SHF Holdings, Inc. Warrants (SHFSW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SHFSW SEC filings page.
SHF Holdings, Inc. Warrants (SHFSW) reported $7.8M in revenue over the twelve months to Jun 30, 2026, down 28.6% from the prior twelve months. 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 shrank sharply while losses persisted, and its 2025 balance-sheet improvement came from financing rather than operating cash generation.
The reported net loss narrowed from$48.3M in FY2024 to$2.2M in FY2025, yet operating cash flow reversed from a small inflow to a cash use of$3.4M . With revenue down49.7% and operating margin at-70.4% , the accounting improvement did not reflect stronger underlying operating economics.
The revenue contraction exposed weak cost absorption: revenue fell
The balance sheet moved from negative equity in FY2024 to positive equity of
Financial Health Signals
Scored against emerging companies 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. Warrants'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.
SHF Holdings, Inc. Warrants held $8.2M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $3.4M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and SHF Holdings, Inc. Warrants scores 54/100 among other emerging companies.
SHF Holdings, Inc. Warrants had 5M shares outstanding at the end of fiscal year 2025, against 3M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and SHF Holdings, Inc. Warrants scores 96/100 among other emerging companies.
Not available for SHF Holdings, Inc. Warrants, and counted as zero in the overall score.
SHF Holdings, Inc. Warrants reported revenue of $7.7M in fiscal year 2025, against $15.2M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and SHF Holdings, Inc. Warrants scores 11/100 among other emerging companies.
SHF Holdings, Inc. Warrants's operations used $3.4M of cash in fiscal year 2025, against $430K generated in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and SHF Holdings, Inc. Warrants scores 8/100 among other emerging companies.
SHF Holdings, Inc. Warrants's cash, cash equivalents and investments came to $8.2M at the end of fiscal year 2025, against $9.0M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and SHF Holdings, Inc. Warrants scores 56/100 among other emerging companies.
SHF Holdings, Inc. Warrants 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. Warrants 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. Warrants 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. Warrants generated $1.9M in revenue in Q2 2026. This represents an increase of 4.8% from the same quarter a year earlier. Against the prior quarter it is down 2.1%.
SHF Holdings, Inc. Warrants reported -$1.5M in net income in Q2 2026. This represents a decrease of 62.6% from the same quarter a year earlier. Against the prior quarter it is up 14.9%.
Not reported for Q2 2026.
Cash & Balance Sheet
SHF Holdings, Inc. Warrants held $5.7M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
SHF Holdings, Inc. Warrants's operating margin was -53.0% in Q2 2026, reflecting core business profitability. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 36.2 percentage points.
SHF Holdings, Inc. Warrants's net profit margin was -78.2% in Q2 2026, showing the share of revenue converted to profit. This is down 27.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.9 percentage points.
SHF Holdings, Inc. Warrants's ROE was -24.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is up 1.7 percentage points.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
SHFSW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9M+4.8% | $2.0M+2.2% | $2.1M-43.8% | $1.8M-47.3% | $1.8M-54.3% | $1.9M-52.3% | $3.7M-18.0% | $3.5M-19.6% |
| SG&A Expenses | $887K+93.7% | $1.1M+7.8% | $989K-10.3% | $856K-7.9% | $458K-54.3% | $991K+0.7% | $1.1M-35.6% | $929K-37.3% |
| Operating Income | -$1.0M-5.7% | -$1.8M+11.5% | -$1.2M+84.6% | -$1.2M-788.1% | -$971K-423.5% | -$2.0M-712.9% | -$7.9M-356.8% | $177K-66.7% |
| EBITDA | N/A | N/A | -$1.2M+84.2% | -$1.2M-460.2% | -$970K-296.0% | -$2.0M-482.2% | -$7.7M-436.7% | $338K-58.8% |
| Interest Expense | N/A | $5K-95.9% | $12K-75.6% | $253K+56.2% | $115K-31.7% | $113K-26.8% | $49K+120.2% | $162K-54.7% |
| Income Tax | N/A | N/A | N/A | N/A | -$58K-112.0% | N/A | $43.8M+7050.6% | $7K-89.0% |
| Net Income | -$1.5M-62.6% | -$1.8M-115.1% | -$583K+98.9% | $180K-49.3% | -$931K-198.9% | -$827K-140.4% | -$51.7M-2178.0% | $354K+147.3% |
| EPS (Basic) | -$0.36-9.1% | -$0.43-43.3% | -$0.26+98.5% | $0.06-53.8% | -$0.33-197.1% | -$0.30-140.5% | -$17.49-17590.0% | $0.13+750.0% |
| EPS (Diluted) | -$0.36 | -$0.43 | -$0.26+98.5% | $0.06 | -$0.33 | -$0.30 | -$17.49 | $0.13 |
| Diluted Shares (Avg) | 7M | 4M | N/A | 3M | 3M | 3M | N/A | 3M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
SHFSW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.2M+137.6% | $15.7M+135.7% | $17.2M+30.2% | $13.7M-79.6% | $6.0M-91.2% | $6.7M-90.2% | $13.2M-80.5% | $66.9M-7.6% |
| Current Assets | $10.9M+120.6% | $12.4M+137.2% | $12.2M+4.3% | $11.1M-8.8% | $5.0M-36.7% | $5.2M-29.7% | $11.7M+50.8% | $12.2M+14.9% |
| Cash & Equivalents | $5.7M+2216.7% | $5.9M+533.2% | $6.8M+191.6% | $862K-85.3% | $247K-96.0% | $931K-83.4% | $2.3M-52.4% | $5.9M-34.5% |
| Short-Term Investments | $0 | $1.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | N/A | $800K | $1.0M0.0% | N/A | N/A | N/A | $1.0M | N/A |
| Long-Term Investments | $0 | $0-100.0% | $1.4M+282.7% | $1.5M+300.6% | $0-100.0% | $375K-1.2% | $379K-0.7% | $374K+22.8% |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $6.1M0.0% |
| Total Liabilities | $8.1M-66.2% | $9.0M-62.0% | $9.0M-64.8% | $6.7M-75.8% | $23.8M-17.6% | $23.6M-23.2% | $25.5M-23.9% | $27.5M-39.3% |
| Current Liabilities | $6.2M-49.7% | $6.9M-42.6% | $6.5M-48.8% | $5.3M-63.7% | $12.3M+63.9% | $11.9M+68.0% | $12.7M+60.6% | $14.7M-26.4% |
| Non-Current Liabilities | $1.8M-83.9% | $2.1M-81.9% | $2.5M-80.7% | $1.3M-89.6% | $11.5M-46.3% | $11.7M-50.6% | $12.8M-49.9% | $12.8M-49.5% |
| Total Equity | $6.1M+134.2% | $6.7M+139.7% | $8.2M+167.0% | $7.0M-82.2% | -$17.9M-146.4% | -$16.9M-145.8% | -$12.3M-135.8% | $39.4M+45.6% |
| Retained Earnings | -$126.2M-3.0% | -$124.7M-2.6% | -$122.9M-1.8% | -$122.3M-77.1% | -$122.5M-76.4% | -$121.6M-72.7% | -$120.8M-68.7% | -$69.1M+3.6% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
SHFSW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M-160.2% | -$1.1M+5.4% | -$1.1M+61.7% | -$538K-207.1% | -$675K-154.9% | -$1.1M-177.3% | -$2.8M-357.3% | $502K-32.1% |
| Depreciation & Amortization | N/A | N/A | $0-100.0% | $637-99.6% | $1K-99.4% | $1K-99.3% | $161K-44.1% | $161K-44.3% |
| Stock-Based Compensation | $42K+75.5% | $59K-92.1% | N/A | N/A | $24K-95.7% | $750K+33.4% | N/A | $388K-8.2% |
| Investing Cash Flow | $630K+18987.5% | $25K+670.9% | $50K+1084.6% | $386K+18351.7% | $3K+7.5% | $3K+7.7% | $4K+100.1% | $2K+106.9% |
| Financing Cash Flow | $958K+7599.0% | $172K+167.3% | $6.9M+1006.7% | $767K+201.6% | -$13K+98.3% | -$256K+65.5% | -$764K | -$755K |
| Dividends Paid | $900K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
SHFSW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-K | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -53.0%-0.4pp | -89.3% | -59.1% | -66.4%-71.5pp | -52.6%-60.1pp | -103.1% | -215.0% | 5.1%-7.2pp |
| Net Margin | -78.2%-27.8pp | -90.1%-47.3pp | -28.2% | 9.8%-0.4pp | -50.4%-73.8pp | -42.8%-93.4pp | -1407.1% | 10.2%+27.4pp |
| Return on Equity | -24.8% | -26.5% | -7.1% | 2.6%+1.7pp | N/A | N/A | N/A | 0.9%+3.7pp |
| Return on Assets | -10.7%+4.9pp | -11.3%+1.1pp | -3.4%+387.5pp | 1.3%+0.8pp | -15.6%-17.0pp | -12.4%-15.5pp | -390.9%-394.5pp | 0.5%+1.6pp |
| Current Ratio | 1.76+1.4x | 1.81+1.4x | 1.88+1.0x | 2.08+1.3x | 0.40-0.6x | 0.44-0.6x | 0.92-0.1x | 0.83+0.3x |
| Debt-to-Equity | 1.32 | 1.33 | 1.09 | 0.95+0.3x | N/A | N/A | N/A | 0.70+0.2x |
| Asset Turnover | 0.14-0.2x | 0.13-0.2x | 0.12-0.2x | 0.13+0.1x | 0.31+0.2x | 0.29+0.2x | 0.28+0.2x | 0.050.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF 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.
Where SHF Holdings, Inc. Warrants Ranks
Frequently Asked Questions
What is SHF Holdings, Inc. Warrants's annual revenue?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants's revenue growing?
SHF Holdings, Inc. Warrants (SHFSW) revenue declined by 49.7% year-over-year, from $15.2M to $7.7M in fiscal year 2025.
Is SHF Holdings, Inc. Warrants profitable?
No, SHF Holdings, Inc. Warrants (SHFSW) reported a net income of -$2.2M in fiscal year 2025, with a net profit margin of -28.2%.
What is SHF Holdings, Inc. Warrants's EBITDA?
SHF Holdings, Inc. Warrants (SHFSW) had EBITDA of -$5.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is SHF Holdings, Inc. Warrants's operating margin?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants's net profit margin?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants's return on equity (ROE)?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants's operating cash flow?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants's total assets?
SHF Holdings, Inc. Warrants (SHFSW) had $17.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is SHF Holdings, Inc. Warrants's current ratio?
SHF Holdings, Inc. Warrants (SHFSW) had a current ratio of 1.88 as of fiscal year 2025, which is generally considered healthy.
What is SHF Holdings, Inc. Warrants's debt-to-equity ratio?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants's return on assets (ROA)?
SHF Holdings, Inc. Warrants (SHFSW) had a return on assets of -12.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does SHF Holdings, Inc. Warrants's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, SHF Holdings, Inc. Warrants (SHFSW) held $8.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.4M over that year. Dividing the one by the other, the reported balance equals about 29 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is SHF Holdings, Inc. Warrants's Piotroski F-Score?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants's earnings high quality?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants cover its interest payments?
SHF Holdings, Inc. Warrants (SHFSW) 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. Warrants?
SHF Holdings, Inc. Warrants (SHFSW) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.