SHF Holdings, Inc. SHFS
Company is based in Golden, Colorado. Founded in 2015 by Partner Colorado Credit Union ("PCCU"), SHF was among the first
companies to provide compliant banking and lending services to cannabis related businesses ("CRBs"). Our mission is to provide
reliable, compliant financial services to the legal cannabis, hemp, and related industries by enabling financial institution customers
to offer compliant banking, lending, and other financial services to CRBs.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $7.7M | $15.2M | $17.6M | $9.5M | $7.0M | — |
| SG&A | $3.3M | $4.0M | $6.6M | $2.4M | $567.9K | — |
| Total operating expenses | $13.1M | $22.3M | $38.3M | $11.7M | $3.7M | — |
| Operating income | -$5.4M | -$7.1M | -$20.7M | -$2.2M | $3.3M | — |
| Interest expense | $492.6K | $533.4K | $1.1M | $705.2K | — | — |
| Pre-tax income | -$2.2M | -$4.5M | -$19.1M | -$44.4M | $3.3M | — |
| Income tax | $58.5K | $43.9M | $1.8M | $9.3M | — | — |
| Net income | -$2.2M | -$48.3M | -$17.3M | -$35.1M | $3.3M | — |
| EPS, basic | -0.82 | -17.43 | -8.12 | -1.85 | — | — |
| EPS, diluted | -0.82 | -17.43 | -8.12 | -1.85 | — | — |
| Shares, diluted (wtd. avg.) | $2.9M | $2.8M | $2.1M | $19.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $6.8M | $2.3M | $4.9M | $8.4M | $5.5M | — |
| Receivables | $1.0M | $1.0M | — | $1.4M | $522.9K | — |
| Total current assets | $12.2M | $11.7M | $7.8M | $10.2M | $6.1M | — |
| Property, plant and equipment | — | $3.2K | $84.2K | $49.6K | $6.4K | — |
| Goodwill | — | — | $6.1M | $19.3M | — | — |
| Other intangibles | — | $8.8M | $5.7M | $10.6M | — | — |
| Total assets | $17.2M | $13.2M | $67.9M | $99.5M | $7.5M | — |
| Accounts payable | — | — | — | $2.9M | $43.6K | — |
| Total current liabilities | $6.5M | $12.7M | $7.9M | $49.6M | $181.5K | — |
| Long-term debt | — | — | $55.6M | $18.9M | — | — |
| Total liabilities | $9.0M | $25.5M | $33.5M | $94.3M | $181.5K | — |
| Retained earnings | -$122.9M | -$120.8M | -$71.6M | -$39.7M | -$6.8M | — |
| Total equity | $8.2M | -$12.3M | $34.4M | $5.1M | $7.3M | $4.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$3.4M | $430.5K | -$832.1K | $1.7M | $2.9M | — |
| Depreciation and amortisation | $3.2K | $711.9K | $1.4M | $189.3K | $1.9K | — |
| Stock-based compensation | $1.5M | $1.6M | $3.7M | $2.8M | — | — |
| Capital expenditure | — | — | $208.4K | $17.3K | $5.9K | — |
| Investing cash flow | $442.2K | $12.4K | -$2.2M | -$2.9M | $1.0M | — |
| Financing cash flow | $7.4M | -$3.0M | -$488.8K | $4.1M | -$1.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-035522.
Others in SIC 6199
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AXP | AMERICAN EXPRESS CO | $220.26B | 21.2x | 6.4% |
| MSTR | Strategy Inc | $50.34B | — | 3.0% |
| COIN | Coinbase Global, Inc. | $48.64B | 41.5x | 9.4% |
| SYF | Synchrony Financial | $26.00B | 8.6x | — |
| CRCL | Circle Internet Group, Inc. | $25.33B | — | 624.0% |
| SOFI | SoFi Technologies, Inc. | $23.53B | 46.7x | 23.1% |
| IREN | IREN Ltd | $15.97B | — | 41.1% |
| BMNR | BITMINE IMMERSION TECHNOLOGIES, INC. | $15.06B | 1.9x | 84.1% |