SharpLink Reports $394M Q2 Loss As Ethereum Revaluation Hits Results

SharpLink reported a $394.3 million net loss for the second quarter of 2026, with the result driven largely by non-cash Ethereum revaluation losses and liquid staking token impairment charges.
The company’s filing shows $321.0 million in unrealized ETH losses and $76.1 million in impairment charges tied to liquid staking tokens. At the same time, staking operations generated $11.2 million of the company’s $11.5 million in revenue.
That creates a very particular kind of earnings story