Quarterly ResultMay 11, 2026, 08:08 AM
Sharplink Q1 Revenue $12.1M; Net Loss $685.6M on crypto losses
AI Summary
Sharplink reported Q1 2026 financial results, with total revenue materially increasing to $12.1 million, driven by its actively managed ETH treasury strategy. However, the company recorded a significant net loss of $685.6 million, primarily due to non-cash unrealized losses and impairment charges on crypto assets. Sharplink also announced plans to launch the Galaxy Sharplink Onchain Yield Fund, a $125 million initiative, and increased its total ETH holdings to 872,984 ETH as of May 4, 2026.
Key Highlights
- Net loss was $685.6 million in Q1 2026, compared to $1.0 million in Q1 2025.
- Total revenue increased to $12.1 million in Q1 2026, up from $0.7 million in Q1 2025.
- Unrealized loss on crypto assets was $506.7 million due to market conditions.
- LsETH impairment charge totaled $191.7 million.
- Plans to launch Galaxy Sharplink Onchain Yield Fund, a $125 million initiative.
- Total ETH holdings increased to 872,984 ETH as of May 4, 2026.
- Generated 18,800 ETH in total staking rewards since June 2025.
- Cash and cash equivalents were $16.9 million as of March 31, 2026.