---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-009305"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2026-03-09T23:59:59+00:00"
generated_at: "2026-05-15T18:14:32.856466+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SharpLink FY2025 net loss $734.6M; revenue $28.1M; ETH per share 4.01

## Summary
- Net loss $734.6M vs net income $10.1M in 2024; driven by $616.2M unrealized loss on ETH and $140.2M LsETH impairment.
- Revenue jumped to $28.1M from $3.7M; Q4 staking revenue $15.3M, up 50% from Q3.
- ETH holdings 864,597 as of Dec 31, 2025; ETH per share doubled to 4.01; total staking rewards 14,516 ETH since June 2025.
- Institutional ownership of common stock increased to 46% from ~6% over the year.
- Company reiterated 2026 strategy: compound ETH per share, generate yield, expand partnerships, maintain governance.

## SEC filing metadata
- accession: 0001493152-26-009305
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2026-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000149315226009305/0001493152-26-009305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000149315226009305/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-009305
- JSON: https://secwatch.observer/filing/0001493152-26-009305.json
- Plain text: https://secwatch.observer/filing/0001493152-26-009305.txt

## Key facts
- Earnings Releases
  Sharplink, Inc. reported financial results for full year ended December 31, 2025.
  - Period: full year ended December 31, 2025
  - Result: reported results
  source text: On March 9, 2026, Sharplink, Inc.. (the "Company") issued a press release regarding its financial results for the year ended December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1981535/000149315226009305/0001493152-26-009305-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.