Sharplink's Ether Gains Drive $751.4 Million Third-Quarter Profit

Sharplink, Inc. recorded $751.4 million in net income for the third quarter of 2026, with gains on its Ether (ETH) treasury accounting for most of the result while staking supplied nearly all revenue.

Sharplink earned $3.45 per diluted share. Net income was $104.3 million a year earlier, while revenue rose 24% to $13.46 million.

The company recorded $676.7 million in unrealized gains tied mainly to changes in the value of its crypto holdings. Those gains did not produce cash proceeds. Sharplink also recorded $75.2 million in net realized gains, largely from ETH treasury activity.

Staking generated $13.06 million in revenue, up from $10.27 million a year earlier. The profit followed a second-quarter loss of $394.3 million, which included an unrealized crypto loss and an impairment charge.

As of Sept. 30, Sharplink held approximately 892,708 ETH on an ETH-equivalent basis. That combined total includes native ETH and staked tokens valued as if redeemed. Its holdings reached approximately 895,117 on the same basis as of Nov. 2.