Sharplink Q1 revenue $12.1M, net loss $685.6M; plans $125M Galaxy Onchain Yield Fund

Sharplink, Inc.

2026-Q1 EPS reported -$3.25 revenue$12,058,000

Revenue surged to $12.1M in Q1 2026 from $0.7M a year ago, driven by active ETH treasury management launched June 2025.
Net loss of $685.6M includes $506.7M unrealized loss on ETH and $191.7M LsETH impairment; ETH holdings unchanged at 870,821 ETH.
ETH holdings grew to 872,984 ETH as of May 4; cumulative staking rewards reached 18,800 ETH since June 2025.
Entered non-binding MOU with Galaxy Digital to form $125M Galaxy Sharplink Onchain Yield Fund ($100M from Sharplink, $25M from Galaxy).
ETH per share (ETH Concentration) more than doubled since June 2025 from 2.0 to 4.02; majority of treasury management now in-house.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sharplink, Inc. reported three months ended March 31, 2026 results: revenue $12.1 million, net income $(685.6) million.

Period: three months ended March 31, 2026
Revenue: $12.1 million
Net income: $(685.6) million
Result: reported results

Exact text from the filing

First Quarter 2026 Highlights Income Statement and Balance Sheet ● Total revenue increased materially to $12.1 million in Q1 2026, compared to $0.7 million for the three months ended March 31, 2025. The increase was primarily driven by the continued success of Sharplink’s actively managed ETH treasury strategy, which was launched on June 2, 2025. ● SG&A expenses were $9.9 million for the three months ended March 31, 2026, compared to $1.1 million in the prior year’s first quarter. The increase was primarily due to expenditures for investments in infrastructure, talent and systems required to scale and actively manage Sharplink’s institutional-grade ETH treasury platform. ● Net loss was $685.6 million in Q1 2026, compared to $1.0 million for the three months ended March 31, 2025.

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Source: SEC EDGAR

accession 0001493152-26-022140

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