SharpLink Gaming Q1 revenue misses estimates, net loss widens on unrealized losses, impairments

Sharplink

11/05/2026 13:15

Overview

Ethereum treasury platform's Q1 revenue surged yr/yr but missed analyst expectations

Company posted a net loss of $685.6 mln, driven by unrealized losses and impairments

SharpLink entered non-binding agreement with Galaxy Digital to launch $125 mln yield fund

Outlook

Company plans to launch Galaxy Sharplink Onchain Yield Fund to deploy ETH into onchain opportunities

Sharplink says it will continue expanding ETH productivity via active treasury management and onchain deployments

Company notes accelerating institutional adoption of Ethereum and ongoing advancements in network scalability and security

Result Drivers

ETH TREASURY STRATEGY - Revenue growth was primarily driven by the company's actively managed ETH treasury strategy launched in June 2025

UNREALIZED LOSSES & IMPAIRMENTS - Net loss was mainly due to non-cash unrealized losses and impairment charges related to ETH market conditions

PLATFORM INVESTMENTS - SG&A expenses rose due to investments in infrastructure, talent and systems to scale ETH treasury platform

Company press release: ID:nGNX2KrvNC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$12.1 mln
$13.02 mln (4 Analysts)
Q1 EPS
-$3.25
Q1 Net Income
-$685.6 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the advertising & marketing peer group is "buy"

Wall Street's median 12-month price target for Sharplink Inc is $15.00, about 101.6% above its May 8 closing price of $7.44

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)