According to CoinMeta, SharpLink reported a net loss of $394 million in the second quarter of 2026, mainly due to a 23% decline in Ethereum prices during that quarter. Compared to the net loss of $103 million in the same period last year, the loss has significantly increased. The company noted in its report that the losses included $321 million in unrealized crypto losses and a $76 million impairment of pledged Ethereum (ETH) tokens. SharpLink also stated that revenue for the second quarter was $11.5 million, of which $11.1 million came from Ethereum staking.