Over the past decade, the field of sport-for-development (SFD) has experienced significant growth and diversification across research and practice. In this review paper, the authors provide a comprehensive analysis and discussion of the theoretical and conceptual developments within SFD, addressing a gap in the literature. Following a sport-focused review of SFD literature, the authors first identify five theoretical and conceptual frameworks that have emerged from within the SFD space. As a second step, they analyze and discuss scholarly work that has utilized these theories and frameworks. Building on a comparison of key messages, themes, and concerns, the authors highlight that to date, limited SFD scholarship has truly applied, extended, or challenged existing frameworks and conceptualizations. Motivated by this review, they posit several conceptual advancements, and offer directions for future research and theoretical development.