Sharplink, Inc. Common Stock 2026 Q2 Earnings Call
Review the key takeaways and the transcript of this earnings call.
- For the second quarter ended June 30th, 2026, Sharplink reported total revenue of $11.5 million, up from $0.7 million in the prior year quarter, driven by staking and ETH yield generating strategies.
- Sharplink recorded a net realized gain of $1.4 million and an unrealized loss of $321 million in Q2 2026, compared to a $5.4 million realized gain and $2.4 million unrealized loss in Q2 2025.
- The company reported an impairment charge of $76.1 million, down from $87.8 million in the prior year quarter.
- Expenses increased to $9.1 million from $2.4 million year over year, reflecting the full quarter operation of the ETH Treasury strategy launched in June 2025.
- Sharplink reported a net loss of $394.3 million for Q2 2026, compared to a net loss of $103.4 million in the prior year quarter, primarily due to unrealized fair value losses and impairment charges.
- As of June 30th, 2026, Sharplink held 632,784 native ETH with a net fair value of $989 million, plus liquid staked and wrapped ETH totaling a combined net cost value of $369.2 million.
- Subsequent to quarter end, total ETH holdings increased to 888,938 ETH as of August 3rd, 2026.
- Cash on hand was $56.2 million as of June 30th, 2026, up from $28.5 million at December 31st, 2025.
- Sharplink was added to the Russell 2000 and Russell 3000 indices in June 2026, increasing institutional visibility and eligibility for index-linked ownership.
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Transcript
Preview the first five paragraphs, organized by speaker.
Good morning, everyone, and thank you for participating in today's conference call to discuss SharpLink's financial and operating results for the second quarter ended June 30, 2026. By now, everyone should have access to the second quarter 2026 earnings press release, which was issued this morning at approximately 8:00 A.M. Eastern Time. The release is available on the investor relations section of SharpLink's website. This call will also be available for webcast replay on the SharpLink's website. Following management's prepared remarks, we will open the call for questions. I will now hand the call over to SharpLink's Vice President of Business and Legal Affairs, Dodi Handy, for introductory comments.
Thank you, operator. Please see SharpLink's quarterly report on Form 10-Q, filed on Friday, August 7, 2026, with the SEC, along with the earnings press release that crossed the wire this morning. These documents list some of the factors that may cause the results of SharpLink to differ materially from what we say today and identify some of the risks and uncertainties that could affect our business, prospects, and future results. SharpLink assumes no duty and does not undertake to update any forward-looking statements. Any forward-looking statement made by us during this call is based only on information currently available to us and speaks only as of the date when it is made. In addition, we may be discussing or providing certain metrics today, such as ETH per share and other treasury-related performance metrics, that are not GAAP measures.
Please see our earnings press release and SEC filings for further information regarding these metrics. To set the agenda for today's call, we will begin with Joseph Lubin, SharpLink's Chairman of the Board, co-founder of Ethereum, and founder and CEO of Consensys. Joe will discuss Ethereum's evolution and the foundational infrastructure for programmable financial and economic activity, including networks' technological roadmap, expanding institutional adoption, and an ecosystem that grows increasingly capable of supporting global finance at scale. Next, SharpLink's Chief Executive Officer, Joseph Chalom, will discuss the Ethereum institutional super cycle, SharpLink's ecosystem initiatives, recent capital allocation activity, and how SharpLink is putting its ETH treasury to work through staking and active treasury management. Finally, our Chief Financial Officer, Robert DeLucia, will recap SharpLink's second quarter financial results, liquidity position, and key ETH treasury performance metrics.
Now, at this time, I'd like to turn the call over to SharpLink's Chairman of the Board, Joseph Lubin. Joe, the floor is yours.
Thank you, Dodie, and good morning, everyone. As a co-founder of Ethereum and CEO of Consensys, I have had the privilege of helping build the ecosystem from its earliest days.
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