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Sharplink, Inc. SBET ETH Treasury Management — Crypto Asset Unrealized Gain Loss Operating

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Other financials

Income statement

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Revenue$11.5M+1,554%
Gross profit$208.8K-25.5%
Operating income-$393.5M-280%
Net income-$394.3M-281%
EPS (diluted)-$1.88+56.0%

Balance sheet

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Cash & equivalents$56.2M+1,008%
Total debt$202.0K
Total equity$1.4B+212%
Total assets$1.4B+212%

Cash flow

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Operating cash flow-$7.2M-340%
CapEx$3.7K+1,223%
Free cash flow-$9.1M-620%

Valuation

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Market cap$1.35B-56.5%
Enterprise value$1.3B
P/S26.9×-963×

Profitability

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Gross margin35.8%
Operating margin-3,401.5%+22.7pp
Net margin-3,406.3%+59.4pp
FCF margin-623%

Returns & leverage

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Return on equity-183.6%-277pp
Debt / equity
Current ratio10.5×+3.6×

Where this comes from

Reported directly by Sharplink, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CryptoAssetUnrealizedGainLossOperating.

The source filing: Sharplink, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:45 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001493152-26-036620
Line item2026 / For the Three Months Ended June 30,2025 / For the Three Months Ended June 30,2026 / For the Six Months Ended June 30,2025 / For the Six Months Ended June 30,
Total revenue11,52869723,5861,439
Gains and (losses) from operations
Realized gain on crypto assets, net1,4335,37413,4385,374
Unrealized loss on crypto assets at fair value, net(321,003)(2,437)(827,667)(2,437)
Total gains (losses) from operations, net(319,570)2,937(814,229)2,937
Operating expenses
Cost of revenues from affiliate marketing2584886901,098
Selling, general, and administrative expenses9,0602,38718,9393,503

Cover / Front Matter

FAQ

What is Sharplink, Inc.'s ETH treasury management — crypto asset unrealized gain loss operating?
Sharplink, Inc. (SBET) reported ETH treasury management — crypto asset unrealized gain loss operating of -$321M in Q2 2026.
What does ETH treasury management — crypto asset unrealized gain loss operating mean?
This metric represents the change in the fair market value of digital assets held in the treasury management segment that have not yet been sold. It highlights the impact of market price fluctuations on the company's financial position without the immediate realization of cash. This figure is critical for understanding the inherent volatility and market risk exposure associated with the company's digital asset treasury strategy.

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