SharpLink Gaming Q2 revenue misses, loss widens on unrealized losses and impairments

Sharplink

10/08/2026 12:40

((This story was generated using AI and automation, please see
disclaimer https://bit.ly/rtrsnai))
Overview
    * Ethereum treasury platform's Q2 revenue rose sharply yr/yr but missed analyst expectations
    * Net loss widened to $394.3 mln, driven by non-cash unrealized losses and impairments
    * Company completed $75 mln direct offering and repurchased $10 mln in shares during Q2

Outlook
    * Company expects to fund first investments in new Galaxy Sharplink Onchain Yield Fund in coming weeks
    * SharpLink sees accelerating institutional adoption and expanding onchain activity in Ethereum ecosystem
    * Company plans continued investment in Ethereum ecosystem infrastructure and institutional engagement

Result Drivers
    * ETH TREASURY STRATEGY - Co said revenue growth was primarily driven by actively managed ETH treasury, launched June 2025
    * UNREALIZED LOSSES - Co said net loss was mainly due to non-cash unrealized losses and impairments from ETH market conditions
    * HIGHER OPERATING COSTS - SG&A expenses increased due to full-quarter operation of ETH treasury strategy and higher personnel, custody, insurance, legal, accounting and public-company infrastructure costs

Company press release:  ID:nGNX8CnmLD 
Key Details
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
 Q2        Miss      $11.50    $12.48
 Revenue             mln       mln (4
                               Analysts
                               )
 Q2 Net              $394.30    
 Loss                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 $14.00, about 117.7% above its August 7 closing price of $6.43

Reuters Recommended Reads
    * Aug 10 - Singapore's Bitdeer Q2 revenue rises on self-mining expansion
    * Aug 10 - Powerfleet Q1 revenue, adjusted EBITDA miss estimates
    * Aug 7 - AIxCrypto Holdings posts wider Q2 loss 

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

(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.)