Sharplink Q2 revenue jumps to $11.5M but net loss widens to $394.3M on ETH impairments

Sharplink, Inc.

2026-Q2 EPS reported -$5.16 vs consensus $0.01 ▼ miss (-38041.2%)

Revenue $11.5M vs $0.7M YoY; net loss $394.3M vs $103.4M, driven by $321M unrealized ETH loss and $76.1M LsETH/weETH impairment.
ETH holdings ~886,881 as of June 30, 2026; ~888,938 as of Aug 3, 2026; crypto assets ~$1.4B on GAAP basis.
Completed $75M registered direct offering (10,013,351 shares + warrants at $7.49) on June 23, 2026; used proceeds to buy ~10,000 ETH at ~$1,611/ETH.
Repurchased ~2.1M shares at ~$4.70 for ~$10M in Q2; cumulative 4,071,223 shares for ~$41.7M since Aug 2025.
Launched Galaxy Sharplink Onchain Yield Fund with $125M committed ($100M Sharplink, $25M Galaxy); added to Russell 2000/3000.

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