Sharplink, Inc. Q2 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Company: Sharplink (focus on Ethereum treasury strategy and ecosystem support)

Period: Quarter ended June 30, 2026 (comparisons to Q2 2025 unless noted)

Key Financial Highlights

  • ETH Holdings: 632,784 native ETH (net fair value $989 million) + 162,083 LsETH + 66,267 weETH (combined net cost $369.2 million) as of June 30, 2026. Post-quarter (Aug 3, 2026): increased to 634,255 native ETH + 181,748 LsETH + 72,935 weETH (total 888,938 ETH).
  • Revenue: $11.5 million (up significantly from $0.7 million), driven by staking and ETH yield strategies.
  • Realized Gains: $1.4 million (down from $5.4 million).
  • Unrealized Loss: $321 million (vs. $2.4 million loss).
  • Impairment Charge: $76.1 million (improved from $87.8 million).
  • SG&A Expenses: $9.1 million (up from $2.4 million) due to full-quarter treasury strategy operations vs. partial period in 2025.
  • Net Loss: $394.3 million (worsened from $103.4 million), primarily from unrealized fair value loss and impairment; these are non-cash accounting items and do not affect ETH units held.
  • Cash Position: $56.2 million (up from $28.5 million at Dec 31, 2025).
  • Liquidity: Ample, supported by cash, unencumbered ETH, and flexible capital framework.

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Operator: 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 30th, 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 in 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. Dodi Handy: 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

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