SharpLink reported a net profit of 751000000 USD for the third quarter of 2026.
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AT A GLANCE
SharpLink's third-quarter revenue grew, but net profit was mainly driven by gains from crypto assets.
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SharpLink's third-quarter net profit was 751000000 USD, with revenue up 24% year over year.
PANews reported on November 9 that, according to SharpLink's announcement, the company's third-quarter revenue was 13500000 USD, up from 10800000 USD in the same period last year, a growth of 24%. Staking income accounted for 13100000 USD, up 27% year over year. Net profit for the quarter was 751400000 USD, with diluted earnings per share of 3.45 USD; net profit in the same period last year was 104300000 USD. The significant increase in profit was mainly due to 676700000 USD in unrealized gains from the rise in the fair value of its ETH holdings, as well as 75200000 USD in realized crypto asset gains. Operating expenses fell to 11000000 USD, down 8% year over year. As of September 30, the company held 47900000 USD in cash and cash equivalents.
SharpLink's third-quarter revenue was 13500000 USD, up 24% from 10800000 USD in the same period last year.
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Among them, collateral income was 13100000 USD, up 27% year on year.
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Net profit for the quarter was 751400000 USD, with diluted earnings per share of 3.45 USD.
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The sharp increase in profit was mainly due to an unrealized gain of 676700000 USD from the rise in the fair value of held ETH, as well as a realized crypto asset gain of 75200000 USD.
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General and administrative expenses decreased to 11000000 USD, a year-over-year decrease of 8%.
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As of September 30, the company held 47900000 USD in cash and cash equivalents.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
SharpLink's revenue and staking income increased year over year, but the quarter's substantial profit primarily stemmed from gains due to the appreciation of its ETH holdings, rather than entirely from operating income.
Why it matters to readers
This indicates that changes in crypto asset prices may significantly affect SharpLink's profit performance.
When looking at a company’s profits, you should not only consider revenue but also distinguish between operating income and gains from changes in the prices of crypto assets.
Risks and unknowns
The evidence states that the data comes from a SharpLink announcement, but no link to the original announcement is provided.
Unrealized gains from changes in the fair value of ETH may fluctuate with asset price changes.
It is impossible to determine whether subsequent profits will be sustained based solely on this quarter’s data.
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Fair value
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