Sharplink Q2 net loss widens to $394.3 million on $11.5 million revenue
Sharplink reported second-quarter 2026 revenue of $11.5 million, up from $0.7 million a year earlier, but its net loss widened to $394.3 million from $103.4 million. The loss was driven mainly by a $321.0 million unrealized loss on ETH and a $76.1 million impairment charge, both non-cash, while the net loss per share narrowed to $1.88 from $4.27 on a larger share count.
Key points
- Q2 2026 total revenue was $11.5 million versus $0.7 million in Q2 2025; revenue from staking was $11.2 million.
- Net loss was $394.3 million, including a $321.0 million unrealized loss on crypto assets and a $76.1 million LsETH and weETH impairment charge.
- Net loss per share was $1.88, compared with $4.27 a year earlier; basic weighted average shares rose to 209.8 million from 24.2 million.
- Cash and cash equivalents were $56.2 million as of June 30, 2026, and ETH holdings were approximately 886,881 as of June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.