Sharplink Q4 Revenue Jumps to $15.77M, Net Loss Hits $734.6M
Sharplink reported Q4 revenue of $15.77 million, up from $823,441 last year, with an adjusted loss of $1.19 per share versus $3.00. The company recorded a $734.6 million net loss in 2025 from crypto accounting charges while expanding its Ethereum treasury to 868,699 ETH with 46% institutional ownership.
1. Fourth-Quarter Results
Sharplink’s Q4 revenue rose to $15.77 million from $823,441 in the year-ago period, reflecting strong top-line growth. The company narrowed its adjusted loss to $1.19 per share compared to an adjusted loss of $3.00 in the prior year, though revenue fell short of Wall Street estimates.
2. Full-Year 2025 Performance
For the full year, Sharplink’s revenue climbed to $28.1 million from $3.7 million in 2024. The company logged a $734.6 million net loss driven by a $616.2 million unrealized loss tied to Ethereum market conditions and a $140.2 million impairment charge on liquid staking Ethereum tokens.
3. Ethereum Treasury Expansion and Ownership
Sharplink increased its Ethereum holdings to 868,699 ETH, up from 864,597 ETH at year-end, and doubled ETH per share in 2025. Institutional ownership rose to 46%, and the company ended the year with $28.5 million in cash and $1.9 million in USDC while planning further ETH compounding in 2026.