Quarterly ResultMay 8, 2026, 04:23 PM
Sharplink Q1 Net Loss $(685.6)M; Revenue $12.1M
AI Summary
Sharplink, Inc. reported a significant net loss of $(685.6) million for Q1 2026, a substantial increase from $(1.0) million in Q1 2025, primarily driven by $(506.7) million in unrealized losses and $191.7 million in impairment on crypto assets. Total revenue surged to $12.1 million from $0.7 million year-over-year, largely due to $11.5 million in staking revenue. The company's strategic shift to ETH Treasury Management, including native and liquid staking, is its predominant operational focus, alongside its online affiliate marketing business. Sharplink also changed its corporate name in February 2026 as part of a rebranding initiative.
Key Highlights
- Net loss for Q1 2026 was $(685.6) million, up from $(1.0) million in Q1 2025.
- Total revenue increased to $12.1 million in Q1 2026 from $0.7 million in Q1 2025.
- Revenue from staking was $11.5 million in Q1 2026, compared to $0 in Q1 2025.
- Unrealized loss on crypto assets at fair value was $(506.7) million in Q1 2026.
- Impairment of crypto assets at cost was $191.7 million in Q1 2026.
- Operating loss for Q1 2026 was $(684.6) million, up from $(0.9) million in Q1 2025.
- Cash decreased to $16.9 million as of March 31, 2026, from $28.5 million at Dec 31, 2025.
- Company rebranded and changed its name to Sharplink, Inc. on February 2, 2026.