SHF Holdings Inc Financials
This page shows SHF Holdings Inc (SHFS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
SHF Holdings Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, SHF Holdings Inc generates $-0.01 in operating cash flow ($430K OCF vs -$48.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
SHF Holdings Inc earns $-13.3 in operating income for every $1 of interest expense (-$7.1M vs $533K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
SHF Holdings Inc generated $15.2M in revenue in fiscal year 2024. This represents a decrease of 13.2% from the prior year.
SHF Holdings Inc's EBITDA was -$6.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 67.0% from the prior year.
SHF Holdings Inc reported -$48.3M in net income in fiscal year 2024. This represents a decrease of 179.6% from the prior year.
SHF Holdings Inc earned $-17.43 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 114.7% from the prior year.
SHF Holdings Inc held $2.3M in cash against $0 in long-term debt as of fiscal year 2024.
SHF Holdings Inc had 3M shares outstanding in fiscal year 2024. This represents an increase of 2.0% from the prior year.
SHF Holdings Inc's operating margin was -46.5% in fiscal year 2024, reflecting core business profitability. This is up 71.5 percentage points from the prior year.
SHF Holdings Inc's net profit margin was -317.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 218.6 percentage points from the prior year.
SHFS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8M-0.6% | $1.8M-4.5% | $1.9M-56.8% | $4.5M+3.3% | $4.3M-5.2% | $4.6M+9.4% | $4.2M+16.9% | $3.6M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $856K+87.1% | $458K-53.8% | $991K-42.2% | $1.7M+15.5% | $1.5M-20.0% | $1.9M+20.4% | $1.5M+1.6% | $1.5M |
| Operating Income | -$1.2M-25.4% | -$971K+51.2% | -$2.0M-15.2% | -$1.7M-425.2% | $531K+103.0% | -$17.9M-1004.6% | -$1.6M+58.0% | -$3.9M |
| Interest Expense | $253K+119.0% | $115K+2.3% | $113K+146.9% | -$240K-167.4% | $357K+0.9% | $354K-45.0% | $643K | N/A |
| Income Tax | $43.8M+75017.2% | -$58K+86.7% | -$439K+30.4% | -$630K-1117.4% | $62K+109.5% | -$652K-7.0% | -$609K | N/A |
| Net Income | $180K+119.3% | -$931K-12.5% | -$827K-133.3% | $2.5M+432.4% | -$748K+95.8% | -$17.6M-1145.5% | -$1.4M+96.2% | -$37.0M |
| EPS (Diluted) | $0.06+118.2% | $-0.33-10.0% | $-0.30+96.1% | $-7.64 | $-0.02+95.0% | $-0.40-566.7% | $-0.06 | N/A |
SHFS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.7M+129.4% | $6.0M-10.5% | $6.7M-90.2% | $67.9M-6.2% | $72.4M+0.4% | $72.1M-19.1% | $89.1M-10.4% | $99.5M |
| Current Assets | $11.1M+123.8% | $5.0M-5.0% | $5.2M-32.8% | $7.8M-26.7% | $10.6M+7.1% | $9.9M-3.5% | $10.2M+0.1% | $10.2M |
| Cash & Equivalents | $862K+248.4% | $247K-73.4% | $931K-80.9% | $4.9M-45.4% | $8.9M+8.6% | $8.2M-4.5% | $8.6M+2.8% | $8.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | $1.3M-7.9% | $1.4M+14.1% | $1.2M-10.9% | $1.4M |
| Goodwill | $6.1M0.0% | $6.1M0.0% | $6.1M0.0% | $6.1M0.0% | $6.1M0.0% | $6.1M-68.6% | $19.3M0.0% | $19.3M |
| Total Liabilities | $6.7M-72.0% | $23.8M+0.9% | $23.6M-29.6% | $33.5M-26.1% | $45.4M+1.4% | $44.7M-0.9% | $45.1M-52.2% | $94.3M |
| Current Liabilities | $5.3M-56.8% | $12.3M+3.3% | $11.9M+51.2% | $7.9M-60.5% | $20.0M+3.4% | $19.3M+0.3% | $19.2M-61.2% | $49.6M |
| Long-Term Debt | $54.8M-0.2% | $55.0M-5.5% | $58.2M+4.5% | $55.6M+283.8% | $14.5M0.0% | $14.5M0.0% | $14.5M-23.3% | $18.9M |
| Total Equity | $7.0M+139.2% | -$17.9M-5.4% | -$16.9M-149.3% | $34.4M+27.1% | $27.0M-1.2% | $27.3M-37.8% | $44.0M+760.5% | $5.1M |
| Retained Earnings | -$122.3M+0.1% | -$122.5M-0.8% | -$121.6M-69.9% | -$71.6M+0.2% | -$71.7M-1.6% | -$70.6M-51.1% | -$46.7M-17.6% | -$39.7M |
SHFS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$538K+20.2% | -$675K+40.9% | -$1.1M-87.9% | -$607K-182.1% | $740K+201.0% | -$733K-215.8% | -$232K+14.2% | -$270K |
| Capital Expenditures | N/A | N/A | N/A | $0 | $0+100.0% | -$340K-162.0% | $549K+15213.2% | $4K |
| Free Cash Flow | N/A | N/A | N/A | -$607K-182.1% | $740K+168.9% | -$1.1M-37.4% | -$781K-185.0% | -$274K |
| Investing Cash Flow | $386K+11586.1% | $3K+1.7% | $3K+100.1% | -$3.0M-9712.4% | -$30K-108.8% | $343K-27.1% | $471K+119.5% | -$2.4M |
| Financing Cash Flow | $767K+6104.2% | -$13K+95.0% | -$256K | N/A | N/A | N/A | N/A | $3.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SHFS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -66.4%-13.8pp | -52.6%+50.4pp | -103.1%-64.5pp | -38.6%-50.9pp | 12.3%+404.0pp | -391.8%-353.0pp | -38.8%+69.2pp | -108.0% |
| Net Margin | 9.8%+60.2pp | -50.4%-7.6pp | -42.8%-98.3pp | 55.5%+72.8pp | -17.3%+367.8pp | -385.0%-351.2pp | -33.8%+1001.6pp | -1035.4% |
| Return on Equity | 2.6%+0.1pp | 2.5%-3.1pp | 5.5%-1.7pp | 7.2% | N/A | N/A | N/A | N/A |
| Return on Assets | 1.3%+16.9pp | -15.6%-3.2pp | -12.4%-16.1pp | 3.7%+4.7pp | -1.0%+23.4pp | -24.4%-22.8pp | -1.6%+35.6pp | -37.2% |
| Current Ratio | 2.08+1.7 | 0.40-0.0 | 0.44-0.5 | 0.98+0.5 | 0.53+0.0 | 0.51-0.0 | 0.53+0.3 | 0.21 |
| Debt-to-Equity | 0.95+2.3 | -1.33+0.1 | -1.39-3.0 | 1.62+1.1 | 0.540.0 | 0.53+0.2 | 0.33-3.4 | 3.70 |
| FCF Margin | N/A | N/A | N/A | -13.6%-30.6pp | 17.1%+40.5pp | -23.5%-4.8pp | -18.7%-11.0pp | -7.7% |
Note: Shareholder equity is negative (-$12.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.92), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is SHF Holdings Inc's annual revenue?
SHF Holdings Inc (SHFS) reported $15.2M in total revenue for fiscal year 2024. This represents a -13.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is SHF Holdings Inc's revenue growing?
SHF Holdings Inc (SHFS) revenue declined by 13.2% year-over-year, from $17.6M to $15.2M in fiscal year 2024.
Is SHF Holdings Inc profitable?
No, SHF Holdings Inc (SHFS) reported a net income of -$48.3M in fiscal year 2024, with a net profit margin of -317.0%.
What is SHF Holdings Inc's earnings per share (EPS)?
SHF Holdings Inc (SHFS) reported diluted earnings per share of $-17.43 for fiscal year 2024. This represents a -114.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is SHF Holdings Inc's EBITDA?
SHF Holdings Inc (SHFS) had EBITDA of -$6.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is SHF Holdings Inc's operating margin?
SHF Holdings Inc (SHFS) had an operating margin of -46.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is SHF Holdings Inc's net profit margin?
SHF Holdings Inc (SHFS) had a net profit margin of -317.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is SHF Holdings Inc's operating cash flow?
SHF Holdings Inc (SHFS) generated $430K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are SHF Holdings Inc's total assets?
SHF Holdings Inc (SHFS) had $13.2M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does SHF Holdings Inc have outstanding?
SHF Holdings Inc (SHFS) had 3M shares outstanding as of fiscal year 2024.
What is SHF Holdings Inc's current ratio?
SHF Holdings Inc (SHFS) had a current ratio of 0.92 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is SHF Holdings Inc's debt-to-equity ratio?
SHF Holdings Inc (SHFS) had a debt-to-equity ratio of -2.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is SHF Holdings Inc's return on assets (ROA)?
SHF Holdings Inc (SHFS) had a return on assets of -365.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is SHF Holdings Inc's debt-to-equity ratio negative or unusual?
SHF Holdings Inc (SHFS) has negative shareholder equity of -$12.3M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is SHF Holdings Inc's Piotroski F-Score?
SHF Holdings Inc (SHFS) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SHF Holdings Inc's earnings high quality?
SHF Holdings Inc (SHFS) has an earnings quality ratio of -0.01x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can SHF Holdings Inc cover its interest payments?
SHF Holdings Inc (SHFS) has an interest coverage ratio of -13.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.