SharonAI Q2 Revenue Hits $1.9M, But $430M Net Loss Driven by Non-Cash Convertible Note Fair Value Adjustment
SHAZ has more than doubled off its 52-week low of $16.55.
Summary
SharonAI reported Q2 2026 revenue of $1.93M and a $430.4M net loss, driven by a non-cash $400.5M fair value adjustment on convertible notes. Adjusted EBITDA was $0.6M. The company holds $1.86B in cash and an $8.8B contracted backlog.
Key Events · Earnings and Guidance · SHAZ
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Q2 Revenue Grows to $1.93M
Revenue increased to $1.93M from $0.4M in Q2 2025, driven by early contract deployments. Gross profit was $1.2M.
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$430.4M Net Loss from Non-Cash Fair Value Adjustment
Net loss of $430.4M includes a $400.5M non-cash charge from the fair value remeasurement of convertible notes, reflecting the stock price appreciation. Excluding this and other non-cash items, adjusted EBITDA was $0.6M.
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$1.86B Cash Position After $1.6B Financing
Cash and equivalents stood at $1.86B as of June 30, 2026, following the $1.6B strategic financing closed in June 2026. Total liabilities were $1.19B, including $1.01B in convertible notes.
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$8.8B Contracted TCV and 212MW Capacity
Total contracted TCV reached ~$8.8B, anchored by a six-year NVIDIA collaboration worth up to $4.88B. Secured data center capacity expanded to 212MW, with 64,000+ GPUs expected by mid-2027.
Analysis · SHAZ · Technology
SharonAI's Q2 2026 results present a sharp dichotomy: revenue climbed to $1.93M from $0.4M a year ago, yet the bottom line swung to a $430.4M net loss. That loss is almost entirely non-cash—a $400.5M fair value adjustment on convertible notes triggered by the stock's rise. Adjusted EBITDA, which strips out those mark-to-market swings, was a modest $0.6M. The company is well-capitalized with $1.86B in cash after a $1.6B June financing, and its $8.8B contracted backlog and 212MW of secured capacity signal massive future revenue potential. The key risk is execution: turning those contracts into cash flow while managing the dilutive overhang from convertible notes and warrants.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 46.1% of the 284 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SHAZ was trading at $55.24 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $16.55 to $97.48. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.