Sharplink (Nasdaq: SBET) reported $13.5 million in total revenue for the third quarter of 2026, up 24% year over year. Staking revenue accounted for $13.1 million, up 27% year over year.
Net profit was $751 million, compared with $104 million a year earlier. The reported profit was driven mainly by $677 million in unrealized, non-cash gains on crypto assets and $75.2 million in realized net gains. Those gains should be distinguished from staking revenue when assessing the company’s recurring earnings.
As of September 30, 2026, Sharplink held $47.9 million in cash and cash equivalents and approximately 892,700 ETH. By November 2, its ETH holdings had risen to approximately 895,100 ETH, including ETH equivalents represented by liquid staking tokens.
Original report: Foresight News, published November 9, 2026, at 23:15 (UTC+8).