Sharps Technology Inc. (STSS) Form 10-Q — May 14, 2026
Sharps Technology reported a net loss of $86.2 million for the first quarter of 2026, driven by a $70.8 million unrealized loss and $10.8 million realized loss on its Solana (SOL) treasury holdings. The company’s total assets declined from $269 million to $181 million, reflecting the sharp drop in SOL market value, while cash reserves stood at $12.3 million. The company generated only $192,780 in traditional medical device revenue but recognized $3.1 million in staking revenue from its SOL holdings. Operating expenses were elevated at $89.4 million, including $2.5 million in related-party consulting fees and $2.2 million in stock-based compensation.
Key figures
- Revenue
- 192780
- Total Debt
- 0
- Total Assets
- 181002610
- Cash Position
- 12320547
- Staking Revenue
- 3134109
- Cost Of Repurchases
- 1588861
- Shares Repurchased
- 867678
- Stock Based Compensation
- 2230208
- Consulting Fees Related Party
- 2500000
- Digital Commodities Fair Value
- 162490274
Price after filing
Close on the filing date to close N calendar days later (from $2.00). Historical, not a forecast.
AI analysis
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