inc.). SharpLink Gaming, Inc. runs the higher net margin — 961.6% vs -17.0%, a 978.6% gap on every dollar of revenue. On growth, SharpLink Gaming, Inc. posted the faster year-over-year revenue change (1129.9% vs 79.1%). SS Innovations International, Inc. produced more free cash flow last quarter ($-3.2M vs $-6.3M).
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.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
SBET vs SSII — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.8M | $14.5M |
| Net Profit | $104.3M | $-2.5M |
| Gross Margin | — | 43.9% |
| Operating Margin | — | -3.7% |
| Net Margin | 961.6% | -17.0% |
| Revenue YoY | 1129.9% | 79.1% |
| Net Profit YoY | 11880.2% | -28.5% |
| EPS (diluted) | $0.62 | $-0.01 |
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 | — | $14.5M | ||
| Q3 25 | $10.8M | $12.8M | ||
| Q2 25 | $697.3K | $10.0M | ||
| Q1 25 | $741.7K | $5.1M | ||
| Q4 24 | $823.1K | $8.1M | ||
| Q3 24 | $881.7K | $4.4M | ||
| Q2 24 | $981.3K | $4.5M | ||
| Q1 24 | $975.9K | $3.6M |
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $104.3M | $-3.7M | ||
| Q2 25 | $-103.4M | $-256.7K | ||
| Q1 25 | $-974.9K | $-5.7M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | $-885.1K | $-3.2M | ||
| Q2 24 | $-463.0K | $-4.1M | ||
| Q1 24 | $12.4M | $-9.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | 30.0% | 59.1% | ||
| Q1 25 | 17.8% | 21.2% | ||
| Q4 24 | 20.2% | 48.9% | ||
| Q3 24 | 19.6% | 52.8% | ||
| Q2 24 | 28.5% | 31.9% | ||
| Q1 24 | 29.4% | 20.0% |
| Q4 25 | — | -3.7% | ||
| Q3 25 | — | -14.3% | ||
| Q2 25 | -14826.0% | 1.0% | ||
| Q1 25 | -124.8% | -115.6% | ||
| Q4 24 | — | -22.7% | ||
| Q3 24 | -90.4% | -73.1% | ||
| Q2 24 | -122.8% | -90.9% | ||
| Q1 24 | -172.6% | -270.3% |
| Q4 25 | — | -17.0% | ||
| Q3 25 | 961.6% | -29.0% | ||
| Q2 25 | -14832.1% | -2.6% | ||
| Q1 25 | -131.4% | -111.0% | ||
| Q4 24 | — | -23.7% | ||
| Q3 24 | -100.4% | -74.0% | ||
| Q2 24 | -47.2% | -91.8% | ||
| Q1 24 | 1265.5% | -270.5% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | $0.62 | $-0.02 | ||
| Q2 25 | $-4.27 | $0.00 | ||
| Q1 25 | $-1.84 | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $-3.02 | $-0.02 | ||
| Q2 24 | $-1.35 | $-0.02 | ||
| Q1 24 | $40.31 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $38.2M |
| Total Assets | $3.1B | $74.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.2M | ||
| Q3 25 | — | $5.7M | ||
| Q2 25 | — | $11.4M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | — | $466.5K | ||
| Q3 24 | — | $220.4K | ||
| Q2 24 | — | $608.2K | ||
| Q1 24 | — | $948.1K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $38.2M | ||
| Q3 25 | $3.1B | $39.6M | ||
| Q2 25 | $452.5M | $42.0M | ||
| Q1 25 | $2.1M | $40.6M | ||
| Q4 24 | $2.1M | $13.5M | ||
| Q3 24 | $2.0M | $13.7M | ||
| Q2 24 | $2.8M | $14.8M | ||
| Q1 24 | $2.9M | $16.7M |
| Q4 25 | — | $74.2M | ||
| Q3 25 | $3.1B | $69.6M | ||
| Q2 25 | $453.9M | $70.0M | ||
| Q1 25 | $2.8M | $63.5M | ||
| Q4 24 | $2.6M | $42.4M | ||
| Q3 24 | $2.9M | $39.0M | ||
| Q2 24 | $3.8M | $35.7M | ||
| Q1 24 | $5.4M | $35.2M |
| 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 | $-1.5M |
| Free Cash FlowOCF − Capex | $-6.3M | $-3.2M |
| FCF MarginFCF / Revenue | -57.9% | -22.3% |
| Capex IntensityCapex / Revenue | 0.0% | 11.8% |
| Cash ConversionOCF / Net Profit | -0.06× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.5M | ||
| Q3 25 | $-6.3M | $-7.5M | ||
| Q2 25 | $-1.6M | $-3.5M | ||
| Q1 25 | $-514.1K | $-6.1M | ||
| Q4 24 | $-22.8M | $-3.3M | ||
| Q3 24 | $-591.2K | $-2.5M | ||
| Q2 24 | $-1.7M | $-1.0M | ||
| Q1 24 | $-19.3M | $-2.7M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-6.3M | $-8.2M | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-7.0M | ||
| Q4 24 | $-22.8M | $-3.4M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | $-19.3M | $-2.8M |
| Q4 25 | — | -22.3% | ||
| Q3 25 | -57.9% | -64.1% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -136.2% | ||
| Q4 24 | -2772.0% | -41.7% | ||
| Q3 24 | — | -96.9% | ||
| Q2 24 | — | -69.5% | ||
| Q1 24 | -1977.2% | -76.9% |
| Q4 25 | — | 11.8% | ||
| Q3 25 | 0.0% | 5.9% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | 0.2% | 1.5% | ||
| Q3 24 | 0.0% | 38.8% | ||
| Q2 24 | 0.0% | 46.8% | ||
| Q1 24 | 0.2% | 3.5% |
| 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
SBET
| ETH Staking Segmet | $10.3M | 95% |
| Other | $569.8K | 5% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
