Bonk (SHOT) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2026 was $5.5M, driven by beverage sales and related party digital asset revenue share, up significantly from $87K in the prior year period due to the Yerbaé acquisition and digital asset initiatives.

• Net loss for the six months ended June 30, 2026 was $7.9M, compared to net income of $8.0M in the prior year period, reflecting higher operating expenses and significant unrealized losses on digital assets.

• The company completed the acquisition of Yerbaé, expanding its beverage portfolio, and continued to implement a digital asset strategy centered on the BONK ecosystem.

Financial highlights

• Revenue: $1.58M from beverage sales and $3.92M from related party digital asset revenue share for the six months ended June 30, 2026.

• Gross profit for the six months was $62.9K, with cost of sales at $1.52M.

• Operating expenses for the six months were $4.65M, down from $9.77M in the prior year period.

• Other income/expense included a $796K gain on sale of marketable securities and an $8.17M unrealized loss on digital assets.

• Net loss per share for the six months was $(0.99), compared to $1.97 EPS in the prior year period.

Outlook and guidance

• Management highlights substantial doubt about the company's ability to continue as a going concern due to recurring losses, negative cash flows, and low cash balances.

• The company expects to continue incurring significant costs as it pursues expansion and development plans.