SHF Holdings, Inc. SHFS

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived Nasdaq

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.

Last close 0.13 2026-10-23
Market cap $1.6M 2026-06-30 share count
52-week range 0.07 - 3.52

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.82

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
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.) 2.9M2.8M2.1M19.0M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
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 FY2025FY2024FY2023FY2022FY2021FY2020
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -60M -40M -20M 0 20M Revenue, FY2021: 7M Net income, FY2021: 3.3M Revenue, FY2022: 9.5M Net income, FY2022: -35.1M Revenue, FY2023: 17.6M Net income, FY2023: -17.3M Revenue, FY2024: 15.2M Net income, FY2024: -48.3M Revenue, FY2025: 7.7M Net income, FY2025: -2.2M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $7.0M $9.5M $17.6M $15.2M $7.7M
Gross profit — — — — — —
Net income — $3.3M -$35.1M -$17.3M -$48.3M -$2.2M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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