SHF Holdings Inc Financials
SHF Holdings Inc (SHFS) reported $7.7M in revenue for fiscal year 2025, down 49.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
SHF Holdings looks like a cost-reset story whose liquidity recovery came from financing, not a rebuilt revenue engine.
Between FY2024 and FY2025, net loss narrowed from-$48.3M to-$2.2M even as revenue was cut roughly in half, but cash conversion moved the opposite way: operating cash flow swung from$430K to-$3.4M . That combination says the cleaner bottom line did not make the business self-funding; year-end cash rose to$6.8M because financing supplied$7.4M , not because operations replenished it.
The business appears fixed-cost heavy: revenue fell from
The balance sheet looked materially sturdier in FY2025, with total liabilities dropping from
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of SHF Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for SHF Holdings Inc, and counted as zero in the overall score.
Not available for SHF Holdings Inc, and counted as zero in the overall score.
SHF Holdings Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
SHF Holdings Inc reported a net loss of $2.2M while operations used $3.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
SHF Holdings Inc reported an operating loss of $5.4M against $493K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
SHF Holdings Inc generated $7.7M in revenue in fiscal year 2025. This represents a decrease of 49.7% from the prior year.
SHF Holdings Inc's EBITDA was -$5.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.4% from the prior year.
SHF Holdings Inc reported -$2.2M in net income in fiscal year 2025. This represents an increase of 95.5% from the prior year.
SHF Holdings Inc earned -$0.82 per diluted share (EPS) in fiscal year 2025. This represents an increase of 95.3% from the prior year.
Cash & Balance Sheet
SHF Holdings Inc held $6.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
SHF Holdings Inc's operating margin was -70.4% in fiscal year 2025, reflecting core business profitability. This is down 23.8 percentage points from the prior year.
SHF Holdings Inc's net profit margin was -28.2% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
SHF Holdings Inc's ROE was -26.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
SHFS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $7.8M | $7.7M-49.7% | $15.2M-13.2% | $17.6M+85.3% | $9.5M+35.3% | $7.0M |
| SG&A Expenses | $3.8M | $3.3M-18.0% | $4.0M-39.0% | $6.6M+175.6% | $2.4M+320.9% | $568K |
| Operating Income | -$5.2M | -$5.4M+23.9% | -$7.1M+65.8% | -$20.7M-843.2% | -$2.2M-166.9% | $3.3M |
| Interest Expense | N/A | $493K-7.6% | $533K-52.1% | $1.1M+57.9% | $705K | N/A |
| Income Tax | N/A | -$58K-100.1% | $43.9M+2497.1% | -$1.8M+80.2% | -$9.3M | N/A |
| Net Income | -$3.7M | -$2.2M+95.5% | -$48.3M-179.6% | -$17.3M+50.8% | -$35.1M-1168.7% | $3.3M |
| EPS (Diluted) | — | -$0.82+95.3% | -$17.43 | -$8.12 | -$1.85 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SHFS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $17.2M+30.2% | $13.2M-80.5% | $67.9M-31.8% | $99.5M+1222.4% | $7.5M |
| Current Assets | $12.2M+4.3% | $11.7M+50.8% | $7.8M-24.1% | $10.2M+67.6% | $6.1M |
| Cash & Equivalents | $6.8M+191.6% | $2.3M-52.4% | $4.9M-41.7% | $8.4M+52.7% | $5.5M |
| Accounts Receivable | $1.0M0.0% | $1.0M | N/A | $1.4M+168.1% | $523K |
| Goodwill | N/A | N/A | $6.1M-68.6% | $19.3M | N/A |
| Total Liabilities | $9.0M-64.8% | $25.5M-23.9% | $33.5M-64.5% | $94.3M+51875.9% | $182K |
| Current Liabilities | $6.5M-48.8% | $12.7M+60.6% | $7.9M-84.1% | $49.6M+27211.2% | $182K |
| Long-Term Debt | N/A | N/A | N/A | $18.9M | N/A |
| Total Equity | $8.2M+167.0% | -$12.3M-135.8% | $34.4M+571.9% | $5.1M-30.3% | $7.3M |
| Retained Earnings | -$122.9M-1.8% | -$120.8M-68.7% | -$71.6M-80.3% | -$39.7M-485.3% | -$6.8M |
Not reported in any period shown, so not listed: Inventory.
SHFS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.4M | -$3.4M-893.9% | $430K+151.7% | -$832K-149.0% | $1.7M-42.4% | $2.9M |
| Capital Expenditures | N/A | N/A | N/A | $208K+1103.6% | $17K+192.5% | $6K |
| Free Cash Flow | N/A | N/A | N/A | -$1.0M-161.9% | $1.7M-42.9% | $2.9M |
| Investing Cash Flow | $1.1M | $442K+3467.7% | $12K+100.6% | -$2.2M+24.7% | -$2.9M-379.8% | $1.0M |
| Financing Cash Flow | $8.8M | $7.4M+347.1% | -$3.0M-515.1% | -$489K-111.9% | $4.1M+375.3% | -$1.5M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SHFS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Margin | -70.4%-23.8pp | -46.5% | -118.0% | -23.2%-70.1pp | 46.9% |
| Net Margin | -28.2% | -317.0% | -98.4% | -370.6% | 46.9% |
| Return on Equity | -26.2% | N/A | -50.3%+636.7pp | -687.0%-731.8pp | 44.8% |
| Return on Assets | -12.6%+353.0pp | -365.6%-340.1pp | -25.5%+9.9pp | -35.3%-79.0pp | 43.7% |
| Current Ratio | 1.88+1.0x | 0.92-0.1x | 0.98+0.8x | 0.21-33.4x | 33.63 |
| Debt-to-Equity | 1.09 | N/A | 0.98-2.7x | 3.70+3.7x | 0.02 |
| FCF Margin | N/A | N/A | -5.9%-23.6pp | 17.7%-24.3pp | 42.0% |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Where SHF Holdings Inc Ranks
Frequently Asked Questions
What is SHF Holdings Inc's annual revenue?
SHF Holdings Inc (SHFS) reported $7.7M in total revenue for fiscal year 2025. This represents a -49.7% 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 49.7% year-over-year, from $15.2M to $7.7M in fiscal year 2025.
Is SHF Holdings Inc profitable?
No, SHF Holdings Inc (SHFS) reported a net income of -$2.2M in fiscal year 2025, with a net profit margin of -28.2%.
What is SHF Holdings Inc's EBITDA?
SHF Holdings Inc (SHFS) had EBITDA of -$5.4M in fiscal year 2025, 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 -70.4% in fiscal year 2025, 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 -28.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is SHF Holdings Inc's return on equity (ROE)?
SHF Holdings Inc (SHFS) has a return on equity of -26.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is SHF Holdings Inc's operating cash flow?
SHF Holdings Inc (SHFS) recorded an outflow of $3.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are SHF Holdings Inc's total assets?
SHF Holdings Inc (SHFS) had $17.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is SHF Holdings Inc's current ratio?
SHF Holdings Inc (SHFS) had a current ratio of 1.88 as of fiscal year 2025, which is generally considered healthy.
What is SHF Holdings Inc's debt-to-equity ratio?
SHF Holdings Inc (SHFS) had a debt-to-equity ratio of 1.09 as of fiscal year 2025, 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 -12.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is SHF Holdings Inc's Piotroski F-Score?
SHF Holdings Inc (SHFS) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $2.2M while operations used $3.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $5.4M against $493K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.
How financially healthy is SHF Holdings Inc?
SHF Holdings Inc (SHFS) scores 20 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.