Quarterly ResultAug 7, 2026, 04:53 PM
Sharplink Q2 Net Loss $394.3M; Total Assets Down 41.7%
AI Summary
Sharplink reported a net loss of $394.3 million for the second quarter of 2026, contributing to a $1.08 billion net loss for the first six months. Total assets decreased by 41.7% to $1.42 billion from $2.43 billion at year-end 2025, primarily due to significant unrealized losses and impairment on crypto assets. Despite the substantial losses, revenue from staking activities surged to $11.16 million in Q2 2026, reflecting the company's core focus on ETH Treasury Management. The company also terminated asset management agreements with Galaxy Digital and ParaFi Capital effective May 31, 2026.
Key Highlights
- Net loss for Q2 2026 was $394.3 million, compared to $103.4 million in Q2 2025.
- Total revenue for Q2 2026 reached $11.53 million, up from $0.70 million in Q2 2025.
- Revenue from staking activities increased significantly to $11.16 million in Q2 2026.
- Unrealized loss on crypto assets at fair value was $321.0 million in Q2 2026.
- Impairment of crypto assets at cost was $76.09 million in Q2 2026.
- Total assets decreased to $1.42 billion as of June 30, 2026, from $2.43 billion at year-end 2025.
- Cash increased to $56.20 million as of June 30, 2026, from $28.54 million at year-end 2025.
- Net loss per share was $(1.88) for Q2 2026, compared to $(4.27) in Q2 2025.
Price Impact
More from SBET