SharpLink, Inc. posted a net loss of $394.3 million in Q2 2026. The company’s Ethereum staking operation pulled in $11.2 million in revenue during the quarter, accounting for nearly all of the company’s $11.5 million top line.
Revenue surged more than 1,500% year-over-year. The loss-per-share came in at $1.88, missing analyst expectations.
From fantasy sports to staking yields
SharpLink didn’t always look like this. The company formerly operated as SharpLink Gaming, Inc., running a sports betting affiliate and gaming technology business. In February 2026, it completed a rebrand and pivoted into what it calls “ETH Treasury Management,” a model built around accumulating large amounts of Ethereum, staking it, and generating yield.
As of early August 2026, SharpLink holds approximately 889,000 ETH. Since launching the treasury model in June 2025, the company has accumulated more than 24,000 ETH in cumulative staking rewards.
