---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-036741"
form_type: "8-K"
ticker: "SBET"
cik: "0001981535"
company_name: "Sharplink, Inc."
filed_at: "2026-08-10T11:45:28+00:00"
generated_at: "2026-08-10T11:50:32.817715+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-036741
- form_type: 8-K
- ticker: SBET
- cik: 0001981535
- company_name: Sharplink, Inc.
- filed_at: 2026-08-10T11:45:28+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1981535/000149315226036741/0001493152-26-036741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1981535/000149315226036741/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-036741
- JSON: https://secwatch.observer/filing/0001493152-26-036741.json
- Plain text: https://secwatch.observer/filing/0001493152-26-036741.txt

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